Investor and philanthropist
Michael H. Steinhardt is a legendary money manager turned philanthropist who is dedicated to creating a renaissance in American Jewish life.
After he graduated from the Wharton School of Business in 1960, Mr. Steinhardt began his financial career as a research associate, staff writer and securities analyst. In 1967 he formed his own hedge fund company, Steinhardt Partners L.P., where he made his fortune in one of the most spectacular careers in the history of Wall Street. Mr. Steinhardt has always believed that wealth and financial achievement alone are not sufficient to give full value and meaning to life. At the same time, he has felt growing alarm over the erosion of Jewish life in the Diaspora.
In 1995, Michael Steinhardt stunned the financial world by announcing that he would close his lucrative hedge fund to devote his time and fortune to the causes of the Jewish world. Mr. Steinhardt directs his Jewish philanthropic activities through The Steinhardt Foundation for Jewish Life which he chairs.
Mr. Steinhardt was the co-founder of Birthright Israel and continues to be a major supporter to this day. Mr. Steinhardt also serves as Co-Chair of the Areivim Philanthropic Group. In addition, Mr. Steinhardt supports the development of Hebrew Language Charter Schools, Hillel at the University of Pennsylvania, New York University’s Steinhardt School of Culture, Education, and Human Development, the University of Pennsylvania, Tel Aviv University, and the Israel Museum. In 2001, Mr. Steinhardt published his memoirs, No Bull: My Life In and Out of the Markets (John Wiley & Sons, 2001).
He and his wife, Judy, are the proud parents of David, Daniel and Sara, and the grandparents of Jacob, Joshua, Kira, Talia, Nathaniel, Theodore, Lila, Eli, Aetien, Aceena, Halean, Aaliyah, and Leo.