gabriel plotkin family

Why Aren't Donated Clothes Always Given Away for Free? Plotkin founded Melvin Capital, after leaving SAC during the insider trading blowup, in late 2014, naming the fund after his late grandfather who was a small-business owner. Plotkin's firm, Melvin Capital, lost roughly 30% of its assets in stock-shorting bets, including video game retailer GameStop, according to the Wall Street Journal. This organization is required to file an IRS Form 990-PF. 09/07/2021 Need the ability to download nonprofit data and more advanced search options? Gabriel Plotkin - Forbes Total revenues. Market Realist is a registered trademark. Plotkin founded Melvin Capital in 2014. At the end of Q1 2021, Melvin reported losses of 49%. The stock would rise another 13 percent before peaking on February 9. Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. ProPublica posts new tax forms as they are released by the IRS. SAC was fully shuttered in 2016. Cart ID: Not Assigned, Copyright 2023 | EIN 13-4148824 | Bridge ID 3108588923, Total Revenue and Expenses - No Data Available, Salary of Key Persons - No Data Available, IRS Published Data (Business Master File) - Data Available, Data Sources (IRS Forms 990) - Data Available, How to Donate Food and Prevent Food Waste. According to Forbes, Plotkin earned about $300 million in compensation in 2017, making him the 20th highest-paid hedge fund manager that year. The acquisition valued the Hornets at $1.5 billion. The company's current valuation is $8 billion, reports Daily Mail . The Form 990 is a document that nonprofit organizations file with the IRS annually. He has received a great deal of attention in the recent wake of the GameStop investment debacle that resulted in billions of dollars in debt for hedgers shorting the stock. Through the end of January 2021, the fund was down 53%, according to The Wall Street Journal. Others have sent me equally profane and racist texts. By 2018 the fund's assets under management had ballooned to $3.5 billion. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/MediaBox[0 0 612 792]/Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The total assets subtleties and the subtleties of Yaara Bank-Plotkins compensation and profit are kept hidden. What's Gabe Plotkin's Net Worth as Melvin Capital Shutters? This data is only available if this charity has at least one year of electronically-filed Form 990 data filed within the last six years. endobj x\[oH~Bl^,>&%q#,LlYlR.<9b5IVyqr#%c.gx/|+;\Yg;n60-kx[_w8bw O';Xl^W)q&b'2iu];s}7vX76G18:6;G_>#v>;.o8~}~^#;T/3sgxq_U'',LV}AVu_Yptr$;y|jS%ncxN{-y/NGFHjp8Ujx3gqKg ,aNuc79Dch#1) 2 0 obj proceeded to return all outside capital and established a family office . What exactly is (natural or artificial) intelligence? Copyright 2021 Pro Publica Inc. These included GameStop, AMC Networks, Cryoport, First Majestic Silver, GSX Techedu, and Simon Property Group. The acquisition valued the Hornets at $1.5 billion. A lot of these messages were full of anti-Semitic slurs directed at me and others, Plotkin said in his testimony. Gabe Plotkin Net Worth:GabrielGabePlotkinis an American hedge fund manager who has anet worthof $400 million. Gabriel Plotkin runs Melvin Capital Management, a hedge fund firm with $3.5 billion under management. Just two of the stocks prices did not move in a meaningful manner. The firm, which is named after Gabe's grandfather, quickly raised $1 billion in capital. Access lists of funders based on detailed search criteria and other features such as: Copyright 2023 Candid. (BMF affiliation code: 3). Gabriel Plotkin - Melvin capital worth, Wife, Age - RoseWe Store We have great confidence in Gabe and his team," Ken Griffin, founder and CEO of Citadel, said in a statement. The Highland Project, one of eight organizations in New Profits first Economic Mobility Cohort, is building and co-powering a coalition of Black women leaders focused on addressing the racial wealth gap by driving bold, structural change for Black communities. The common stock of Ligand Pharmaceuticals, Melvins second-largest put position among this new group, nearly doubled for the month through January 28. Click here to resend it.). The two stocks for which Melvin held puts that didnt move much at price during January were Trinity Industries and WW International. He graduated from Northwestern University with an Economics degree in 2001. Melvin did not return a call seeking comment. Extracted financial data is not available for this tax period, but Form 990 documents are available for download. He had previously been one of the most prominent. Tallwoods Capital is a Miami Beach-based family office that focuses on long-term investments. Terms of $2800/month total (Arielle Oct Update) | DS408 | Doug.Show, Keep your friends close and your enemies closer, How to make great makeup for the first date in 2022, Umbrella Wholesale Business Start-Up Advice, The Top 10 Garden Accessories to Wholesale, The Art of Electric Shaving: 5 Tips and Tricks for a Smooth Shave, 3 Ways Bad Weather Can Affect Package Shipping & Delivery. Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Melvin Capital CEO Gabriel Plotkin delivers his opening statement. In his testimonypublished online by The Washington PostPlotkin admitted that he was far removed from his background growing up in a middle-class family in Portland, Maine, and going to public high school. This was a serious crime. BERDON LLP 360 MADISON AVENUEMiami Beach FL 10017-0000, Miami BeachFL | IRS ruling year: 2014 | EIN: 46-4294852. The IRS Form 990 is an annual information return that most organizations claiming federal tax-exempt status must file yearly. $400 Million. 3 0 obj Location 345 Park Ave New York City, NY 10154-0004 United States. Both are natives of the East Coast. There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. 2020. Six of those eight companies common stocks surged in price in January. According to Chabdic, Mr. Plotfin and his wife both Yaara are both passionate about the land of Israel. to try again. The 10 Richest Hedge Fund Managers In The World Today. Melvin, launched in 2014, surged by more than 46 percent in 2019 and 52 percent in 2020. We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. Yaara had petitioned for the separation, and the explanation was hopeless contrasts between the two. Rating histories are available for a growing number of rated organizations. Copyright 2023 Market Realist. Telephone: 2128320400 At the center of last months GameStop frenzy, the head of the hedge fund said Redditors targeted him with anti-Semitic slurs and text messages. f K6(@?rnPqi=+U$f%rlb9rX?Na_]}Yxi[#5NYc6yEXs[v#8%(D>H1-&-3up4V}K!J%n Founder and CEO of Melvin Capital (from 2014-2022) Net worth: $400 million (estimated) Before Melvin Capital, Plotkin worked at SAC Capital under Steve Cohen. SAC Capital: At SAC Capital he managed a fund of consumer stocks worth $1.3 billion. Please refresh the page The Foundation is supported by Plotkin Family 2016 Grantor Clat. In 2015, he made his directorial debut with Paranormal Activity: The Ghost Dimension. He filed plans with the city which showed plans to raze one of the properties and replace with a tennis court and gardens. The redditers banded together to perform a short squeeze, where the price of the stock is sent rocketing upward, causing the short sellers to lose massive amounts of money very quickly. Plotkin is still reported to have a net worth of about $300 million, which qualifies him as a very rich man. After college he went to work at the hedge fund Citadel LLC. The subreddit users of WallStreetBets took the long position on the stock and rumors of bankruptcy began to circulate. In January, Ken Griffins Citadel and Steve Cohens Point72 invested $2.75 billion in Melvin in exchange for non-controlling revenue shares of the fund. We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. Gabriel Plotkin Profiles | Facebook ProPublica posts new tax forms as they are released by the IRS. He currently serves as the Chief Investment Officer of the hedge fund that he established. On January 27 Bloomberg News reported that losses had continued past the 30% reported on January 24 by the WSJ although their sources would not give a specific number as to not upset CIO Gabe Plotkin. In 2017, its first full year in operation, Melvin generated a 47% return on assets, which made it the second-best performing hedge fund in the world (among hedge funds with more than $1 billion in assets under management). This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly. Read the IRS instructions for 990 forms. $5,131,925. Yaara Bank-Plotkin is the spouse of Gabriel or Gabe Plotkin. Gabe Plotkin's Net Worth: How His Hedge Fund Strategy Led to Massive The Plotkin family name was found in the USA, and Canada between 1911 and 1920. 2020. Gabriel and Yaara Plotkin Family Foundation | New York, NY | Cause IQ Gabeis best-known for being the founder of Melvin Capital Management which had a public spat with a community of redditers in 2021 over the company GameStop. According to the Wall Street Journal, Melvin Capital lost 53% on its investments in January 2021 alone. Melvin Capital head, a Hornets owner, battered in stock swing Gabe's company was worth $12.5 billion before suffering a huge loss. Plotkin mostly trades consumer stocks and in 2017 Melvin Capital posted returns of 41% net of fees. GABRIEL AND YAARA PLOTKIN FAMILY FOUNDATION NEW YORK, NY 10019 EIN: 46-4942784 This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data. Gabe received his bachelor's degree in economics from Northwestern University. The fund had also repositioned its portfolio according to the source. In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. For those interested in acquiring the original data from the source, heres where our data comes from: Enter a nonprofit's name, a keyword, or city, https://projects.propublica.org/nonprofits. The couple married in 2006 and are still together. The hedge fund is getting a boost from Citadel LLC and Point72 Asset Management, however. Gabriel Plotkin Melvin capital worth Wife Age. Read the API documentation . Your donation attempt encountered a problem. Organizations making less than $50,000 dont have to file either form but do have to let the IRS theyre still in business via a Form 990N "e-Postcard.". Submit a correction suggestion and help us fix it! EIN 46-4942784 . How Gabe Plotkin (Gamestop & Melvin Capital) Lost Billions His compensation after that years performance was $300 million. During his time at SAC Capital, Plotkin was the recipient of illegal insider information according to federal prosecutors. Gregory Plotkin - Wikipedia Tradewater. Gabe Plotkin is the CIO of Melvin Capital. Mr. Plotkin is married to Yaara Bank-Plotkin. It is now our job to earn it back, he said. Plotkin was allegedly forwarded several emails by Steinberg and others that contained insider information. Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Michael Jordan's ownership stake in the NBA's Charlotte Hornets. On top of that, he holds shares in Amazon of an undisclosed amount and about $20 million in Bath and Body Works. Please check your inbox in order to proceed. Analyze a variety of pre-calculated financial metrics Access beautifully interactive analysis and comparison tools Gabriel Plotkin Melvin capital worth, Wife, Age, on Gabriel Plotkin Melvin capital worth, Wife, Age. Melvin Capital Management founder Gabe Plotkin, a major short-seller of GameStop, is proposing to knock down one of the Miami Beach homes he purchased last year and expand his waterfront. Sign in or create an account to view Form(s) 990 for 2019 and 2018. You will not find Mr. Plotkin on social media. All Rights Reserved. Small organizations filing a Form 990N "e-Postcard" are not included in this data. Tallwoods Capital is a Miami Beach-based family office that focuses on long-term investments. Fearless Fund invests $1.34 million into Bitsys, the mom-owned clean food and beverage brand co-founded by actress and activist Gabrielle Union. 10 Things You Didn't Know About Gabriel Plotkin - Money Inc Gabes organization was valued at $12.5 billion preceding enduring a tremendous misfortune. (W99). This data release includes only a subset of what can be found in the full Form 990s. Plotkin Name Meaning & Plotkin Family History at Ancestry.com A GuideStar Pro report containing the following information is available for this organization: This information is only available for subscribers and in Premium reports. The rumors of bankruptcy were found to be untrue. Read the API documentation . Both are natives of the East Coast. 4 0 obj Copyright 2021 Pro Publica Inc. Testimony of Gabriel Plotkin, Founder and Chief Investment Officer, Melvin Capital Management Chairwoman Waters, Ranking Member McHenry, and Members of the Committee, I would like . Yaaras Twitter bio isnt accessible as she isnt dynamic on any online media stages, for example, Instagram, Twitter, Facebook, and TikTok. He currently serves as the Chief Investment Officer of the hedge fund that he established. Gabe Plotkin Net Worth: Gabriel "Gabe" Plotkin is an American hedge fund manager who has a net worth of $400 million. He started his career under Ken . If this organization has filed an amended return, it may not be reflected in the data below. GameStop: In early 2021, members of the subreddit r/wallstreetbets built a groundswell of criticism aimed at fund managers like Plotkin who aggressively shorted the stock of struggling companies. July 28, 2021 In 2017, the fund finished up 41%. Privacy |Financials |Contact Us| Careers| Accessibility Statement, MissionHistoryBoardStaffFinancialsAnnual ReportFAQ, Family SupportPartner SchoolsSuccess StoriesFAQs for FamiliesEnroll a StudentScholar Resources. Facebook gives people the power. His compensation after that year's performance was $300 million. And while I do not think that anyone could have anticipated these events, I have learned much from them, and I am taking steps to protect our investors from anything like this happening in the future.. The organizations present valuation is $8 billion, reports Daily Mail. From https://projects.propublica.org/nonprofits. Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats. <> Duplicated download links may be due to resubmissions or amendments to an organization's original return. Gabe has been married to Yara Bank-Plotkin since 2006. According to Wikipedia, Gabriel Plotkin is a college graduate. Gabriel and Yaara Plotkin Family Foundation Chicago. Mr. Plotkin is married to Yaara Bank-Plotkin. Fearless Fund Invests $1.34 Million Into Gabrielle Unionss Bitsys, Heron Preston Taps Gabriel Moses In Defining His Language Of Workwear, The Gabrielle Chanel Parfum Is Newly Unveiled, GameStop Short Seller Says Reddit Trolls Targeted Him With Anti-Semitic Harassment, The Highest-Earning Hedge Fund Managers And Traders, Highest-Earning Hedge Fund Managers & Traders 2019, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. In November 2020, Gabe paid a total of $44 million for two adjacent homes in North Bay Road in Miami, Florida. 5 min read. Gabriel and Yaara got married in the year 2006. At SAC Capital he managed a fund of consumer stocks worth $1.3 billion. Michael Jordan/Hornets Investment: In 2019, Gabe and another hedge fund manager bought a portion of Michael Jordans ownership stake in the NBAs Charlotte Hornets. If you have used our data or site in your research or reporting, add credit and a link to Nonprofit Explorer in your story or publication and let us know. Melvin Capital's Gabriel Plotkin has been in the news quite a bit recently after his hedge fund may have posted a loss in the billions in the stock market shorting GameStop. }p . This organization has not yet reported any program information. Plotkin discussed the GameStop drama before the U.S. House of Representatives Committee of Finance Services on Thursday, Feb. 18. Gabriel and Yaara Plotkin Family Foundation cannot currently be evaluated by our Leadership & Adaptability methodology because we have not received data from the charity regarding its leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes.Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization. David F. Kurd is the firms COO. Prior to starting Melvin Capital, Plotkin was a trader at Steve Cohens SAC Capital, where he managed a portfolio of mostly consumer stocks valued at about $1.3 billion. He was in charge of managing a portfolio of consumer stocks. From https://projects.propublica.org/nonprofits. After Melvin Capital faced a huge loss, there are rumors that Yarra filed a divorce from her husband, Gabe. By the vibes of her photos, Bank-Plotkin is by all accounts in her late 30s. People may receive compensation for some links to products and services on this website. Gabriel and YAARA Plotkin Family Foundation lock Unlock financial insights by subscribing to our monthly plan. [30] Plotkin purchased a minority interest in the Charlotte Hornets in 2019 from Michael Jordan. * Officer compensation may be included in charitable disbursements, so values may add up to greater than 100%. Notwithstanding, neither Yaara Bank-Plotkin nor Gabriel Plotkin has affirmed or denied the gossip about their separation. Northwestern UniversityAfter graduating from Northwestern University with a degree in Economics in 2001,Gabriel Plotkinjoined Ken Griffins hedge fund Citadel LLC, and later Connecticut-based hedge fund North Sound Capital.

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