The former CIO of Harding Loevner, Simon Hallett, is known for his impressive years of track record in managing global equities. Simon Hallett’s net worth is something we will cover in the article today. Firstly, we will talk about Who Simon Hallett is. Secondly, in the article, we will talk about his career. Finally, in the end, we will talk about Simon Hallett’s net worth.
Simon Hallett is a well-established America-based businessman. He is the head of the European Endowment & Foundation Practice and the partner at Cambridge Associates. Simon has been in the industry for around 30 years now. Primarily, the businessman works in the investment business. Hallett has over 30 years of investment experience, including governance and policy development. Also, he is an expert in asset allocation and manager selection, and management of listed equities portfolios.
Simon Hallett was born in a town outside Bristol. He resided in the town till the age of five, and then his family moved to South London. Again in 1996, his family relocated to Plymouth. Simon Hallett’s father was mechanical engineering. Hallett has done his graduation from Plymouth college and was also granted a local scholarship. However, we are here to find out about Simon Hallett’s net worth. Let’s delve into the life of the businessman and find out how rich he is in 2021.
How he reaches fame?
Before talking about Simon Hallett’s net worth, let’s talk about his career. Simon Hallett started working after the completion of his graduation. He started his journey from Midland Bank. Well!! He is known for traveling all across the world. Hallett moved to Hong Kong in 1988 along with his wife for his business. Even his daughters were born there.
The biggest knock to his career was when he met David Loevner. David is the founder of Harding Loevner, which was shortly joined by Simon. Then in 1991, his family moved to New Jersey. Hallett joined Argyle’s board of directors back in the year 2016 after a £500,000 investment. He later became vice-chairman of the company. Additionally, he is serving as the head of the European Endowment & Foundation Practice.
Apart from business, Simon has a very keen interest in sports. He has been an active squish player for nearly five decades. In his spare time, he loves to go fishing and also loves to play football. Further, in the article, we will talk about Simon Hallett’s net worth.
What is Simon Hallett’s Net Worth?
The businessman has surely garnered enormous wealth in his 30 years career. Simon Hallett’s net worth is not confirmed yet. However, reportedly he has a net worth of around $80 million. Undoubtedly, the major source of his income is his business and also his career as an adversary body. The total cash at bank value for all enterprises where Simon Hallett has a current appointment is £6.8 million. Also, he is said to have a total current asset value of £7.6 million, total current liabilities of £4 million, and a total current net worth of £15.2 million.
In 2017, Simon Hallett donated £4.1 million to the club to assist fund the construction of a new grandstand at Home Park. Simon has upped his interest in the League Two team to 41.9 percent. With that, he is the club’s second-largest shareholder after owner and chairman James Brent. Simon wants to ensure the club’s future is secure long after he is no longer involved with it. That is why he was willing to convert a £4.1 million, 30-year loan into equity, increasing his Argyle stake to 97%. By doing so, he has successfully paid off the club’s debts.
As Simon Hallett converted his loan into stock, he effectively underwrote the whole cost of the Mayflower Grandstand reconstruction. That is approaching completion. Also, the Green Army has praised and thanked Hallett for his latest display of support for Argyle, describing him as “the best chairman we have ever had.” Well!! Talking about the place where the businessman rests his cap, it’s Pennsylvania. Simon lives in Pennsylvania along with his wife and three daughters in a lavish, luxurious house.