What is Carson Block wealthy?
Carson Block is an American short-seller, investor and founder of Muddy Waters Research with a net worth of $260 million. Block is known for documenting and alleging fraudulent accounting practices in publicly traded Chinese companies.
Early life and career
Carson Block was born on April 27, 1977 ( age 44 years old). He grew up in Summit, New Jersey, and holds a law degree from Chicago-Kent College of Law.
Mr Block went to work with his father “William Block”, a period he describes as “very embittering” as he was “lied to by a parade of management” of internet companies. He quit equity analysis for law school, later moving to Shanghai before leaving law and setting up the self-storage business in 2007. Read: Mohnish Pabrai net worth and Life story
In 2011, Block was ranked as a 50 Most Influential Thinker by Bloomberg Markets.
In September 2017, Block initiated a private lawsuit against Equifax, accusing the latter of neglecting to safeguard his personally identifiable information. He appears in the documentary The China Hustle, outlining his research into Securities fraud of Chinese companies through Muddy Waters. In early 2018, he was also forced to settle a case with St Jude Medical Inc in order to avoid a lawsuit.
Muddy Waters Investment Funds are domiciliated in Cayman Island and Delaware. The Board of the Cayman domiciliated fund includes a Director – Mr Andrew Hersant – appearing in the “Paradise papers”.
So, despite advocating for transparency, Mr Block’s company structuring is using tax heavens. Read: David Einhorn net worth and Life story
Carson Block is a married man with kids. However, due to some privacy related issues we are not allow to mention his wife and kids names. Block controversial lifestyle have deprived his family from the public domain.
Carson Block net worth
How Much Carson Block Worth? Carson Block’s net worth is estimated at around $260 million. His major source of income is generated from Muddy Waters Investment. The founder of Muddy Waters initially raised $100 million for it’s investment strategy.