Richest Forex Traders

The Forex market has become increasingly popular over the last decade, with more and more people taking advantage of its high return potential. Successful investors have made their fortunes trading foreign currencies, but some have gone even further and become the richest forex traders in the world.

This article will look at some of these forex traders, explore how they made their fortunes, and discuss the strategies that made them so successful. It will also examine some key characteristics needed to become a successful trader and provide insight into why people choose to trade currencies.

List of the Richest Forex Traders

Below we list the most Successful Forex Traders. While it is hard to know the exact numbers, based on our research this is our list.

  1. Paul Tudor Jones – Net Worth: $7.5 billion
  2. George Soros – Net Worth: $6.7 billion
  3. Bruce Kovner – Net Worth: $6.6 billion
  4. Stanley Druckenmiller – Net Worth: $6.4 billion
  5. Joe Lewis – Net Worth: $5.6 billion
  6. Martin Schwartz – Net Worth: $ 4.7billion 
  7. Bill Lipschutz – Net Worth: $2 billion
  8. Andrew J. Krieger – Net Worth: Unknown
  9. Richard Dennis – Net Worth: $350 million

1. Paul Tudor Jones

Paul Tudor Jones is one of the most successful forex traders in history and is the founder of the hedge fund Tudor Investment Corporation. He has a net worth between $7.5 and $8 billion, making him one of the best forex traders.

Jones graduated from the University of Virginia in 1976, but instead of taking up an offer from Harvard Business School, he chose to pursue a career in commodity trading. He has since become renowned for his forex trading strategies and has been credited with making more than $100 million during the 1987 market crisis.

Paul Tudor Jones

Jones advises new Forex traders, emphasizing the importance of playing good defense rather than taking aggressive risks. His strategy involves having predetermined “stop danger points” to limit maximum drawdown and a plan for exiting positions that aren't going in his favor.

He encourages traders to think long-term and be patient when making profits. He also advises traders to focus on mastering the psychology of trading since this makes for better decisions.

He is one of the founding members of “the Robin Hood Foundation,” a philanthropic organization that fights poverty in New York City. Jones is also a passionate conservationist and has been actively involved in efforts to preserve the environment.

2. George Soros

George Soros is arguably the most successful forex trader in history, with an estimated net worth of $6.7 billion. Born in Hungary in 1930, he moved to the UK and studied at the London School of Economics.

After graduation, Soros began his career as an analyst and trader at several firms on Wall Street before starting his hedge fund, which eventually became known as the Quantum Fund.

George Soros

With this fund, Soros made some remarkable trades that earned him a reputation as one of the planet's most thriving investors. In 1992, his famous “breaking of the Bank of England” earned him a fortune when he made a series of trades that resulted in a profit of over $1 billion. Since then, Soros has become one of the biggest names in finance and investing and is renowned for his success in forex trading.

Soros is well-known for his aggressive trading style and risk management strategies. He has been described as a contrarian; he often takes positions contrary to the current market sentiment. This approach can be extremely successful when executed correctly, but it brings extra risks.

Soros is also known for taking big risks to earn bigger rewards, which has earned him the nickname “the man who broke the Bank of England.” He has donated much of his profits to charity organizations and is a respected philanthropist.

Today, Soros is still active in currency trading, and his success continues. He is considered one of the world's top forex traders, and his influence on the financial markets is undeniable. He is respected by many in the industry, and his success has been an inspiration for traders all over the world. He remains a role model for aspiring Forex traders everywhere, showing them that it is possible to become successful in trading currencies.

3. Bruce Kovner

Bruce Kovner is another one of the world's most successful forex traders and has a net worth of $6.6 billion. Born in 1945, he struggled to make ends meet when he was younger and worked as a cab driver to support himself while studying at Harvard University. He eventually graduated and began his career as a trader at Commodities Corporation, which is now part of Goldman Sachs.

After making his first profitable trades in soybean futures, he founded Caxton Associates and ran the firm as a macro hedge fund. Under Kovner's management, the assets grew to over $12 billion and became one of the most successful funds ever.

Bruce Kovner

Kovner adopted fundamental and technical analysis when trading currencies and a willingness to take risks when warranted. He often used leverage to increase his potential profits but only risked what he was willing to lose.

Kovner was known for his willingness to take big risks and remain calm during volatile times. He has said that he attributed most of his success to following trends, not just making trades based on gut instinct. Many have praised him for his discipline and focus on the big picture, and as a result, his strategy has been studied by many of today's successful traders.

Kovner's trading style might be unorthodox, but it has certainly paid off, as he is one of the wealthiest traders in the world. His success story inspires aspiring traders who do not have the same background, and his strategies provide valuable insight for those looking to get involved in forex trading. His story shows that with the right combination of discipline and risk-taking, anyone can achieve success in the field.

In addition to running his firm, Kovner has given back to the community. He is a major philanthropist and has donated millions of dollars to education-focused charities and organizations.

He also established the Kovner Foundation, which supports education, health, and social welfare initiatives. His philanthropic work is an example for others looking to give back to the community, and his approach to trading has made him one of the industry's top forex traders.

4. Stanley Druckenmiller

Stanley Druckenmiller is a legendary investor and hedge fund manager who claims to have an almost perfect record of trading within currency markets. His estimated net worth is around $6.4 billion.

Druckenmiller started his career in 1977 at The Pittsburgh National Bank, where he quickly ascended the ranks. He went on to collaborate with investor George Soros, making headlines for their successful exchange, which earned him and Soros a small fortune.

In 1992, he was cited in Jack Schwager's masterpiece, “The New Market Wizards,” cementing his reputation as one of the world's superior forex dealers. His hedge fund survived the 2008 financial crisis, but he eventually shut it down as the pressure of maintaining his good track record took its toll.

Stanley Druckenmiller

He is still considered one of the most successful and aggressive forex traders in history and a source of inspiration for many aspiring traders who hope to achieve similar success. His legacy lives on, and his story exemplifies what can be achieved with hard work, persistence, and expertise. He continues to share his knowledge with the world through interviews, lectures, and seminars.

Despite his success, Druckenmiller has not become complacent. He remains humble, never resting on the laurels of past accomplishments. His advice to entrepreneurs and investors is to stay disciplined and remain realistic when facing adversities.

To this day, Stanley Druckenmiller continues to be one of the most respected figures in the world of finance. His story inspires all those who wish to challenge themselves and strive for success in the turbulent waters of currency trading.

5. Joe Lewis

Joe Lewis is a billionaire businessman and successful forex trader with an estimated net worth of around $5.4 billion. Born in 1937, he started his career as an apprentice at the London Metal Exchange before eventually becoming chairman of Tavistock Group, which his father founded.

He owns numerous businesses and investments, including the Tavistock Cup and Tottenham Hotspur Football Club, and is a major shareholder in various other companies across numerous industries.

Lewis is among the most successful forex traders of all time and is credited with making billions from his aggressive currency trading strategy. He famously collaborated with George Soros to successfully short the British pound in 1992 and is said to have made more than $1.8 billion from the deal.

Joe Lewis

He is extolled in the industry as a master of currency trading and also owns an impressive Bahamas mansion. He is known to have a great appetite for takeovers, and his company Tavistock Group has investments in many different sectors. This includes hotels, restaurants, and other hospitality services; boat manufacturing and marine services; real estate development; and private equity investments.

As one of the world's richest and most successful forex traders, Joe Lewis proves that aggressive trading strategies can pay off. His method involves using high amounts of leverage and amplifying the potential gains and risks. He has earned his title as one of the greats in the field of currency trading.

6. Martin S. Schwartz

Martin Schwartz is a renowned US trader and former chairman of the National Exchange. He rose to prominence after winning the US Investing Championship in 1984, where he demonstrated impressive trading skills across stocks, forex, and options markets.

He worked as a financial analyst at the prestigious banking company E.F. Hutton before buying a seat at the New York Stock Exchange. In just two years, he made a large amount of money and founded his private fund to manage client investments. His book “Pit Bull: Lessons from Wall Street's Champion Day Trader” was highly successful.

Martin S. Schwartz

Schwartz also owned several champion horses that he raced worldwide in prestigious events. His estimated net worth is believed to be around $4.7 billion. This impressive accomplishment makes him one of history's most successful and revered forex traders.

By doing extensive research, maintaining discipline, and taking calculated risks, Schwartz demonstrates how a trader can be successful in the forex market. He continues to inspire traders worldwide as he actively shares his trading wisdom and experiences both online and through public appearances.

7. Bill Lipschutz

Bill Lipschutz is a legendary US-based investor and former hedge fund manager who began trading currencies in college. He graduated from Cornell University, where he became involved with the school's foreign exchange club and eventually opened his account with $12,000.

He quickly made a name for himself as one of the richest forex traders in history and was dubbed “The Sultan of Currencies” by some. He famously turned a $12,000 account into more than $250 million through his clever use of short-term currency trading strategies.

Bill Lipschutz

His success eventually earned him a job at Salomon Brothers, where he was head of the foreign exchange desk. He managed up to $3 billion in funds and generated over $300 million in annual returns for the company. He eventually left Salomon Brothers to become a private portfolio manager at Hathersage Capital Management.

Bill Lipschutz's net worth is estimated to be around $2 billion, making him one of the richest forex traders in the world. His success is attributed to his understanding of risk management and ability to recognize opportunities quickly. Despite the many challenges traders face today, he remains a major advocate of forex trading.

8. Andrew J. Krieger

Andrew J. Krieger is an American financial trader well-known for his involvement in the foreign exchange market. He graduated from the Wharton School of Business and started to work at Bankers Trust in 1986. His skill and talent were quickly acknowledged by the company's top management, who gave him an unprecedentedly high trading limit of $700 million.

In 1987, Krieger made use of this limit and took a daring bet against the New Zealand dollar. His boldness paid off, as the currency plummeted by 14%, which earned Bankers Trust an incredible $300 million in profits. This trade, dubbed “The Big Kahuna,” earned Krieger widespread fame and acclaim in the financial world.

Andrew J. Krieger

Following his success at Bankers Trust, Krieger joined Soros Fund Management and assumed a pivotal role in George Soros' Quantum Group of Funds.

Krieger's exact net worth is unknown, but it is speculated that his fortune is in the hundreds of millions. Krieger is known for his aggressive trading tactics and immense forex market talent. He continues to pioneer the financial industry, setting an example of success and risk-taking.

Successful Forex Trader Techniques and Strategies

The Forex market is one of the biggest financial markets in the world, and success in it requires high levels of skill and knowledge. There is no single formula for success; some traders have developed a range of strategies that have helped them amass huge fortunes.

One of the most significant skills shared by successful traders is an in-depth knowledge of the forex market and an understanding of how different currencies move against each other. A profitable trader can identify trends quickly and accurately forecast future movements in currency pairs. They have a good sense of timing, entering and exiting trades quickly to maximize profits.

Successful traders also possess strong psychological fortitude. Trading is an inherently risky endeavor and requires a great deal of discipline and self-control. Successful traders remain level-headed during losses, calmly assess the markets, and make rational decisions to produce long-term gains.

Successful traders develop their trading strategies and employ risk management techniques that protect them from potential losses. This includes stopping losses or trailing stops, limiting orders, or taking a long view. They are willing to take calculated risks and employ aggressive trading strategies when the potential reward justifies it.

Can I Become Rich Trading Forex?

The simple answer to this question is yes, it is possible to get rich trading forex. But becoming a millionaire through forex trading is more challenging than people think. It requires hard work, dedication, and an extensive understanding of currency markets and how they work (and a little luck and timing do not hurt).

Successful traders typically have years of experience in the markets and have developed strategies that have proven successful over time. They also employ risk management techniques to mitigate losses, a crucial part of trading success.

Final Thoughts

The world's richest forex traders are an inspiring and aspirational bunch. Success in the markets requires dedication, discipline and hard work – attributes that each successful individual has demonstrated throughout their trading careers.

The key to becoming one of the world's richest forex traders is maintaining a consistent approach and developing well-defined profitable forex trading strategies that will work over time. The path can be difficult, but success is within reach with the right dedication and effort.

Having a large starting capital base can be beneficial to some extent, but even those with limited resources can achieve great success in the forex markets. By studying and emulating the success stories of these individuals, you can gain insight into how to become a profitable trader.

About the author

Ziga Breznik is the owner and head of research at – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.