Latest news with #iCapital
Time of India
3 days ago
- Business
- Time of India
Cameron Young net worth: How much does the young American golfer earn?
Cameron Young is making headlines for his exemplary performance in the US Open qualifying. The American professional golfer secured his spot in the US Open by winning a five-man playoff at the Columbus, Ohio, qualifying site. Young, 28, left his mark as he edged out top players such as Max Homa, 34, and Rickie Fowler, 36. This achievement adds to Young's growing reputation in the golf world. Earlier in his career, the New York native golfer made headlines by carding a historic 59 during the third round of the 2024 Travelers Championship, becoming only the 13th player in PGA Tour history to achieve a sub-60 round. His consistent performances and rising profile suggest that he will be a player to watch in the upcoming US Open and future tournaments. However, that's not it. Young's remarkable rise in his sports career is raking up an ample amount of money as well. Let's take a look. Net worth of Cameron Young: As of 2025, American professional golfer Cameron Young has an estimated net worth of approximately $17 million, reportedly. This financial success is attributed to his impressive performances on the PGA Tour, strategic endorsement deals, and prudent investments. Let's look at a detailed breakdown: Career earnings: Since turning professional in 2019, Young has demonstrated remarkable skill and consistency. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo His career earnings have steadily increased, with significant contributions from tournament prize money and the PGA Tour's Player Impact Program. In the 2021–22 season, he earned over $6.5 million, setting a record for the most official money earned by a rookie in a single season. In 2023, he accumulated approximately $5.9 million, including earnings from both official and unofficial events. His largest paycheck came from a runner-up finish at the 2023 WGC-Dell Technologies Match Play, where he earned $2.2 million. Endorsement deals: Young's growing prominence in the golfing world has attracted several lucrative endorsement deals. Notably, he signed a four-year partnership with iCapital, a global fintech platform, in January 2023. Additionally, he has secured sponsorships with major brands. These endorsements not only provide financial benefits but also enhance his visibility in the golfing community. Real estate investments: Beyond his earnings from golf and endorsements, Young has begun to diversify his income through real estate investments. In 2024, he invested in a property in Palm Beach Gardens, Florida, valued at approximately $2 million. Young lives in the same property with his family, consisting of his wife and child. Future outlook With his consistent performance on the PGA Tour, strategic endorsements, and sensible investments, Cameron Young is well-positioned for continued financial success. As he advances in his career, his net worth is expected to grow, solidifying his status as one of golf's rising stars. Do you know how much Shah Rukh Khan's manager Pooja Dadlani earns annually? Her net worth will blow your mind
Yahoo
16-05-2025
- Business
- Yahoo
iCapital announces acquisition of Citi Global Alternatives
Fintech platform iCapital has announced the acquisition of Citi Global Alternatives, an indirect subsidiary of Citi. Details regarding the financial terms of the acquisition have not been disclosed. This subsidiary serves as the advisor to Citi Wealth's global alternative investment fund platform, which includes more than 180 alternative funds distributed worldwide. The platform encompasses a variety of investment vehicles across multiple alternative investment strategies and asset classes, such as private equity, growth equity, private credit, infrastructure, venture capital, real estate, and hedge funds. This acquisition aims to enhance operational efficiency and deliver a cohesive technology solution for partners. Citi Wealth Alternatives and Investment Manager Solutions head Daniel O'Donnell said: 'Citi Wealth already has a strong working relationship with iCapital on alternative solutions, and we're excited to expand our relationship to bring greater integration of iCapital's market-leading digital capabilities to our advisors, bankers, investment counselors and clients.' Following the completion of this transaction, iCapital will take over the management and operation of the fund platform. Citi will continue to act as the distributor of these funds and provide advisory services to clients regarding the integration of alternative investments into diversified investment strategies. iCapital chairman and CEO Lawrence Calcano said: 'We are excited to partner with Citi Wealth to drive growth for their alternatives business globally. 'iCapital's technology platform will streamline the operations and management of their current and future alternative investment funds platform.' In January this year, iCapital acquired Parallel Markets, a company specialising in reusable financial identification solutions. "iCapital announces acquisition of Citi Global Alternatives" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
The Star
13-05-2025
- Business
- The Star
Citi to sell wealth alternatives unit to fintech firm iCapital
The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren (Reuters) -Wall Street heavyweight Citigroup has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced on Tuesday, as the bank pursues simplifying its business. The unit, Citi Global Alternatives, represents more than 180 funds distributed by the bank across asset classes including private equity, infrastructure, hedge funds, and private credit. New York-based iCapital will manage and operate the platform, while Citi will remain the distributor for the funds and offer guidance to clients on the role of alternative investments. "We are excited to partner with Citi Wealth to drive growth for their alternatives business globally. iCapital's technology platform will streamline the operations and management of their current and future alternative investment funds platform," iCapital CEO Lawrence Calcano said. The firm will also assist Citi Wealth's global sales capabilities with a dedicated team to support the growth of the bank's alternatives platform. The terms of the transaction were not disclosed. Citi recently revamped its wealth management arm - a key step in CEO Jane Fraser's growth strategy - as part of its broader overhaul to simplify the bank's sprawling structure. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shreya Biswas)
Yahoo
13-05-2025
- Business
- Yahoo
Citi to sell wealth alternatives unit to fintech firm iCapital
(Reuters) -Wall Street heavyweight Citigroup has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced on Tuesday, as the bank pursues simplifying its business. The unit, Citi Global Alternatives, represents more than 180 funds distributed by the bank across asset classes including private equity, infrastructure, hedge funds, and private credit. New York-based iCapital will manage and operate the platform, while Citi will remain the distributor for the funds and offer guidance to clients on the role of alternative investments. "We are excited to partner with Citi Wealth to drive growth for their alternatives business globally. iCapital's technology platform will streamline the operations and management of their current and future alternative investment funds platform," iCapital CEO Lawrence Calcano said. The firm will also assist Citi Wealth's global sales capabilities with a dedicated team to support the growth of the bank's alternatives platform. The terms of the transaction were not disclosed. Citi recently revamped its wealth management arm - a key step in CEO Jane Fraser's growth strategy - as part of its broader overhaul to simplify the bank's sprawling structure. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Citi to sell wealth alternatives unit to fintech firm iCapital
(Reuters) -Wall Street heavyweight Citigroup has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced on Tuesday, as the bank pursues simplifying its business. The unit, Citi Global Alternatives, represents more than 180 funds distributed by the bank across asset classes including private equity, infrastructure, hedge funds, and private credit. New York-based iCapital will manage and operate the platform, while Citi will remain the distributor for the funds and offer guidance to clients on the role of alternative investments. "We are excited to partner with Citi Wealth to drive growth for their alternatives business globally. iCapital's technology platform will streamline the operations and management of their current and future alternative investment funds platform," iCapital CEO Lawrence Calcano said. The firm will also assist Citi Wealth's global sales capabilities with a dedicated team to support the growth of the bank's alternatives platform. The terms of the transaction were not disclosed. Citi recently revamped its wealth management arm - a key step in CEO Jane Fraser's growth strategy - as part of its broader overhaul to simplify the bank's sprawling structure. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
