Chase Coleman III
Source of wealth: Investments
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Modules
Biography
Chase Coleman III started out as a hedge fund investor, but his Tiger Global Management has evolved into a broader investment firm.
Tiger Global Management oversees $50 billion in assets. Its venture capital arm is now its biggest unit.
Prior to starting Tiger Global in 2001, Coleman worked for hedge fund legend Julian Robertson.
His longtime partner Scott Shleifer joined Tiger Global in 2002 and cofounded its venture business, which he led until the start of 2024.
Tiger Global's hedge fund fell more than 50% in 2022 after an impressive first two decades. It rebounded 20% in 2023 and 2024.
Financial Assets
Financial assets information not available.
The Great Lie of Mega-Fortunes: The Case of Chase Coleman III
Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.
The immense fortune of Chase Coleman III, linked to Finance & Investments and 'Investments', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 50 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 3.2 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.