Thomas Peterffy Net Worth 2024

Thomas Peterffy met worth: Thomas Peterffy is a Hungarian-born American billionaire businessman. He is the founder, chairman, and largest shareholder of Interactive Brokers. Peterffy worked as an architectural draftsman after emigrating to the US and later became a computer programmer.

Thomas Peterffy net worth and Biography

Net worth	$19 billion
Date of Birth	September 30, 1944
Occupation	founder of Interactive Brokers
Nationality	Hungarian-born American

As of 2024, Thomas Peterffy net worth is valued at $19 billion making him one of the richest people in the world. He played a key role in developing the first electronic trading platform for securities.

Biography

Peterffy was born in Budapest, Hungary on September 30, 1944, in a hospital basement during a Russian air raid. His father emigrated to the US after the failure of the Hungarian Revolution in 1956.

Due to extreme penury, the family could not afford accommodation in the United States. Peterffy $100 by his father and was asked to make something for himself.

When he moved to New York City, he did not speak English. Peterffy began his career in the US as an architectural draftsman working on highway projects for an engineering firm. It was at this firm that he volunteered to program a newly purchased computer. Of his background in programming,

Peterffy left his career designing financial modelling software and bought a seat on the American Stock Exchange to trade equity options.

During his career in finance, he has consistently pushed to replace manual processes with more efficient automated ones. He wrote code in his head during the trading day and then applied his ideas to computerized trading models after hours.

Peterffy created a major stir among traders by introducing handheld computers onto the trading floor in the early 1980s. His business-related to his AMEX seat eventually developed into Interactive Brokers.

He is divorced, with three children. He is an avid equestrian. He lives in Palm Beach, Florida

Interactive Brokers

Interactive Brokers Group, Inc. (IB) is an online discount brokerage firm in the United States. The company traces its origin to 1977 when Peterffy bought a seat on the American Stock Exchange as an individual market maker, and formed T.P. & Co. the following year.

IB consists of many subsidiaries operating on most major stock, futures, bonds, forex, and options exchanges worldwide. The company commenced a public offering on 4 May 2007 under the ticker symbol Nasdaq: IBKR on the Nasdaq exchange.

OneChicago

OneChicago is an all-electronic exchange owned jointly by IB Exchange Group (IB), Chicago Board Options Exchange (CBOE), and CME Group. It is a privately held company that is regulated by both the Securities and Exchange Commission and the Commodity Futures Trading Commission. 

Thomas Peterffy net worth

As of 2024, Thomas Peterffy net worth is valued at $19 billion. He owns 75% of Interactive Brokers which accounts for majority of his wealth.

Source: Glusea