Stanley Druckenmiller

About Stanley Druckenmiller

Who is it?: Founder, Duquesne Family Office
Birth Day: June 14, 1953
Birth Place: New York, New York, United States
Birth Sign: Cancer
Residence: New York City, New York, U.S.
Alma mater: Bowdoin College
Occupation: Investor, hedge fund manager and philanthropist
Known for: Founding and managing Duquesne Capital Managing the Quantum Fund with George Soros
Spouse(s): Fiona Katharine Biggs
Children: 3

Stanley Druckenmiller Net Worth

Stanley Druckenmiller was bornon June 14, 1953 in New York, New York, United States, is Founder, Duquesne Family Office. Stanley Druckenmiller made it big as a hedge fund manager for 30 years. He now manages his money through a family office. Until 2000, he worked for George Soros. The duo famously bet against the British pound in 1992 and made massive profits. He shut down his $12 billion hedge fund Duquesne Capital Management in August 2010, returning funds to clients. In the first half of 2017, he invested in Chinese billionaire Jack Ma's e-commerce titan, Alibaba, as well as Salesforce.com, Microsoft, and Facebook.
Stanley Druckenmiller is a member of Investments

💰 Net worth: $4.7 Billion (Updated at 22 June 2018)

2009 $3.5 Billion
2010 $2.9 Billion
2011 $2.5 Billion
2012 $2.7 Billion
2013 $2.9 Billion
2014 $3.1 Billion
2015 $4.4 Billion
2016 $4.4 Billion
2017 $4.7 Billion
2018 $4.67 Billion

Some Stanley Druckenmiller images

Famous Quotes:

I love being around kids. I couldn't figure out why all these 70-year-olds wanted to hang out with me when I was 27. Now I understand, and I'm trying to steal their energy.

Biography/Timeline

1975

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. 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 three-year 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.

1976

Druckenmiller has been married twice. In 1976, he married his high school sweetheart; they divorced in 1980. In 1988, Druckenmiller married Fiona Katharine Biggs, niece of investor Barton Biggs, in an Episcopalian ceremony. Druckenmiller has three daughters with Biggs.

1977

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. In 1981, he founded his own firm, Duquesne Capital Management.

1988

From 1988 to 2000, he managed money for George Soros as the lead portfolio manager for Quantum Fund. He is reported to have made $260 million in 2008.

1997

Druckenmiller and his wife are also principal sponsors of the New York City AIDS walk. The Stanley F. Druckenmiller Hall, built in 1997 at Bowdoin College, is named after Druckenmiller's grandfather and was dedicated to Bowdoin by Druckenmiller himself.

2006

Druckenmiller is also Chairman of the Board of Harlem Children's Zone, a multi-faceted, community-based project. Harlem Children's Zone was founded by Druckenmiller's college friend and fellow Bowdoin College alumnus Geoffrey Canada. In 2006, Druckenmiller gave $25 million to the organization. In 2013, Druckenmiller and Canada toured college campuses urging reform in taxation, health care, and Social Security to ensure intergenerational equity.

2008

In July 2008, Druckenmiller emerged as a potential investor in the Pittsburgh Steelers franchise of the National Football League. The five sons of Steelers founder Art Rooney Sr. were working to restructure ownership of the team, and Druckenmiller was contacted by a member or representative of the Rooney family about buying the shares of several of the Rooney brothers. On September 18, Druckenmiller withdrew his bid to purchase the team.

2009

In 2009, Druckenmiller was the most charitable man in America, giving $705 million to foundations that support medical research, education, and anti-poverty, including a $100 million gift to found a Neuroscience Institute at NYU School of Medicine.

2010

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.

2015

Druckenmiller advocates reducing spending on entitlement programs such as Social Security. Druckenmiller was a major supporter of Republican Governor Chris Christie of New Jersey. In 2015, Druckenmiller donated $300,000 total to the presidential candidacies of Christie, Jeb Bush, and John Kasich.