Confessions of a millionaire City trader — who quit aged 27 (2024)

When it came to playing the financial markets, Gary Stevenson had a superpower. It was a power that meant — in the gleaming towers of Canary Wharf in his twenties — he was perhaps the most successful trader at one of the biggest banks in the world, Citigroup. One year he earned a bonus of $2.5 million.

So what was that gift? Arrogance? He had that in spades, but no more than most City boys. Mathematical genius? Perhaps: he was good enough to shine as a student at the London School of Economics (LSE) — but, as he might say, hardly “Stephen f***ing Hawking”. Luck? Not really. He has been lucky, but he’s had bad breaks too.

No, to my reckoning, Stevenson’s superpower — as

Confessions of a millionaire City trader — who quit aged 27 (2024)

FAQs

Who was the city trader who quit aged 27? ›

Stevenson retired from trading in 2014 when he was 27 and enrolled at the Keble College, Oxford to study for a master's in economics, writing a thesis titled "The Impact of Inequality on Asset Prices When Households Care About Wealth".

How much money did Gary Stevenson make? ›

A former London trader has revealed the moment he won a $35 million (£27.9 million) bet that he made on 'society collapsing'. Gary Stevenson made his first million quid back when he was just 24 years old. He did this betting on the outcome of Greece's then financial crisis back in 2011.

Who is Citibank's most profitable trader? ›

Gary Stevenson tells how he became Citibank's youngest and most profitable trader. In this Money Talks. Felix Salmon chats with former trader Gary Stevenson, author of The Trading Game: A Confession.

What is the average age to make a million? ›

The average age of millionaires is 57, indicating that, for most people, it takes three or four decades of hard work to accumulate substantial wealth.

How to be millionare? ›

How To Get Rich
  1. Start saving early.
  2. Avoid unnecessary spending and debt.
  3. Save 15% or more of every paycheck.
  4. Increase the money that you earn.
  5. Resist the desire to spend more as you make more money.
  6. Work with a financial professional with the expertise and experience to keep you on track.
Apr 11, 2024

Who is the LDS billionaire apostle? ›

Gary Evan Stevenson

What is Gary Stevenson doing now? ›

Gary currently runs and operates multiple social media channels dedicated to educating others and sharing his extensive knowledge on economics.

Was Gary Stevenson a good trader? ›

Kent Bray, a former colleague of Stevenson at Citi, says: 'Gary was a good trader, but he wasn't the best. He didn't do it for long enough. ' But despite the money, he was not happy.

Who is the richest trader in the world? ›

George Soros

This feat cemented his reputation as the "man who broke the Bank of England" and solidified his status as a forex trading legend. Soros' net worth is estimated to be around $8 billion, making him one of the wealthiest individuals in the world.

Who is the best trader in the world today? ›

1. George Soros. George Soros, often referred to as the «Man Who Broke the Bank of England», is an iconic figure in the world of forex trading. His net worth, estimated at around $8 billion, reflects not only his financial success but also his enduring influence on global markets.

Was Gary Stevenson the best trader in the world? ›

By 2011, he says that he had become the bank's most successful trader – indeed the world's best trader. Former colleagues dispute this. Kent Bray, a former colleague of Stevenson at Citi, says: 'Gary was a good trader, but he wasn't the best. He didn't do it for long enough.

Who took over Who Wants to be a Millionaire? ›

Currently the show is hosted by Chris Harrison who took over from Terry Crews and has been hosting Who Wants to Be a Millionaire since September 2015.

What age are millionaires? ›

In 1992, the average millionaire was about 57. By 2022, the average millionaire was about 61. That means younger people aren't joining their ranks fast enough to keep the average age steady.

How to be ultra rich? ›

Investing is essential to becoming ultra-wealthy, but many people forget about the importance of a savings strategy. UHNWIs, on the other hand, understand that a financial plan is a dual strategy: They invest wisely and save wisely.

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