The most famous traders in the world in short-term trading. well-known traders. Who are these successful and rich traders
Hi all. My name is Alexander Norkin. In today's article, let's talk about the best and great traders in the world.
The best traders in Russia
I don’t know if the traders listed here can be attributed to the rank of great traders, but the fact that these guys are the best traders in Russia is a fact. I tried to find our contemporaries without getting into the jungle, what happened, see below.
Alexander Mikhailovich Gerchik
In trading:
since 1998
Trading on the stock exchanges:
NYSE/NASDAQ, RTS, CME
Achievements of Alexander Gerchik
Having lost his money while working as a broker for the first time at Worldco, Alexander began to educate himself in trading and reached a high level. Since 1999, he has closed exclusively positive monthly bulletins. In 2003, Gerchik became a managing partner in one of the largest brokerage companies in America.
2006 was one of the brightest years for Gerchik, he was invited to participate in the prestigious project of the CNBC television company, in which he was presented as the safest trader out of 2000 traders, as a trader with almost no unprofitable days in the Daily Trading section.
After returning to Russia and having worked until 2015 as the managing director of the FINAM holding, he began to conduct an hour-long, author's radio program on Finam FM. In 2015, Forex broker Gerchik & Co opened his own company.
Also, Gerchik was noted for writing the books “Active Trader's Course”, “Exchange Secrets”, where short-term trading strategies are well described. Constantly conducts video and online seminars.
Alexander constantly recalls the words of his Japanese mentor:
The most important thing in trading is to learn not to lose money, and only then, learn to earn.
Alexander Rezvyakov
In trading:
since 2004
Trading on the stock exchanges:
Achievements of Alexander Rezvyakov
Alexander Rezvyakov began his activity in trading in 2003 by investing in mutual funds. Having tried what is called the taste of what it is, he decides to engage in trading on his own and already in 2004, he makes his first transactions on the stock exchange.
Until 2006, Alexander was looking for his own trading tool and strategy. And already in 2007, having finally settled on FORTS and choosing futures on the RTS index for trading, he began to receive a stable profit.
His personal record in public trades is 1,367,666.05 rubles in one trading day during a seminar in St. Petersburg in 2011 and 3,232,026.51 rubles in 4 trading days during a seminar in Kyiv in 2012.
Without interruption from trading, he is engaged in teaching activities, recording video seminars, constantly modifying his strategy using his own hand-developed transaction log.
Alexander Elder
1951 in Leningrad
In trading:
since 1970
Trading on the stock exchanges:
Achievements of Alexander Elder
He began his career by entering and graduating with honors from a medical university, after which he got a job as a doctor on a merchant ship. In 1974, he applied for political asylum in the United States, where he continued his career as a medical worker. There he began to conduct private practice as a psychiatrist. In early 1971, he became interested in stock exchange activities.
Founded Financial Trading Seminars, Inc. (New York), which prepares traders and became its director. Elder provides consultations, trainings and seminars in the field of trading in the USA, Asia, Australia, Europe and Russia. Developed the well-known trading strategy "Three Screens".
He has written a number of books in English and Russian. List of some of them:
- How to take profits, limit losses and benefit from falling prices: Selling and selling short.
- Trading with Dr. Elder. Encyclopedia of the stock game.
- Trading. First steps.
- How to play and win on the stock exchange.
- The strongest signal in technical analysis: Divergences and trend reversals.
- Fundamentals of stock trading. Textbook for bidders on world exchanges.
- Fundamentals of stock trading.
Psychiatric practice, helps Elder in lectures, which allowed thousands of bankrupt traders to stand on their feet. After the lectures, traders were able not only to realize the mistakes, but also to work on them.
Roman Vishnevsky
In trading:
since 2007
Trading on the stock exchanges:
NYSE, NASDAQ, CME, MOEX, OTC
Achievements Roman Vishnevsky
In his student years, in 2007, he got a job at a Canadian prop trading company, which had a Moscow office. Has achieved incredible success in scalping on US stocks.
The trader's career began in 2007, and already in 2009, during the US financial crisis, he earned his first million dollars. After that, together with partners, he organized the United Traders company.
The main achievement is the daily profitability of $198,713. In addition to the fantastic profitability, Roman Vishnevsky boasts a record breakeven streak of 33 months.
The best traders in the world
With the best traders in the world, the situation is much more complicated. The list of traders is so large that it is not possible to list all of them in one article. My list includes only the very best, traders who have actually achieved fantastic success.
Larry Williams
1944 in Billing, Oregon
In trading:
since 1966
Trading on the stock exchanges:
NYSE, NASDAQ, CME
Achievements Larry Williams
A more famous trader, who deservedly can be attributed to the rank of great than Larry Williams, is currently difficult to find. In 1987, he set a super world record for investing. His most famous achievement was the victory in the futures trading championship for the Robbins Cup (Robbins World Cup of Championship of Futures Trading). Then he managed to earn $1,147,000 in a year, with an initial capital of $10,000.
Larry Williams has written a ton of books about trading. Here is a short list:
- Long-term secrets of short-term trading.
- Secrets of trading in the futures market. Work with insiders.
Linda Bradford Raschke
Born:
1956 in Pasadena
In trading:
since 1981
Trading on the stock exchanges:
NYSE, NASDAQ, CME
Achievements Linda Bradford Raschke
Linda Bradford Raschke is one of the few well-known, successful female traders. Her trading career did not develop in the most successful way. After graduating from college, she tried to work as a broker, but the companies to which resumes were sent out did not hire her.
After a job as an analyst at Crown-Zellerbach, a paper company, Linda begins trading options. As it turned out, Linda had an amazing ability to grasp everything on the fly. The teacher liked this very much and he decided to give her a $25,000 deposit for trading (the minimum deposit amount at that time).
At first, everything was very good and within 3 months, the amount was doubled, but then Linda lost $80,000. And these were not her last losses.
In 1986, as a horse lover, Linda was riding horseback and fell off her horse, breaking several ribs and dislocating her shoulder. Due to the injury, Linda had to trade in her home office, where again a series of positive transactions began.
Linda Raschke, an amazingly courageous woman who fell so many times, losing money, but still found strength in herself and got up again. She went from being a floor speculator to managing her own investment fund, LBRGroup, Inc.
Linda Raschke's main quote:
The main goal of every trade is to minimize risk rather than maximize profit.
Michael Marcus
in 1940 in Brooklyn, New York, USA
In trading:
since 1972
Trading on the stock exchanges:
stock exchange
Achievements Michael Marcus
Michael Merkus showed high professionalism from the very first days of trading. In 1972, he buys securities and makes a $700 profit. In just 6 months, $700 turns into $12,000. After 1 year, the profit was $64,000.
Such a jump did not go unnoticed. They begin to invite him to one brokerage company, then to another. What is called snap. He eventually ends up at Commodities Corporation, where he increased his account more than 2,500 times over the course of 10 years.
John Arnold
in 1974 in the USA
In trading:
since 1998
Trading on the stock exchanges:
NYSE, NASDAQ, CME
Achievements John Arnold
John Arnold, a man about whom we can say with confidence: he made himself.
John's first job was as a trader for the US energy giant Enron. In 2001, he managed to earn a huge income, approximately $ 1 billion. Such an achievement inspired the management and it was decided to award John with a bonus of $ 8 million.
In 2008, Enron filed for bankruptcy, and John Arnold decides to open his own company called Centaurus, which subsequently reached a capital level of $ 3 billion.
In 2007, Forbes ranked John Arnold #317 of the 400 richest Americans. According to unofficial data, his fortune exceeded $1 billion. Thus, Arnold became the youngest American billionaire.
John Arnold was recognized as the best trader in the Forex market.
Great Trader Quotes
Gann
Time is more important than price, when the time comes, the price reverses.
Martin Zweig
There is nothing wrong if you are wrong, but it is not forgivable if you remain in this state.
Doug Kass
Small losses are part of the game. Big losses can knock you out of the game.
Clement Stone
Have the courage to say no. Have the courage to face the truth. Have the courage to do what is right, because it is right.
Bertrand Russell
The biggest problem in the world is that fools are always sure of themselves, while smart people are always tormented by doubts.
Thomas Sovel
People need to understand that often the truth is simple. It's much harder to see the truth.
William O'Neill
The biggest mistake most Forex investors make is to let losses take their course.
Diversification is insurance against ignorance.
Bruce Kovner
Michael Marcus - one of the top traders - taught me one simple and important thing: you have to be willing to make mistakes regularly, as there is nothing wrong or shameful in this. Michael taught me to make my best decisions and judgments, make mistakes, make another great decision, make mistakes, find the third best judgment, and make a decision that will double your capital.
Rondy McKay
When I warm defeat in the market, I immediately leave. It doesn't matter what market you trade in. I'm just leaving because I believe that if you lose one day in the market - all subsequent decisions will be much less objective than they were in a good deal of things ... If you stay when the market is radically against you, then sooner or late he will leave you with nothing.
Tony Saliba
I always identify my risks so I don't have to worry about them.
Victor Sperandeo
The key to trading success is emotional discipline. If intelligence were the key, then many traders would make money trading... It will sound like a cliché, but the only reason people make money in the financial markets is because they don't cut their losses.
Paul Tudor Jones
If I had positions that would go against me, then I would get rid of them. If the positions went in my favor, I would hold them. Risk management is the most important nuance in trading. If you have a losing position that makes you uncomfortable, get rid of it so that you always have the opportunity to come back.
I always think about losses, not about profits. Don't focus on making money - focus on protecting the capital you already have.
I believe that the biggest money is made on market reversals. Everyone says that you fail trying to pick tops and bottoms and you make all your money by trending in the middle. Okay, for twelve years I've been missing profits in the middle, but I've made a lot of money on the tops and bottoms.
Marty Schwartz
Over the past few years in the markets, I have learned that it is very important to take a few days off. The natural inclination is to play until you get the maximum win, but experience has taught that rest and a fresh look can always enhance the possibilities.
Randy McKay
I will decrease the size of trading positions as long as I lose... My money management techniques are very conservative. I never take risks that would materially affect the funds in my account - leave my account alone.
George Soros
Markets are constantly in a state of uncertainty and fluctuation, and money is made by calculating the obvious and not betting on the unexpected.
Larry Williams
No matter how hard we try to enlighten the trader by giving him the most important information, he will inevitably be disappointed, forget everything, or he simply does not have the will to use it effectively in practice.
Linda Raschke
If the market offers you an unexpectedly large profit on a trade, you should lock it in.
Alexander Elder
You can only succeed in the stock market when you treat it as a serious intellectual work. Emotional play is deadly.
Tom Berowick
Develop a trading style that is compatible with your psychology. Your trading style should match your personality exactly.
Walter Bressert
The market is full of emotions. He pulls on all your levers of fear and greed, sniffs out all your weaknesses. I have to control the emotional part. I made sure that my temperament does not allow me to be a trading star. I found a way to overcome this by using mechanical entry and exit patterns.
Tom Demark
In fact, good discipline, knowing your limits, and good money management are much more important than a system or an indicator.
George Fontanills
I learned how to use options and how to become delta neutral so that I can hedge myself both ways and still sleep well at night. It was then that I dramatically increased profitability.
Lee Gettiss
The only thing a trader can control is risk. I know how much I'm willing to risk, but I have no idea how much the market will allow me to get my money back.
Cynthia Case
The three most important things in trading are: firstly, you can’t always listen to other people’s advice, secondly, there is no easy way, and finally, thirdly, it should be fun.
Gary Wagner
Invest in education. A novice trader jumps into a pool full of sharks. To survive, you need good protection and very large teeth.
Richard Dennis
Think about whether you are doing the right thing, not about the outcomes of individual trades, which are essentially random.
Jason Zweig
When greed or fear reigns in the market, people start to think alike. Therefore, very often many people buy at the top of the market and sell at the bottom.
Michael Steinhardt
A good trader is first of all a person who knows how to curb the desire to follow his theories to the end, and who has enough mental flexibility to understand where and when he can make a mistake.
Julian Robertson
The goal is to find the top 200 companies in the world and invest in them, then find the worst 200 companies in the world and go short on them. If the top 200 don't beat the bottom 200, then you'd better try your hand at another business.
Of course, not all the great and certainly the best traders in the world were included in the list, but I considered this list to be of high quality. Write your opinion which of them is superfluous or vice versa, maybe you think that someone should definitely be added. All wishes will be taken into account.
For today I have everything. Until new articles and I look forward to your comments on the article. Happy trading.
There are contrary to everyone who says that on the currency exchange you can only lose money, not earn. No matter what industry you work in, the goal will always be to be the best. Sometimes it just takes a lot of effort to do so.
A trader who constantly improves his trading methods is on the right path to success. Having chosen to make money on the stock exchange, you need to continue to improve, you cannot stand still. This approach works in trading on any trading platform. If you need inspiration for new achievements and achievements, then the stories of famous and successful traders will help you with this.
Who are these successful and rich traders
If you want to be the best, you need to learn from the best. Therefore, we will tell you five stories of the most famous and successful Forex traders:
- Bruce Kovner;
- Bill Lipschitz;
- Andy Krieger;
- Stanley Druckenmiller;
- George Soros.
Let's get acquainted with the history and achievements of each of them in more detail.
Bruce Kovner
Even though Bruce Kovner (Bruce Kovner) the least known billionaire in New York, his trading strategies in currency trading are always up to date. His trading decisions are very smart and bold, which are two of the most important characteristics of a Forex trader. However, as soon as he began to achieve success, he switched to hedge funds. He founded the Caxton Association, which is currently one of the ten most successful hedge funds in the world. With $14 billion in revenue, this company is by far one of the best. On his own, Kovner earns a net income of $4.5 billion.
Bill Lipschitz
Full Time Forex Trader Bill Lipschitz (Bill Lipsitz) also founded and managed an investment portfolio at Hathersage Capital Management. He started trading while still in college. After Lipschitz inherited $12,000 after his grandmother's death, he invested it in risk management and the currency exchange. Through time spent in the library for study, his portfolio skyrocketed to $250,000. This made him one of the most famous and successful traders.
Andy Krieger
As currency trader for Bankers Trust, Andy Krieger (Andy Krieger) stayed away from the Forex market. Everyone is ditching the US dollar due to the Black Friday crash. And, as a result, a certain currency may be overvalued. Krieger tried his luck trading the New Zealand dollar, also known as the Kiwi. His techniques were effective. Through the use of massive sell orders that exceeded the supply of the New Zealand dollar, Krieger succeeded in making billions of US dollars.
Stanley Druckenmiller
The main reason why Stanley Druckenmiller (Stanley Druckenmiller) considered one of the famous and successful traders is his successful double bet on the same currency. He made his first bet after the fall of the Berlin Wall. On that day, Druckenmiller made a billion dollars in revenue. Because of this fluctuation, the Deutsche Mark became significant on the foreign exchange market. Stanley's second bet on the same currency was also an unbeatable hit. He bought German bonds as stocks have been less positive in recent years.
George Soros
The most famous and successful Forex trader in the world. George Soros (George Soros)- the king of the game on the currency exchange and this fact is beyond doubt. Ultimately, Stanley Druckenmiller and Andy Krieger worked for him. The professional solutions and expert advice of George Soros made these traders more successful. However, Soros, along with his students, did his best to break the Bank of London and put the British pound in his hands.
Soros' most successful trades bring him at least one billion dollars. This is a normal day for him. For many traders, George Soros can be a role model and inspiration. If you want to feel the taste of victory in the game on the Forex exchange, you should definitely study Soros trading strategies.
Watching successful people has been useful at all times and in all areas of activity. This allows you to learn from their experience, not repeat mistakes, and also to better understand what you do.
The sphere of trade in the market is also no exception. In various areas of trading, many people have achieved tremendous success, and today we will talk about the largest players in the exchange. The best traders in the world in our today's top!
Famous financier and trader Larry Williams
Larry is known not only as a successful trader, but also as an author of several books on finance, a consultant and an editor. Many people know him because of the regular victories in the fight for the Robbins Cup, received by the best futures traders.
It took Larry less than a year to make $1.1 million with only $10,000 initially.
Williams ran for Senator from Montana twice, at different times many well-known magazines wrote about him - Forbes, Barrons, Wall Street Journal, etc. In many of them, he also published and continues to publish his own articles related to finance.
Over 40 years of experience in finance, as well as deep knowledge of the market, allow Larry Williams to remain one of the most respected Finns. consultants over the past 25 years.
George Soros in front of cannabis on canvas
J. Soros is one of the most famous and respected financiers in the US, whose main activity is related to investments. George has created a number of hedge funds as well as many charities around the world.
The dollar billionaire who has written several books on finance has real estate in several countries, incl. in the US and Britain.
Today, George is predominantly a currency speculator. Convinced that the market is chaotic, Soros denies those. analysis. He analyzes information in the media, building a trading strategy based on the fact that the behavior of the market depends solely on its participants.
Peter Lynch - investor, former head of the Fidelity Magellan Fund
Now a successful American restaurateur and major investor, billionaire Peter Lynch was once an employee at a golf club. There, hearing the conversations of the club's wealthy clients, he first became interested in the market.
It was necessary to study, but this required money, which Lynch earned by taking possession of the shares of a small company. The company soon went uphill, as the investor expected.
For a long time, Peter was engaged only in investments, having come into the world of trading at the age of 52. But, thanks to his experience in finance, he was able to increase the capital of the company he worked for from $17,000 to $20 million in just three years.
Today Peter Lynch is engaged not only in investments. He writes books about trading and also owns a chain of restaurants.
Stephen Cohen - master of short-term investments
America became the birthplace of Stephen, and he became interested in trading while studying at the Faculty of Economics. He started with the stock market and a capital of $1,000, earning $8,000 on the first day.
Steven is a scalper, and with several hundred trades, he is able to make $100,000 in one day without even following the financial news.
In 1992, Stephen opened a hedge fund with a $25 million investment. Today, Cohen's company manages several billion dollars of capital, and Steven handles the most risky deals personally.
The trader's personal fortune is estimated at 10 billion US dollars.
Trader Analyst Michael Markus
Michael began his career as a financier as a commodities analyst and quickly became famous for his unusually accurate forecasts. But Marcus soon realized that he would earn much more if he traded on his own.
From the first deal on securities, Michael Marcus earned $ 700, from the second - already 12 thousand.
Over time, Michael developed his own trading strategy, which was based on the principles of fundamental analysis. Thanks to her, he was able to earn more than 640 thousand dollars in a year.
Such success did not go unnoticed, and soon Michael Marcus was invited to the official position of a trader in a large company, the capital of which after his arrival was increased by 2,500 times.
Young Trader John Arnold
John is a successful young trader and the founder and current leader of Centaurus Energy Advisors. He began his career on the stock exchange in a small organization in 2001, and in the same year he became a millionaire.
After the closure of this company, John decided to start his own business and founded Centaurus. John's company is engaged in the production and supply of electricity.
John Arnold is one of the youngest dollar billionaires in the world who made his fortune by trading on stock exchanges. At the same time, there are almost no reliable facts about Arnold's life, which creates an aura of mystery around him.
John's fortune is estimated at an average of 3 billion US dollars.
Investor dancer Nicholas Darvas
Nicholas was born in Hungary at the beginning of the last century. He became interested in finance during his studies at the Faculty of Economics at the University of Budapest, but for a long time Nicholas's main activity was related to dancing.
So, he and his half-sister Julia have long been considered one of the most successful dance duos in the US and Europe. But in parallel with dancing, Nicholas continued to be interested in the market and read many books in his spare time.
While touring with a dance group, he played the stock market, sending orders to his broker by telegraph or telegram. Darvas had his first big market win during the 1957-58 bull market when he made $2,450,000 in just a year and a half.
After that, he continued to trade successfully, while touring all over the world. And even years later, Darvas continued to improve his trading system, striving for perfection until the last day of his life.
famous women traders
Professional trader since 1981 - Linda Raschke
Linda's career as a trader didn't work out at first. After graduating from college, she tried to get a job as a broker, but no company hired her.
Then Linda took a position as an analyst at Crown-Zellerbach, a paper manufacturing firm, and also began trading options. Linda's extraordinary abilities impressed her mentor and the company decided to give her $25,000 for trading, which was the minimum deposit at that time.
In the first three months, the deposit was doubled, but after that a number of unsuccessful deals were made, as a result of which Linda lost 80 thousand. These were not the last losses in Raschke's career, but she always found the strength to continue trading, which allowed her to become one of the most successful traders of our time.
Dina Mehta
Dina Mehta is a businesswoman, broker, investor, financial advisor and social activist from India. She currently holds the position of Managing Director and Executive Director of Asit C. Mehta Investment Interrmediates Ltd.
Dina became one of the first women to be a member of the Bombay Stock Exchange in Mumbai and later became the first woman to lead the organization.
Trader on the London Stock Exchange Clara Furze
Clara is best known for being the first woman to officially trade on the London Stock Exchange, which she later took over in 2001. In over 25 years of working in finance in various fields, Clara has been able to reach the level of an annual income of 1.5 million pounds.
Clara looks great at her age, but behind the appearance of a sweet woman, nerves of steel, a flexible mind and tough discipline are hidden. All these qualities have allowed Clara to become one of the most successful and famous women in trading.
Single trader Cynthia Case
Cynthia began her career at Standard Oil of California as a Chemical Process Engineer. In 1983, the company needed a trader, and Cynthia began to learn the basics of working with the market.
Almost 10 years later, Cynthia Case founded Kase and Company Inc, where she developed technical indicators. Cynthia has developed one of the most effective strategies in the history of the Forex market, based on the principles of technical analysis.
Her system perfectly combines technical indicators with various psychological triggers, predicting price fluctuations based on individual rather than collective psychology.
Successful retired trader - Ingeborga Mootz
Ingeborga occupies a special place in the world of traders due to her venerable age. She was born in 1922, and entered the world of stock trading at an advanced age.
At the same time, in just 10 years after starting her career, she became one of the best German traders. Today she tops the list of top players in Germany, lectures on finance and teaches other retirees the difficult trader's craft.
It was the top richest traders in the world. If you were interested, subscribe to blog updates and share the article on social networks using the buttons below.
The history of the stock and currency markets is inextricably linked with the names of many well-known traders and famous stock speculators. Some of them achieved success and prosperity, for some it did not end so well.
William Delbert Gunn
One of the most famous traders in the world, whose name is still shrouded in many legends, is William Gann. He managed to increase the starting capital by 30 times in a couple of months using his own market analysis techniques. He made a lot of very accurate price predictions and wrote several books in which he describes some of the secrets of his trading. Gunn died at the age of 77 in 1955.
There is conflicting information about how much he managed to earn. Some say that he died almost in poverty, others that he left his children an inheritance of millions of dollars. It is already difficult to establish the truth, but it is known that at the age of 76 he bought himself an expensive high-speed yacht. In any case, Gann methods are actively used by traders in trading and allow you to get high profits.
Victor Niederhoffer
Victor started his trading activity in 1965, having opened his own brokerage company with an authorized capital of only $400. In 1980, he created his own consulting company, her work attracted the attention of George Soros. Niederhoffer starts working for a billionaire as his CEO and succeeds in this job.
The first major failure of Niederhoffer was the investment of the bulk of his assets in the Thai economy, he miscalculated and lost more than $ 50 million. Then followed the failure in the American market, the result was a complete loss of fortune plus a debt of 2 million dollars.
Victor had to sell his house and start from scratch, the result was a new fantastic take-off. On the wave of success, Niederhoffer opened his hedge fund, but again failed - the fund had to be closed when its losses exceeded three-quarters of its assets. Despite a relatively unfortunate end to his career, Niederhoffer remains a trading legend.
Bill Williams
The name of this person is very well known, the indicators and trading strategies he created are still relevant, he is one of the most famous traders in the world. He got his first experience of trading on the stock exchange in his youth, but real success came only when Williams stopped relying on existing technical analysis systems and developed his own.
Bill Williams is the author of several highly acclaimed books. In addition, he is a billionaire, the founder of the trading school, and one of the most respected people in this field. His story shows what a person who believes in himself can achieve.
Famous traders of Russia
There are well-known traders in Russia, there are quite a lot of them. For example, among the well-known names can be called Alexander Gerchik. He worked in an American brokerage company, achieved good success. Currently, he earns by teaching other traders, conducting various seminars and publishing books on trading.
Maxim Zakharov is known as the creator of an original automatic trading system that can generate income up to 3000% per year. He claims that his system does not require optimization and works in any market.
Veronika Tarasova can be named among female traders, her success in Forex became the result of her ability to analyze her actions and not give in to emotions.
Analyzing the successes of great traders, one can see that success did not come to any of them immediately. Everyone had to work hard, and first of all, on themselves. Books by Bill Williams, Victor Niederhoffer and other famous traders you can download for free from our website, they will give you a lot of useful information.
The world's most successful trader made $2 billion in a year
Trader Daily magazine published the Top 100 best traders of last year. In order to be on the list, a trader had to earn at least $50 million last year, and to get into the top five most successful ones, more than $1 billion.
American John Arnold was recognized as the best, having earned $ 2 billion over the past year. Interestingly, this Houston resident is the youngest trader on the list - he is only 33 years old. Arnold is a former employee of the infamous Enron Corporation, which went bankrupt in 2001. The correct forecast of natural gas prices has brought huge profits not only to him, but also to the company Centaurus Energy, where he currently works.
Second place belongs to a New Yorker, 68-year-old James Simons, who likes to file a lawsuit in arbitration on various occasions. As an employee of Renaissance Technologies Corp., Simons earned more than $1.5 billion. In the past, he was an equally successful NASA specialist in the rocket field. In general, James Simons began his career as a mathematician for the US Department of Defense during the Vietnam War.
Followed by 44-year-old Eddie Lampert and 78-year-old veteran Boone Pickens. Their income is estimated in the range of 1 to 1.5 billion dollars. Lampert is an employee of the investment company ESL Investments, formerly of Goldman Sachs. Pickens traded practically with his own money. Half of BP Capital's $3.6 billion is Boone Pickens' own funds.
The list of the most successful traders also includes Robert Soros, the son of billionaire George Soros. According to the magazine, the top 100 most successful traders earned $241 million in 2006 on average. At the same time, 40 people out of this hundred work in New York, and another 27 in London.
For the second year in a row, Renaissance Technologies CEO James Simons tops Alpha Magazine's annual hedge fund manager income rankings. He made $1.7 billion in one year. Ken Griffin, head of Citadel Investment Group, is second on the list with $1.4 billion. In third place is Edward Lampert of ESL Investments with $1.3 billion.
George Soros earned $950 million. The top ten also included Steven Cohen, SAC Capital Partners ($900M), Bruce Kovner, Caxton Associates ($715M), Paul Tudor Jones, Tudor Investment ($690M), Tim Barakett, Atticus Capital ($675M) , David Tepper, Appaloosa Management ($670M), Carl Icahn, Icahn Partners ($600M).
In order to become a member of the rating, it was necessary to earn at least $ 250 million - that is, twice as much as a year earlier or eight times more than five years ago. The total income of 25 participants in the rating amounted to $15 billion. According to Financial Time, it exceeds Jordan's national income. And The New York Times notes that from this money it would be possible to pay salaries to 80,000 New York school teachers for three years. Alpha Magazine writes that the average age of the rating participants was 51 years. Only three are under forty, including 32-year-old John Arnold (Centaurus Advisors).
Some observers find these numbers excessive. “It begs the question, what are they doing, why are they being paid so much money,” says economist J. Bradford DeLong of the University of California, and he himself answers. "It's a mystery shrouded in darkness."
Even within the manager's community, such earnings cause an ambiguous reaction. “Obviously, this is absolutely indecent,” says Mark Larsey, founder of Avenue Capital Group. However, I'm not saying that it shouldn't be done. It's just indecent."
Based on materials from foreign Internet sites