At the last update at the end of January, Plotkins hedge fund was down by 53 percent. This was not long after the legal trouble and allegations of wrongdoing by the SEC. These audits are copied from the Federal Audit Clearinghouse. The most Plotkin families were found in USA in 1920. 02/11/2022. about GuideStar Pro. Current notable investments include Chewy.com, Amazon.com, Las Vegas Sands, Alibaba, and shorting GameStop. Michael Jordan/Hornets Investment: In 2019, Gabe and another hedge fund manager bought a portion of Michael Jordans ownership stake in the NBAs Charlotte Hornets. Gabriel Plotkin, CEO of Melvin Capital Management, testifies before Congress (YouTube snapshot) Melvin Capital, the hedge fund belonging to Gabe Plotkin, is shutting down . Northwestern UniversityAfter graduating from Northwestern University with a degree in Economics in 2001,Gabriel Plotkinjoined Ken Griffins hedge fund Citadel LLC, and later Connecticut-based hedge fund North Sound Capital. The hedge fund is getting a boost from Citadel LLC and Point72 Asset Management, however. If youre hearing his name for the first time, here are 10 things you didnt know about Gabe Plotkin to bring you up to speed. Yaara Bank-Plotkin is the wife of Gabriel or Gabe Plotkin. 5. Issue #1 of 'Phantom Raoad' goes on sale Wednesday, March 1. Read the IRS instructions for 990 forms. The firm ended 2020 with $12.5 billion under management. During his time at SAC Capital, Plotkin was the recipient of illegal insider information according to federal prosecutors. Be that as it may, her significant other, Gabriel Plotkins total assets is $300 million, reports Forbes. Note: The absence of a rating does not indicate a positive or negative assessment; it only indicates that we have not yet evaluated this organization. The Internal Revenue Service is substantially delayed in processing and releasing nonprofit filings, so documents available here may not be the most recent an organization has filed. He filed plans with the city which showed plans to raze one of the properties and replace with a tennis court and gardens. This is a calculated risk that can happen at any time, and all hedge betters realize that there is no such thing as a sure deal, so they have contingency plans. All net worths are calculated using data drawn from public sources. The redditers banded together to perform a "short squeeze", where the price of the stock is sent rocketing upward, causing the short sellers to lose massive amounts of money very quickly. The Highland Project, one of eight organizations in New Profits first Economic Mobility Cohort, is building and co-powering a coalition of Black women leaders focused on addressing the racial wealth gap by driving bold, structural change for Black communities. He started his career under Ken . Your email address will not be published. Copyright. Gabe Plotkin is the CIO of Melvin Capital. Gabe's company was worth $12.5 billion before suffering a huge loss. spent with my family and on Melvin Capital, which I founded six years ago. endobj When Plotkin was still employed at SAC Capital a scandal broke out. <> Offers may be subject to change without notice. Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. GABRIEL PLOTKIN Children of Fallen Patriots Many of these posts were laced with antisemitic slurs directed at me and others, he said. He had previously been one of the most prominent. She is a native New Yorker. Numerous searches have not turned up any official social media accounts that are accessible by the public. She is a native New Yorker. In 2013 SAC pleaded guilty and agreed to pay $1.2 billion in penalties plus $616 million paid to the SEC. The couple married in 2006 and are still together. He raised nearly $1 billion. His compensation after that years performance was $300 million. Required fields are marked *. Federal prosecutors alleged that he was the recipient of illegal insider information. The couple engages in some of their favorite activities with their son including sporting events and petting zoos, like any other family, but they feel a strong sense of community and they are dedicated to doing what they can to support the Jewish Community through their efforts in a partnership with Chabad. Extracted financial data is not available for this tax period, but Form 990 documents are available for download. Workwear has been the catalyst for designer Heron Preston, launching his brand in 2016 through an inspired eye that identified blue-collar workers of New York City as "style icons" and "the faces of fashion.". endobj The subreddit users of WallStreetBets took the long position on the stock and rumors of bankruptcy began to circulate. This shows that Mr. Plotkin has a strong sense of his Jewish roots and loyalty to the people who live in his local community as well as for his ancestral ties to Israel. SACs founder,Steven A. Cohen, proceeded to return all outside capital and established a family office instead, which he called Point72 Asset Management. Increase Website Performance with Cumulative Layout Shift (CLS), Largest Contentful Paint (LCP) and Total Blocking Time (TBT). Sign in. Gabriel Plotkins net worth reportedly tumbled in January 2021 as Reddit users targeted his Melvin Capital Management in a GameStop short squeeze. These times of financial uncertainty require soccer agents to have a clear picture of each club's spending power. Gabriel and Yaara Plotkin Family Foundation cannot currently be evaluated by our Accountability & Finance methodology because it files Form 990-PF, as required of Private Foundations. Join Facebook to connect with Gabriel Plotkin and others you may know. GameStop was just one of the shorts that went south on the company. Need the ability to download nonprofit data and more advanced search options? Yaara doesnt have a Wikipedia page devoted to her yet. Learn More According to Forbes, Plotkin earned about $300 million in compensation in 2017, making him the 20th highest-paid hedge fund manager that year. Gabriel Plotkin runs Melvin Capital Management, a hedge fund firm with $3.5 billion under management. EIN 46-4942784 . PDF COMMITTEE ON FINANCIAL SERVICES - House Gabe Plotkin is the CIO of Melvin Capital. Public, Society Benefit - Multipurpose and Other N.E.C. Save my name, email, and website in this browser for the next time I comment. All Rights Reserved. Service. By Svea Herbst-Bayliss. * Officer compensation may be included in charitable disbursements, so values may add up to greater than 100%. (W99). Plotkin is still reported to have a net worth of about $300 million, which qualifies him as a very rich man. Has Gabriel Jesus Turned Arsenal Into Premier League Title Contenders? Gabriel married Yaara Bank in 2006 and the couple has two kids, a son, and a daughter. These included GameStop, AMC Networks, Cryoport, First Majestic Silver, GSX Techedu, and Simon Property Group. This was a job with a lot of responsibility as he handled the stocks that were valued at approximately $1.3 billion. Organizations making less than $50,000 dont have to file either form but do have to let the IRS theyre still in business via a Form 990N "e-Postcard.". Yaaras Twitter bio isnt accessible as she isnt dynamic on any online media stages, for example, Instagram, Twitter, Facebook, and TikTok. Gabes organization was valued at $12.5 billion preceding enduring a tremendous misfortune. }p . You've probably heard what went. The total assets subtleties and the subtleties of Yaara Bank-Plotkins compensation and profit are kept hidden. Gabe received his bachelor's degree in economics from Northwestern University. Gabriel And Yaara Plotkin Family Foundation - Nonprofit Explorer - ProPublica Research Tax-Exempt Organizations GABRIEL AND YAARA PLOTKIN FAMILY FOUNDATION NEW YORK, NY 10017-0000 |. The people, governance practices, and partners that make the organization tick. Grant Information Last Updated: If the problem persists contact us. Gabriel Plotkin, formerly a top trader for Steve Cohen's Point72, put out his own shingle in 2014, opening Melvin Capital with $1 billion in seed money . Ratings are calculated from one or more beacon scores. And he told the committee that when Reddit users targeted Melvins short positions, some shared offensive posts. Melvin Capital CEO Gabriel Plotkin said hes gotten racist and profane texts from Redditors. Gabe Plotkin Net Worth | Celebrity Net Worth Learn more about the BMF on the IRS website, Private non-operating foundation (BMF foundation code: 04), Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). Who Paid The Largest Individual Tax Bill Of All Time? Gabe Plotkin Shutters Melvin Capital After GameStop Disaster Please share any feedback you have about Foundation Directory Online. Plotkin mostly trades consumer stocks and in 2017 Melvin Capital posted returns of 41% net of fees. The company's current valuation is $8 billion, reports Daily Mail . Melvin Capital: In the wake of the implosion of SAC, in 2014 Gabe Plotkin founded Melvin Capital Management. SAC was fully shuttered in 2016. Notwithstanding, neither Yaara Bank-Plotkin nor Gabriel Plotkin has affirmed or denied the gossip about their separation. loading and try your donation again. We have great confidence in Gabe and his team," Ken Griffin, founder and CEO of Citadel, said in a statement. They gained considerably due to the problems faced during the launch of Cyberpunk 2077. Gabriel Plotkin Net Worth: Info on Melvin Capital Founder's Fortune David F. Kurd is the firms COO. Copyright 2021 Pro Publica Inc. ProPublica posts new tax forms as they are released by the IRS. Bank-Plotkin carries on with a private life as she has not unveiled any insights regarding her family, guardians, kin, and foundation. From https://projects.propublica.org/nonprofits. $5,131,925. Scientists and philosophers have studied the process of how knowledge is expanded. The common stock of Ligand Pharmaceuticals, Melvins second-largest put position among this new group, nearly doubled for the month through January 28. This was about 32% of all the recorded Plotkin's in USA. Read the API documentation . He filed plans with the city which showed plans to raze one of the properties and replace with a tennis court and gardens. In its initial 13F filing covering the fourth quarter and publicly disclosed in mid-February, Melvin had listed eight stocks for which it held put options.Gabriel Plotkin.
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