2010 Top 10 Highest Earning Hedge Fund Managers Rank Name Firm Name 2009 Earnings 1 David Tepper Appaloosa Management $4 billion 2 George Soros Soros Fund Management $3.3 billion 3 James Simons Renaissance Technologies $2.5 billion 4 John Paulson Paulson & Co. $2.3 billion 5 Steve Cohen SAC Capital Advisors $1.4 billion 6 Carl Icahn Icahn Capital $1.3 billion 7 Edward Lampert ESL Investments $1.3 billion 8 Kenneth Griffin Citadel Investment Group $900 million 9 John Arnold Centaurus Advisors $900 million 10 Philip Falcone Harbinger Capital Partners $825 million