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Houston billionaire trader John Arnold retiring at 38
Posted on 5/4/12 at 4:45 pm
Posted on 5/4/12 at 4:45 pm
Ahh must be nice
LINK
LINK
quote:
Houston hedge fund manager John Arnold, a major force behind Enron’s once-mighty energy trading operation and one of the city’s richest men, has decided to retire — at 38.
In a letter to investors that was not made public but quickly found its way to the nation’s financial press, Arnold said he was quitting in order to “pursue other interests.” While the commonly used phrase often connotes a forced resignation, in this case the hedge fund was the one he controlled, and reportedly more than half of its assets were his own.
8
Posted on 5/4/12 at 4:46 pm to barry
only 38? he's not OT ballin, i retired at 16
Posted on 5/4/12 at 6:04 pm to barry
quote:
Houston hedge fund manager John Arnold, a major force behind Enron’s once-mighty energy trading operation and one of the city’s richest men, has decided to retire — at 38.
Wait a minute...this guy was calling the shots on Enron's trading desk at what, like 25??
This dude must be the shite.
Posted on 5/4/12 at 6:44 pm to ZereauxSum
quote:
Wait a minute...this guy was calling the shots on Enron's trading desk at what, like 25??
This dude must be the shite.
From Wikipedia:
quote:
John Douglas Arnold, born in 1974, is an American hedge fund manager, specializing in natural gas trading.
Using their new Internet-based trading network, EnronOnline, he is credited with making three quarters of a billion dollars for Enron in 2001 and was rewarded with an $8 million bonus. One of his former colleagues dubbed him "the king of natural gas."
In 2009, John Arnold is believed to have made $900 million dollars.[13]
In Forbes magazine's 2011 list of The Forbes 400, John Arnold ranked 91, with a net worth of $3.5 billion. In Forbes magazine's list of 2012 The World's Billionaires, John Arnold is ranked 377, with a net worth of $3 billion.
In 2011, he and his wife donated over $100 million dollars to different causes[14][15] including the Laura and John Arnold Foundation which they founded.
Him and his wife:
Posted on 5/4/12 at 6:54 pm to barry
Dude is a fricking boss
Posted on 5/4/12 at 7:32 pm to rollthatback
Looks like a giant nerd who made a bundle like many nerds.
fricking typical and I'm typically jealous.
fricking typical and I'm typically jealous.
Posted on 5/4/12 at 8:31 pm to Teddy Ruxpin
Looks smart, but definitely married up, way up
Posted on 5/4/12 at 8:49 pm to barry
And a Vanderbilt grad as well.
(begin SEC chant)
(begin SEC chant)
Posted on 5/4/12 at 8:57 pm to iPadThai
All that money and no game. 
Posted on 5/4/12 at 11:15 pm to ZereauxSum
quote:
Wait a minute...this guy was calling the shots on Enron's trading desk at what, like 25??
This dude must be the shite.
He turned roughly 10 million into 3.5 billion in 11 years. Uh yea he's the shite.
Posted on 5/4/12 at 11:33 pm to barry
His wife actually has a Yale law degree, not exactly some dumb broad
Posted on 5/4/12 at 11:45 pm to lsufan77379
Worth a billion and can't even get a suit to fit him.
Posted on 5/5/12 at 1:52 am to iPadThai
He could have done far better IMO
Posted on 5/5/12 at 9:14 am to donRANDOMnumbers
:startstradingnaturalgas:
Posted on 5/5/12 at 1:09 pm to barry
How about GOP VP canidate for his next GiG ???
Posted on 5/6/12 at 6:25 pm to iPadThai
quote:
In 2011, he and his wife donated over $100 million dollars to different causes[14][15] including the Laura and John Arnold Foundation which they founded.
But...but...billionaires are supposed to be all evil and stuff
Posted on 5/6/12 at 6:39 pm to barry
I'd retire from Natty gas trading too when things like this happen. Supply is loaded for decades and we are probably another decade away in technology to have a significant enough shift in the demand curve to offset supply. Of course market expectations could expedite this process but the opposite could happen as well.
Also, I know algos exist in every market.
Also, I know algos exist in every market.
This post was edited on 5/6/12 at 6:42 pm
Posted on 5/6/12 at 10:39 pm to barry
His retirement goal should be to pay as little tax to the feds as possible. And then , do whatever the frick he feels like doing !
Posted on 5/7/12 at 8:47 am to barry
He will buy an English Premier League team in the next 18 months.
Posted on 5/7/12 at 3:43 pm to iPadThai
He looks like Gabe from the Office.
I wish he could loan me some of his financial smarts since he won't be needing them anymore.
I wish he could loan me some of his financial smarts since he won't be needing them anymore.
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