Institutional Investor Unveils 25th Annual Rich List

Top 25 hedge fund managers earned record $36.6 billion in 2025

Mar. 27, 2026 at 12:39pm

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Institutional Investor, a leading finance and investment news publisher, has released its 25th annual Rich List - the definitive global ranking of the 25 highest-earning hedge fund managers of 2025. Topping the list is Chris Hohn of TCI Fund Management, who earned a record $4.9 billion, while the top 25 managers collectively pulled in over $36.6 billion, breaking the previous record of $31.7 billion set in 2020.

Why it matters

The Institutional Investor Rich List is an important barometer of successful fund management, providing insights into the industry's top performers and trends. The record-breaking earnings underscore the immense wealth and influence of the world's top hedge fund managers, who have continued to thrive even in challenging economic conditions.

The details

Chris Hohn's TCI Fund Management was up 27.8% in 2025 and currently manages over $77 billion. This is the second time in three years that Hohn has topped the Rich List ranking. To qualify for the 2025 list, a manager must have earned at least $470 million, with the ranking highlighting the power of compounding as managers with more personal capital invested in their own funds tend to be the highest earners.

  • The 25th annual Institutional Investor Rich List was released on March 27, 2026.

The players

Chris Hohn

Founder and manager of TCI Fund Management, which topped the 2025 Rich List with Hohn earning a record $4.9 billion.

Rip Reeves

CEO of Institutional Investor, the publisher that releases the annual Rich List ranking.

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What they’re saying

“As the leading voice for the investment community, our priority is keeping our finger on the pulse of the industry. The Rich List is an important barometer of successful fund management, what is working and what it signals for the future, and we acknowledge the extraordinary achievements of these managers.”

— Rip Reeves, CEO, Institutional Investor

The takeaway

The Institutional Investor Rich List highlights the immense wealth and influence of the world's top hedge fund managers, who have continued to thrive even in challenging economic conditions. The record-breaking earnings underscore the power of compounding and the importance of personal capital invested in successful funds.