Who Are The Famous Traders Who Once Had Wall Street In Their Palms?

Many of the famous traders have moved to multiple other careers. For instance, John Key, who served as the 38th Prime Minister of New Zealand, and Jimmy Wales, who is the founder of Wikipedia. However, some traders are still there who are just known to the world as famous traders.

When we look at the lives of the world’s most famous traders, we see both triumph and tragedy. We may also see some of the exploits getting mythological status within the industry.

In this article, we shall be discussing some of the most famous traders around the world and see all that they have accomplished after going through an enormous amount of trouble.

Key Takeaways On Famous Traders

• Stock traders generally do not become some of the most common household names. Only a few of them reach a position where they are well-appreciated for their skills in the market.
• The ones that do rise to fame do it with the total combination of luck, skills, and a lot of determination.
• Some of the greatest traders or investors in the history of America have the names of hedge fund managers, investors, and speculators on the list.
• Each of these famous traders who are there in the list has a completely different style of trading. This goes from the fundamentals to the technical analysis.

Jesse Livermore 

Jesse Livermore was one of the most famous traders in America. He was not just famous for his substantial gains in the market but for the profits too. He had successfully shorted the infamous 1929 market crash. As a whole, he was successful in building his profits to $100 million. However, in 1934, tragically, he lost all of his money and committed suicide in 1940.

Livermore had rebounded from multiple bankruptcies while he was building his wealth. While he could skillfully overcome the first two, the last one demolished him. This, along with his family stress and tragedies, led him to commit suicide.

William Delbert Gann 

WD Gann was a popular trader who believed in market forecasting technology. This method was based on astrology, geometry, and ancient math. He used some of his suspicious technical tools, including Gann fans, Gann angles, and the Square of 9. Gann had written multiple books and taught courses along with trading. It is said that one of his favorite books that helped him learn was the Bible.

There has been a lot of confusion regarding the money that Gann made. Some have made speculations that his money did not even come from trading but from his books and courses.

His estate had a valuation of more than $100,000 at the time of his demise. That may not sound like a lot of money, but we are talking about the year 1955.

George Soros 

Along with being one of the most famous traders in 2023, George Soros is also one of the most notorious as well as wealthiest traders to date. It is said that the man has amassed around $6.7 billion. He is also a survivor of the holocaust and is a philanthropist.

Soros was born in Hungary in 1930. He is also the chairperson of Soron Fund Management.

His company is one of the most successful organizations in the history of hedge fund management. He also earned the name “the man who broke the Bank of England” in the year 1992. This happened just a little after his small sale worth $10 billion British pounds, which yielded a tidy $1 billion profit.

Jim Rogers 

Jim Rogers, as we all know, is the chairperson of Rogers Holdings. He was also the co-founder of the Quantum Fund alongside his partner George Soros in the early years of 1970. He had a staggering profit of 4,200% in the total span of 10 years.

Rogers had also served in the US Army at the time of the Vietnam War from 1966 to 1968. He used to work at Wall Street before serving in the army. Upon his return, he started working at an investment bank. It was exactly at this time that he came across Soros, and the rest is one of the greatest stories that trading history consists of.

Richard Dennis 

Richard Dennis is one of the most famous traders in the whole world. So much so that he is popularly known as the “Prince of the Pit.” He first made his mark in the world of trading as an extremely successful commodities trader from Chicago.

He reportedly had acquired a fortune of $200 million in just ten years from speculation. But the most appreciative fact is that he started with just $1,600.

Dennis was also the co-developer of the mythical experiment Turtle Trading along with his partner William Eckhardt. However, he went through a major loss, first at the market crash of 1987 and once again in 2000.

Paul Tudor Jones 

Jones is one of the most famous active traders who is said to have earned around $7.5 billion as of 2023. He is the founder of the Tudor Investment Corporation, which is one of the biggest hedge funds in the world. Jones received extreme popularity after earning a total of $100 million from the market crash of 1987 after predicting it on national television.

John Paulson 

If you have heard of the infamous hedge fund Paulson & Co., you definitely have heard of John Paulson. He walked to the top of the financial world after he successfully made billions of US dollars in 2007 by only using credit default swaps to effectively sell the short US subprime mortgage-giving market.

It is believed that the total $4.4 billion fortune was majorly earned by helping others build their wealth. However, he had to let go of a substantial amount of his own money in 2020 because of the wrong steps that he had taken on healthcare, pharmaceutical, and gold stocks. As a result, a huge number of investors left his hedge fund.

The Bottom Line

Becoming a household name in the stock market is never easy. There are a lot of complications that one has to go through to become the most famous trader of all time.

All these people had to go through extensive struggle, the kind we cannot even imagine. And only then they were able to acquire the position and the money that they deserved.

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