6 of the richest traders in the world
George Soros, the chairman of Soros fund management, Hungarian of origin, he is known to be the most successful day trader in the industry, known as “the man who broke the bank of England” with a net worth $8.3 billion, he is notably one of the most successful day traders in the world.
George Soros story was highlighted after he made $1 billion in 1992 and became the first person to earn this amount in just one day, after betting against the British pound.
Born in New York, Icahn was given a helping hand when he first started out from his uncle, a 400 thousand jump start to a seat on the New York Exchange. Icahn gained popularity for taking high risk on his investment opportunities, which of course later paid off with a net worth of over $17 billion.
Carl’s strategies are often aggressive and as an active investor he’s followed by many. He’s one of the richest traders in the world, with investments in international and US companies including Apple, Time warner and Netflix.
David Tepper is a credit analyst whose developed his career to become one of the greatest hedge fund managers of all time. Tepper specializes in distressed debt mainly bankruptcies and special debt conditions. His career took off from transforming distressed companies to profitable ones. He also survived the bond market crash and made hefty returns.
Tepper has his own Hedge fund company by the name of Appaloosa Management, managing around 15 billion dollars and previously was the head of non-investment grade bond desk in Goldman Sachs.
Known for his catchphrase “trade like crazy or stay the same”, Lipshcutz has leveraged a bank for $300 million on day trading. Lipschutz is also known for making calculated positions with incredible analytical skills that turned an inheritance of $12,000 to $250,000 and then to $25 billion net worth by 2020.
He’s established Hathersage Capital (Rowayton Capital Management previously) specializing in trading of the G10 currency trading.
A hedge fund billionaire, James Simons is known for his mathematic skills and as the world’s smartest billionaire. Simons got his PHD in Mathematics at the age of 23 and paved his way to trading and finding algorithms.
With a net worth of around 20 billion dollars, Simons was particularly focused on pattern repetitions. Simons built an algorithm that could predict a change in any financial instrument price- today we call its quantitative analysis.
Paul Tudor Jones
Paul Tudor Jones one of the highest-earning hedge fund managers. Tudor made a fortune by tripling his capital from just short positions on a black Monday back in 1987, Currently with a net worth of 5.1 billion dollars. Tudor took a chance on the multiplying effect as he predicted a market crash making an estimate of $100 million dollars.
Unlike everyone in Black Monday who lost their money, Jones made his best trades. he is also known for his bets on interest rates and currencies.