Louis Bacon named as one of Long Island’s wealthiest in rich list

Hedge Fund manager Louis Bacon has been named among only four Long Islanders to make the annual Forbes list of wealthiest Americans.

After another successful year for Bacon’s Moore Capital Management LP, which made an impressive return of 13.5 for the first two quarters this year, the fund manager is now worth an estimated $1.4billion.

This means that Louis Bacon managed to increase his personal fortune by $100 million over the last twelve months and has been more active than ever in his environmental projects.

Recently his focus has been preserving Peconic Bay's Robins Island for which, the usually camera shy philanthropist, has been covered extensively in the media.

Another successful fund manager from Long Island was James Simons, an East Setauket resident whose hedge fund applies mathematical models to financial investing.

He is top of the Long Island rich list with a net worth of $12 billion. Simons, 75, came out at number 34 overall after his worth rose by $1 billion.

Cablevision's Charles Dolan (and family) was included on the list, as was investment banker Kenneth Langone.

A former Long Island resident, Ira Rennert, a bond trader renowned for his Sagaponack home, one of the largest in America, was still noted by

According to the report, the wealthiest people became even wealthier as the combined worth of the list exceeded the value of previous years.

Louis Bacon’s presence on the list is notable as he has spent more effort concerting and arranging his environmental work than he has in the past.

By using his wealth to benefit worthy causes, it means the growth in Louis Bacon’s wealth has a direct correlation with the amount of good work he can do in conservation.

Over the past few years, Bacon has been responsible for several of the largest conservation projects in the country as well as work carried out in the Bahamas.