American billionaire investor Leon Cooperman has been married to his wife Toby since 1964 and the couple has two kids. Details about his family explored.
Leon Cooperman, the former hedge fund manager, has reportedly bought just under one million shares in Manchester United.
Bloomberg have reported that the shares purchased by Cooperman are worth £13.5m.
The shock news of Cooperman’s investment comes as Sir Jim Ratcliffe’s deal to take over 25 percent of the club for £1.3bn is nearing completion.
The Man U investor has been married for over 5 decades to his wife, Toby Cooperman, and the duo shares two sons together. Here’s everything we know about the businessman’s wife and kids.
Who is Leon Cooperman married to?
Leon Cooperman has been married once in his life to his longtime spouse Toby Cooperman.
Leon and Toby got married in 1964 when he was at the age of 21.
Toby and Leon, who are both from the Bronx, U.S., attended Hunter College and graduated in 1964.
The pair met in French class and subsequently married the same year they finished.
They’ve been married for 59 years and are even parents of two.
Who is Toby Cooperman?
While Leon is a businessman, Toby Cooperman has a background in academia.
Toby is a retired special education specialist and has had a lifelong interest in helping those with learning disabilities.
For more than 20 years, she worked at the Early Childhood Learning Center, a school for special education students in Chatham, New Jersey.
She has worked to establish a special needs department at the Leon and Toby Cooperman Jewish Community Center of MetroWest New Jersey.
She also served on the Board of JFS and the Federation Board of UJA of South Palm Beach County.
Toby and Leon are philanthropists, regularly donating to charitable causes and institutions they support.
In 2011 the couple donated $25million to Hunter College — the largest donation the educational institution has ever received.
At the time Hunter president Jennifer Raab said: “With the Coopermans’ gift, the library — which will cost a total of $45 million — is now only $9 million short of its goal.”
They regarded their gift as “a way to celebrate both their 50th wedding anniversary and their 50th Hunter reunion.”
The couple also donates to health research, Jewish community causes, and research and school grants.
Do Leon and Toby Cooperman have children?
For their almost 60 years of marriage, businessman Leon and his educationist spouse Toby are parents of two.
They have two children – all sons whose names are Wayne Cooperman and Michael Cooperman.
The pair’s sons are all adults and have thriving careers.
They are married and have three children of their own between them.
Who is Wayne Cooperman? Toby and Leon’s first son, Wayne, is the head of Cobalt Capital Management,
Who is Michael Cooperman? Leon and Toby’s second son, Michael, is an officer at the Leon and Toby Cooperman Family Foundation.
In 2016, it was reported that the Cooperman’s son Wayne allegedly triggered a Securities and Exchange investigation against his father, wrote the New York Post.
Leon, who heads up Omega Advisors, was accused of trading Atlas Pipeline in 2010 based on insider information.
A “family member,” who also runs a hedge fund and traded Atlas stock, noticed suspicious activity in the company’s options before the deal was announced.
An accusatory email, allegedly sent by Wayne, was fired off to Atlas demanding an investigation into the matter.
“Also would like to make sure that the sec [sic] looks into the shady option trades and volume in apl [sic] last 2 weeks or so in front of this deal[.] How do I become a whistle blower[?],” they said at the time.
Since the late 1970s, Cooperman has been a resident of the Short Hills neighborhood of Millburn, New Jersey, but he spends the majority of his time in Boca Raton, Florida.
Who is Leon Cooperman? He has an impressive career and net worth
Leon G. Cooperman was born on April 25, 1943, in New York, New York, United States.
The 80-year-old investor made a career managing hedge funds and trading stocks — he was voted the number one portfolio strategist in the Institutional Investor for nine years.
He was the first in his family to earn a college degree, later receiving his MBA from Columbia Business School in 1967.
Cooperman worked for 22 years at Goldman Sachs in the Investment Research Department.
He held the title of partner-in-charge, co-chairman of the Investment Policy Committee, and chairman of the Stock Selection Committee while there.
In 1989 he was named chairman and chief executive officer of Goldman Sachs Asset Management.
Cooperman retired from Goldman Sachs two years later and organized a private investment partnership — Omega Advisors, Inc.
According to Bloomberg, in November 2023 the former hedge fund manager bought just shy of a million shares in Manchester United.
Leon’s shares are understood to be valued at around $16.8million (£13.5million).
Leon Cooperman is one of the wealthiest investors in the world. As of right now, he has an estimated current net worth of approximately 2.8 billion dollars, per Forbes.
The publication pegs him as the 1113th richest person in the world as of 2023.