Daniel Och is the Chairman and Chief Executive Officer of Och-Ziff Capital Management Group, a global hedge fund and alternative asset management firm.
As of March 5, 2008, Och's net worth was $3.6 billion, the 296th on The World's Billionaires list published by Forbes.[1] Receiving $918,939,482 total compensation in 2008, he was the highest paid executive on The Globe Opinion's executive compensation list in 2008.[2]
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In 1982, Och began his career at Goldman Sachs in the Risk Arbitrage Department. He was later the Head of Proprietary Trading in the Equities Division and Co-Head of U.S. Equities Trading. He worked at Goldman Sachs for 11 years.[3]
In 1994, Och founded Och-Ziff Capital Management Group with $100 million initial investment from Ziff brothers.[1] Och-Ziff completed an initial public offering in 2007, listing its shares on the New York Stock Exchange initially at a price of $32.00. The company's stock has declined significantly since the IPO, reaching its year-to-date low of $3.98 on November 20, 2008.[4]
Och is also sits on the board of Endeavor.
Och attended the Solomon Schechter Day School of Essex and Union, and recently donated 15 million dollars to the school. Och has a B.S. in Economics with a concentration in Finance from the Wharton School of the University of Pennsylvania.[3]
Och is married with three children. He is the Vice Chair of Robin Hood Foundation, a charitable organization fighting poverty in New York City.[5]
Och's personal interests include philanthropy, skiing, and history.[6]
In 2008, Och donated $28,500 to Democratic Senatorial Campaign Committee.[7]