The net worth of Philip Falcone, an American entrepreneur, is $1.1 billion.
Phil Falcone’s net worth is among the highest in the world and in the United States.
Chisholm, Minnesota is where he was born and brought up.
After studying Economics at Harvard University, he graduated in 1984.
After playing hockey at Harvard in college, he switched to professional hockey in Sweden.
Unluckily, his hockey career was cut short due to a leg injury while he was playing in Sweden.
The year after, he began his career at Kidder, Peabody & Co.
He was also employed by Wachovia.
Falcone held a similar position at Gleacher Natwest and Barclays Capital until 2000, when he founded Harbinger Capital in 2001. He invested in a variety of companies, institutions, and even the Minnesota Wild hockey team.
He invested in Lightsquared, a telecommunications company, with the aim of developing a wireless network to rival AT&T and Verizon, but the proposal was turned down because it would disrupt GPS signals.