SAC Capital founder plummets to No. 59 on rich list

Preet Bharara, United States Attorney for the Southern District of New York speaks at a news conference July 25, 2013 about a federal indictment against SAC Capital, the hedge fund run by billionaire Steven A. Cohen. SAC Capital Advisors was charged in federal court in Manhattan in an indictment with wire fraud and four counts of securities fraud, as prosecutors allege the crimes were carried out from 1999 through at least 2010. 

These final notes on the way out can be seen as key data points on the state of the American economy.

The first comes to us from the Wall Street Journal, which happened upon some research showing the percentage of Americans over the age of 16 who say they don't want a job.

The top-line number? 34.3 percent of people over the age of 16 say they just don't want to work at all.

In addition, Tim Fernholz, a reporter at, reported that the fine paid by SAC Capital's owner, Steven A. Cohen, will drop him from the 45th richest American to the 59th richest.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, the most widely heard program on business and the economy in the country.


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