Rank #1516
John Arnold
Net worth $2.8B
Hedge funds · United States
- Born
- Mar 09, 1974
- Age
- 52
- Source
- Hedge funds
- Residence
- Houston, Texas
- Citizenship
- United States
- Marital status
- Married
- Children
- 2
- Education
- Bachelor of Arts/Science, Vanderbilt University
Net worth over time
Biography
- John Arnold shocked the hedge fund world in 2012 when, at just 38 years old, he announced he would no longer manage other people's money.
- A hugely successful energy trader, Arnold once worked at Enron, earning the disgraced company a reported $750 million the year it went bankrupt.
- From its ashes, Arnold built his own hedge fund, Centaurus Advisors.
- In recent years Arnold has invested in solar farms and deepwater oil developments in the Gulf of Mexico.
- He and his wife Laura's Arnold Ventures focuses on reforming criminal justice, higher education, health, infrastructure and public finance
- As a kid, Arnold's earliest trades included buying hockey cards in Texas and selling them in Canada. "Looking back what I was doing was geographic arbitrage."
- The Arnolds' impact investing includes CivicaRx, which plans to manufacture 14 generic drugs and sell them cheap.