Billionaire Investor Chase Coleman is one of Wall Street’s original whiz kids. When he was just 24 years old, he founded Tiger Global Management with starting capital from his former boss and mentor, the iconic hedge fund manager Julian Robertson, Jr.Coleman parlayed this seed money of $25 million into one of the world’s most successful hedge fund empires, with roughly $58 billion in assets under management. He’s currently ranked as the world’s 500th richest person by Forbes with a net worth estimated at $5.7 billion.
Coleman is best known for spotting big winners early on, making notable investments in (among others) Spotify; Facebook, now Meta Platforms (NASDAQ: META); and LinkedIn, now owned by Microsoft (NASDAQ: MSFT).
He’s no stranger to bold bets, so it isn’t surprising that to close out 2023, Coleman had a whopping 45.8% of Tiger Global Management’s equity portfolio invested in just five artificial intelligence (AI) stocks:
- Meta Platforms: 18.8%
- Microsoft: 14.3%
- Amazon (NASDAQ: AMZN): 5.3%
- Alphabet (NASDAQ: GOOGL)….
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