⚡️The 7 Best Traders in the World
The richest and best traders in the world aren’t trading their own accounts to pay the weekly grocery bill and monthly rent they are managing billions of dollars to grow their clients capital over the long term.
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The best traders in the world are under pressure not only to make money every month but also must keep their clients satisfied with their performance.
These top traders not only have to beat the market returns but trade in markets with enough liquidity to execute.
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These traders are in the major leagues of the markets and are rewarded for it. Maximum pressure, big trading size, and clients that demand results monthly and yearly. They are also entrepreneurs as they run firms and manage employees.
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To be considered the best you would have to filter for these following variables.
1. Long term returns on AUM
2. Size of AUM
3. Consistency of returns
4. Size of drawdowns in trading capital
5. If they ever blew up accounts
6. Personal wealth built through trading.
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Jim Simons has a $21.6 billion current net worth. He founded Renaissance Technologies that runs the Medallion Fund the most successful quant fund in history. It runs a $10 billion black-box trading strategy and now only manages capital for Renaissance’s owners and employees
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Ray Dalio has an $18.0 billion current net worth. He is the founder of Bridgewater Associates, the world’s largest hedge fund firm, it manages $160 billion.
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Carl Icahn has a $14.3 billion current net worth. His primary investing vehicle is Icahn Enterprises ticker symbol “IEP”. He also manages his own investment fund consisting of his own money and Icahn Enterprises funds.
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Steve Cohen has a $14 billion current net worth. He ran SAC Capital, another one of the most successful hedge funds of all time. He had to close SAC Capital after the fund plead guilty to insider trading. Cohen was fined $1.8 billion in penalties.
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Ken Griffin has a $12.8 billion current net worth. Founded and manages Citadel, the legendary hedge fund that has $30 billion in AUM. He also founded Citadel Securities, Wall Street’s largest market-making firms, which executes one in five stock trades in the U.S.
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David Tepper has a $12.7 billion current net worth. He was one of the best hedge fund managers of his generation. He is the founder and president of Appaloosa Management, a global hedge fund based in Florida.
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George Soros has a $8.3 billion net worth. He managed the Quantum Fund, the most successful hedge fund generating over $40 billion in profits and produced approximately 20% per year compound returns before returning their capital and closing it to outside investors.
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These are currently the richest seven traders in the world and it is highly probable that they are the best traders in the world.
Shared by Steve Burns
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