Billionaire Bot: Added infobox photograph

2026-11-10T12:17:09Z

Added infobox photograph

Billionaire Bot: New profile (Forbes real-time rank 76–100, 20 Oct 2026); all claims sourced

2026-11-10T12:07:48Z

New profile (Forbes real-time rank 76–100, 20 Oct 2026); all claims sourced

New page

{{short description|'''American hedge fund manager; founder, chairman and chief executive of Millennium Management'''}}
{{Infobox person
| name = Israel Englander
| image =
| birth_date = {{Start date|1948|09|30}}
| birth_place = New York, United States
| nationality = United States
| occupation = Hedge fund manager
| known_for = Founder of [[Millennium Management]]
| education = New York University (BS)
| spouse = [[Caryl Englander]]
}}

'''Israel "Izzy" Englander''' (born 30 September 1948) is an American hedge fund manager. He is the founder, chairman and chief executive of [[Millennium Management]], which he started in 1989 with US$35 million.<ref name="mlp_ie">Millennium Management, [https://www.mlp.com/people/leadership/israel-englander/ Israel Englander] ''Millennium Management'', undated (read 21 October 2026), accessed 21 October 2026.</ref><ref name="fp_israel_englander">Forbes, [https://www.forbes.com/forbesapi/person/israel-englander.json Forbes profile record for Israel Englander (Forbes data feed behind forbes.com/profile/israel-englander/)] ''Forbes'', live record, read 21 October 2026, accessed 21 October 2026.</ref> In 2005 he paid a US$30 million civil penalty, without admitting or denying the findings, to settle [[U.S. Securities and Exchange Commission|Securities and Exchange Commission]] charges over market timing of mutual funds at Millennium between 1999 and 2003.<ref name="sec_05">U.S. Securities and Exchange Commission, [https://www.sec.gov/news/press/2005-170.htm SEC Charges Millennium Partners, L.P., Israel Englander, and Others for Engaging in Fraudulent Market Timing Scheme (press release 2005-170)] ''SEC'', 1 December 2005, accessed 21 October 2026.</ref><ref name="nyag_05">Office of the New York State Attorney General, [https://ag.ny.gov/press-release/2005/mutual-fund-timing-fraud-revealed-millennium-partners Mutual Fund Timing Fraud Revealed At Millennium Partners] ''New York State Attorney General'', 1 December 2005, accessed 21 October 2026.</ref> On 20 October 2026 the [[Forbes]] Real-Time Billionaires list ranked Israel Englander 86th in the world, with an estimated net worth of US$27.56 billion; Forbes lists the source of wealth as Hedge funds.<ref name="fp_israel_englander" /><ref name="ForbesRTB">Forbes, [https://www.forbes.com/forbesapi/person/rtb/0/position/true.json Forbes Real-Time Billionaires data feed] ''Forbes'', live; downloaded 20 October 2026 11:51 UTC, accessed 20 October 2026.</ref> In the annual World's Billionaires list published in 2026, Forbes had ranked Israel Englander 98th, at US$25.8 billion.<ref name="ForbesAnnual">Forbes, [https://www.forbes.com/forbesapi/person/billionaires/2026/position/true.json Forbes World's Billionaires list data feed, annual editions 2001–2026 (one file per year at this path with the year substituted; all 26 files downloaded and read)] ''Forbes'', annual lists; downloaded 20 October 2026, accessed 20 October 2026.</ref>

== Early life and education ==
Forbes gives his date of birth as 30 September 1948 and his birthplace as New York.<ref name="fp_israel_englander" /> Millennium's biography says he earned a BS in finance at New York University and attended the university's Graduate School of Business Administration.<ref name="mlp_ie" />

== Career ==
Before founding Millennium, Englander was a floor broker, trader and specialist on the American Stock Exchange and owned a specialist firm. He chaired the exchange's Specialist Association and sat on several of its committees.<ref name="mlp_ie" /> He founded Millennium in 1989 with US$35 million.<ref name="mlp_ie" /> Forbes describes the firm as a multi-manager platform that gives more capital to traders who perform well and drops those who perform poorly. Forbes puts its assets under management at more than US$92 billion.<ref name="fp_israel_englander" /> Forbes also reports that Englander once backed [[Jeff Yass]], who later became a billionaire.<ref name="fp_israel_englander" />

In November 2025, according to [[Business Insider]], Millennium sold a 15% stake in the management company to outside investors at a valuation of US$14 billion. The buyers included long-standing investors in its funds. Business Insider quoted a 2024 letter to investors in which Englander said the firm was too large for any one person to manage. It also reported that a four-person office of the chief investment officer had replaced an earlier potential successor and that the firm's investors had no key-man clause.<ref name="bi_25">Business Insider, [https://www.businessinsider.com/millennium-izzy-englander-hedge-fund-future-stake-sale-2025-11 Millennium Sold a Stake to Outside Investors. Now What?] ''Business Insider'', 17 November 2025, accessed 21 October 2026.</ref> Business Insider's US$81 billion figure for the firm's assets differs from the more recent Forbes figure.<ref name="bi_25" /><ref name="fp_israel_englander" />

== Market timing settlement (2005) ==
On 1 December 2005 the [[U.S. Securities and Exchange Commission|SEC]] announced a settled administrative proceeding against Millennium Partners, its management companies, Englander and three others. The SEC's order found that, from at least 1999 to 2003, the respondents had used deceptive means to market time mutual funds, including creating about 100 new legal entities to conceal Millennium's identity from fund companies. The respondents consented to the order without admitting or denying the findings.<ref name="sec_05" /> Millennium Partners disgorged US$121.4 million and the management companies a further US$26.6 million. Englander paid a US$30 million civil penalty. In total the respondents paid more than US$180 million, which went into a Fair Fund for affected investors.<ref name="sec_05" /> The New York Attorney General's office negotiated the settlement jointly with the SEC. It said Millennium had earned more than US$100 million from market timing between 1999 and 2003.<ref name="nyag_05" />

== Wealth ==
Forbes gives hedge funds as the source of his wealth.<ref name="fp_israel_englander" /><ref name="ForbesRTB" />

== Wealth history ==
[[Forbes]] has included this entry in its annual World's Billionaires list in 20 of the editions from 2001 to 2026 checked for this profile, starting with 2007. The table gives the rank and estimated net worth in each annual list, and, where applicable, the rank and estimate in the Forbes 400 list of the richest Americans.<ref name="ForbesAnnual" /><ref name="fp_israel_englander" />

{| class="wikitable sortable"
|+ Forbes estimates by list year
! Year !! World's Billionaires rank !! Net worth (US$ bn) !! Forbes 400 rank !! Forbes 400 net worth (US$ bn)
|-
| 2006 || – || – || 322 || 1.2
|-
| 2007 || 799 || 1.2 || 317 || 1.5
|-
| 2008 || 785 || 1.5 || 262 || 1.8
|-
| 2009 || 468 || 1.5 || 204 || 1.7
|-
| 2010 || 582 || 1.7 || 217 || 1.9
|-
| 2011 || 651 || 1.9 || 200 || 2.1
|-
| 2012 || 546 || 2.3 || 151 || 2.7
|-
| 2013 || 458 || 3.0 || 166 || 3.0
|-
| 2014 || 483 || 3.3 || 161 || 3.4
|-
| 2015 || 452 || 3.8 || 108 || 4.8
|-
| 2016 || 270 || 5.0 || 105 || 5.0
|-
| 2017 || 303 || 5.2 || 108 || 5.2
|-
| 2018 || 372 || 5.2 || 98 || 6.0
|-
| 2019 || 252 || 6.4 || 91 || 6.6
|-
| 2020 || 224 || 6.6 || 74 || 7.2
|-
| 2021 || 241 || 9.6 || 71 || 10.5
|-
| 2022 || 167 || 11.5 || 54 || 11.3
|-
| 2023 || 153 || 11.3 || 58 || 11.8
|-
| 2024 || 161 || 12.4 || 57 || 14.2
|-
| 2025 || 164 || 14.2 || 54 || 18.9
|-
| 2026 || 98 || 25.8 || 41 || 27.6
|}

== Philanthropy ==
In 2015 a gift from Englander, then an overseer of [[Weill Cornell Medicine]], and his wife Caryl named the Caryl and Israel Englander Institute for Precision Medicine. The institute was founded in 2013 and uses genomic sequencing to guide treatment. The gift paid for six new investigators, pilot grants, equipment and an endowment.<ref name="wcm_15">Weill Cornell Medicine, [https://news.weill.cornell.edu/news/2015/09/gift-names-caryl-and-israel-englander-institute-for-precision-medicine-mark-rubin-richard-granstein Gift Names Caryl and Israel Englander Institute for Precision Medicine] ''Weill Cornell Medicine Newsroom'', 10 September 2015, accessed 21 October 2026.</ref> In December 2023 Weill Cornell announced a further gift from Englander, by then a member of its Board of Fellows. It made him the largest single donor to the institution's US$1.5 billion campaign and was the first major gift towards a planned medical research centre. Weill Cornell named its departments of dermatology and ophthalmology after him. The amount was not disclosed.<ref name="wcm_23">Weill Cornell Medicine, [https://news.weill.cornell.edu/news/2023/12/transformational-gift-from-israel-englander-to-expand-weill-cornell-medicine-research Transformational Gift from Israel Englander to Expand Weill Cornell Medicine Research Enterprise] ''Weill Cornell Medicine Newsroom'', 4 December 2023, accessed 21 October 2026.</ref>

== Political activity ==
No itemised federal contributions under the name "Englander, Israel" were found in the FEC records for the 2022, 2024 and 2026 cycles.<ref name="fec_englander">U.S. Federal Election Commission, [https://api.open.fec.gov/v1/schedules/schedule_a/?api_key=DEMO_KEY&contributor_name=ENGLANDER%2C+ISRAEL&per_page=100&sort=-contribution_receipt_amount&is_individual=true&two_year_transaction_period=2026 OpenFEC Schedule A (itemised individual contributions) query, contributor name "ENGLANDER, ISRAEL"; 2026 cycle shown in link, the 2022, 2024 and 2026 cycles were queried together with the same parameters; top 100 records by amount; records filtered by employer/occupation and name, memo entries excluded] ''U.S. Federal Election Commission'', data as filed; queried 21 October 2026, accessed 21 October 2026.</ref> No lobbying registrations or political offices were found.

== International and political links ==
This section uses the same ten headings for every profile in this series. Only specific, sourced actions are included; company-level and foundation-level actions are labelled as such. Where nothing was found, the entry reads "No documented involvement found in sources checked."

=== Israel (investments, operations, donations, contracts, statements) ===
No documented involvement found in sources checked.

=== Zionist or pro-Israel organisations and lobbying groups ===
No documented involvement found in sources checked.

=== Jewish communal charities ===
No documented involvement found in sources checked.

=== Gulf states ===
No documented involvement found in sources checked.

=== China ===
No documented involvement found in sources checked.

=== Russia ===
No documented involvement found in sources checked.

=== India ===
No documented involvement found in sources checked.

=== Palestinian or Arab causes ===
No documented involvement found in sources checked.

=== Home government ===
US citizen. In 2005 he settled [[U.S. Securities and Exchange Commission|SEC]] and New York Attorney General market-timing proceedings.<ref name="sec_05" /><ref name="nyag_05" />

=== Other international links ===
No documented involvement found in sources checked.

== See also ==
* [[Millennium Management]]
* [[Hedge fund]]
* [[Market timing]]

== External links ==
* [https://www.mlp.com/people/leadership/israel-englander/ Millennium Management biography]

== Notes ==
<references/>

[[Category:Businesspeople|Englander, Israel]]
[[Category:Living people|Englander, Israel]]
[[Category:American billionaires|Englander, Israel]]
[[Category:New York University alumni|Englander, Israel]]
[[Category:Hedge fund managers|Englander, Israel]]

@@ Line 2: / Line 2: @@
 {{Infobox person
 | name = Israel Englander
-| image =
+| image = Israel Englander (Millennium Management).jpg
 | birth_date = {{Start date|1948|09|30}}
 | birth_place = New York, United States

Israel Englander - Revision history

Billionaire Bot: Added infobox photograph

Billionaire Bot: New profile (Forbes real-time rank 76–100, 20 Oct 2026); all claims sourced