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Net Worth [for 2024]

Top 11 Richest Forex

Traders and Their Net
Worth [for 2024]
11 mins read ● Last Updated: 7 February 2024

Written by Reviewed by
Tom Chen Nick Quinn

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In trading, much like any other field, only a few

can make it to the top. For them, the forex
market is a place to grow wealth and a lot. And
they are known as the world’s richest traders.

In this inspirational article, we have listed the

world’s top 11 richest forex traders and their net
worth. We’ll also talk about the potential income
traders can make from forex trading and the
top trading skills shared by top forex traders.

Table of Contents

How Much Do Top Forex Traders Make?

Trading Skills Shared by Successful

Traders

Top 9 Forex Richest Traders of All-Time

and Their Life Stories

Can I Get Rich Trading Forex?

How to Improve Your Forex Trading

Performance?

Summary

Who are the Top 9 Richest

Forex Traders of All-Time
(for 2024)

No. Trader Net worth

1. Ray Dalio 15.4 billion

2. Paul Tudor Jones $8.1 billion

3. Bruce Kovner $7.7 billion

$7.59
4. Joe Lewis
billion

5. George Soros $6.7 billion

Stanley
6. $6.2 billion
Druckenmiller

7. John Arnold $3.3 billion

8. Andrew J. Krieger $3 billion

9. Bill Lipschutz $2 billion

10. Marty Schwartz $1.5 billion

11. Michael Marcus $1.4 billion

Let’s come to the juiciest part of the article.

Here, we’ll mention the eight richest forex
traders on the planet. Let’s start!

1. Ray Dalio

From the tender age of 12, Ray Dalio showcased

his financial prowess by investing $300 in
Northeast Airlines and seeing a threefold return
when the airline later merged. Fast forward to
1975, after earning his credentials from Harvard
Business School, Dalio embarked on a new
venture.

Starting from the confines of his modest two-

bedroom apartment in New York City, he
established Bridgewater. This brainchild of his
swiftly climbed the ranks in the 1980s, and by
2011, it proudly stood as the world’s most
prominent hedge fund.

Today, according to Forbes, Ray Dalio is the

richest forex trader in the world, with an
estimated net worth of $15.4 billion.

2. Paul Tudor Jones

Paul Tudor Jones, the founder of the Tudor

Investment Corporation hedge fund, is known
for his macro trades, notably his bets on interest
rates and currencies.

Tudor, who is allegedly the richest forex trader in

the world, made significant gains by placing
massive short bets before the 1987 crisis, which
made a pretty nice profit of $100M.

Since then, Jones mostly focused on interest

rate fluctuations in the forex market. Jones was
also the chairman of the New York Stock
Exchange between 1992 and 1995 and founded
the Robin Hood Foundation.

According to Forbes, Paul Tudor Jones has a net

worth of $8.1 billion.

3. Bruce Kovner

Bruce Kovner is a well-known hedge fund

manager and investor. He spent a year
studying everything he could about the
financial markets before taking the plunge and
borrowing $3,000 on his credit card for his first
investment to end with a profit of $22,000.

This helped Kovner become a prop trader for

Commodities Corporation, which enabled him
to amass a fortune and reputation as one of
the most successful forex traders in the industry.

Ultimately, he gained recognition after

establishing Caxton Alternative Management in
1982. Unsurprisingly, Kovner eventually turned it
into one of the world’s most profitable hedge
funds.

According to Forbes, Bruce Kovner is one of the

richest forex traders in the world, with a net
worth of $7.7 billion.

4. Joe Lewis

Joe Lewis began working at fifteen to assist his

family’s catering business. Lewis sold the
company after inheriting it and started his
career in currency trading.

Lewis is considered part of a group of

speculators who teamed up with George Soros
to bet on the pound exiting the European
exchange rate mechanism in 1992. The pound
was driven out, partly due to their efforts,
costing the Treasury an estimated loss of £3.4
billion and producing significant gains for Lewis,
Soros, and others. Lewis, by the way, allegedly
made a nice profit of $1.8B from this trade.

Bloomberg has Joe Lewis’ net worth at $7.59

billion, making him the fourth richest forex
trader in the world today.

5. George Soros

One of the most famous traders on our list is

George Soros. The legendary hedge fund
manager and perhaps the most successful
forex trader of all time.

In 1954, upon graduating with his MA degree

from the London School of Economics, Soros
began his trading career by taking merchant
banking positions in the US and UK. And from
there, his remarkable trading career began to
take off.

In 1969, Soros founded his first hedge fund,

Double Eagle (later renamed Quantum Fund),
and in 1970, he founded his second hedge fund,
Soros Fund Management.

George Soros is recognized for being a hands-

on trader with a fantastic ability to make
money. His 1992 short-sell position of the British
pound, which almost brought down the Bank of
England and gave him a $1 billion profit, earned
him the title “the man who broke the Bank of
England.”

However, Soros is a controversial figure and is

often linked to different conspiracy theories (we
highly recommend watching the documentary
about George Soros).

According to Forbes, George Soros has a net

worth of $6.7 billion, making him one of the
richest forex traders out there today.

6. Stanley Druckenmiller

Druckenmiller, one of the wealthiest forex

traders today, began his career in the business
sector by earning a degree in economics. After
learning the ropes, Druckenmiller established his
own investing business, Duquesne Capital
Management, in 1981.

He built such a solid track record that hedge

fund superstar George Soros hired him to work
at the Quantum Fund from 1988 until 2000. His
popularity grew after he was included in the
best-selling book The New Market Wizards,
published in 1992.

Druckenmiller mentioned several times that his

strategy focuses on the idea of maximizing
profits when the trade is profitable and
minimizing losses when the trade is wrong.
Makes sense. In 2010, however, Druckenmiller
shut down his hedge fund on the claim that the
enormous amount of capital he was managing
had been interrupted to continue performing
successfully.

Stanley Druckenmiller has a net worth of $6.2

billion, according to Forbes.

7. John Arnold

John Arnold started his career at Enron in

1996, quickly moving to natural gas derivatives
trading. He became known as the “king of
natural gas” for his successful
strategies, reportedly generating $750 million
for Enron in 2001.

After leaving Enron in 2002, he used his bonus to

establish his own hedge fund, Centaurus
Advisors, specializing in energy trading. The fund
generated significant returns, making Arnold a
billionaire by 2007. In 2012, at the age of
38, Arnold surprised the financial world by
closing Centaurus and transitioning to
philanthropy. He and his wife founded the Laura
and John Arnold Foundation, later renamed
Arnold Ventures, focusing on various social and
public policy issues.

He remains involved in energy through

investments in solar farms and deepwater oil
projects. He also serves on the board of
Breakthrough Energy Ventures, a clean energy
initiative founded by Bill Gates.

Forbes estimates John Arnold’s net worth to be

about $3.3 billion.

8. Andrew J. Krieger

Andrew J. Krieger, or Andy as he is more often

known, is one of the world’s most aggressive
forex traders.

His trading career spans over 30 years, and he

is most known for his 1987 Black Monday
strategic play, which broke the New Zealand
Central Bank and netted him over $300 million
in one day. His sell orders were said to exceed
New Zealand’s entire money supply.

Krieger joined George Soros’ Soros Fund

Management in 1988. After a brief stint, he
established Northbridge Capital Management
Inc. and Krieger & Associates Ltd.

Although we found no reliable source to back it

up, some have placed Andrew J. Krieger’s net
worth at about $3 billion.

9. Bill Lipschutz

Bill Lipschutz began trading in the late 1970s

while attending Cornell University. During that
period, he turned $12,000 into $250,000, but he
lost the entire investment due to a terrible
trading mistake.

Lipschutz became a part of the infamous

Salomon Brothers trading program. Lipschutz
then joined their newly formed foreign
exchange department, and within a few years,
he was able to generate a steady $300 million
for the firm. That has made him one of the most
successful and richest forex traders in the
world.

Sources claim that Bill Lipschutz has a net worth

of $2 billion. We found no reliable source to
back this up, though.

10. Marty Schwartz

Martin S. Schwartz, also known as “Buzzy,” is a

highly successful Wall Street trader who made
his fortune trading. He gained wide recognition
for his achievements, including winning the U.S.
Investing Championship in 1984. This prestigious
competition cemented his reputation as a
skilled trader.

He generated substantial wealth through his

trading career, with some sources estimating
his daily earnings reached $70,000, even netting
millions in one day at some point.

He served in the U.S. Marine Corps Reserves

before working as a financial analyst when he
authored the book, “Pit Bull: Lessons from Wall
Street’s Champion Day Trader,” where he shares
insights and strategies about trading.

Marty Schwartz is considered a legend in the

trading world, admired for his discipline, work
ethic, and ability to capitalize on market
opportunities. His book and trading principles
continue to influence aspiring and experienced
traders alike.

Marty Schwartz is said to have a net worth of

$1.5 billion. We were unable to confirm this from
any reliable source, though.

11. Michael Marcus

Net Worth: $1.4 billion (We found no reliable

source to back this up)

Everyone enjoys a “rags to riches” story, and

trading is no exception. Marcus entered the
financial markets as a research analyst for a
brokerage shortly after graduating college in
1969.

In 1972, he risked everything by investing his life

assets of $700 in plywood futures. Yes, that’s
right, plywood. Marcus easily doubled his initial
$700 investment to $12,000. A year later, he
nearly tripled his investment, turning $24,000
into $64,000.

He began working as a trader for a commodity

firm in August 1974. As a trading fund, the
corporation provided him with $30,000.

After around ten years, the fund’s yield had

increased to about 2,500 times, with a total
value of $80 million. By percentages, Marcus is
possibly the most successful forex commodities
trader of all time.

Michel Marcus passed away in 2023. But before

then, sources claim he had a net worth of $1.4
billion. We found no reliable sources to back this
up, though.

How Much Do Top Forex

Traders Make?

Many top traders see their forex accounts

gaining 5-10% per month. Of course, this isn’t
consistent as markets are unpredictable, but
most of the time, pro traders can make such a
percentage as ROI.

Generally speaking, though, the return forex

traders make is determined primarily by how
much money they invest. While every forex
trader has the ability to invest a different sum,
numbers can be significant when you calculate
the profits in percentages rather than in
absolute numbers.

So, what’s considered a good monthly return for

forex traders? Many pro traders see their forex
accounts gaining 5-10% per month. Of course,
it isn’t consistent as markets are unpredictable,
but most of the time, pro traders can make
such a percentage as ROI.

But, this calculation also means that you need

an account balance of at least $100K to make
a monthly gain of $5000, a sum that not every
person can invest in starting a forex trading
career.

That’s one of the many reasons why prop

trading firms are willing to allocate capital for
forex traders. As most people do not have the
initial capital to start their trading business, a
prop trading firm provides traders with real
capital and enables prop traders to keep 70% of
the profits. You can learn more about
proprietary trading from our guides.

What are the Trading Skills

of Successful Traders?

Pro traders could make a 10% profit in a month,

but it isn’t easy. They have specific skills and a
proper plan for executing a trade.

So, here’s how successful traders stand out

from the herd:

Richest Forex Traders – Trading

Techniques and Secrets

Successful forex traders have a proper

risk management approach.

Successful trading consists of three

components: cutting, cutting, and
cutting losses.

The world’s best traders spend time

discovering a method that works for
them and developing a trading system
around it.

Most successful forex traders follow one

trading rule: analyze price charts to
discover the optimal entry and exit
positions.

Successful traders keep track of their

trades. It allows them to learn from
every trade and improve their trading
abilities.

The world’s finest traders strike a

balance between trading and life. They
recognize that focusing just on trading
does not equate to success.

Successful traders are fearless in their

trading. They have great faith in their
trading strategy.

A successful trader is like a lion, waiting

for the ideal chance to go for the kill,
and when he does, he seldom fails.

Can I Get Rich Trading

Forex?

You can get rich trading forex. But note that

many resources agree that at least 90% of forex
traders are losing traders.

Also, keep the following in mind before you give

it a shot. Profits should be the second thing on
your mind, and risk management should
come first. Of course, we all know forex trading
is risky, but gain comes with risk. Your goal is to
profit from measured risks taken at the right
time.

If you want to make money trading forex, you

must focus not only on your strategy but also
on your mindset. You remain responsible and
must have faith in what you are doing and the
courage and determination to take risks at the
right moment.

Many people back out because they are

unwilling to risk their capital, and rightfully so.
Trading with your money is much more stressful
than trading with other people’s money. You
can ask any trader from the above list, and they
will likely tell you the same thing. They did it with
investors’ funds. Now, we have a solution for you.
You can sign up as a funded trader and trade
with funded capital.

“The goal of a successful trader is to

make the best trades. Money is
secondary”

Alexander Elder

How to Improve Your Forex

Trading Performance?

If you want to improve your forex trading

performance, the first thing you need to do is
learn. Even if you are currently profitable,
learning is a constant requirement to stay
ahead of other traders. So, here are some tips
that might help you improve your trading
performance:

You must understand the market’s primary

drivers and the main factors that affect
currency price movements at any given
moment.
Read trading books, watch trading
documentaries, and see videos online that
will help you understand how financial
markets work and the psychology behind
trading. If you would like to get additional info,
you can visit some of the top forex forums
and find relevant discussions or check some
of the top forex trading podcasts.
If you are a beginner, we provide a free forex
course that you can complete. You will learn
everything from the basics, like bid/ask
prices, to how to trade the most popular
chart patterns. You can also use our free
trading tools to improve your forex trading
and join our trading room. In there, you get
access to daily live streams from our trading
analysts and join a community of traders.
Stay organized and analyze your
performance. To do so, use a trading plan
template and review your trading results
every day, week, and month.
Practice, and a lot. Build trading consistency.
In trading, you must practice and backtest
your forex trading strategy before you apply
it in the live markets. Even professional
traders are often dropped to the bench to
practice on a demo account so they can
gain confidence and clear their minds.

Risk Disclosure: The information provided in this article is not

intended to give financial advice, recommend investments,
guarantee profits, or shield you from losses. Our content is only for
informational purposes and to help you understand the risks and
complexity of these markets by providing objective analysis. Before
trading, carefully consider your experience, financial goals, and risk
tolerance. Trading involves significant potential for financial loss and
isn't suitable for everyone.

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