A ranking of the richest traders. What do we know about them

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A ranking of the richest traders. What do we know about them?

Trading on financial markets attracts people not only through it’s interesting mode of operation and profiting, but also as an opportunity to become a successful and famous person. And, of course, every potential trader invariably assumes that it is they who can repeat the successes of the most famous players on the financial market. Today we present the most famous and wealthy traders who, thanks to their own talent and personal philosophies, have been able to achieve new levels of success. This material will reveal the main formative stages of these well-known investors as traders, as well as interesting details from their biographies.

And now, the undisputed leader of our list is the richest and most famous investor, Warren Buffett, who now ranks among the top five richest people in the world.

Warren Buffett

The investor’s wealth today has reached 100 billion dollars, but it all began with a minimum amount of investment and his own innate entrepreneurial talent. Warren Buffett was born in 1930, and the very fact that he was born into the family of a stockbroker predetermined the fate of this undoubtedly talented person. In early childhood, Warren demonstrated mathematical talent – the boy could easily solve complex calculations, which, according to many, became the key to his success in trading. Buffett earned his first money at a very young age doing simple operations with cans of Coca-Cola. He bought a pack of soda at wholesale price and then sold the empty cans for recycling! His first profit was only 5 cents, but this revealed Warren’s entrepreneurial talents. His next deal was a joint investment of money with his sister in shares of a utilities company – this was at the age of 11! Having bought only 2 shares of the enterprise, the novice investor was only able to earn a minimum of funds, but according to Buffett himself, this taught him a lot and helped him create his own investment philosophy, which consists of the simple expression “patience is a virtue.” The reason for this is that the shares bought by the investor for $38 each almost immediately fell to $27, which made the future leader of the world ranking of traders very nervous! Warren sold the shares when they reached the price of $40, but after some time they actually went up to $200! That’s how the investor learned his first lesson, which later brought him billions!

Today, Warren Buffett owns a stake in one of the largest investment funds, Berkshire Hathaway, which holds securities from such giants as Apple, Google, and Amazon. Owing to his work and successful investments, Buffett is called a “Seer” and an “Oracle” on the financial market. However, as the investor himself notes, almost all of his personal investments, especially at the initial stage of his career, were not entirely successful. He earned his fortune without predicting market fluctuations, but simply by clearly calculating his actions on the market and exercising patience. It is patience and the ability to curb his emotions during difficult moments that have made him a successful player on the financial market. At the age of 88, Buffett is an active trader and philanthropist – in particular, the investor is a signer of The Giving Pledge campaign, which means at least 50% of his fortune will be donated to charity. Despite his incredible fortune, the trader leads a rather modest way of life and does not spend much on luxury goods.

George Soros

The second line of the ranking goes to a legendary personality on the financial market, George Soros. Despite the fact that this investor does not lead the Forbes listing, his fortune is at $24 billion, he is the most famous trader today. The main reason for this is not only his success on the market, but also his fairly wide-ranging work with charities. But let’s start with his biography.

George Soros (born Schwarz) was born in Budapest in 1936. His family was middle class and not at all involved in investment activities. During the difficult times of World War II, the family was forced to change their Jewish name of Schwarz to Soros. It is worth noting that interestingly the translation of the investor’s name from Hebrew means “foundation,” and from Hungarian “next in line or receiver.” This is surprising not only because of the use of these terms in trading, but also the fact that Soros is an ardent opponent of the notion of “market fundamentalism” – he views the market as a social phenomenon that can change the life of a large portion of the world’s population and criticizes the policies of governments which put the interests of owners and investors at the top. Despite this, Soros is considered to be a most aggressive financial market trader who is almost always working on the brink of financial transaction legality.

Soros began his career as a traveling salesman, selling bags to earn his first money. He began his career as a trader after moving to New York to work at the FM Mager investment company – Soros’ specialization was in international arbitrage deals. His first brainchild on the investment market was Eagle (1967), which quickly attracted a fairly decent amount of investor funds and began to develop successfully. In 1973, Soros founded the Double Eagle Foundation, which also became a successful project. In 1980, Soros already had a fortune of $100 million and was the director of the Quantum fund. Interesting fact: all the investment funds created by Soros never suffered serious losses, although there were sometimes declines in the volume of profit.

After studying and analyzing Soros’ activity on the financial market, it is worth noting that many of the investor’s colleagues refer to him as a “financial extremist” who, through their aggressive activity, sometimes harm the market. In fact, Soros’ most famous transaction was an operation on a decrease in the pound sterling in 1992, which led to a complete change in the monetary policy of the Bank of England. After investing in a contract on a decrease in the value of the pound sterling worth 10 billion pounds, Soros earned at least 1 billion in profit in just one day and coined the term “black Wednesday.” What he did pushed the Central Bank of the United Kingdom to abandon the regulation of exchange rates by completely changing the financial system of England. Despite the fact that many experts talk about the significance of this financial operation on the foreign exchange market as being exaggerated, it is still a classic of financial trading even today!

At the moment, Soros is an active philanthropist and investor who has never focused solely on increasing his own capital.

John Mark Templeton

The third line of this ranking of the most famous and wealthy world traders deservedly goes to this investor. John Mark Templeton, born in 1912 in the US, has become a true stock market legend whose performance has not yet been surpassed!

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Having received an excellent education at Yale and Oxford University, Templeton began his career as an investment lawyer. But after the creation of his own fund, Dobbrow and Vance (1940), he switched to investment activities. In 1954, Templeton opens his second successful project, the Templeton Growth Fund, and becomes the forefather of international investment in stock assets. The main principle of Templeton’s work was searching for companies with securities valued at no more than $1, but which offered good prospects for growth in the long term. In this way the investor achieved very large amounts of profit and never any losses. An interesting fact about his career is that there was a time when any partner of his fund who had invested $10,000 at the initial stage was able to get 2 million, and the annual return on investment was 14.5%, which is a very high indicator for the stock market.

During the course of his career, Templeton created a whole philosophy of efficient work on the stock market, which is actively used by modern traders today. Here are just some of the principles for traders which show the best results:

● Don’t follow the crowd

● Markets are volatile and any asset can make a profit

● Invest in real income

● Use mistakes to learn

● No one can know everything

Such deep reasoning, based on his own experience, enabled the investor to reach a high level on the financial market – many trading professionals refer to Templeton as the greatest collector of 20th century shares and the most successful player on the stock market.

Steven Cohen

The next example of a successful investor is a trader of a new type, who, unlike classic investors, does not prefer medium or long-term capital investments, but rather quick transactions, sometimes completed within one business day. His intuitive and profound knowledge of market processes has allowed Cohen to earn $9.4 billion and become one of the most influential traders on Wall Street.

Steven Cohen was born in 1957 in the United States, and earned his degree in finance at the University of Pennsylvania. He started his career as a trader in private investment: he was a client of the brokerage company Gruntal, through which he conducted his own trading operations on the stock market. Thanks to high profit margins and the stability of his work on the market, he was invited to work for them. Cohen today considers his professional activity with this investment firm as a learning process and time spent building up experience. Only after 14 years did the investor decide that it was time to work independently. In 1992, he founded his own company, SAC Capital Partners, which he successfully heads today. At the moment, Cohen’s company manages $12 billion in capital, and it is one of the most stable investment firms and offers investors the most favorable conditions. Despite his extensive trading experience and large amount of capital, Steven remains a most active trader and brings his own company up to 15% in profit annually.

When describing Cohen’s work on the market, it should be noted that he does not seek to invest in long-term projects and does not study the work of the companies in which he conducts investments. As he says, you can earn much more simply by watching the chart during the day, rather than by studying the development prospects for a certain company and the fundamental indicators of the market. Thus, he can more safely be attributed to the category of aggressive scalpers than to classic investors in stock assets.

Peter Lynch

This investor is called the king of mutual funds. His biography begins in 1944. The life of the future billionaire and one of the most famous traders was extremely difficult in the beginning. He lost his father early on and was forced to work at 10 years old to feed his family. Peter’s main job was at the golf course where he set up balls. As he says today, this was his impetus for becoming wealthy. Being in an environment of wealthy people who mainly engaged in investment activity helped him learn such concepts as the financial market, exchanges, stocks, and investment funds.

He immediately put his first capital of 1,000 dollars into action, acquiring a modest stake in a small airline. This investment almost immediately brought him $10,000. In 1969, Peter had already become an analyst at Fidelity. This company, thanks to Lynch and his analytical skills, was able to occupy the highest line of the Wall Street rankings. Peter Lynch devoted 13 years of his life to the investment fund.

Peter Lynch believed the following postulates to be the fundamental principles that made it possible for him to become a successful trader:

● Always work according to a plan and a clear strategy

● Suppress emotions – the main enemy of any investor

● All drawdowns are consequences of history

● An individual investor is more efficient

These principles and methods of working with financial assets allowed Lynch not only to earn a large amount of capital, but also to become a historic personality in the world of exchange trading.

In conclusion

As you can see, a trader does not need to be born into a rich family to become wealthy and successful, the most important thing is to be able to feel the market, have your own work strategy, and clearly understand what the goal ahead is!

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What is a ranking of the wealthiest Lords in Westeros?

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House Lannister of Casterly Rock

House Hightower of Oldtown

House Redwyne of the Arbor

House Tyrell of Highgarden

House Lannister of Lannisport

House Baratheon of King’s Landing

House Baelish of Harrenhal

House Grafton of Gulltown

House Arryn of the Vale

House Tully of Riverun

House Frey of the Twins

House Stark of Winterfell

House Martell of Sunspear

House Baratheon of Storms End

House Manderley of White Harbor

In short, the wealth of most houses depends on how much money they collect in taxes. A house that commands large tracts of fertile land is likely to collect large amounts of .

Top 10 Richest Men In Nigeria 2020 And Net Worth –>

January 26, 2020 by Richie B.

Interesting details about the ranking of the top 10 richest men in Nigeria and their net worth in dollars – Our Country, Nigeria is highly endowed with high profile individuals just like the fertile soil and mineral resources in our lands. The high profile individuals have not only brought glory to the country but to the whole of Africa at large. This is supported by the fact that in the ranking of the wealthiest men within Africa, Nigeria surfaced as one of the richest. Isn’t that wonderful? So let’s get to know more about the richest men in Nigeria 2020 and their net worth.

Do you wish to know these high profile individuals? If your answer is yes, then gently browse through our content where we revealed the richest man in Nigeria. Meanwhile, not only in dignity and respect do these individuals lead but also in terms of money. Today, many Nigerians have been involved in one form of business or the other in order to make ends meet. But who among them has actually gotten to the stage of being tagged the wealthiest men in Nigeria? I guess you will want to know that. –>

Top 10 Richest Men in Nigeria 2020 And Net Worth

1. Aliko Dangote

Net Worth: $9.5 Billion
State Of Origin: Kano State
Date Of Birth: 10th April 1957
Sector: Commodities –>

On the position number, one of our rankings is the richest man in Nigeria and the 67 th richest individual in the World. When they say a trait is born with someone, I always doubt it until I read about Aliko Dangote. From Junior School level, he has involved himself in petit business to sustain himself. –>

One amazing thing is that it is not that he lacks money since he was born into a wealthy family but the urge to do business will not just leave him alone. In 1977, he established a small trading firm that metamorphosed into today’s Dangote Group which is now a business conglomerate. –>

When it comes to consumer goods like sugar, salt, cement, etc. all other producers are a follower of Dangote Group both in Nigeria and Africa at large. As of now, the entrepreneur holds the ownership of many refineries and manufacturing plants. Aliko Dangote has not only contributed to the economy of Nigeria by investing in the country but has also expanded his investment into neighbouring countries like Ghana, Cameron, Togo, Tanzania, and many others. –>

Currently, he is leading the way in the $9 billion projects that involve the building of a major refinery that will count Nigeria out of those importing oil. What is the net worth of the richest man in Nigeria?

As of now, the estimated net worth of Aliko Dangote is $9.5 Billion. –>

2. Mike Adenuga

Net Worth: $ 8.7 Billion
State Of Origin: Oyo State
Date Of Birth: 29 April 1953
Sector: Oil And Gas, Telecommunication

On the 29 th of April, 1953, the second richest man in Nigeria was given birth. But what makes him the second richest man in Nigeria? Thanks to his investment in the Globacom telecommunication and the petroleum company, Conoil. –>

Being the largest telecom operator in Nigeria, Globacom has extended his tentacles to other countries like Ghana, CoteD’Ivoire, etc. Being the third richest man in Africa, Mike Adenuga had both his basic and secondary school in Nigeria before flying out of the country to study Business Administration in the United State. After receiving his Bachelor’s Degree from North Western Oklahoma State University, he went on to obtain his MSc. Degree in New York at the Pace University. No wonder, he is a business guru!

His company, Consolidated Oil became the first indigenous company to strike oil in large commercial quantities after receiving a drilling license in 1991. Apart from that, his other company, Globacom was also granted a GSM license in 1999 and 2003. Ever since then, his fully indigenous company, Globacom, has been growing as rapidly as possible. Thanks to Nigerians for using Glo. –>

When interviewed on how he got his business mind, he answered “I got my business acumen from my mother who was a successful businesswoman” Currently, the net worth of Mike Adenuga is $8.7 Billion.

3. Abdulsamad Rabiu

Net Worth: $1.4 Billion
State Of Origin: Kano State
Date Of Birth: 4th August 1950
Sector: Manufacturing, Agriculture, and Infrastructure –>

Born and raised in Kano in the independence year, Abdulsalam Rabiu is one of the richest men in Nigeria as a result of his investment in BUA Group. His Father named Khalifah Isyaku Rabiu was said to be a prominent industrialist in the 1970s and 1980s. Abdulsalam attended the Columbus University named Capital University, Ohio in the 1980s after which he returned by to Nigeria to look over the family business. His company, BUA Group, which he established in the year 1988 has grown so well and become a business conglomerate with focuses on manufacturing infrastructure and agriculture. The conglomerate is said to worth $2.5 Billion

Having the second-largest sugar refinery under his control, Rabiu still decided to acquire the Nigeria Oil Mills Limited and a controlling stake in the Cement Company of Northern Nigeria both of which were a success. –>

He has been honoured in many occasion and a prominent one is the chairman of the Nigerian Bank of Industry. On his contribution, he has also done a lot, these include the construction of the pediatric ward at the Aminu Kano Teaching Hospital and also the construction of Centre for Islamic Studies at the Bayero University Kano, BUK. Currently, the net worth of Abdulsalam is $1.4 Billion on the approximate.

4. Femi Otedola

Net Worth: $1.2 Billion
State Of Origin: Oyo State
Date Of Birth: 4th November 1962
Sector: Oil And Gas

On the 3 rd position of our list is the son of the former Lagos State Governor, Micheal Otedola. In the 1980s, Femi Otedola started the journey of his business career when he ran the family’s printing business successfully. Later on, he ventured into the oil and gas industry even though his business actually ranges over a wide spectrum including shipping, real estate, and finance. Currently, he holds the Chairman’s Seat of the major fuel products importer called Forte Oil Plc. Apart from that, he is also counted as the founder of Zenon Petroleum and Gas Ltd.

Blessed with three children, of which two are much known in the entertainment sector. The Famous DJ cuppy is one of them with the name, Florence Otedola. The second is a style blogger and an aspiring designer with the name Elizabeth Temi.

Femi Otedola properties have actually span through the whole of Nigeria and even in the international World. His real estate properties are well known in Dubai, London, and New York City. –>

In his sojourn to contribute his quotas to the development of Nigeria’s economy, he has involved himself in some major activities which include: the setting up of a scholarship scheme that has helped over 1000 students in his father’s university, Micheal Otedola University and the contribution of 300 Million Naira for the completion of the National Ecumenical Centre which is the Nigeria’s Primary Place of Worship for Christians.

Currently, the net worth of Femi Otedola is $1.2 Billion, which makes him the third richest man in Nigeria.

5. Theophilus Danjuma

Net Worth: $1.2 Billion
State Of Origin: Taraba State
Date Of Birth: 9th December 1938
Sector: Oil And Gas / Politics

Starting from a family that involves farming and metal trading, Danjuma Theophilus has been involved in many business activities that make him be where he is today. Before joining business activities, he was initially involved in military activities which he joined in 1960 after finishing History at Ahmadu Bello University, which was known then as Nigerian College of Art, Science, and Technology. In the military school, he rose from Second Lieutenant to the post of General which definitely increase his status in Nigeria.

Theophilus Danjuma has been involved in many military activities that include: participation in the 1966 Nigerian Coup, release of Jaja Wachuku, who was detained by the Ojukwu Government from prison toward the end of Civil War, serving as the Chief of Staff to General Olusegun Obasanjo when he was the Head of State, Prevention of the Dimka Coup in 1976 and many other activities he was involved in.

Danjuma retired from the military activities in the year 1979 after which he faced business squarely. Currently, Theophilus Danjuma is the Chairman of South Atlantic Petroleum (SAPETRO)

6. Tony Elumelu

Net Worth: $1.2 Billion
State Of Origin: Plateau State
Sector: Finance, Hospitality, Real Estate, Power, etc.

Tony Elumelu is an economist, entrepreneur and also a philanthropist. His investments include Transcorp, United Bank for Africa (UBA) and Heir Holdings. Also, he is the founder of the Tony Elumelu Foundation which has empowered and will be empowering youths for a better tomorrow. Tony Elumelu attended Harvard Business School where he got his Bachelor Degree. –>

The popularity of Tony has also grown well in the Banking Industry due to the acquisition of Standard Trust Bank and Union Bank and making them be one of the top banks in Nigeria.

His investment area span through the following areas: agribusiness, hospitality, financial services, energy, real estate, and the health sector. All these through his investment company, Heir Holdings. The various position he has occupied include: an advisor to USAID’s Private Capital Group for Africa Partners Forum, Co-Chair of the Aspen Institute Dialogue Series on Global Food Security and also the Chairman of the Ministerial Committee endowed with the responsibility of establishing standard hospitals and diagnostic centers and many others. His current net worth is $1.4 Billion

7. Orji Uzor Kalu

Net Worth: $1.1 Billion
State Of Origin: Abia State
Sector: Politician, Media, Finance, etc.

The seventh on our list of richest men in Nigeria, He Started with the $35 he borrowed from his mother, Uzor Kalu has been able to make a name for himself. During his undergraduate school, he was an activist and was even involved in the Ali Must Go riots which made the school authority to suspend him from school. He, however, uses this opportunity to develop different business ideas that turned out to be good for him. He actually used the money from his mother to start a palm-oil business.

After success in the oil business, he moved to other areas which include sales of furniture at a large scale and this gave birth to the today SLOK Holding that has turned into a business conglomerate. Currently, his net worth is $1.1 Billion.

8. Jim Ovia

Net Worth: $1 Billion
State Of Origin: Delta State
Date Of Birth: 4th November 1951
Sector: Finance / Technology

On our list is the successful man that contribute enormously to Zenith Bank and ensure that the bank got to its climax. Currently, he is the chairman of the bank, founder of Visafone Communications Limited, Chairman of the Nigerian Software Development Initiative, Cyberspace Network Limited and the National Information Technology Advisory Council and finally, he is a member of the Honorary International Investor Council as well as Digital Bridge Institute. Currently, his net worth is $1 Billion.

9. Oba Otudeko

Net Worth: $650 Million
State Of Origin: Oyo State
Date Of Birth: 18th August 1943
Sector: Finance / Commodities

The ninth richest men in Nigeria, with a net worth of $650 Million, Oba Otudeko is the founder of the Honeywell Group and also the Chairman of the FBN Holding Plc. Born as Ayoola Otudeko and trained as an accountant at the Leeds Beckett University, Oba Atedeko served as a banker for over 20 years after which he rose to the CEO of the Cooperative Bank in Ibadan.

His investments include oil and gas, financial services, real estate, marine transportation, and trading. –>

10. Arthur Eze

Net Worth: $ NS
State Of Origin: Anambra State
Date Of Birth:
Sector: Oil And Gas

Being one of the richest men in Africa and the number 10 richest in Nigeria, Arthur Eze is the founder and chairman of the reputable company named Atlas Petroleum, which has assets in Guinea, Nigeria and many other countries. He studied Chemical and Mechanical Engineering at California State University.

Who Is The Richest Man In Nigeria?

Being the wealthiest or among the richest is not actually the main thing, the central point is what have they done to improve the economy of our country to the positive side? Isn’t it? And indeed, these people have actually been trying in one way or the other to ensure that the economy of Nigeria does not even go near crumbling. This has been manifested in the number of industries that they established in the country and the countless job opportunities that they have provided for Nigerians. –>

But how did they got the money we are talking about today? You will know that in a short while but put it at the back of your mind that these people are more oriented toward getting profit from business than from academic aspect. This is because they believed in solving the problem of citizens, they can kill two birds with a stone- Proffer solution to the problem and at the same time, getting funds into your account. That is why they called them entrepreneurs-they look for problems, proffer solutions to it and also get their own profit from it. Maybe if you also start something now, you will be the Dangote of Tomorrow. Do not be surprised when you notice that some of them did not even come from a high profile family, that is not a necessity.

In this article, we will be looking at the richest men in Nigeria, what they do, how they do it, how they started, and even their net worth. On our list, which is in accordance with Forbes Ranking, we have Alike Dangote as the richest man in Nigeria. You want to know the rest, sit back and let begins.

Read Also:

Finally, you have been able to know the richest men in Nigeria. However, you should also appreciate that these individuals are patriotic individuals looking at the fact that they receive less support from the Government, yet they are still the ones found in all these responsibilities. Kudos to them all. You know it is not easy to have something and you wish to share it with other individuals unless your mind is philanthropic oriented.

I am proud to be a Nigerian. Are you? –>

Have a nice day

Tags: Top 10 Richest Men in Nigeria 2020 And Net Worth

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