Richest traders in the world are surrounded by a halo of glory and mystery. Even people who are very far from trading can’t help but wonder: how did they get so rich? Exploiting market movements to earn millions and even billions of dollars requires much trading experience, well-developed analytical skills, and advanced technology. But can you learn something just by analyzing the biographies of the most successful traders? In this article, we tell you the stories of the top 5 richest traders in the world.
With a net worth of about $29 billion, Jim Simmons is the most successful day trader in the world. He is known as the founder of Renaissance Technologies, a successful hedge fund that focuses mostly on building elaborate math models to predict market movements. Simmons was a math teacher, but then he moved into investment banking and managed to apply statistical methods to market analysis. He is known as a major philanthropist as well.
Ken Griffin has a net worth of $28 billions. He is the CEO of Citadel, a global fund with more than $30 billions in various financial instruments. Griffin began his career as a private day trader using his own strategies on the bond markets. In 1990, he founded Citadel, and now it’s one of the largest funds in the world. The fund is known to come up with unusual strategies and make money in unpopular ways.
One of the richest day traders in the world, George Soros has a net worth of about $9 billion. But you should keep in mind that he has donated a huge portion of his wealth to charity. He was born in 1930 in Hungary, lived through the Nazi occupation of the country, studied economics in the UK and moved to the USA to become a successful analyst. He founded his famous fund in 1973, and it has managed to become one of the most well-performing hedge funds in the world.
Ray Dalio is an American trader who started his career back in the 70s. After working on the NYSE for a while, he founded Bridgewater Associates, an extremely successful hedge fund. Dalio’s net worth is estimated to be around $22 billion now.
Carl Icahn is a famous day trader who has built his fortune by using aggressive strategies. He’s made about $17 billion of net worth using active trading with risky changes in his portfolio. Icahn is now also a known philanthropist.