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Inside the rise of billionaire Dan Sundheim: The LeBron James of investing whose hedge fund is dominating 2020

Published by Business Insider on Thu, 26 Nov 2020


<p><img src="https://static6.businessinsider.com/image/5f73adfb74fe5b0018a8e1fe-1833/daniel sundheim d1 capital profile 4x3.png" border="0" alt="daniel sundheim d1 capital profile 4x3" data-mce-source="Alastair Grant/AP Photo; Streeter Lecka/Getty Images; Brendan McDermid/Reuters; Scott Olson/Getty Images; Samantha Lee/Business Insider"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>The world has changed drastically in the two years since D1 Capital launched.</p><p>And <a href="https://www.businessinsider.com/dan-sundheim-profile-d1-viking-billionaire-net-worth-bio-performance-2020-10'r=d1-teaser">Dan Sundheim has made money through it all</a>, thanks to a string of bets that have emerged as <a href="https://www.businessinsider.com/lineage-logistics-new-cold-warehouse-deals-delivery-logistics-real-estate-2020-8'r=d1-teaser">winners in the new normal</a>. The Wharton grad now has at least $1 billion in personal wealth between his assets in his firm, stake in the NBA's Charlotte Hornets, real-estate portfolio, and art collection.</p><p>The former Viking Global Investors chief investment officer started trading at D1 in July 2018 with more than $5 billionincluding more than $500 million of his own moneyand hasn't looked back.</p><p>Business Insider earlier this month took a look at the rise of Sundheim, based on conversations with a dozen of his college classmates, coworkers, and people who've invested with him. They revealed a whip-smart, mild-mannered colleague who had early flashes of investing brilliance.</p><p>"I think of Dan like LeBron James. Whatever team he is on is going to be a contender because he makes everyone else around him so much better," one of Sundheim's former Viking colleagues told Business Insider.&nbsp;</p><h2><a href="https://www.businessinsider.com/dan-sundheim-profile-d1-viking-billionaire-net-worth-bio-performance-2020-10'r=d1-teaser" target="_blank" rel="noopener">SUBSCRIBE NOW TO READ THE FULL STORY: The rise of Dan Sundheim: How a Wharton whiz kid became the LeBron James of investing, launched one of the hottest hedge funds on earth, and minted a billion-dollar fortune in the process</a></h2><p><strong>SEE ALSO:&nbsp;<a href="https://www.businessinsider.com/billionaire-julian-robertsons-tiger-network-spans-hundreds-of-funds-2019-11'r=d1-teaser" >Julian Robertson's Tiger Management is at the center of a quarter-trillion-dollar web linking billionaires, the Pharma Bro, and a 'Big Short' main character</a></strong></p><p><strong>SEE ALSO:&nbsp;<a href="https://www.businessinsider.com/inside-story-on-billionaire-seth-klarmans-devoted-following-2020-4'r=d1-teaser" >Seth Klarman has a rabid following that's stuck with him through thick and thin. Here's why fans of the publicity-shy billionaire investor are so obsessed.</a></strong></p><p><strong>SEE ALSO:&nbsp;<a href="https://www.businessinsider.com/big-tenants-amazon-logistics-demand-cold-storage-spaces-grocery-delivery-2020-7'r=d1-teaser" >Real-estate developers are building costly cold storage space before they even have tenants lined up. They're betting the risky move could be a winning investment as grocery deliveries surge.</a></strong></p><p><a href="https://www.businessinsider.com/dan-sundheim-profile-d1-capital-net-worth-art-performance-assets-2020-10#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/racist-origins-marijuana-prohibition-legalization-2018-2">The racist origins of marijuana prohibition</a></p>
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