Welcome back everyone to Most Amazing Top 10!
My name is Danny Burke and today I’ll be talking about the Top 10 Traders Who Became
Millionaires!
These are people, both young and old, who invested in the stock market and made millions.
Sometimes they started off with just a tiny bit of money and became millionaires!
This video was made possible by AvaTrade who we will talk about later.
Starting off at number 10 we have Erik Finman.
In 2017, at the age of 18, Erik Finman became a bitcoin millionaire.
He began investing in bitcoin back in 2011 when each token was worth 12 dollars.
By 2017, their worth had inflated to 2,000 dollars per token.
At this point, Erik owned 403 of them, bringing his stock to just over a million dollars in
value.
He made a bet with his parents that if he turned
18 and was a millionaire, they wouldn't force him to go to college.
Well, that's exactly what happened.
In 2014, he used his initial profits to start an online education company called Botangle.
The following year, a buyer offered him a deal for the company - 100,000 dollars or
300 bitcoin.
He took the 300 bitcoin - based on his current financial situation, he made the right decision.
Next up at number 9 we have Christopher Koch.
In 2009, this Norwegian man was writing a thesis paper about encryption and a little
known thing at the time called bitcoin.
He decided to buy 5,000 bitcoins for 27 dollars - because why not.
He then forgot about his purchase for 4 years.
When he checked back, his bitcoins were now worth 886,000 dollars, later on in the year
it climbed past a million.
Christopher spent just a fifth of his money to buy an apartment in Toyen, one of the wealthiest
areas in Oslo.
Hopefully you guys have double checked to see if you bought any bitcoins that you forgot
about …
Moving on to number 8 we have Carl Icahn.
He's an American businessman, investor and philanthropist who made his millions trading
on the stock market.
In 1961, at the age of 25, he formed Icahn and co, a securities firm that focused on
trading.
He used the money for hostile takeovers of other companies.
Some of his more recent acquisitions include owning 10% of Netflix and a 100 million dollar
investment in the ride sharing service Lyft.
His estimated net worth stands at around 16.6 billion dollars.
Coming in at number 7 we have Elijah Oyefeso.
At just 23, Elijah from London was a millionaire earning 60,000 pounds a month thanks to trading
the stock market.
He said he sometimes works just an hour a day.
He's made headlines in the UK for stories involving his luxurious supercars.
In 2015, it was reported that he totalled his gold Lamborghini and Bentley on the same
day in 2015.
In 2017, it was reported that he was attacked by thieves who tried to break into his Rolls
Royce while he was in it.
He said the attack was done by haters who were jealous of him!
Moving on to number 6 we have Jordan Travers.
In 2017, the media reported on Jordan Travers, a 21 year old who turned 2000 dollars into
a million dollars using Ethereum.
He bought some of the cryptocurrency when it was still in its early phase.
This was a risky move as Ethereum could have fallen flat and become worthless.
It didn't though - the value began to climb.
For the most part, Jordan ignored his Ethereum but became curious after 4 years and checked
to find that the price of Ether had risen to 50 dollars a piece!
He held out until it reached 300 and then sold, cashing out at 719,000 dollars.
Despite his earnings, Jordan has said he won't be investing in cryptocurrencies again as
he believes lightning doesn't strike twice!
In fact, let's talk about him, at number 5 the Winklevoss Twins.
If you've ever seen The Social Network, you may recognize their name.
The Winklevoss twins famously sued Mark Zuckerberg after claiming he stole their idea for Facebook.
They won 65 million dollars from the Facebook lawsuit and invested 11 million of their payout
into Bitcoin in 2013.
At the time, that was 1% of the entire currencies value.
As I'm sure you know, Bitcoins value surged in 2017 and the twins bitcoins hit a new value
of over a billion dollars.
Yes, you heard me right - a billion.
The twins believe that Bitcoin hasn't even peaked yet, they told CNN Money that -If Bitcoin
is a better (version of) gold or seen as a type of gold-like asset, then it could be
in the trillions on a market cap-
Moving on to number 4 now we have Lawrie Inman.
This 36 year old from England was also named in Trader Monthly’s 30 under 30 after making
a 7 figure salary in trading.
He originally made his money from poker and then began to invest it in stocks.
He became famous within the trading world thanks to a single transaction he made which
made him over 1.2 million dollars in an hour.
He was was watching a speech by European Central Bank president Jean-Claude Trichet on TV and
made a big bet on the future of the five-year German government bond known as Bobl.
He correctly guessed which way the market would swing and made his fortune.
At number 3 now we have Robert Mfune.
When he turned 16, Robert started working two jobs in his home town of Southampton England.
One was at McDonalds, the other was running errands and fetching tea for binary traders
at a finance firm.
He started to learn a few things from the traders at the firm and would then go home
and do his own research.
By the time he was 18, he was earning tens of thousands from trading on the market himself
- all while working at McDonalds and attending college.
Since hanging up his McDonalds uniform for good, he has earnt hundreds of thousands of
pounds which he has spent on homes and fancy cars.
These include Range Rovers and his custom gold Bentley.
Moving on to number 2 we have 50 Cent.
No, not the famous 50 Cent.
This was the nickname for an unknown trader who appeared to make 21 million dollars in
just a few months.
Nobody know who they are other than they appear to work for Ruffer LLP, a 20 billion dollar
investment fund based in London, founded by Jonathan Ruffer.
They made the money by reinvesting profits into the VIX Stock Market.
And finally at number 1 we have Kenneth C. Griffin.
This American investor is the founder and chief executive of the global investment firm
Citadel, founded in 1990.
His life as a trader started while at Harvard University when he began to invest during
his freshman year after reading a Forbes magazine article.
During his second year at Harvard, he started a hedge fund focused on convertible bond arbitrage.
In the 90s, he became known for having a satellite dish his roof just to get real time stock
quotes, something many traders take for granted these days.
In 2017, his hedge fund trading returned 13.1% of net fees while other key funds returned
between 12 and 13%.
As of February 2018, he is estimated to be worth around 8.7 billion dollars!
Thanks again to AvaTrade for making this video possible.
They are offering you guys the chance to try trading yourself using a 100% free demo account
for 21 days.
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because, in the end, it doesn’t matter what kind of trader you are, the important thing
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check out the link below and visit avatrade.com to learn more and start trading today!
Thanks for watching guys and I’ll see you all in the next video!