Thomas Peterffy Net Worth

Thomas Peterffy Net Worth

Real Name: Thomas Peterffy
Date of Birth: 1/1/1944
Place of Birth: Budapest, Hungary

2019 Net Worth: $9.1 Billion
2018 Earnings:

Profession: Founder, Chairman, and CEO of Interactive Brokers

Thomas Peterffy Biography

Thomas Peterffy was born in Budapest, Hungary in 1944. Little is known about his early life other than his mother gave birth in the basement of a hospital during an air raid.  Peterffy immigrated to America as a refugee in 1965 to escape Communism. He had studied engineering in his native homeland however, since he did not speak English when he arrived in New York, he had to add to his language skills before he could attend an American college.

He earned a Bachelor’s degree from Clark University. His first jobs were working as an architectural draftsman, working on highway projects and bridges. While working for an engineering firm, he volunteered to program a newly purchased business computer. This simple act was to change his future forever.

He later left a position where he was designing financial software and purchased a seat on the American Stock Exchange to trade equity options in 1997.  He consistently pushed to replace the manual process of buying and selling stocks with more efficient, automated trades. Peterffy would often think up complicated computer coding during the trading day, and then apply those ideas to his computerized trading models after hours. Peterffy was the first person to introduce hand held computers that were used on the trading floor in the early 1980’s. Peterffy’s business, eventually became Interactive Brokers Group, a discount brokerage firm in the U.S. that operates online.

Peterffy was also involved in the founding of the Boston Options Exchange, otherwise known as BOX.  BOX provides electronic order matching service to stockbrokers and traders. BOX offers price improvements to traders through an automated trading mechanism.

With a current net worth of $9.1 billion, Peterffy’s business plan appears to be working quite well. Peterffy is the 76th richest person in America and the 3rd richest in his residential state of Connecticut. This avid equestrian is the 248th richest billionaire on the planet, but lives a very private life, rarely giving interviews.

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