Pinetree's Sheldon Inwentash Made $34.6 Million Last Year

|May 25, 2011|
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Sheldon Inwentash

Pinetree Capital, an investment fund with a portfolio worth $794 million, paid its CEO Sheldon Inwentash $34.6 million in 2010.

By comparison, the CEO of BlackRock, Larry Fink, made $23 million last year, making him the highest paid Wall Street CEO in 2010. Pinetree Capital is tiny compared to BlackRock. 

Of course Pinetree doubled the size of its investment portfolio last year, and it's investment focus is in commodities (mostly Precious Metals, Base Metals, Oil & Gas, Potash, Lithium and Rare Earths, Uranium and Coal), which performed well last year. So it's not surprising that Inwentash made a lot ($32.2 million in a bonus; $1 million in salary).

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