He was listed at #37 in the Forbes 400 this year, with a total net worth of $12 billion dollars. The founder of Galleon Group, who in 2011 was found guilty of conspiracy and securities fraud, was prosecuted with wiretap evidence, a tactic that plays a key role on Billions. One thing that I don't think seems real is a scene in a basement where Axelrod is giving a guy what looks like a suitcase full of cash. The showrunners deny previous reports that Billions central rivalrybetween Axelrod and the combative U.S. attorney Chuck Rhoades, played by Paul Giamattiis modeled after the legal skirmish between hedge fund billionaire Steve Cohen (net worth: $15.9 billion) and Preet Bharara, the former U.S. Attorney for the Southern District of New York who in 2013 successfully prosecuted Cohens SAC Capital for insider trading. Born and raised in California, Jake has a Bachelor's Degree in Film & Digital Media from the University of California Santa Cruz with an emphasis on theory and criticism, is the author of several "WTF Happened To This Movie" and "WTF Really Happened To This Movie" videos on YouTube, and has covered everything in the entertainment industry from set visits, studio luncheons, and red carpet interviews to wrap parties, movie premieres, private screenings, talent interviews, and more. They are composites of many people and the characteristics they embody, put into fictional vehicles, says Levien. As Bobby's second in command at Axe Capital, the eminently quotable Mike "Wags" Wagner (David Costabile) has a personal stake in the company that has earned him roughly $200 million during his lifetime. It's in the bag." Watching the way people like that compete, even at a charity poker tournament, gave us a lot of information to then think about and write about, says Levien. For example, antagonist and United States Attorney Chuck Rhoades (played by Paul Giamatti) has been to said to be loosely inspired by Preet Bharara, who underwent investigations from 2009 until 2017 as the U.S. Attorney for the Southern District of New York. Not that high-stakes poker games were new fodder for the Billions writersthey had already immortalized Wall Streets charity poker circuit in the season two episode 'Optimal Play,' in which Axelrod and his brilliant deputy Taylor Mason (played by Asia Kate Dillon) square off against rival investment tycoons in the fictional Alpha Cup Charity Poker Tournament. 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Fortunately, attorneys like Rhoades going after such people is also a reality. His character Axelrod is a multi-billionaire thanks to his involvement with hedge funds. Ackman and Axelrod share initials, and Billions star Damian Lewis has admitted that real Wall Streeters have approached him to discuss the likeness. In the first season of Billions, it's revealed that Bobby was outside of his World Trade Center office on 9/11; he survived, and most of his colleagues were killed. A pleasure and a privilege to play Axe for 5 seasons with some of the smartest, funniest most talented cast and crew Ive worked with. The story of Steven has been said to have inspired the first season of Billions, which ran from January until April of 2016. Lara's major character arc is part of what makes her one of the best characters on Billions. This article originally appeared in the March 2017 issue of Town & Country. After rebuilding his image through aggressive P.R. Due to the fact that Bobby and billionaire Bill Ackman of Pershing Square Capital Management, which is a hedge fund management company, share the same initials, many people on Wall Street believe that Bobby is modeled on Bill, but Damian has stated that this is not the case. Now that's money in the bank. Love. And the lead authority, Chuck Rhoades, is rather obviously a Preet Bharara stand-in, with a bit of Eliot Spitzer thrown in for good measure. Unless you're telling me that there's only $5,000 or $7,000, which wouldn't make sense, I don't know where the cash would come from. A 17-year-old Died After Going Missing In The Ocean At A Popular Beach. Newman's out of the game. As of February 2020, his net worth stood at a staggering $14.1 billion. Is Bobby Axelrod Based On A Real Person? Damian Lewis has announced his departure from Billions as Bobby Axelrod after playing the role for five seasons. Les Moonves the chief of CBS Corp., the parent company of Showtime was. Then again, so do many men portrayed in finance movies. Since its launch in January 2016, when the drama first aired, the show has been able to captivate audiences with its intricate and powerful plots. We walk the line between being creative and entertaining, and then grounding as much of that in reality as possible., For the more arcane storylines, Brown connects the shows writers with subject matter experts. The episode titled "No Direction Home" is a fit title for the finale as brilliant hedge fund titan Bobby Axelrod (Axe), played by Damian Lewis, faces decades in prison when Axe Bank decided to take in cannabis cash that was not yet legal. Yep, some jobs are more than just a job. Season 3 catches Bobby and Lara in the aftermath of the great transgression Bobby committed last season . Hearst Magazine Media, Inc. All Rights Reserved. Capital Advisors who was prosecuted by the Southern District of New York (he ended up pleading guilty to insider trading in NEXT: John Malkovich's 10 Best Movies, According To Rotten Tomatoes. The actor that plays Bobby Axelrod on Billions is none other than English actor and producer, Damien Lewis. No wonder . The Showtime series stars Damian Lewis of Homeland fame, Maggie Siff from Sons of Anarchy, and Paul Giamatti in leading roles. The main character of the show, hedge fund manager Bobby Axelrod, who is played by actor Damian Lewis, is not based on a real person; however, he is loosely inspired by Steven A. Cohen, a real-life billionaire, and hedge fund manager at S.A.C. Thank you @SHO_Billions thank you @briankoppelman @DavidLevien. Sunday's finale saw Bobby Axelrod flee to Switzerland to avoid prosecution from Paul Giamatti's State Attorney General Chuck Rhoades. Cohen and SAC are confident that they have acted appropriately and will continue to cooperate with the governments inquiry.. For instance, the antagonist and United States Attorney Chuck Rhoades, who is portrayed in the show by Paul Giamatti, is rumored to be based, at least in part, on Preet Bharara, who served as the United States Attorney for the Southern District of New York from 2009 until 2017 and was subjected to investigations during that time. Great measures have been taken by the writers to equate Bobby's life with that of Steven Cohen, a prominent New York hedge fund manager and owner of the New York Mets. While there isn't a real Bobby Axelrod (the show's main character and hedge fund manager played by actor Damian Lewis), he's also loosely inspired by Steven A. Cohen, a real-life billionaire and hedge fund manager at S.A.C. Due to his immense wealth, Axe tries to recruit Andalov to raise capital for his hedge fund. Images: JoJo Whilden, Jeff Neumann/SHOWTIME. If you are a fan of Showtime, there is a good chance that you are also a fan of Billions, which is one of their most popular programs. Where Axe has no father and no privilege, Chuck has much too much of both. Sure. Yep, some jobs are more than just a job. Who Is Maid Based On: Which Parts Of Maid Were Changed For Television? Still, with an estimated $5 billion in holdings across all assets, Bobby is wealthy beyond belief. close to $280 million over six properties, a dress manufacturer and a piano teacher in the suburbs, prohibited from managing outside money until 2018. There really are hedge fund managers who lord over airy offices like Bobby Axelrod; there really are district attorneys who go after perpetrators of financial crimes, like Chuck Rhoades (Paul Giamatti). Like Bobby, Cohen was absolutely relentless in his pursuit of money, even after accruing billions. If so, who could it possibly be? The New York Post claims that Billions was inspired by the charges brought against hedge-fund manager Steven Cohen by US Attorney Preet Bharara in 2012. Although he is known to exploit illicit insider knowledge to improve Axe Capitals profitability, his talent is practically unmatched among those who wield significant influence in the financial world. Foley uses his monetary resources to back political leaders like Sweeney and prevent players like Chuck Jr. from attaining such positions of power. Andolov agrees at first, putting Axe in an advantageous position. Damien Lewis' return to Showtime comes in the form of Bobby "Axe" Axelrod on the new show Billions . He refers to himself as an "activist investor", meaning somebody . And how much of the plot is inspired by real events? While Billions isn't entirely based on a true story, it is inspired by real events. The idea of a certain brash billionaire real estate developer becoming president seemed far-fetched. Denise Shull sued 'Billions' on a variety of claims arising in IP. In the show's first season, Rhoades was hell-bent on taking down Axelrod an apparent real life parallel to former US Attorney Preet Bharara's pursuit of Cohen. He lives a luxurious lifestyle of expensive taste, including the purchase of several Picasso paintings in season 4. The show's second season premieres Feb. 19. As season two kicks off, we ask if TV's favorite bad-boy banker was inspired by any of these real-life hedges. Damian returned to London to be with his two sons. In regard to the federal inquiry of the alleged insider trading scheme, a spokesperson for Cohen's firm SAC Capital Advisors LP told the Wall Street Journal in 2012: Mr. Capital with an enormous bonus check from his then-firm and $10,000,000 of his own money, and grew the fund to over $12 billion dollars. 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