Forex is the largest financial market in the world. You would probably know a few things about this fascinating field, where people trade their preferred currencies on an intraday and swing basis. You may be thrilled to know that around 5 trillion dollars worth of transactions takes place daily on forex. Its dynamic nature and plenty of opportunities attract traders worldwide to jump into this ocean of currencies.

Well, we have got you. This article has written the success story of top billionaire traders worldwide like George Soros, Carl Icahn, Ray Dalio, David Tepper, and James Simons. It would give you an idea of becoming a professional trader, what mistakes to avoid, and what thoughts to keep in mind.

Billionaire traders are the richest traders in the world who earned from trade assets more than 1.000.000.000 dollars. The most famous billionaire traders are George Soros, Carl Icahn, Ray Dalio, David Tepper, James Simons.

The Richest and most famous active traders in the World list are:

• George Soros (8.3 billion dollars)
• Paul Tudor Jones II (5.3 billion dollars)
• John Paulson (4.2 billion dollars)
• Andreas Halvorsen (3.7 billion dollars)
• Bill Ackman (1.6 billion dollars)

Investors and active traders are different notions because investors are looking for a larger return over an extended period through buying and holding. Conversely, active traders take advantage of rising and falling markets to enter and exit positions over a shorter timeframe, taking smaller, more frequent profits.

The Richest Traders

The top 15 richest stock traders in the US in 2021. are:

1. Warren Buffett $96b
2. Jim Simons $29.4b
3. Ray Dalio $16.9b
4. Carl Icahn $16.1b
5. David Tepper $15.2b
6. Ken Griffin $15b
7. Steve Cohen 14.6b
8. George Soros 8.6b
9. Israel Englander 7.2b
10. David Shaw 6.5b
11. David Siegel 6.5b
12. Chase Coleman III 6.9b
13. Paul Tudor Jones II 5.8b
14. Bruce Kovner 5.3b
15. Stanley Druckenmiller 4.4b

Please see the video of how the fortune of the richest forex traders grows during the years:

The video above shows George Soros’s net worth over time in the last 10 years.

Top 5 Famous Billionaire Traders in the World

George Soros

“If investing is entertaining,

if you are having fun,

you’re probably not making money. Good investing is boring.”

The richest active trader globally is George Soros which fortune is 8.3 billion dollars ($ 8.300.000.000). Warren Buffet You can read the biography of how did George Soros make his fortune.

George Soros is the first billionaire trader on our list. Regardless of being new or experienced, everyone would have heard about George Soros being the most versatile and richest trader globally and how he broke the Bank of England. But what’s the aftermath? Let us shed light on it.

George Soros used to be a famous hedge fund manager and managed his clients’ money from 1969 to 2011. His own hedge fund, which he started in 1973, became popular as the Quantum Fund. Though, the event that happened in 1992 changed his life.

He made a bet against the British Pound and created a fortune of $1 billion. After this, he got famous as the man who broke the Bank of England. He also made history for creating such a huge amount in just one day. Fascinating, isn’t it?

He runs his firm and is a founding member of Soros Fund Management, LLC, a managing hedge fund. Since its inception, the firm has already generated earnings of $40 billion. They have also started Central and Eastern Europe-focused Open Society Foundations and Quantum Fund, which is said to have a grant of more than $14 billion.

Soros has given its organization the belief to support individuals and organizations worldwide and support the right of equality, freedom of speech, and much more. He also donated $18 billion in 2017 to its foundation to pursue future projects. Soros also indulges in philanthropy and contributes to making this world a better place by donating money and sharing wisdom. Traders around the globe widely follow his views and thoughts on investing, trading, and economies.

Though time was not this kind to Soros initially, he was born in a Hungarian family but avoided getting deported; they took shelter in a Nazi Concentration Camp. Then, at the age of 17, he left the nation to fulfill his dreams and goals. He started as a railway porter and a waiter at a nightclub in the London School of Economics. And from there, his career started paving the way for the future hedge fund tycoon.

His hard work and dedication prove that no matter what your background is, no matter what your past is, you can achieve anything you want if you have the fuel of passion and the willingness to work hard. Then, it is on you to make your own fortune!

Carl Icahn

“The cardinal rule is to have enough capital at the end of the day.”

Carl Icahn is another billionaire trader on our list. There are so many traders on Wall Street, but the question is, how many of them succeed? Well, Carl Icahn surely did. His wisdom and intelligence made him an investment icon so much that his comparison with Warren Buffet is not new. Some even claim him to be better and smarter than Warren Buffet!

Icahn was born in a teacher’s family in New York. His uncle M. Elliot Schnall, with whom he was close, helped buy him a seat at the New York Stock Exchange by giving him a loan worth $ 4,00,000. That is what started the history of this typical New Yorker. 

Icahn bought TWA (Trans World Airlines) in the mid-80s. It was the diciest investment that he had ever taken, as the company filed bankruptcy in 1992, though it came out of it just a year later.

Icahn Enterprises, known as Icahn’s holding firm, invested in diverse international and American companies like Netflix, Apple, Revlon, Motorola, Time Warner, Viacom, etc. His witty and timely investments soon made him a fortune of $17 billion, and he became the richest trader in the world.

Traders are fascinated by Icahn’s trading strategies and how he never feared taking risks and finding profitable opportunities. His trade always worked out the best for him, like magic. One should not underestimate his experience and knowledge in this field for just an illusion called a miracle! It was his hard work and dedication.

Carl Icahn is known to have active and aggressive trading strategies. His active trading often led to changes in his investing positions, increasing his stock positions’ value. Just like Soros, Icahn is a philanthropist. He is an economic advisor, too.

He often states a quote to his fellow investors – “Don’t always believe what the market tells you. If you think you’re right, stick to your instinct.”

Ray Dalio

“It is far more common for people to allow ego to stand in the way of learning.”

Ray Dalio is another story of success. He grew up on Long Island in a middle-class family and started his market journey when 12. He used to earn money as tips while being a golf caddy. The turning point was that most of these golfers were working on Wall Street, and that’s how he started feeling interested in the realm of the market.

In 1975, he got an MBA from Harvard Business School and launched Bridgewater – his company he started from his two-bedroom house in New York! The company got successful in the 80’s era, and in 2011, it became the largest hedge fund in the world. Bridgewater currently handles assets worth $160 billion. Ray Dalio’s own net worth is $16.9 billion in 2021.

Another interesting story about him is that he predicted the Global Financial Crisis in 2007. He explained the same in his essay “How the Economic Machine Works: A Template for Understanding What Is Happening Now.” In addition to his essay, his book – “Principles” is also trendy among the traders and investors in which he goes into philosophy after his investment moved. He also dwells on his experience of self-analysis and corporate experience.

Ray Dalio forex trading

Ray Dalio often sees that prices rise on bad news and fall on the good news in the forex industry. Based on his opinion,  the key question isn’t what the economic news number will be, but what is really expected. For example, the US GDP number can be better than expected in forex news, but future projections in the GDP statement can be very bad, and because of that, USD price will fall after the news.

Many of his principles resonate with the young generation of traders and business people on keeping their authenticity, integrity, listening around, and observing the events better at their job. He says that money was never a driving force in his book, leading to his exciting and memorable life.

Ray Dalio believes in sharing his success story with other traders and investors. He has also donated more than $700 million for different philanthropic moves. His Dalio Foundation also provides support to inner-city education, nature conservation, and microfinance.

David Tepper

“I think people should be self-reliant. You should work and be self-sufficient. That’s what I did.”

If we are talking about billionaire traders, how can we forget, including David Tepper, aka the world’s greatest hedge fund manager!

He was born in 1957 in Pittsburgh, Pennsylvania. He completed his graduation with Economics honors, after which he initiated jumping into the world of investment. Yes, at quite a young age. His career started as a credit analyst who helped him understand the concept of investment and management. He also learned deeply about the credit structures of troubled companies.

His forte of selecting a distressed company and converting it into a profitable one is what made him so famous. He did the same with bonds, buying bonds from banks on the edge of getting bankrupt around the ’80s. But when those banks sustained the bond market crash, he ended up making a fortune over his thoughtful investments.

In the ’90s, he founded the popular hedge fund company Tepper’s Appaloosa Management, which handles more than $15 billion.

Just like other richest traders in the world, Tepper too is known beyond the world of stocks. He is giving his fair share back to society by donating to schools, universities, and academic institutes and sponsoring student scholarship programs.

James Simons

“Past performance is the best predictor of success.”

James Simons is a known and very intriguing figure on the billionaire traders list. We wrote intriguingly as Simons is a hedge fund manager and a mathematician, and a quantitative investor. He is famous for his work on pattern recognition and string theory development. He is also famous as the world’s smartest billionaire.

He was born in Newton, Massachusetts, in 1938. He worked at a garden supply store when he was a teenager. With his determination, hard work, and curiosity to do something, he earned a Ph.D. in Mathematics at 23.

He started a team consisting of professors, engineers, and scientists to fulfill his passion for mathematics and trading by building an algorithm that could predict any financial instrument price change. And that is what we can call the foundation of Quantitative Analysis.

Simons has also founded Renaissance Technologies, which earned him the tag of the world’s richest trader. The company is a very famous hedge fund managing firm across the globe.

James Simons has expertise in finding patterns using mathematical models. It has also helped him analyze hedge funds with top mist accuracy. He is truly a talent overachiever. His love and passion for mathematics can be seen in his investment techniques and strategies as well.

His philanthropic work includes donating $2.7 billion for various good causes. His net worth at present is said to be around $20 billion.

Conclusion

“There is no real substitute for common sense except for good luck, which is a perfect substitute for everything.”

Among these top 5 richest traders, the common thing we saw is their passion and knowledge about this realm. We hope that our list has helped you in getting inspiration and provided you with insightful stories. These billionaire traders are self-made and have made their empire from scratch with their hard work, consistency, and never-give-up attitude.

With the evolution of the financial market, many online platforms are also available now for forex trading. It also makes it easier for common people and small traders to enter the market and hold their position. With the digital era and a plethora of information and research papers available, one can easily learn how to trade. It also inspires individuals to taste their knowledge of this field.

Whether you are a new trader or an experienced one, the ultimate goal remains the same – to earn a profit. But in the end, doesn’t everyone want to be a millionaire trader? Of course, you would like to see yourself as the richest trader in the world at some point in time.

As a trader, you can learn a lot by observing such successful traders and investors. Their experience, knowledge, and learnings are vital and fascinating. They teach us that money can not be made overnight; you work hard over the years. An overnight success, too, would miracle after years of dedicating your life to your goals. We hope that this list would come in handy to you, and you get success on your path to becoming another successful trader. Who knows, the next time you might be on our list?

South Africa’s Youngest Forex Millionaire
Self-made millionaires in South Africa

There are no forex traders from South Africa on the billionaires, but there are interesting millionaires. So if you are interested to see all the famous billionaires in South Africa and the world, please visit Forbes billionaires.

The world of forex trading has changed quite a bit over the past two decades and more. There are many reasons for this. To begin with, the world has become a more open and easily reachable place. It also has become well connected by different modes of transport, and we are definitely moving towards what is known as a global village. Technology also has played a big role, and the internet and mobile telephony have opened new avenues of trade and commerce. Forex trading has been an area where there have been huge changes, and it has helped create wealth among thousands of people located in different parts of the world. In this article, we will look at some of the most fascinating youngest forex millionaire stories. We are sure it will be interesting and motivating for those from South Africa and build on their dreams to become a millionaire. While the names mentioned here are indeed successful, a few of them do have quite a few things to explain how they built their wealth.

Who are South African Young Forex Millionaires?

Young South African forex millionaires are traders and investors younger than 30 years and made a million dollars fortune in their twenties working in the trading industry. Ref Wayne, Sandile Shezi, and Jabulani Ngcobo are the most famous South African young forex millionaires.

South Africa’s youngest forex millionaire is Sandile Shezi (born 1993.) because he reported in 2016. millions of dollars as a highly successful forex trader at the age of 23.

So, South African young forex millionaires are:

Ref Wayne

Ref Wayne is a person who had a keen interest in trading even when he was in high school. He left high school in 2011 and started trading in forex. It is believed that by the age of nineteen, he had already built a fortune worth a million. He has built on his success and has quite a few things to show about charity and philanthropy. He set up the Ref Wayne Foundation to help poor and underprivileged children. He also has penned a book by the name The Art of Trading. It explains both the practical and theoretical aspects of forex trading. According to some estimates, Rey Wayne must be worth around $500 million. Hence, his phenomenal success could be a great way forward for others keen on making big money in forex trading. Ref Wayne’s net worth is around $500 million (estimated in October 2019).

Jabulani Ngcobo

Born in 1985, Jabulani Ngcobo is today considered one of the wealthiest forex traders in South Africa. He is a self-made man, and therefore he does command quite a bit of respect. He also has written a book by the name Cashflow Naked. It is much more than a biography and also offers valuable education on finance. Ngcobo, like many other successful people in South Africa, has to grow up the ladder. He comes from an underprivileged background. His success is indeed worth emulating and being talked about. It could be more or less, but one thing is quite clear about his success. He has been determined and willing to do what it takes to become successful. Hence, there is no doubt that he could be a role model for those who wish to be successful in their lives. There’s an adage that says, where there’s a will, there’s a way, and he could perhaps be a living testimony to this adage.

How much is Jabulani Ngcobo worth? Jabulani Ngcobo Estimated Net Worth in 2019 is around 2 Million dollars (Wikipedia research and articles research) (Approx.).

Sandile Shezi

Sandile Shezi is one of the youngest forex traders in South Africa and South Africa’s youngest forex millionaire!

Most people work hard for many years to become millionaires. Yet, at the age of twenty-three, Sandile Shezi is one of the youngest millionaires in South Africa and the youngest forex millionaire. Unlike most young millionaires, Shezi does not come from a privileged background. As a young boy, he sold muffins to make some money. However, he was passionate about Forex trading and willing to take risks. He used the money given to him for school tuition to trade in Forex for some years since he believed it was more lucrative. He was right since he was able to make a lot of money through Forex trading.
Sandile Shezi’s net worth is estimated at around 2.4 million dollars.

Sandile Shezi Forex Trading

Sandile Shezi is famous in South Africa for the millions of dollars he has made through Forex trading at a young age. He has established a company, Global Forex Institute, which is considered one of the best companies in the country for Forex trading. However, trading in Forex is considered extremely risky because Forex rates fluctuate depending on several factors, and the Forex trader can lose his capital. Yet Sandile Shezi has spent so much time and money in Forex trading and understands the Forex market’s intricacies so well that he is considered one of Forex’s most successful traders and wealthiest in South Africa.

Sandle Shezi, who is age twenty-six, shocked many people of South Africa. This is because, at the very young age of twenty-three, he had achieved great and unimaginable success because of becoming the youngest millionaire of South Africa via his own efforts.

He made a choice that most people likely would have deemed as being rash. However, this young man demonstrated bravery and determination that most people his age do not display. It is noted that it would be considered difficult to ensure if the end was not regarded as a justification for the means in this particular case.

Ultimately, Sandle decided to make a big gamble when he spent all his college tuition to conduct trade on the forex market. The truth of the matter is that such an abrupt action could have produced a real disastrous outcome. If this had been the case, this could have caused a deep rift in his relationship with his parents, and it may have taken a lifetime of efforts to try to seek to gain the restoration of the damaged relationship if things had not turned out so well.

But the truth is that we really do not know how his family would have reacted. Also, we really do not know what his fate would have been like in life if he had not taken this giant leap of bravery by spending all that college tuition money to make a trade on the forex market.

This young man deserves some credit. This is based on the fact that he dared to show bravery and stuck with his decision. His actions are based on the principle that nothing can be gained if one never dares to move forward in taking a risk.

Following his tremendous achievement via his trade on the forex market, it cannot be denied that he became an immediate sensation across the globe and particularly in his own country and among his own family. His quick rise to fame opened many opportunities for worldwide travel, to be featured at various venues as a motivational speaker, and to serve as a poster boy regarding the youngest millionaires of the world who have achieved this by their own efforts of by receiving a wealthy inheritance.

However, many people may not realize that this rash decision of the young man to trade his college tuition on the forex market that resulted in him becoming a millionaire was backed by the fact that he had experienced many hardships and had been deprived of many things that many other people in the world enjoy daily and take for granted, even if they are not considered to be rich.

If one looks at the past few years before this episode, he was simply another kid attempting to find a way to survive to become established in a low-income neighborhood within the nation of South Africa. He did not even have what some would consider a modest upbringing, as he knew dire poverty most of his growing up years. That is why this served as a highly motivational factor that propelled him forward to make the rapid move of trading his college tuition money on the forex market in the hope of a positive outcome to be able to pursue a life that would offer more.

During his years as a high school student, it was evident that he possessed a deep desire to move beyond the grip of poverty when he engaged in the sales of muffins to obtain some money. But though he did this, his peers were not supportive, as they considered this menial and not very dignified.

He had a mind to finding ways to prosper, even if one step at a time. Therefore, he did not give in to his peers’ jeers, which was demonstrated by the fact that he went from home to home for the sake of selling clothing. Therefore, it is no wonder that he was brave enough to use his college tuition money to make a positive outcome by achieving a better life for himself and his family via the money he had hoped to gain on the forex market, which he was truly successful in doing.

Sandile Shezi Company Profile

Media sources indicate the Forex company; Global Forex is based in the Umhlanga area of Kwazulu Natal in South Africa. Sandile Shezi established the company in partnership with his mentor, George van der Riet. Riet was an experienced Forex trader with more than fifteen experience when the company was founded. The company claims that it offers effective and affordable Forex training, helping people to make a living.

Sandile Shezi Training

They offer training to all citizens and hope to reach a large number of citizens. They have already trained more than ten thousand people, making it one of the leading providers of Forex training in South Africa. According to the company website, most of the Forex training and mentoring of the new traders is free. Unemployment is a major problem in South Africa, and Global Forex hopes to alleviate the problem by training people in Forex trading. It holds free seminars in various cities so that those interested in Forex trading can get more information.

Sandile Shezi Training Method

Global Forex makes its money from Forex, and the results of the Forex trading are shared on the website so that all visitors can view the trading results and learn to trade similarly. Sandile Shezi claims that the Forex-related trading contributes to the community they live in, giving back to it for the support and encouragement. Students can link their bank account to their Forex funds and earn some money from Forex trading while continuing their college or school studies. His risk-taking ability and success have made Sandile Shezi a role model for many young people in South Africa.

If you are keen on getting to know more about the youngest millionaires in South Africa, then you may find Sandile Shezi quite interesting and stimulating. Apart from being a big name in forex trading in South Africa, he has also been immensely successful within a short time. He has been able to establish the Global Forex Institution, and it is a company that has done quite well and is running successfully. The good thing about the Global Forex Institution is that it also caters to people who belong to the lower-income segment. Therefore, it gives these less-privileged groups to aspire for building a flourishing forex trading business. However, the Global Forex Institute of GFI had been put under close watch in 2015 for some suspected fraud and irregularities. He started his forex trading business when he was just twelve. Today GFI offers free training to young people, and according to Sandile Shezi, this is a way to give back to society whatever he can. His net worth should be around $30 million (based on his speech in a TV show), and this is again an estimate rather than fully accurate.

A few takeaways

The above are a few of the many probable success stories as far as Forex trading is concerned. It might make you feel motivated and bring in the sense of belief that you can also replicate the above success stories. However, their success does not mean that each person who gets into forex trading will be successful. Success depends on several conditions and factors. However, there is no denying that there are good opportunities to make money trading on foreign currencies. Many people with very humble beginnings have been able to scale new heights of success.

All that is needed is strong determination and ambition to work as hard as it takes to achieve success. Though you will certainly come across many articles and resources (many of them paid), you must be careful when giving out your hard-earned money. You must find out whether what they offer in return byways of e-books and other such things offer any value for money. Most of these are mundane stuff, and they have nothing much to offer to you as an ambitious and success-oriented young mind. There are enough resources on the internet that could help you learn the trade tricks all by yourself. It will take some time because every success story has a gestation period attached to it.

Conclusion

Rome was not built in a day, and in the same way, success stories in forex trading also take time to bear fruit and yield results. The first few years could be that of learning and gaining knowledge and information. You will learn to strew some seeds on the soil. Some might germinate and take root, while others may wither and fall by the wayside. Focus on your efforts rather than looking at the failed opportunities. You will, for sure, see success sooner than later. If your hard work, focus, determination, and courage remain on a high level for the required amount of time, success will always be yours. Yes, it might take some time, but you will be able to leave behind a big legacy, and your name will be written clearly in the sands of time, and it perhaps cannot and will not be erased.