Louis Bacon is a hedge fund manager, most notably the founder of Moore Capital Management. Bacon was born and raised in Raleigh, North Carolina and attended Middlebury College in Vermont where he earned his his Bachelor of Arts in American Literature. Shortly after, Bacon would receive his MBA degree in finance from Columbia Business School.
Bacon started trading commodities during his first three semesters in college. He had to borrow money from his parents in order to pay for typical student needs. He began turning profit in his fourth semester. After joining the sales and trading program at Bankers Trust and taking a job on the floor of the New York Cotton Exchange, Bacon joined Shearson Lehman Brothers as a broker and trader of financial futures. He eventually became the senior vice president of the futures trading division. From 2006 to 2010, Bacon saw his net worth rise as Forbes listed him as the 746th richest person in the world to 238th richest.