Michael Steinhardt earned a bachelor's degree at the Wharton School of the University of Pennsylvania, graduating in 1960.
22 Facts About Michael Steinhardt
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Michael Steinhardt's father was his first investment client, giving his son envelopes stuffed with cash to put in the stock market giving him seed money to begin his investment career.
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In 1967, using earnings from his investments, Michael Steinhardt founded the hedge fund Michael Steinhardt, Fine, and Berkowitz with co-investors William Salomon, former managing partner of Salomon Brothers and Jack Nash, founder of Odyssey Partners.
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Michael Steinhardt's firm made $600 million on the Treasury positions.
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In 2004, Michael Steinhardt came out of retirement to work for Index Development Partners, Inc.
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Michael Steinhardt is chairman of WisdomTree, which offers dividend and earnings-based index funds rather than traditional index funds based on market capitalization.
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Michael Steinhardt invested in baseball teams, owning part of the Miami Marlins and the Los Angeles Dodgers.
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Michael Steinhardt is the past chairman of the Democratic Leadership Council and a board member of the Foundation for Defense of Democracies, to which he donated $250,000 in 2002.
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Michael Steinhardt is chairman of the board at The Michael Steinhardt Foundation for Jewish Life and Taglit-Birthright Israel.
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Michael Steinhardt makes public appearances, speaking with young Jewish children through organizations such as Ezra USA and RAJE.
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Michael Steinhardt has been an active philanthropist, donating over $125 million to Jewish causes.
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In 2009, Michael Steinhardt gave the American Hebrew Academy $5 million.
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Michael Steinhardt has founded a network of Hebrew-language charter schools, which are secular and open to both Jews and non-Jews.
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Michael Steinhardt has said "these schools teach Hebrew in a way that is demonstrably superior to Jewish day schools".
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Michael Steinhardt is a strong supporter of the State of Israel, which he regards as the "Jewish miracle of the 20th century".
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Michael Steinhardt served as Chairman of the Board of Tel Aviv University, where he received an honorary doctorate in 2011, and endowed the Michael Steinhardt Museum of Natural History in Ramat Aviv.
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The second woman making allegations received a written apology from Michael Steinhardt, dated August 23,2011, acknowledging his inappropriate comments made toward her and two male colleagues at a meeting the year before.
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In December 2021, after a four-year multinational investigation examining his "acquisition, possession and sale of more than 1,000 antiquities since at least 1987", Michael Steinhardt reached an agreement with the New York County District Attorney to relinquish 180 items with an estimated value of $70 million, in exchange for the dismissal of a grand jury investigation into his collection.
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In 2007 Michael Steinhardt lent Israel Museum the "Heliodorus Stele", which he had recently acquired.
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In December 2021, the "Heliodorus Stele" was among the 180 artifacts Michael Steinhardt agreed to surrender to the Manhattan District Attorney's office.
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In 1967, Michael Steinhardt met his future wife, Judy, in a car pool he organized.
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In 2001, Michael Steinhardt published an autobiography: No Bull: My Life in and out of Markets.