10 Incredibly Wealthy Stock Brokers

By SiliconIndia   |   Wednesday, April 11, 2012   |    1 Comments
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Bangalore: Last year, no hedge funder could make more money than Bridgewater Associates founder, Raymond Dalio. The amount he made was $3.9 billion, which is a ‘not bad’ amount for the son of a jazz musician from Jackson Heights, Queens, USA.

Most of us get the wrong concept that stock brokers are born with a silver spoon in their mouth and in the lap of luxury. But this is not the case always. There are a handful of them who had started their stock broking life with almost nothing but still have managed to reach the top of the financial world. Some of them might even surprise you -

1. Ray Dalio

Raymond Dalio aka Ray Dalio grew up in Jackson Heights, Queens as mentioned above. His father was a jazz musician. He bought his first stock of Northeast Airlines in the 1960s. He bought this with the money earned working as a golf caddy, which was his part time job. He was just 12 years then. The stock price eventually tripled in value.

In 1967, he attended the Long Island University. After that, he worked as a clerk at the NYSE before attending Harvard Business School. He also worked at Dominick and Dominick LLC and then Shearson Hayden Stone before founding his own hedge fund, Bridgewater Associates in his NYC apartment. In 1973, he founded this hedge fund which has become the largest hedge fund in the world now.

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Reader's comments(1)
1: It is inspiring to see how people moves from rags to riches.
Posted by:Akrut - 11 Apr, 2012
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