DD - Wall Street Billionaire Thomas Peterffy Discusses His 'Worst Trade' And More: 'It Was A Huge Hit' | Benzinga
Wall Street billionaire and Interactive Brokers' founder Thomas Peterffy might have amassed wealth over the years, but just like almost every trader, he has also suffered losses while dealing in options.
What Happened: In an interaction with Forbes, Peterffy opened up about his worst trade ever, alongside revealing some more details about his life and investment philosophies.
Peterffy is currently the 59th richest person in the world and has a wealth of $27.1 billion, according to the Bloomberg Billionaires Index.
Peterffy is a Hungarian immigrant – he reached the U.S. shores in 1965 and began his journey as an architectural draftsman.
He learned computer programming skills over the next few years and got himself a seat on the American Stock Exchange in 1977. A year later, he launched his own brokerage firm, Interactive Brokers, which would go on to contribute to a significant portion of ...