Age, Biography and Wiki
Stanley Druckenmiller (Stanley Freeman Druckenmiller) was born on 14 June, 1953 in Pittsburgh, Pennsylvania, U.S., is an American investor and philanthropist. Discover Stanley Druckenmiller's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 70 years old?
Popular As |
Stanley Freeman Druckenmiller |
Occupation |
Investor, hedge fund manager and philanthropist |
Age |
70 years old |
Zodiac Sign |
Gemini |
Born |
14 June 1953 |
Birthday |
14 June |
Birthplace |
Pittsburgh, Pennsylvania, U.S. |
Nationality |
United States
|
We recommend you to check the complete list of Famous People born on 14 June.
He is a member of famous manager with the age 70 years old group. He one of the Richest manager who was born in United States.
Stanley Druckenmiller Height, Weight & Measurements
At 70 years old, Stanley Druckenmiller height not available right now. We will update Stanley Druckenmiller's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
Physical Status |
Height |
Not Available |
Weight |
Not Available |
Body Measurements |
Not Available |
Eye Color |
Not Available |
Hair Color |
Not Available |
Who Is Stanley Druckenmiller's Wife?
His wife is Fiona Druckenmiller (m. 1988)
Family |
Parents |
Not Available |
Wife |
Fiona Druckenmiller (m. 1988) |
Sibling |
Not Available |
Children |
Tess Druckenmiller, Sarah Druckenmiller, Hannah Druckenmiller |
Stanley Druckenmiller Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Stanley Druckenmiller worth at the age of 70 years old? Stanley Druckenmiller’s income source is mostly from being a successful manager. He is from United States. We have estimated Stanley Druckenmiller's net worth, money, salary, income, and assets.
Net Worth in 2024 |
4.7Â billion USD (2020) |
Salary in 2024 |
Under Review |
Net Worth in 2023 |
Pending |
Salary in 2023 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
manager |
Stanley Druckenmiller Social Network
Timeline
Stanley Freeman Druckenmiller (born June 14, 1953) is an American billionaire investor, philanthropist and former hedge fund manager.
In 1975, he received a BA in English and economics from Bowdoin College (where he opened a hot dog stand with Lawrence B. Lindsey, who later became economic policy adviser to President George W. Bush).
He dropped out of a Ph.D. program in economics at the University of Michigan in the middle of the second semester to accept a position as an oil analyst for Pittsburgh National Bank.
In 1976, he married his high school sweetheart; they divorced in 1980.
Druckenmiller began his financial career in 1977 as a management trainee at Pittsburgh National Bank.
He became head of the bank's equity research group after one year.
He is the former chairman and president of Duquesne Capital, which he founded in 1981.
In 1981, he founded his own firm, Duquesne Capital Management.
In 1985, he became a consultant to Dreyfus, splitting his time between Pittsburgh and New York, where he lived two days each week.
He moved to Pittsburgh full-time in 1986, when he was named head of the Dreyfus Fund.
As part of his agreement with Dreyfus, he also maintained management of Duquesne.
From 1988 to 2000, he managed money for George Soros as the lead portfolio manager for Quantum Fund.
In 1988, Druckenmiller married Fiona Katharine Biggs, a Barnard College graduate and niece of investor Barton Biggs, in an Episcopalian ceremony.
Druckenmiller has three daughters with Biggs.
Druckenmiller advocates reducing spending on social safety net programs such as Social Security.
Druckenmiller was a major supporter of Republican Governor Chris Christie of New Jersey.
He and Soros famously "broke the Bank of England" when they shorted British pound sterling in 1992, reputedly making more than $1 billion in profits, in an event known as Black Wednesday.
They calculated that the Bank of England did not have enough foreign currency reserves with which to buy enough sterling to prop up the currency and that raising interest rates would be politically unsustainable.
He left Soros in 2000 after taking large losses in technology stocks.
Since then, he has concentrated full-time on Duquesne Capital.
He is profiled in the book The New Market Wizards by Jack D. Schwager.
He is reported to have made $260 million in 2008.
Druckenmiller was born in Pittsburgh, Pennsylvania, the son of Anne and Stanley Thomas Druckenmiller, a chemical engineer.
He grew up in a middle-class household in the suburbs of Philadelphia.
His parents divorced when he was in elementary school and he went to live with his father in Gibbstown, New Jersey (a section of Greenwich Township, Gloucester County, New Jersey) and then in Richmond, Virginia (his sisters, Helen and Salley, would stay with their mother in Philadelphia).
Druckenmiller is a graduate of Collegiate School, Richmond, Virginia.
He closed the fund in August 2010.
At the time of closing, Duquesne Capital had over $12 billion in assets.
According to Bloomberg News, on August 18, 2010, Druckenmiller announced the closing of his hedge fund "telling investors he'd been worn down by the stress of trying to maintain one of the best trading records in the industry while managing an 'enormous amount of capital.'" Duquesne Capital Management posts an average annual return of 30 percent without any money-losing year.
His funds were down for about 5 percent when he announced his retirement in August.
However, they had since erased the losses and closed with a small gain through successful bets that the market would rally in anticipation that the Federal Reserve would announce further "Quantitative Easing" to assist in reducing unemployment and avoid deflation.
According to The Wall Street Journal, on August 18, 2010, Druckenmiller "told clients that he's returning their money and ending his firm's 30-year run, citing the 'high emotional toll' of not performing up to his own expectations."
He indicated it was not easy to make big profits while handling very large sums of money.
In 2015, Druckenmiller donated $300,000 total to the presidential candidacies of Christie, Jeb Bush, and John Kasich.
In early 2019 he held large positions in Microsoft, Abbott Laboratories, Salesforce.com, Delta Airlines, and American Airlines.
Druckenmiller has been married twice.
His biggest investments are Microsoft and Amazon in 2020.
Druckenmiller is a top-down investor who adopts a similar trading style as George Soros by holding a group of stocks long, a group of stocks short, and uses leverage to trade futures and currency.
In 2020, after the stock market crash and subsequent rally above pre-crash levels, Druckenmiller said he expects inflation in the US economy due to actions taken by the Federal Reserve.