Dan Loeb turned $3 million into a $17.5 billion hedge fund empire in 20 years - here's his fabulous life

Hedge fund manager Daniel Seth Loeb founded Third Point LLC on June 1, 1995 with $3.4 million in capital.

The then-33-year-old had money from only five investors-all friends and family-and his own capital.

Today, the billionaire activist investor oversees around $17.5 billion in assets.

Since those early days, he has made a reputation for himself as a formidable money manager. As one fund manager recently put it, "he's one of the best investors of our generation."

So who is this activist investor? We're going to a take a tour through Loeb's life and find out.