It could be out of interest or just burning passion. Everyone joins into stock market investing for a reason. Also, did you know that people who are into mind games and puzzles are more drawn to the stock market? Well, yes. A stock market is a place where mind games, puzzles, and everything else is out in one place. Obviously, it is a good choice for motivated investors, though it contains risks.
The stock market is a good opportunity for anyone to get wealthier in a shorter span. It also comes with the perk of being your own boss. You wouldn’t be obligated to follow a set of pretty formed rules or even accountable to anyone but you. It comes with the benefit of you being accountable for your mistakes alone. It also gives you the chance to make your own decisions and even improvise.
You have probably seen people who made big bucks and changed their lives out of investments in the stock market, haven’t you? There are plenty of people making big money out of the stock market right now, as you read this article. Is it possible to do so? Or is it just a rumor that runs around? Let’s find it, right. Here is a glimpse of 10 of the richest stock market investors.
#1. Warren Buffett
“If you don’t find a way to make money while you sleep, you will have to work until you die.”
Net Worth: 10,080 crores USD
Buffet, the second of three children, whose father was a stockbroker. For Warren Buffet making money was a very early interest. In the early stages, he sold soft drinks and made a paper route. At the age of 14, he invested the money he earned from this on estate land and rented it out for profit. He never wanted to go to college, but from his father’s will, took that step too. He got into Columbia, and from there even learned some new skills that he could come up with some investment theories. Buffet wanted to look beyond the numbers and focus on a company’s management team and its product’s competitive advantage in the market. By 30, he was already a millionaire.
His investment philosophy became one based on the principle of acquiring stock in what he believes are well-managed and of undervalued companies. When he makes these purchases, his intention is to hold the securities indefinitely. Today, everyone who got their heart into investing has also got a place for Warren Buffet.
#2. Carl Icahn
“I’m no Robin Hood, I enjoy making money.”
Net Worth: 1,600 crores USD
Icahn is an American businessman. He started his career as a stockbroker in Wallstreet. Icahn, calls himself a contrarian investor. He also said that his investment philosophy, generally, with exceptions, is to buy something when no one exactly wants it.
He looks to invest in companies where share prices reflecting poor price-to-earnings (P/E) ratios.
He hunts for corporations with stocks that have book values exceeding their current market values.
After which, he aggressively invests in a significant portion of equities in these corporations. It also makes him the largest shareholder of those companies. Eventually, he calls a general meeting to hold elections to form a new Board of Directors or passes the resolution for initiating divestiture of assets to deliver greater value to shareholders.
#3. Jim Simons
“There is no real substitute for commoners sense, except for good luck, which is a good substitute for everything. “
Net Worth: 2,440 crores USD
James Harris Simons, or Jim Simons, who is known to be the Quant King and one of the greatest investors of all time, as you can see. After having started one of the most successful quant funds in the world, Renaissance Technologies or Rentech. He founded Rentech in 1982 at just 44 years old. He served as the chair and CEO until 2010, and he still remains as a non-executive chair.
He is an investor who mastered mathematics. Despite already having a successful career as a prize-winning mathematician and a master code breaker for the IDA, he also decided to pursue a career in finance. In the year 1978, the mathematician started the hedge fund Monemetrics, which was the predecessor to the highly successful Renaissance Technologies or Rentech.
He did not think to apply math to his hedge fund at first. But, over time, he realized he could use mathematical and statistical models to interpret data by looking for non-specific moves in financial data to predict future returns and profits.
#4. George Soros
“I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity. “
Net Worth: 860 crores USD
George Soros is an epic hedge fund manager, and he is widely considered to be one of the most successful investors. He managed the Quantum Fund, a fund that achieved an average annual return of 30% from the years 1970 to 2000.
Soros is one of a kind among highly successful investors in admitting that instinct plays a large role in his investment decisions. Moreover, he is one that is famously well-informed about economic trends on a regional and global level and is known to use this knowledge to exploit market inefficiencies with large and high leveraged bets.
#5. Steve Cohen
“The way I understand the rules on trading on trading on inside information, it’s very vague.”
Net Worth: 1400 crore USD
Steven Cohen is an American investor and hedge fund manager. He is also the founder and CEO of Point72 Asset Management, a family office that is located in Stamford, Connecticut. He is an investor who is called a professional of short-term transactions. As for the trading moves of Cohen, it can be easily described as the complete opposite of Warren Buffett’s. Buffett is someone who prefers to invest in the years to come. But Cohen was always an adherent of short-term trading. As was mentioned by his colleagues, he sometimes managed to enter up to 300 transactions per day, not delving into any economic details or so. In order to select an undervalued or overvalued asset, he developed a special program that did most of the routine work for him.
#6. Paul Tudor Jones
“The secret of being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge. “
Net Worth: 730 crores USD
One of the most successful traders, Paul Tudor Jones, who started his own firm at the age of 26, shocking right? And it was after he started trading cotton in the commodity pits. Paul produced 28 straight full years of all wins. Paul looks at himself more like a trader than an investor though. As a successful macro trader, he studies the impact of world events, the flow of money around the world, mass psychology, and the analysis of technical and fundamentals of assets. One of his best predictions so far is the Black Money stock market prediction. When everyone saw the market go down, he made a 60% profit.
#7. Bruce Kovner
“Fundamentalists who say they are not going to pay attention to charts are like a doctor who says he’s not going to take a patient’s temperature. “
Net Worth: 620 crores USD
What comes ahead can be mind-blowing for anyone. Kovner; a cab driver to one of the best traders in the world today. Bruce graduated from Harvard while driving a cab, yes you heard it right. He is known to be a macro trader. A trading strategy focused on commodities and Currencies.
#8. Stanley Druckenmiller
“The key to money management. It’s making a lot of money when you’re right and minimizing it when you’re wrong.”
Net Worth: 680 crores USD
Stanley Druckenmiller, a legend in the financial world, don’t you think? To date, he hasn’t achieved the same mainstream name recognition as investment wizards Warren Buffett or George Soros, but that has nothing to do with the outcomes he draws. The fact is, by some measures, he has even exceeded his more famous peers by consistently delivering returns through the use of varied unconventional investment strategies.
He is a trader with a top-down approach. It combines long positions and short positions in all types of assets; they include
– stocks, bonds, currencies, futures, etc. – based on the investor’s expectations for macroeconomic changes in market conditions within the specific time period.
#9. Julian Robertson
“Our mandate is to find the 200 best companies in the world and invest in them, and find the 200 worst companies in the world and go short on them. If the 200 best don’t do better than the 200 worst, you should probably be in another business.”
Net Worth: 480 crores USD
Julian Robertson was a well-known hedge fund manager throughout the 1980s and 1990s. Globally, Robertson used a long-short strategy to profit on the performance disparity between his best and weakest stock picks. Tiger Management, Robertson’s business, collapsed in 2000 due to poor performance, although several of his protégés who worked for the fund have gone on to become successful hedge fund managers in their own right.
#10. John Arnold
“Fee ideas are in themselves practical. It is for want of imagination in applying them that they fail. The creative process does not end with an idea, it only starts with an idea.”
In 2012, at the age of 38, John Arnold stunned the hedge fund industry by announcing that he would no longer handle other people’s money. Arnold was a very successful energy trader who formerly worked for Enron, earning the disgraced firm $750 million the year it went bankrupt. Centaurus Advisors, Arnold’s hedge firm, sprang from its ashes. Arnold has recently made investments in solar farms and deepwater oil ventures in the Gulf of Mexico.
These investors bring in hope to newer investors of the market. They ensure that the stock market can be one of the best places one can escalate profits and wealth in a short span with just the right strategies. These investors are the richest of 2021, and this can change as newer amines come kicking in, but the point here is they stand stable at being remarkable investors of the stock market.