John Arnold – Billionaire

John Arnold shocked the hedge fund world in 2012 when, at just 38 years old, he announced he was retiring. One of the most successful energy traders alive, Arnold worked at Enron early in his career, earning the disgraced company a reported $750 million the year the firm declared bankruptcy. From its ashes, Arnold built his own hedge fund, taking former Enron colleagues to his newly founded Centaurus Advisors. He churned out triple-digit returns for several years and minted a billion-dollar fortune in the process. Now he spends most of his time giving away his fortune, employing the same contrarian philosophy that made him billions as an energy trader. A Democrat who favors pension reform and works with the Koch brothers on criminal justice reform, Arnold has backed efforts to study dietary guidelines, reduce drug costs and measure pretrial risk. He runs his philanthropic foundation with his wife, Laura.

John Arnold net worth: John Arnold is an American businessman and entrepreneur who has a net worth of $2.9 billion dollars. John Arnold began his career as a trader for Enron, and was so successful, that when Enron collapsed in 2002 he was able to use his earnings to create his own company, Centaurus Advisors, LLC. John Douglas Arnold was born in 1974. He grew up in Dallas, Texas and graduated from Vanderbilt University. Arnold started his career at Enron as an oil analyst. He was promoted to assistant trader and then started trading gas derivatives in 1996. In 2001 he made the company three quarters of a billion dollars and got an $8 million bonus. In 2002 he founded Centaurus Advisors, LLC with that bonus. Centaurus was a hedge fund that specialized in trading energy products, based out of Houston, TX. In 2006 he pled the 5th Amendment after being asked if he had ever manipulated the Western energy markets while at Enron. He signed the Giving Pledge in 2010 and gave more than $100 million in 2011. He and his wife founded the Laura and John Arnold Foundation and in 2012 they gave away over $400 million. John is married to Laura Elena Munoz and the couple has three children.

Source:

1. forbes

2. celebritynetworth