TOBY Cooperman is the wife of billionaire businessman, hedge fund manager and trader Leon Cooperman.
As of 2023 Toby and Leon — who reportedly invested in Manchester United in November 2023 — have been married for 59 years.
Who is Leon Cooperman's wife Toby?
Toby Cooperman 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, who was born and raised in the Bronx, New York, and her husband Leon, who both came from humble circumstances, attended Hunter College and graduated in 1964.
The pair met in French class and subsequently married the same year they finished.
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.
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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 donate to health research, Jewish community causes and research and school grants.
Do Leon and Toby Cooperman have children?
Leon and Toby have two sons together, Wayne and Michael, who have three children of their own between them.
Wayne Cooperman is the head of Cobalt Capital Management, while Michael Cooperman 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.
What is Leon Cooperman's net worth?
Leon Cooperman has a net worth of approximately $2.8billion dollars.
He currently serves as the chairman and CEO of Omega Advisors, a New York-based investment advisory firm managing over $3.3 billion in assets under management.
The money man, who was the first in his family to earn a degree, spent 25 years at Goldman Sachs before he started his own hedge fund, Omega Advisors, in 1991.
"I’m the first generation in my family born in America, first generation to go to college. All of my education is public-school-based,” Cooperman, 77, said in a CNBC interview in 2020.
In 2018, he converted Omega Advisors into a family office, claiming he didn't want to spend more time chasing the S&P 500 market index.
"The way to be successful is do what you love and love what you do," Cooperman told the outlet.
"I get paid normally a lot of money for basically doing something I enjoy doing. And what I enjoy is to hunt—finding something somebody else doesn't see, making a bet and having Mr. Market prove me right."
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His workers have spoken testament to Leon's work ethic.
"He's the James Brown of hedge funds — the hardest working man in the industry," said former employee Doug Kass, founder of hedge fund Seabreeze Partners Management said to CNBC.
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