What is the Jason Ader Net Worth?
You’re here because you want to know more about Jason Ader’s net worth. This businessman is the founder and CEO of SpringOwl Asset Management and a Senior Managing Director at Bear Stearns & Co. In addition to being an investment advisor, he’s a director of Las Vegas Sands Corp., where his net worth is estimated at $7 million. In this article, we’ll cover Jason’s full name, his occupation, his dates of birth, and his nationality.
Jason Ader is a Senior Managing director at Bear Stearns & Co.
Ader was the youngest Senior Managing director in Bear Stearns & Co’s history in 1995. For nine consecutive years, Institutional Investor Magazine ranked Ader as a top analyst. He was a well-known expert in motorsports. He authored the 134-page “An Investor’s guide to auto racing” and appeared on television shows like Bloomberg, CNBC, Fox Business, and Fox Business. Jason is the son a financial planner. He lives in New York City.
Ader, a senior managing director at Bear Stearns was against the initial proposal of the firm to fund his company via a seed financing round. Ader had previously sought funding to fund a startup with high growth potential. But after a few days, he realized that the firm’s initial proposal to him was too small, and that the company’s valuation was too high for him to proceed without additional funding.
Ader is a Senior Managing director and has contributed his expertise to many companies in his field. Aside from his current position at Ader Investment Management, he is also a director of Western Liberty Bancorp, a bank holding company of Service1st Bank of America. He also serves as a chairman of the board of India Hospitality Corp., which owns catering and flight businesses. In April 2009, Ader was appointed to the board of Las Vegas Sands Corp., which has properties in Macau.
Ader is also involved in other industries such as gaming, lodging and internet travel. He is a frequent speaker at industry conferences. His frank exchanges with industry executives make him a valuable source of information. During the American Gaming Lodging and Leisure Summit, Ader will share his thoughts on these industries and more. He will also share his expertise in panel discussions and other venues, as well.
Ader and his partners selected Bear Stearns to be the seeding partner of the company despite other offers. Their actions were based on false representations, and the companies were not able to provide the promised assistance. As a result, they wasted time and resources trying to find alternative seeding firms for their companies. By relying on false representations by Bear Stearns, Ader and his team are now facing a lawsuit in California federal court.
He is a portfolio manager at Hayground Cove Capital Management
The founder of Hayground Cove Capital Management, Jason Ader has been in the investment business for over 20 years. He started as an analyst for Baron Capital, worked his way up to Smith Barney and eventually joined Bear Stearns. He was a respected analyst in the industry during his time at Bear Stearns. He also holds a New York University economics degree and a NYU Stern School of Business M.B.A.
In his initial role, Mr. Ader was a portfolio manager at Bear Stearns & Co. where he focused on deep-value equities. During the last five years, he also served as a research assistant for Mr. Ader at Bear Stearns & Co. In 2007, Mr. Ader was resigned as portfolio manager. His investment decisions have been criticized by analysts, but Ader has been successful since joining the firm.
Ader believes in research, and he is excited about the Indian hospitality industry. Hayground Cove’s IHC fund’s board includes hospitality and real estate experts. The most recent acquisition of the fund was Mars Restaurant and SkyGourmet Catering, both from Navis Capital Partners (a Malaysian private equity company). The fund was co-founded by Samir Kuckreja (Nirula’s chief executive Officer).
Bear Stearns shifted its focus to convincing Ader to accept seed funding from Hayground Cove. The firm promised marketing support, institutional clients, and full “cap in” support. In exchange, Ader received equity. While Ader did not receive full compensation, he was able to secure a small minority stake in a large company. This was the right decision for the company.
He is the founder of SpringOwl Asset Management and its CEO.
Jason Ader is the CEO and founder of SpringOwl Asset Management, which was founded in 2013. Prior to this, he held various positions with other investment firms, including as an independent director at Las Vegas Sands from 2009 to 2016. Ader has extensive experience in the gaming industry and has held executive positions with IGT, Bwin, and The Stars Group. He was also instrumental in the creation of Flutter Entertainment and helped push for the acquisition Playtech, which was just acquired by DraftKings.
Ader was a key figure in the ouster of Viacom’s former CEO this year. His three-year-old company plans to invest in technology, financial, and consumer companies. Currently, the company invests $140 million in managed accounts for wealthy families. He hopes to earn 20 percent to 40% a year for his clients, far exceeding the 5.6 percent average for activist funds.
Previously, Ader was an analyst at Bear Stearns. In 2013, he co-founded SpringOwl Asset Management in New York. He is a big believer in the value of cryptocurrencies. Ader’s recent investment at Okada Manila, which is a 20-hectare waterfront property in Entertainment City, was a huge success. Entertainment City saw a 24% increase in revenue between 2013 and 2019, which has now reached $3.3 billion.
Viacom shares fell 30% over the past three years. Viacom is one of his stocks. Viacom owns Paramount Pictures movie studio and specialty channels such as BET and Comedy Central. SpringOwl has not revealed how much of Viacom he owns, but he does own a significant amount of the company’s stock.
He is an independent director at Las Vegas Sands Corp.
Jason N. Ader, an Independent Director at Las Vegas Sands Corporation, is Jason N. Ader. He was formerly the Chief Executive Officer of Ader Investment Management and Senior Managing Director of Bear, Stearns & Co. Before joining Las Vegas Sands, Ader worked as an analyst for Bear, Stearns and Co. from 1990 to 1995. Ader also serves on the Advisory Board of the Center for Hospitality and Travel at New York University.
Before becoming an independent director of Las Vegas Sands, Jason Ader worked on Wall Street as a gaming analyst at Bear Stearns. After that, he moved to the investor side and played a crucial role in the company’s development. Jason Ader also focuses on online gaming. His membership on the Playtech board helped make the company attractive for acquisition. He also assists Japan’s Universal Entertainment with its public listing.
Besides his financial expertise, Ader’s track record also speaks to his track record as an activist investor. Ader, a former director of Las Vegas Sands, has a reputation for investing in gaming companies and destroying boardrooms. Ader’s investment firm, SpringOwl Asset Management, recently purchased a stake in Playtech. He established Macau’s first gaming market in 1990 and grew it to become the largest in the world in 2000.
Okada Manila’s future growth is anticipated to be tremendous. The company plans to capitalize on pent-up demand, expand within its existing market and expand internationally. 26 Capital Acquisition Corp.’s team includes Jason Ader, an industry veteran who was an independent director from 2009 to 2016.