Gabe Plotkin Biography

Gabe Plotkin is an American businessman who has recently gained widespread attention for a series of highly successful and high-profile partnerships. Despite this, Gabriel is a successful entrepreneur who has faced many challenges along the way.  He keeps an eye on the market all night and is in charge of billions of dollars worth of mutual funds. He formerly worked as a portfolio manager at SAC Capital and is now the company’s chief information officer and founder under the Melvin Capital banner.

Early Life

Gabriel was born in the 1980s and was raised in a Jewish household. The identities of Gabe Plotkin’s parents and siblings remain unknown. However, as soon as we learn any of the foregoing information, we will be sure to share it with you. Gabe attended a public elementary school in her hometown in the United States. In 2001, he graduated with a Bachelor of Science in Economics from Northwestern University. Gabe began working as a Trader for SAC Capital immediately following graduation.

Gabe Plotkin Career

After quitting SAC in the wake of the insider trading scandal in late 2014, Plotkin established Melvin Capital, calling it after his late grandpa, a successful local businessman. A sum close to $1 billion was collected thanks to his efforts. Melvin Capital earned 47% returns in its first full year of operation, placing it at #2 on Bloomberg’s 2015 list of the best-performing funds managing $1 billion or more.

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The fund’s 67% returns (pre-fees) in 2015 were driven mostly by its short positions. Among the most prominent short positions were wagered against the defunct retailers J.C. Penney Co. and SunEdison Inc. The portfolio gained 41% for the year 2017. Chewy.com, Amazon.com, Las Vegas Sands, Alibaba, and a short on GameStop were among the more prominent investments.

The Wall Street Journal reports that Melvin Capital Management LP was responsible for around one-third of the returns at Steve Cohen’s current hedge fund, Point72, in 2019. The company’s name appeared in the Polish Short Sale Registry in September 2020 due to a net short position of 0.55 percent in game producers CD Projekt through the Polish stock exchange (GPW). They benefited greatly from the difficulties experienced by Cyberpunk 2077’s initial release.

Controversy

Melvin has one of the highest fee structures in the hedge fund sector, charging investors a 2% yearly management fee plus up to 30% of its returns. Early in 2021, Melvin Capital lost more than 30% of its value due to short betting. One of the shorts that failed the company was GameStop.

Users in the WallStreetBets subreddit went long on the stock as reports of bankruptcy spread. Despite closing off its short stock position, the exact amount of money Melvin Capital lost in the transaction remains unknown. As of the end of January, Plotkin’s hedge fund had lost 53% of its value.

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Gabe Plotkin Biography

Real Name Gabriel Plotkin
Birth Date 1980s
Age (as of 2023) 40s 
Residence New York City, USA
Profession Businessman, Entrepreneur 
College Northwestern University
Qualification Graduate

Physical Statistics

Height in feet inches – 5’ 7” – in Centimeters – 170 cm
Weight in Kilograms – 75 kg  –  in Pounds –  165 lbs
Hair Color Dark Brown
Eye Color Dark Brown

Family

Father
Mother
Sister
Brother

Relationship Status

Marital Status Married
Who is his wife? Yaara Bank-Plotkin
Children One (Eytan Shmerel)

Personal Life

Gabriel Plotkin’s professional and personal life are both very active. Mr. Plotkin is happily married to Yaara Bank-Plotkin. She was born and raised in New York. In 2006, the pair tied the knot, and they’re still going strong. Eytan Shmerel is their son’s name. They both grew up on the East Coast.

Gabe Plotkin Net Worth

To put his net worth in perspective, American hedge fund manager Gabriel “Gabe” Plotkin is worth $400 million, making him an extremely wealthy businessman.  Many people’s fortunes have been built and lost in the high-stakes world of financial hedging.

Through Melvin Capital, his investments are worth roughly $12.5 billion. He also has around $20 million worth of shares in Bath & Body Works and an undetermined quantity of Amazon stock. He’s still got a thriving company.

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Trivia

  • Plotfin and his wife, Yaara, both have strong feelings for Israel. The Chabad Israel Center is one of its affiliations.
  • The couple enjoys some of their favorite activities with their son, such as sporting events and petting zoos, just like any other family, but they have a strong sense of community and are committed to doing what they can to support the Jewish community through their efforts in collaboration with Chabad.
  • Gabe received his bachelor’s degree in journalism from New York University.
  • He is a dedicated member of the Belev Echad Program.

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