Many people try their hands at stock marketing in hopes of making passive income. However, the truth is the risk is similar to gamblers attempting their hands in mobile casino in Australia. The stock exchange is undoubtedly a safer and more proven way to get rich. Moreover, the stock exchange is a game that many big money players worldwide play, including owners of tech companies and big enterprises.
You may have heard of names like Warren Buffett, who made big bucks from investing. Investing has a scorecard with the richest on top. Some names on our list might sound familiar, while others might be strange. Here, we discuss the five wealthiest investors in the world. Read on; your name may have made our list!
Table of Contents
Where Do Rich Investors Put Their Money
The richest investors in the world are usually careful with the types of assets they put their money in, and most of the time, they prefer to play the long game. Below are the top three areas where Investors put their money:
- Stock Market;
- Commodities;
- Real Estate.
Who Are the Richest Investors in the World 2023?
As with the stock exchange, the investing scorecard keeps changing. There is no name on the scorecard that’s indelible. As a result, we have to keep our list updated. That said, as of February 2023, here are the top five richest investors worldwide:
Warren Buffett
Warren Buffett is the chief executive officer and founder of Berkshire Hathaway. The renowned investor has a net worth of over $100 billion. Besides being the wealthiest person alive, he has also built a worldwide reputation as a role model to successful investors.
Buffett’s investment journey started quite early. He bought his first stock when he was 11. Inspired by the book “1000 ways to make $1000”, Buffett tried his hand at various small businesses. He sold coke bottles and magazines. At the end of high school, he got a 40-acre farm and rented it out for profit.
Warren Buffett never intended to go to college, although that changed as his father insisted. He is a proud alumnus of the prestigious Columbia University, where he picked up new skills and theories to sharpen his investment prowess. By the time he was 30, he had already become a millionaire. Buffett’s investment strategy was to buy stocks of companies that he believed were well-managed but undervalued.
Jim Simmons
The next name on our list of the world’s greatest investors is the Quaint King, Jim Simmons. The name “Quaint King” arises from how Jim Simmons depends solely on quantitative analysis and algorithmic investment strategies. Aside from being a successful investor, Simmons is an award-winning mathematician. He uses his mathematical skills in investing and has made a fortune. The 84 years old billionaire is a hedge fund manager that has integrated quantitative analysis into investing.
Jim Simons worked as a professor in notable institutions like Harvard, MIT, and Stony Brook University. Jim Simmons became well-known as a mainstream mathematician to use his skills to invest. As a plus, his company, RenTech, focuses on using mathematical skills to trade.
Jim Simmons is the founder of RenTech, a quantitative hedge fund, and its Medallion Fund. He served as the CEO and chair of Renaissance Technologies from 1982 to 2010. Currently, Renaissance Technologies manages over $55 billion, and Simmons is the richest person alive.
Ken Griffin
Of all the names on our list of exceptional money managers, Ken Griffin is the only one from a relatively wealthy background. His father was a General Electric project manager, and his mum acquired a considerable property.
Ken Griffin is quite similar to Jim Simmons. He also loved mathematics; however, he studied economics at Harvard. Griffin made his first investment while schooling at the university and created his first hedge fund right from his dorm. He used extraordinary talent, cutting-edge technology, and new quantitative analytics to assure top-tier trading performance.
Ken Griffin is the CEO of Citadel LLC, a company known as one of the most successful alternative investment companies. Ken Griffin also created Citadel Securities in 2002, which has benefited investors globally. The enterprise is worth $10 billion, while Citadel LLC has made over 50 billion. Ken Griffin is a 54 years old billionaire with a net worth of $33 billion.
Ray Dalio
Ray Dalio is seen as the new-age Warren Buffett in the investing world. Like Warren Buffett, Ray Dalio started investing at an early age. He dabbled in investing for the first time when he was 12. His debut was when he bought Northeast Airlines shares for $300 and tripled his capital.
Ray Dalio’s interest in investment sparked when he worked as a caddy in a golf club when he was younger. He graduated from Harvard Business school in 1975. After he left business school, he decided to start his investment firm, Bridgewater Associates, from his 2-bedroom flat. The company took off in the 1980s, and his 2-bedroom flat became a global success in 2011.
Now, Ray Dalio’s hedge fund is the largest in the world. Bigger than can afford creators of the best news apps for Android. The hedge funds manage over $160 billion. Ray Dailo is known for predicting the 2007 global crisis and his Principles. In 2012, Dailo was awarded Times’ “100 most influential people”.
Carl Icahn
Lastly, on our list of great investors, we have Carl Icahn, who holds the award for the most inspiring story. Carl Icahn spent most of his childhood in Queens, New York. He was also schooled there. Carl was not a very good student; his parents and teachers thought he couldn’t get into an Ivy League school.
Carl Icahn got two invitations from Yale and Princeton, and his family only agreed to pay his tuition, so he had to source funds for the other financial obligations he needed to meet while in school. He learned to play poker at a club he worked at, and thus he could afford to pay for his boarding and feeding from the wins. He studied philosophy and later studied medicine for a while, although he never practised either profession as his calling was on Wall Street. Currently, the enterprise is worth over $20 billion, while Carl Icahn is worth over $18 billion.
Final Thoughts
You’d notice one recurring thing from our list of prominent persons in financial markets: their early start. Most of them started their journey in investment and finance while still young. They were able to apply the investment philosophy of compounding their profit and finance while getting better at the investing game.
Overall, investing in stocks has always been a gold mine for those who understand the game. To succeed as an investor, find a strategy that works for you, like Buffett and Simmons, and keep at it. If you want a quick buck, you can go to a mobile casino in Australia, but if you want to think long-term, start investing in stocks!
