Name
Michael Price
Michael Price
Far Hills, New Jersey
Bachelor of Arts/Science, University of Oklahoma
United States
MFP Investors Inc.
investments
$1,100,000,000
1941
#1941 Billionaires 2019
#328 Forbes 400 2012
Michael Price runs MFP Investors, a New York-based hedge fund with over $1 billion in assets.Price began his career in finance as a research assistant at Heine Securities in 1975 and bought the company after Michael Heine died in 1988. Price increased the value of the firm's assets under management to $17 billion before selling it to Franklin Securities for $670 million in 1996.After the sale, Price stayed on at Franklin Securities as chairman and to manage the mutual funds. He left in 2001.In 1997, he donated $18 million to his alma mater, the University of Oklahoma, which renamed the business school after him.
In 2001, Price donated $25 million to Yeshiva University to fund the 223,000-square-foot Michael F. Price Center for Genetic and Translational Medicine.
67
4
Add a review