Gabriel Plotkin Net Worth – Gabriel “Gabe” Plotkin is an American entrepreneur who founded Melvin Capital Management LP.
Gabriel Plotkin is a graduate of the college. He enrolled at Northwestern University for classes. He received his Bachelor of Economics degree there, graduating in 2001.
Gabriel Plotkin Net Worth 2020-2021
Gabriel Plotkin Career
Gabriel accepted a position at SAC Capital after he graduated from Northwestern. Plotkin left SAC to start his own company at the end of 2014. This was not long after the SEC’s legal distress and accusations of corruption. He founded a fund called Melvin Money, named in honor of his late grandfather.
At the beginning of 2021, subredditr/wallstreetbets members created a torrent of criticism directed at fund managers such as Plotkin, who actively “shorted” the stock of failing businesses. Special attention was given to the short sales of video game rental company, GameStop, which was the shortest stock American exchange.
In January 2021, Melvin Capital lost 53 percent of its investments, according to the Wall Street Journal. According to the same WSJ post, Melvin began with assets of $ 12.5 billion in 2021 and ended with $ 8 billion in January, including $ 2.75 billion in capital.
Gabriel Plotkin Personal Life and Properties
From 2006 on, Gabe was married to Yara Banks-Plotkin.
Gabe paid a total of $44 million in November 2020 for two of North Bay Road’s adjoining homes in Miami, Florida. He submitted proposals to the city, showed plans for the property to be rinsed and replaced with a tennis court and gardens. In New York City, he also has a property.