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The current UK’s richest man, Michael Platt, has had truly top-tier performance figures in recent years.
Platt built up a fortune through his proprietary hedge fund, BlueCrest, amassing personal wealth of over $10 billion.
Born in 1968, he studied mathematics and economics at the London School of Economics and Political Science for his undergraduate degree. After graduating, he joined JPMorgan Chase and went deep into derivatives trading.
In 2000, he founded the hedge fund BlueCrest, focusing on macro strategies, commodity trading, and fixed-income trading—at one point ranking among Europe’s leading hedge funds.
In 2015, he made a crucial decision: he fully redeemed all external client funds, transforming the institution into a proprietary platform that operates solely with its own capital. This completely freed the fund from pressure related to external redemptions and from short-term performance assessments, and its profitability exploded.
According to Bloomberg statistics, from 2016 to 2025 the fund delivered positive returns after fees for ten consecutive years. Based on compounding, the principal grew by nearly 79 times over the 10-year period; in particular, its single-year net return rate in 2022 reached 153%. The astonishing long-term gains continued to drive up his personal wealth.
People in the crypto world like to say: if you can’t make 100x in 1 year, you shouldn’t be alive.
We should all go die 😅—a top proprietary hedge fund only managed 79x after 10 years.