Michael F. Price (born July 3, 1951) is an American value investor and fund manager.
Price was born on July 3, 1951[2] to a Jewishfamily[3] in Glen Cove, New York.[2] His father ran a chain of clothing stores.[4] In 1973, he earned a B.A. from the University of Oklahoma.
In 1974, he accepted a job with Max Heine[4] at Mutual Series. In 1982, he became a full partner[5] and when Heine died in 1988, became the president and chairman. In 1995, with his mutual fund, he famously took a position in Chase Manhattan Bank of 11 million shares or 6.1% of their stock to force them "to sell divisions or take other actions" to find a buyer to elevate the value of their stock. Chase ultimately was sold to Chemical Banking Corp. on August 28, in a deal valued at more than $10 billion and 70% higher than his initial purchases.[6] In 1996, Mutual Series was merged into Franklin Templeton Investments. In 1998, Price stepped down from day-to-day fund management duties but continued as chairman of the company, and in 2001, he left the firm to begin his own fund company, MFP Partners, LP.
Net Worth:
Michael F. Price Net Worth: $100 Million
Michael F. Price's Income / Salary:
Per Year: $20 Million
Per Month: $2 Million
Per Week: $500,000
| Per Day: | Per Hour: | Per Minute: | Per Second: |
| $70,000 | $3,000 | $50 | $1.00 |
Since you arrived on this page at , Michael F. Price Earned:
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