You need to earn at least $210 million a year to make it on to Alpha magazine's list of the most highly paid hedge fund managers.

Based on 2007 earnings

1 John Paulson, Paulson & Co., $3.7 billion

2 George Soros, Soros Fund Management, $2.9 billion

3 James Simons, Renaissance Technologies Corp., $2.8 billion

4 Philip Falcone, Harbinger Capital Partners, $1.7 billion

5 Kenneth Griffin, Citadel Investment Group, $1.5 billion

6 Steven Cohen, SAC Capital Advisors, $900 million

7 Timothy Barakett, Atticus Capital, $750 million

8 Stephen Mandel Jr., Lone Pine Capital, $710 million

9 John Griffin, Blue Ridge Capital, $625 million

10 O. Andreas Halvorsen, Viking Global Investors, $520 million

11 John Arnold, Centaurus Energy, $480 million

12 James Dinan, York Capital Management, $470 million

13= Joseph DiMenna, Zweig-DiMenna Partners, $450 million

13= David Slager, Atticus Capital, $450 million

15 Seth Klarman, Baupost Group,$425 million

16 Lawrence Robbins, Glenview Capital Management, $420 million

17 William von Mueffling, Cantillon Capital Management, $410 million

18= Charles (Chase) Payson Coleman III, Tiger Global Management, $400 million

18= Raymond Dalio, Bridgewater Associates, $400 million

18= Israel Englander, Millennium Partners, $400 million

18= Chris Shumway, Shumway Capital Partners, $400 million

22 John Kleinheinz, Kleinheinz Capital Partners, $380 million

23= John Burbank III, Passport Capital, $370 million

23= T. Boone Pickens, Jr., BP Capital Management, $370 million

25= Glenn Dubin, Highbridge Capital Management, $360 million

25= Henry Swieca, Highbridge Capital Management, $360 million

27= Noam Gottesman, GLG Partners, $350 million

27= Pierre Lagrange, GLG Partners, $350 million

27= David Tepper, Appaloosa Management, $350 million

30 Louis Bacon, Moore Capital Management, $315 million

31= Greg Coffey, GLG Partners, $300 million

31= Carl Icahn, Icahn Partners, $300 million

31= Paul Tudor Jones II, Tudor Investment Corp., $300 million

34 Eric Mindich, Eton Park Capital Management, $290 million

35 Alec Litowitz, Magnetar Capital Partners, $280 million

36 Daniel Loeb, Third Point, $270 million

37 Paul Touradji, Touradji Capital Management, $265 million

38= Bill Hwang, Tiger Asia Management, $250 million

38= Richard Perry, Perry Capital, $250 million

38= Nathaniel Rothschild, Atticus Capital, $250 million

41= Alan Howard, Brevan Howard Asset Management, $245 million

41= Daniel Och, Och-Ziff Capital Management Group, $245 million

43 Thomas Steyer, Farallon Capital Management, $230 million

44= Lee Ainslie III, Maverick Capital, $225 million

44= David Harding, Winton Capital Management, $225 million

44= Marc Lasry, Avenue Capital Group, $225 million

47= Michael Platt, BlueCrest Capital Management, $220 million

47= George Robinson, Sloane Robinson Investment Services, $220 million

47= Hugh Sloane, Sloane Robinson Investment Services, $220 million

50 David Shaw, D.E. Shaw & Co., $210 million

Source: Alpha Magazine, www.alphamagazine.com

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