Thomas Peterffy Net Worth $13.6 billion
Thomas Peterffy salary $1,000,000,000
Thomas Peterffy Net Worth: How rich is Thomas Peterffy? & How much money is Thomas Peterffy worth? Time to find out!
Thomas Peterffy is a Hungarian-born American entrepreneur and his current net worth is $13.6 billion.
Born in Budapest, Hungary in a hospital basement during a Russian air raid, he went to study engineering.
In 1965 he left his engineering studies and immigrated to the US as a refugee. At the time he moved to New York City he didn’t speak English.
Later on, he earned a bachelor’s degree from Clark University.
He first started his career in the US as an architectural draftsman working on highway projects for an engineering company.
While at the firm, he volunteered to program a newly-purchased computer, which later became the main reason for his success.
How did Thomas Peterffy get famous?
After making a career as a financial modeling software designer, he abandoned it. Then he purchased a seat on the American Stock Exchange to trade equity options.
While in finance, he wanted to replace manual processes with more efficient automated ones and constantly pushed towards a new way of doing things.
When at the job, he would write code in his head and then apply his ideas to computerized trading models after hours.
He received a lot of attention among traders after introducing handheld computers onto the trading floor, back in the early 1980s.
Later, his work at American Stock Exchange developed into Interactive Brokers.
His influence in persuading the Securities and Exchange Commission (SEC) that US options markets could be linked electronically, which allowed investors to receive the best possible option prices, proved useful.
He has also testified before the US Senate Banking Subcommittee on Securities, Insurance, and Investment about adding banking regulations.
How does Thomas Peterffy make money?
Peterffy created political ads in support of the Republican Party, back in 2012 US presidential campaign.
His ads bought millions of dollars of air time to CNN, CNBC, and Bloomberg. They also considered the ads remarkable because he didn’t candidate, and pay for them directly without using a trust fund.
His contributions for the presidential campaigns for Republican candidates are estimated at $200,000. He donated $100,000 to the campaign of Republican nominee, Donald Trump.
The CEO of Interactive Brokers Group, Inc. has played a key role in founding Boston Options Exchange.
IB consists of many subsidiaries operating on most major stock, futures, bonds, forex, and options exchanges worldwide.