The Richest Traders in the World - Part 1
Endless opportunities await traders in the financial markets. However, the ones who make it to the top, are the ones who showcase a unique combination of resilience, informed trading styles and hard work.
Carl was born in New York in a family of teachers. His uncle M.Elliot Schnall helped him commence his trading career when he lent him $400,000 in order to buy a seat on the New York Stock Exchange.
Carl Icahn is considered to be one of the most successful investors in the world having made history in Wall Street. Icahn is famous for his wisdom in trading and his active trading style characterized by an amalgamation of impeccable judgement and taking risks. What sets him apart from other traders is that with many years of experience in the financial markets, he developed a sense of recognizing potential opportunities when other investors fail to see it.
Icahn founded the Icahn Enterprises, his holding company, in 1987 and he has invested in many successful international and U.S. companies like Apple, Netflix, Time Warner, Revlon, Viacom, Motorola and more.
His ability to see potential in his investments has made him one of the richest men in the world with a net worth of over $17 million.
George Soros, also known as “The King of Forex Trading”, started his career at 24 at Singer and Friedlander in London. Soros established the Soros Fund Management in 1970 and has since published many books about finance and investments.
What put him in the spotlight was one single day that shall remain forever in the memories of traders around the world. On Black Wednesday, September 16, 1992, George Soros made a staggering $1 billion profit for himself when he traded the English pound. He made a name for himself as the man who “broke the Bank of England”. (If you want to find out more about Soros’ greatest trade, read about Most Famous Trades in History here.)
With his company having generated more than $40 billion in profits and him personally having a net worth of 8 billion as of February 2018, Soros has successfully secured a place among the thirty richest people in the world.
Paul Tudor Jones
Jones was born in 1954 and in 1976 he earned a degree in Economics from the University of Virginia. He turned down a place at Harvard Business School and his first position on the trading floor was actually that of a clerk.
He had worked as a commodities trader in the New York Stock Exchange (NYSE) before he founded his own firm, Tudor Investment Corporation. In October 1987, he made a profit of 62% by holding short positions while the markets were crashing and landed himself a place among the best traders in history. Dubbed as the man “who shorted the market crash”, he made $100 million for his company the same year. He also served as the Chairman of the NYSE from 1992 to 1995.
As of November 2019, Forbes Magazine estimated Jone’s net worth to be $5.1 billion making him the seventh highest-earning hedge fund manager.
What remains to see now is who will be the next to land a place among the richest traders in the world.
Trade with Finior Capital, your secure broker for elite trading opportunities and enjoy exclusive trading benefits.