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Two years later the firm was valued at $9bn.
The firm was valued on the Hong Kong stock exchange at HK$400m.
At its peak in 2014, the firm was valued at $9bn.
The San Francisco-based firm was valued at more than $65bn in a $12.5bn fundraising effort earlier this year but has remained secretive about its financial performance.
A six-week stint at the UN went for tens of thousands of dollars earlier this year, while a recent week at InStyle UK and a London PR firm was valued at $2000 ahead of bidding.
His decision in January 2000 to sell Schroders' investment banking business to Citigroup for £1.3 billion ($2.1 billion; the firm was valued at about £30 million when he took over) could hardly have been better timed.
Similar(51)
A partner of one that considered buying a stake that he estimated was between one-third and one-half of Fairfield — the firm was valuing itself somewhere between $1 billion and $1.5 billion — said that he was scared off about 20 minutes into his initial meeting with a team of Fairfield managers.
Today the firm is valued at $10bn.
Flipkart, which is India's biggest internet firm, is valued at about $2 billion.
The loss-making firm is valued at about $5bn£4bnbn) and backed by Chinese e-commerce giant Alibaba.
The firm is valued at $2.45 billion based on its current share price, which has been tumbling since last summer.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com