In This Biography
Jim Chanos Biography, Age, Career, Marital Status, Investment, and Net Worth.
Who is Jim Chanos?
James Steven Chanos abbreviated as Jim Chanos is an American prominent investment manager. Currently, he is the president and founder of Kynikos Associates, a New York City registered advisor focused on short selling. A noted art collector, he appeared in the BBC Four documentary The Banker’s Guide to Art.
How Old Is Jim Chanos?
He is 64 years old as of June 2022, having been born on December 24, 1957, in Milwaukee, Wisconsin, U.S. Jim shares his birthdate with celebrities such as; Mads Lewis, Louis Tomlinson, Diego Martir, Alabama Barker, Hailey Orona, and many more.
Jim Chanos Family
Who are Jim Chanos Parents?
He was born to Greek immigrant parents. His father ran a chain of dry-cleaning stores while his mother worked as an office manager at a steel company.
Does Jim Chanos have Siblings?
There is no news on the internet showing whether he has siblings or was born as the only child. In case of news regarding this matter, we will update it here as soon as possible.
Jim Chanos Education
He received his high school education at Wylie E. Groves High School. After graduating from high school, he attended Yale University where he received a B.A. in Economics and Political Science.
Jim Chanos Marital Status
According to news on the internet, he is possibly single. However, he was previously married to Amy Chanos but divorced in 2006.
Jim Chanos Kids
He and his ex-wife Amy have four kids. But there is no news regarding his kids’ names or whereabouts mentioned on the internet.
Jim Chanos Career
In 1982, he began his career at brokerage film Gilford Securities. During his time at Gilford, he performed a cash-flow analysis and made a sell recommendation that ultimately exposed Baldwin-United, which filed for bankruptcy in 1983. After a short time, he was recruited to Deutsche Bank where he analyzed Michael Milken’s junk bonds and Drexel Burnham Lambert. After working as an analyst in several firms, in 1985, he founded Kynikos (Greek for “Cynic”) with $16 million, as a firm specializing in short selling. A critical stance he took on Kynikos was shorting Enron. He describes his investment strategy as “intensive research into stocks”.
An Investments Career
A Career in Correct bet on Eron collapse
Jim gained notability as a short seller when he predicted the fall of Enron before it filed for bankruptcy in 2001. Throughout 2001, he was a short seller of Enron thus increasing his short position as more information surfaced. Kynikos profited from the trade.
A Career Prediction of Chinese real estate crash
He is a long-time skeptic of the future of the Chinese economy. For this reason, in the summer of 2009, he became bearish after starting to study China in earnest. He then went public with his pessimistic outlook on China in September 2009. In an interview on CNBS, he said the Chinese miracle economy was “getting harder and harder to believe”, predicting the country would head the way of the “old Soviet Union”.
The New York Times in January 2010 referenced Jim making a prediction of an impending Chinese economic crash that would resemble “Dubai times 1,000 – or worse”. Later in April 2010, on the Charlie Rose Show, he maintained that China was on a “treadmill to hell” that would result in a crash caused by a “world-class” property bubble. In 2010, the Chinese real estate crash predicted did not materialize and has caused financial media to question his investment wisdom. A December 2017 Bloomberg article, noted “Jim has made wayward bets against U.S. stocks and China recently”.
An October 2017 article in the Financial Times, used his “Dubai times 1,000” quote as an example of one of the “dire prophecies” about China’s real estate market that did not come true, demonstrating the subject was “tricky for foreign investors and experts to grasp”. In an interview in December 2017, during a forum event hosted by Schechter Wealth, he said “in the past few years…we’ve reduced our China short and our global fund to the lowest it’s been”.
A Career in Luckin Coffee
In 2020, he took and closed a short position on Luckin Coffee.Inc on the advice of fellow short-seller Carson Block of Muddy Waters Research. In April 2020, the stock dropped 70% after the company disclosed in a securities filing that its chief operating officer had fabricated about 2.2 billion yuan ($310 million) of reported sales. He then remarked on CNBC “How many times do investors have to be burned in these companies that are just too good to be true? Growing 40% to 50% a year, with all kinds of odd transactions with affiliates”.
A Career at Wirecard AG
In addition, he took and closed a short position on Wirecard AG. In June 2020, the stock dropped about 96% after the company’s auditor EY disclosed that the company was missing about $2.1 billion. He then stated that he believes that Wirecard was never profitable.
The Hertz Corporation Career
Moreover, he took and closed a short position on The Hertz Corporation. Where he covered his short position before the Hertz bankruptcy. He went on to state that he didn’t believe that Hertz would survive the next season.
Jim Chanos Height and Measurements
Adding up to his well-built body is a height of 5tf 6½inches (1.69m) and a weight of 75kg (165lbs).
Jim Chanos Salary and Net Worth
His salary is not mentioned on the internet but has a net worth of $1.5 billion.
KNOWLEDGE is POWERFUL. Please kindly share Newstime Worldwide website and videos with all your family and friends and contacts Worldwide, thanks. Almighty GOD continue to bless you always.
Newstime Worldwide is not responsible for external websites’ content.