Forbes' magazine released its annual world's billionaires list on Monday, and 18 of those people made their money in private equity.
Last year was a good year for PE – the strongest since the financial crisis, according to research firm Preqin. In June, PE and venture capital assets under management reached a new high of $3.8 trillion, Preqin found.
We've gone ahead and compiled a list of the biggest winners in the industry (classified by Forbes under "private equity" or, in Steve Schwarzman's case, "investments").
Respect.
Stephen Feinberg
Rank: 1415
Net-worth: $1.3 billion
Age: 54
Fund: Cerberus Capital Management
Source: Forbes
Jonathan Nelson
Rank: 894
Net-worth: $2.1 billion
Age: 58
Fund: Providence Equity Partners
Source: Forbes
Howard Marks
Rank: 894
Net-worth: $2.1 billion
Age: 68
Fund: Oaktree Capital Group LLC
Source: Forbes
See the rest of the story at Business Insider