In 1970 he became a securities analyst. It was in 1982 he established Baron Capital. Today the company manages nearly $40 billion in assets and hosts a highly coveted annual investors conference at the Metropolitan Opera House, featuring surprise performances by musicians and similar entertainers. Hamptons House: Baron is the owner of one of the largest estates in the Hamptons. In 2007 he paid $103 million for the home. At the time it was the most amount ever paid for a property in Hamptons. The property spans 52 oceanfront acres and features a 28,000 square-foot mansion in addition to several original structures. He also owns homes in New York City and Vail.