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Bill Hwang had been eyeing $100B club before blow up: sources

Mount Equity Group Tokyo Japan > News > Business > Bill Hwang had been eyeing $100B club before blow up: sources

Before he was known as the guy behind billions in losses on Wall Street, Bill Hwang had been aiming to join the rarified air of Jeff Bezos and Bill Gates by becoming a member of the $100 billion dollar club, sources said.

Prior to the collapse of his family office, Archegos Capital, in March, Hwang had increased his personal wealth from around $200 million in 2013 to more than $20 billion. That’s a 4,900 percent increase in less than 8 years.

Given the pace at which Hwang was building his personal wealth, talk around the office at Archegos Capital, including from Hwang himself, was that the Julian Robertson protégé was well on his way to making the leap from $10 billion club to $100 billion club in two to three more years, sources said.

Boss of luxury-goods outfit LVMH, Bernard Arnault is part of the $100 billion “club.”AFP via Getty Images

Doing so would represent just a 900 percent increase in wealth, said a source who added that Hwang’s epic rise had staffers believing he could easily become one of the 10 wealthiest people on the planet.

In a statement to The Post, an Archegos spokesperson said, “Bill