Billionaire Investors and their Legacies
Everyone needs a role model and in the world of trading and investing that’s especially true. Today, we’re running through 5 of the most legendary traders and investors who inspire so many today. Following that, we’ll give you the lowdown on market events this week.
5 trading legends and how they made it
Here are 5 of the most famous investor billionaires and the moves that made them.
#1 Warren Buffett
Buffett is one of the most successful investors of all time. He’s the chairman and CEO of Berkshire Hathaway, and his net worth is estimated to be over $100 billion. So he qualifies for this list a hundred times over!
Buffett is known for his value investing style. He made a name for himself by buying companies that were trading for less than their value and reaping the rewards later. He’s also pledged to give away 99% of his wealth to charity. What a guy!
In 1988, Buffett invested $1 billion in Coca-Cola. This investment has since grown to be worth over $20 billion, making it one of the most successful investments in history.
#2 Carl Icahn
Carl Icahn has a net worth of over $20 billion. Like Buffett, he’s known for betting big on companies he believes are undervalued.
Icahn has also been involved in a number of high-profile corporate battles, including his attempt to take over Time Warner in 2012.
The legend’s hostile takeover of TWA in 1985 was one of the things that put him on the map. TWA was a struggling airline and Icahn bought it for $2.8 billion. He then went on to sell it for $5.5 billion, thus propelling him into the history books and this prestigious list!
#3 Ray Dalio
Ray Dalio founded US investment management company Bridgewater Associates in 1975. It’s one of the largest hedge funds in the world. Dalio is estimated to have a personal net worth of over $18 billion.
The big-hitting US investor is known for his unique investment philosophy, which he calls “all-weather investing”, an approach that involves investing in a diversified portfolio of assets that are expected to perform well in both good and bad economic conditions.
In 2007, Dalio predicted that the housing market was about to crash. He shorted the market, and he made a fortune when the housing bubble burst. The rest is history!
#4 David Tepper
David Tepper is the founder of Appaloosa Management, a hedge fund with over $15 billion in assets under management.
His net worth is estimated to be a little over $16 billion. Tepper is known for his aggressive investment style. He made a fortune betting against companies that he believed are overvalued. Can you spot the theme here?
Tepper is most famous for his investment in American Airlines in 2012. Tepper bought a $2 billion stake in American Airlines and then successfully pressured the company to restructure its debt. American Airlines eventually emerged from bankruptcy like a phoenix from the ashes.
#5 George Soros
George Soros is a Hungarian-American investor known for his successful bets against the British pound in 1992, which earned him the nickname “the man who broke the Bank of England.” As of March 2021, he had a net worth of US$8.6 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion has already been distributed, representing 64% of his original fortune.
Who’s your fave?
Did we include your favourite on our list? Let us know by tweeting us at @_contentworks!
Top trading events week commencing 19.06.23
Here are some major market events for this week.
Monday, June 19
● JPY — Bank of Japan releases Tankan survey results for June.
● GBP — Consumer price index (CPI) for May is released.
Tuesday, June 20
● USD — Initial jobless claims for the week ending June 10 are released.
● CAD — Manufacturing sales for April are released.
Wednesday, June 21
● USD — Nonfarm payrolls for June are released; Average hourly earnings for June are released; Consumer price index (CPI) for June is released.
Thursday, June 22
● AUD — Reserve Bank of Australia (RBA) releases minutes of its June monetary policy meeting.
Friday, June 23
● EUR — Eurozone CPI for June is released.
● GBP — Manufacturing production for May is released.
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Speak soon,
The Contentworks team
