Age, Biography and Wiki

James Chanos is an American investor and hedge fund manager. He is the founder and managing partner of Kynikos Associates, a New York-based hedge fund. He is known for his short selling of stocks, particularly those of Enron in the early 2000s. Chanos was born in Milwaukee, Wisconsin in 1957. He attended Yale University, where he earned a Bachelor of Arts degree in economics in 1979. He then attended Harvard Business School, where he earned a Master of Business Administration degree in 1983. Chanos began his career as an analyst at Gilford Securities in 1983. He then joined Deutsche Bank in 1985, where he worked as a research analyst. In 1985, he founded Kynikos Associates, a short-selling investment firm. Chanos is a member of the board of directors of the Institute for New Economic Thinking and the Coalition for Inclusive Capitalism. He is also a member of the Council on Foreign Relations. As of 2021, James Chanos's net worth is estimated to be $1.5 billion.

Popular As N/A
Occupation Investor
Age 66 years old
Zodiac Sign N/A
Born , 1957
Birthday
Birthplace Milwaukee, Wisconsin, U.S.
Nationality United States

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James Chanos Height, Weight & Measurements

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Who Is James Chanos's Wife?

His wife is Amy Chanos (m. ?–2006)

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Wife Amy Chanos (m. ?–2006)
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James Chanos Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is James Chanos worth at the age of 66 years old? James Chanos’s income source is mostly from being a successful . He is from United States. We have estimated James Chanos's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
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Timeline

2020

Chanos took and closed a short position on Luckin Coffee Inc. in 2020 on the advice of fellow short-seller Carson Block of Muddy Waters Research. The stock dropped 70% in April 2020 after the company disclosed in a securities filing that its chief operating officer had fabricated 2019 sales by about 2.2 billion yuan ($310 million). Chanos remarked on CNBC: “How many times do investors have to be burned in these companies that are just too good to be true? Growing 40% to 50% a year, with all kinds of odd transactions with affiliates.”

2017

Chanos has pulled back on going short on China since his initial predictions. In an interview during a forum event hosted by Schechter Wealth in December 2017, he said "in the past few years we're actually now [have] reduced our China short and our global fund to the lowest it's been".

2014

He describes his investment strategy as "intensive research into stocks", looking for fundamental failures in market valuation, from underestimated or unreported failings in the business or the market of a particular stock, followed by a substantial short position which he is willing to hold for quite a long time — perhaps an opposite echo to Warren Buffett's reputed "fundamentals+long stay" investment strategy. Some have said his commitment serves as more of a whistle-blower than most speculations, as in his heavy selling of such companies as Baldwin-United and Enron Corporation short.

2010

The Chinese real estate crash predicted in 2010 did not materialize and has caused financial media to question his investment wisdom. Bloomberg in a December 2017 article noted "Chanos has made wayward bets against U.S. stocks and China recently". The Financial Times in an October 2017 article used his "Dubai times 1,000" quote an example of one of the "dire prophecies" about China’s real estate market that did not come true, demonstrating the subject was "tricky for foreign investors and experts to grasp".

2009

Chanos is a long-time skeptic of the future of the Chinese economy. He became bearish after starting to study China in earnest in the summer of 2009. In September 2009 he went public with his pessimistic outlook on China. On CNBC Chanos said the Chinese miracle economy was "getting harder and harder to believe", predicting the country would head the way of the "old Soviet Union". In January 2010, the New York Times referenced Chanos making a prediction of an impending Chinese economic crash that would resemble "Dubai times 1,000 — or worse". Later on the Charlie Rose Show in April 2010 he maintained that China was on a "treadmill to hell" that would result in a crash caused by a "world class" property bubble.

2001

Chanos was a short seller of Enron throughout 2001, increasing his short position as more information surfaced. Kynikos profited from the trade. He gained notability as a short seller when he predicted the fall of Enron Corp. before it filed for bankruptcy in 2001.

1985

After working as an analyst in several firms, Chanos founded Kynikos (Greek for "cynic") in 1985 with $16 million, as a firm specializing in short selling. A critical position taken at Kynikos was his shorting of Enron.

1982

Chanos began his career at brokerage firm Gilford Securities in 1982. While at Gilford, he performed a cash-flow analysis and made a sell recommendation that ultimately exposed Baldwin-United, which filed for bankruptcy in 1983. Shortly thereafter, Chanos was recruited to Deutsche Bank, where he analyzed Michael Milken’s junk bonds and Drexel Burnham Lambert.

1957

James S. "Jim" Chanos (born December 24, 1957) is an American investment manager. He is president and founder of Kynikos Associates, a New York City registered investment advisor focused on short selling. A noted art collector, he appeared on the BBC Four documentary The Banker's Guide to Art.

James Steven Chanos was born in 1957 into a Greek immigrant family living in Milwaukee, Wisconsin that operated a chain of dry-cleaning shops. He graduated from Wylie E. Groves High School, and received a B.A. in Economics and Political Science from Yale University in 1980.