John Arnold Net Worth for 2020:
3.3 Billion USD
John Arnold is a hedge fund manager that owns his own business called “Centaurus Advisors, LLC”, a company that trades energy products. He was born in 1974 and was raised in Dallas, Texas. He lived in a home with both parents that worked. His father was a lawyer and his mother was an accountant. He attended and graduated from Vanderbilt University after earning a Bachelor’s Degree in Arts and Science after only 3 years. Later, he moved to Houston, Texas, where he still resides with his wife and 2 children.
In his 20′s, Arnold started his career at Enron working on the Crude Oil desk and was later moved to the Natural Gas Desk. Here he started trading online and made Enron three quarters of a billion dollars in 2001. Enron gave Arnold a huge bonus of $8 million soon after. In 2002, after Enron’s collapse, Arnold started his own venture and invested the bonus that he got from Enron into a company of his own. After opening “Centaurus Advisors, LLC”, Arnold became one of youngest billionaires in U.S. history by using his ability to take big risks with smaller companies in the energy trading markets. Bigger companies didn’t want to risk trading with these smaller companies for fear of losing money with them. Arnold, on the other hand, seemed to have thrived with these smaller ones. He had the ability to see the future, or so it seemed, and gambled on the fall of energy costs. This put him on the road to prosperity. By trading with the smaller companies, he was able to buy cheaper commodities and resell when the prices went up. Taking these risks have definitely paid off for Arnold. He has a net worth of $3.3 billion this year, making him one of the richest self-made billionaires alive.
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Nowadays, Arnold has started new endeavors. He is starting a new twist in the energy world by buying up natural-gas taverns and by looking to the horizons for the next energy boost, liquefied natural gas. He still makes appearances in Washington to keep up with the trading limitations that the CFTC (Commodity Futures Trading Commission) has vowed to set against the energy trading community.
Even if the rest of the world doesn’t have the ability or assets to risk in the energy markets, we can still learn something from John Arnold. We can try to venture out every once in a while and take a few risks, even if we think that we will fail at it. It may not fail after all. Life is too short and uncertain for us not to try something new and it may well be worth the risk that you put into it. Sometimes, we might just need to go with our gut feelings.
Next, you should check out our latest post on how to become a billionaire.