John Arnold

/John Arnold
John Arnold 2015-07-14T03:14:04+00:00

John Arnold
Net Worth $2.6 Billion
Founder, Centaurus Advisors

John Arnold
Age 41
Source Of Wealth hedge funds, Self Made
Self-Made Score 8
Residence Houston, TX
Citizenship United States
Marital Status Married
Children 2
Education Bachelor of Arts / Science, Vanderbilt University
John Arnold

John Arnold abruptly shuttered his hedge fund in 2012 at just 38 years old to focus on giving away the fortune he had
made as an energy trader. A onetime Enron employee who is said to have made $750 million for the company in 2001
alone, the year that the firm collapsed, Arnold became a billionaire running his own fund. He founded Centaurus Advisors in
the wake of Enron’s collapse and got rich identifying market inefficiencies. Now, he is searching for similar inefficiencies that
he can help solve as a philanthropist. He invested in ex-convicts in New York and Massachusetts, putting money down for
social impact bonds that fund state programs aiming to keep young men from returning to jail. If the programs are
successful, the states will pay the money back that they save in prison costs. A Democrat who believes the government
needs to be more careful about its budgets, he has backed pension reform across the country and is a strong supporter of
charter schools. His efforts have drawn the ire of opponents, but Arnold says he is not backing down. “Policy work makes
you no friends,” he wrote in the Chronicle of Philanthropy in 2014. “We pursue our policy objectives not because we have a
financial stake in the outcome (we do not) or because we have any personal agenda other than improving outcomes for
society as a whole.