Richest People
Top 10 Richest People in Finance and Their Net Worth
Top 10 Richest People in Finance: According to the Bloomberg Billionaires Index and Forbes Billionaires List, the wealthiest individuals
Top 10 Richest People in Finance: According to the Bloomberg Billionaires Index and Forbes Billionaires List, the wealthiest individuals in finance have a combined net worth of approximately $300 billion.
Both self-made millionaires like Warren Buffett and others who inherited riches, like Abigail Johnson, are included in this list.
Graphical Representation of the Top 10 Richest People in Finance and Their Net Worth
Richest People in Finance
The 10 Richest People in Finance are listed below in descending order, from illustrious investors to soaring hedge funds investors in the world.
Unless otherwise stated, the Forbes and the Bloomberg Billionaires Index have been used to determine all rankings and net worths.
We whittled down the list in order to focus on the most accomplished individuals in finance—including investments, trading, hedge funds, and money management
READ MORE: Top 10 Richest Investors In the world and Their Net Worth
Top 10 Richest People in Finance and Their Net Worth
Here is the ranking order of the Top 10 Richest People in Finance, their net worth, source of wealth, and nationality
| Ranking | Names | Net Worth | Source of wealth | Nationality |
| 1 | Warren Buffett | $97.3 billion | Diversified investment | American |
| 2 | Ken Griffin | $31 billion | Hedge Funds | American |
| 3 | Steve Schwartzman | $29.5 billion | Equity firm | American |
| 4 | James Simons | $28.1 billion | Hedge Funds | American |
| 5 | R. Budi Hartono | $24 billion | Real estates and Banking | Indonesian |
| 6 | Thomas Peterffy | $22.6 billion | Stock Broker | American, Hungarian |
| 7 | Abigail Johnson | $20.5 billion | Mutual fund Investment | American |
| 8 | Ray Dalio | $19.1 billion | Hedge Funds | American |
| 9 | David Tepper | $18.5 billion | Hedge Funds | American |
| 10 | Carl Icahn | $17.9 billion | Investment | American |
1. Warren Buffett-$97.3 billion
Top 10 Richest People in Finance
Net worth: $97.3 billion
Date of Birth: 30 August 1930
Country: United States
Source of wealth: Diversifies investment
CEO of Berkshire Hathaway Warren Buffett began his illustrious investing career when he was just a teenager. He delivered newspapers on his bike as a youngster, and by the age of 11, the early adopter from Nebraska had bought his first shares of stock in Cities Service Preferred at a price of $38 each and sold them for a $5 profit.
After receiving a rejection letter from Harvard Business School, Buffett enrolled at Columbia Business School where he studied under legendary value investor Benjamin Graham, who would later serve as Buffett’s mentor. In the early 1950s, before founding his own investing company, Buffett worked as a securities analyst.
In 1969, he acquired the textile business Berkshire Hathaway and turned it into a holding company for the several lucrative investments that helped him amass his enormous wealth and earn the moniker “The Oracle of Omaha.”
He has staked on businesses including Coca-Cola, American Express, Geico, Fruit of the Loom, Dairy Queen, and General Motors, but even though his portfolio of investments and portfolio firms may seem haphazard at first, they are all money-generating assets that have long-term value.
The most amazing aspect of Buffett’s $88 billion fortune, which doesn’t include the $31.5 billion he has already donated, is that he is a thrifty man who enjoys junk food.
He is close friends with Bill Gates, the co-founder of Microsoft, and together they developed the Giving Pledge, a commitment by billionaires to donate at least half of their money to charity. He has declared that 99% of his money will be donated.
2. Ken Griffin-$31 billion
Top 10 Richest People in Finance
Net worth: $31 billion
Date of Birth: 15 October 1968
Country: United States
Source of wealth: Hedge Funds
Griffin is the CEO of the Chicago-based Citadel Hedge Fund.
According to Forbes, he began practicing trading in 1987 while still an undergraduate at Harvard, testing the waters. Griffin founded Citadel in 1990, three years later. He was listed by Forbes as one of the most powerful individuals in 2018 and among the highest-paid hedge fund managers in 2019.
Griffin spent $238 million on a record-breaking apartment in Manhattan with views of Central Park in 2019. He also owns two private jets and an expensive art collection. He is one of the Top 10 Richest People in Finance as of this writing.
3. Steve Schwartzman-$29.5 billion
Top 10 Richest People in Finance
Net worth: $29.5 billion
Date of Birth: 14 February 1947
Country: United States
Source of wealth: Equity firm
The next on our list of the Top 10 Richest People in Finance is the founder of Blackstone which was established in 1985 by Pete Peterson and Stephen Schwarzman, whose father owned a dry goods company. Blackstone now oversees $439 billion in assets, making it the largest private equity firm in the world.
Schwarzman was the highest-paid CEO in the private equity sector last year with a compensation package totaling $786 million.
Schwarzman has been less involved lately in Blackstone’s daily operations, although he still plays a big role in fundraising.
Jonathan Gray, who oversaw real estate for Blackstone, was promoted to president and chief operating officer earlier this year, opening the door for him to succeed Schwarzman as CEO.
Blackstone decided to purchase a controlling stake in Thomson Reuters’ Financial and Risk unit in January in a $20 billion deal, marking the company’s largest transaction since the financial crisis.
4. James Simons-$28.1 billion
Richest people in the world of finance
Net worth: $28.1 billion
Date of Birth: 25 April 1938
Country: United States
Source of wealth: Hedge Funds
Jame Simons also known as Jim Simeon, is the mathematician who is now among the richest people in finance and has a net worth of $28.1 billion, he is fourth on this list.
James Simons, aka “Quant King,” served as a code breaker for the US Department of Defense during the Vietnam War before revolutionizing the hedge fund industry with his math-based strategy. However, he was fired after publicly denouncing the war in the media.
He spent ten years as the chair of the math department at Stony Brook University before departing in 1978 to create a quantitative trading company.
This company, now known as Renaissance Technologies, currently manages more than $57 billion in assets across a number of funds. In his lifetime, he has donated more than $2.7 billion.
5. R. Budi Hartono-$24 billion
Richest People in the world of Finance
Net worth: $24 billion
Date of Birth: 28 April 1941
Country: Indonesia
Source of wealth: Real estates, Banking
R. Budi Hartono, the 80-year-old tycoon amassed his family’s wealth through a variety of ventures, including tobacco, banking, and telecommunications.
He runs and owns Djarum, a tobacco manufacturer established by their father, along with his brother Michael Bambang Hartono.
Additionally, they possess a sizable portion of the Bank of Central Asia, the biggest and most significant retail bank in Indonesia.
6. Thomas Peterffy-$22.6 billion
Net worth: $22.6 billion
Date of Birth: 30 September 1944
Country: Hungary
Source of wealth: Stock Broker
The next on our list of the richest people in finance is the founder of Interactive Brokers, Thomas Peterffy.
The bargain trading firm Interactive Brokers was established in 1993 by Thomas Peterffy, who is generally referred to as the founder of modern trading. He still controls a sizable portion of the business despite having made it public in 2007.
In 1965, Peterffy left Hungary for the United States with no money and no knowledge of the language. He began his career as a software designer before purchasing a seat on the American Stock Exchange in the 1970s to engage in options trading. For the first time ever, he created a portable computer and utilized it to trade on the exchange floor.
He’s renowned for his ardent resistance to socialism as well. During the 2012 election season, he ran a number of television commercials highlighting the risks associated with wealth distribution.
7. Abigail Johnson-$20.5 billion
Top 10 Richest Women in the World-Abigail-Johnson
Net worth: $20.5 billion
Date of Birth: 19 December 1961
Country: United States
Source of wealth: Inheritance and Mutual fund Investment
The only female on this list of the richest people in finance is the daughter(Abigail Johnson) of the then billionaire, Ned Johnson III. who died on 23 March 2022.
Since taking over from his father Ned Johnson III in 2014, Abigail Johnson has led the massive mutual fund company Fidelity Investments. Johnson owns about 24.5% of the company, which oversees $2.5 trillion.
Johnson, the first female CEO of Fidelity, is renowned for being incredibly discreet. She gave a rare speech earlier this year to draw attention to Fidelity’s unethical work practices, including sexual harassment. She has also openly defended the use of bitcoin.
8. Ray Dalio-$19.1 billion
Richest Investors In the world-Ray Dalio
Net worth: $19.1 billion
Date of Birth: 8 August 1949
Country: United States
Source of wealth: Hedge Funds
The largest hedge fund in the world, Bridgewater Associates, is run by Ray Dalio and oversees a portfolio of about $160 billion in international investments.
With a massive fortune and a position at the top of his field, Dalio has lately concentrated on giving advice and money away. He has pledged to give the majority of his wealth to charity by signing the Giving Pledge.
In a 30-minute YouTube video, he also revealed his highly sought-after “investment secrets,” albeit in an unconventional way for a hedge funder.
In the investment community, his 123-page self-published guidebook on his leadership and money management concepts is regarded as something of a bible.
When it comes to management, Dalio has always taken a radical stance, keeping every action he and his fund take entirely open and visible to staff. And it’s paid off for him.
Bridgewater is one of the most sought-after places to work in finance, despite occasionally being described as “cultish.” Dalio attributes some of his success to constantly reminding himself that history repeats itself and keeping a record of his unsuccessful actions.
He recently stepped back from management responsibilities while still being actively involved in the investment strategy to ensure that Bridgewater runs without him.
9. David Tepper-$18.5 billion
Top 10 Richest People in Finance
Net worth: $18.5 billion
Date of Birth: 11 September 1957
Country: United States
Source of wealth: Hedge Funds
With an estimated networth of $18.5 billion, David Tepper is ranked ninth on our list of the Top 10 richest people in Finance. Tepper established Appaloosa Management, a hedge fund, in 1993 and it currently manages $15 billion.
For $2.3 billion, Tepper purchased the NFL’s Carolina Panthers football team earlier this year. Tepper announced in September that his company has decreased its stakes in US companies.
The nine-year stock market bull market, according to Tepper, who oversees assets worth $14 billion, is “a late-innings game,” according to CNBC.
Previously accounting for more than 7% of its portfolio, Appaloosa revealed in May that it had sold the entire interest it had had in Apple. The fund is also urging Allergan, a pharmaceutical company, to alter.
10. Carl Icahn-$17.9 billion
Richest people in Finance
Net worth: $17.9 billion
Date of Birth: 16 February 1936
Country: United States
Source of wealth: Investment
Instigating undervalued and badly run companies to change their ways has become Carl Icahn’s lucrative habit and lifelong pursuit. Icahn has grown to be one of the most influential figures in finance since establishing his own investment company in 1968.
He has made investments in numerous well-known businesses, such as Philips Petroleum, RJR Nabisco, Herbalife, Marvel, Time Warner, Netflix, and Viacom.
Approximately $8 billion in assets are now being managed by Icahn Enterprises.
Icahn changed his mind about US health insurer Cigna’s acquisition of Express Scripts, a provider of pharmaceutical subscription services, in August.
Icahn has stated that he does not intend to stop bugging company CEOs. He served as President Trump’s special advisor on regulations up until his resignation in August 2017.
Summary
Here is a summary list of the Top 10 Richest People in Finance and Their Net Worth
- Warren Buffett-$97.3 billion
- Ken Griffin-$31 billion
- Steve Schwartzman-$29.5 billion
- James Simons-$28.1 billion
- R. Budi Hartono-$24 billion
- Thomas Peterffy-$22.6 billion
- Abigail Johnson-$20.5 billion
- Ray Dalio-$19.1 billion
- David Tepper-$18.5 billion
- Carl Icahn-$17.9 billion