With so many examples online calming to have the richness achievements, here is the actual classic list of top 3 richest traders on the planet.
1. Ray Dalio
Born: August 8, 1949
He is the founder of Bridgewater Associates, which oversees $160 billion.
He grew up in the Jackson Heights neighborhood of New York City's in the Queens district. The boy of a jazz artist, Marino Dallolio had an Italian origin.
At the age of 12, Ray Dalio started investing in buying shares of Northeast Airlines for 300$. He tripled his investment after the airline mixed.
1975, Ray Dalio started Bridgewater on his New York City loft. It grew the world’s biggest hedge fund in 2005. In October 2017 it had 160$ billion in assets under administration.
In July 2019, Dalio asked for a change of capitalism and defined capital diversity as a national danger. In November 2019 Dalio posted a blog saying that large capital, poor social responsibilities, and government debts have produced a formula for disaster, in what he named a "paradigm shift".
Dalio has provided more than $760 million to humanitarian movements. The Dalio Foundation has assisted microfinance and inner-city enlightenment.
Now he breathes a peaceful life with his wife Mrs. Barbara and their four sons with an interesting background. According to Forbes journal, Dalio's net value was $18.6 billion as of January 2019.
In March 2019 Forbes listed Dalio as one of the highest-earning hedge fund administrators and traders.
Here are some of Dalio's masterpieces:
How the Economic Machine Works
A Template for Understanding What is Happening Now (2007)
A Template for Understanding Big Debt Crises (2018)
Why and How Capitalism Needs to be Reformed (2019)
2. George Soros
Born: August 12, 1930
In Hungarian, Soros means "next in line". Do you think it has any relation to his successes?
He was born in Budapest. Soros endured Nazi Germany-occupied Hungary and left to the United Kingdom in 1947.
His mother Erzsébet came from a family that held a growing silk store. His dad Tivadar was a lawyer and a well-known Esperanto-speaker.
Tivadar was a captive of war throughout and after World War I.
He then fled from Russia and joined his family in Budapest. During 1936, Soros's family transformed their name from the German-Jewish Schwartz to Soros. This was as emergency deception in the increasing antisemitic Hungary.
George Soros frequented the London School of Economics, finishing with a bachelor's and a master's grade in philosophy.
Soros started his business career by practicing different roles at dealer banks in the United Kingdom and then the United States.
He started his hedge fund, Double Eagle, in 1969. Then he provided Soros Fund Management, another hedge fund, in 1970.
Double Eagle was renamed to Quantum Fund and was the main firm Soros advised. Quantum Fund held $12 million in assets under control, and as of 2011, it had $25 billion. This was the majority of Soros's net value.
Soros is recognized as "The Man Who Broke the Bank of England". This because of his short sale of US$10 billion worth of pounds sterling. It gave him a profit of $1 billion through the 1992 Black Wednesday UK currency crunch.
The man who managed clients’ money in New York from 1969 to 2011, has now a capital asset worth about 8.4 $ billion. In current public displays, Soros has been a vocal complainer of U.S. President Donald Trump and Chinese President Xi Jinping.
3. Steve Cohen
Born June 11, 1956
Steve Cohen manages Point72 Asset Management. It has a $13 billion hedge fund firm that restarted managing outside money in 2018.
Steve grew up in a Jewish family in Great Neck, New York. His dad was a clothes manufacturer. His mother was a piano professor.
Cohen obtained a finance degree from the Wharton School at the University of Pennsylvania in 1978. Throughout school, a companion assisted him to open a brokerage account with $1,000 of his schooling money.
For years Cohen ran SAC Capital, one of the most flourishing hedge funds ever. But he was obliged to close down SAC Capital following the firm declared condemned to insider trading charges that cost Cohen $1.8 billion in fines.
Cohen was named "the hedge fund king" in a 2006 Wall Street Journal article. In 2013, Cohen's New York penthouse in the Bloomberg Tower was recorded for sale for $98 million. In 2015, Forbes placed Cohen as the highest-earning hedge fund administrator in 2014.
In 2016, Forbes Magazine ranked Cohen's fortune at $13 billion. It listed him as the 30th richest person in the United States. He gave $715 million to humanitarian causes during his lifetime.