Phil Falcone Net Worth - Pulptastic
Phil Falcone Net Worth
Phil Falcone, an American businessman, has a net worth of $1.1 billion. He studied Economics at Harvard University and played professional hockey in Sweden before starting his career at Kidder, Peabody & Co. He founded Harbinger Capital in 2001 and made numerous investments in different companies and institutions.
Falcone’s investments also included the Minnesota Wild hockey team and telecommunications company Lightsquared. However, the project was rejected due to interference with GPS signals.
In 2012, Falcone and Harbinger Capital were charged with fraud by the U.S. Securities and Exchange Commission. In 2013, he settled the charges by agreeing to pay $11.5 million of his own money after admitting to breaking the law.
Falcone is married with two children and lives in New York City. His wife is also involved in philanthropic causes such as the American Museum of Natural History and the New York City Ballet.
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