Stanley Druckenmiller

Synopsis

Sixty-three years old Stanley Druckenmiller is an American hedge fund manager. He is the retired chairman and president of Duquesne Capital that he founded in 1981. He was born on June 14, 1953, in Pittsburgh, Pennsylvania, United States of America. Stanley belongs to American nationality and his ethnicity is white.

Early life and Education

Stanley Druckenmiller spent his measurable childhood in a middle-cla s s family in the suburbs of Philadelphia. He is the son of Anne Thomas and Stanley Druckenmiller, who was a chemical engineer. Unfortunately, his parents divorced, when he was in elementary school and he went to live with his father in Gibbstown, New Jersey.

Stanley has two sisters named Helen and Salley. He completed his graduation from Collegiate School, Richmond, Virginia. Stanley received a BA in English and economics from Bowdoin College in 1975. Shortly after, he also opened a hot dog stand with Lawrence B. Lindsey.

Professional Career

Moving to his professional career, Stanley Druckenmiller began his financial career in 1977 as a management trainee at Pittsburgh National Bank. A star in the making, he rose to become the bank’s head of research within a year of moving to the company.

 Stanley Druckenmiller founded Duquesne Capital in 1981. He also began his professional relationship with George Soros at the latter’s Quantum Fund in 1988. However, he left Soros after taking large losses in technology stocks in 2000. Stanley also spoke about crisis coming due to entitlement transfers in 2013.

Stanley Druckenmiller advocates reducing spending on entitlement like Social Security. He was a major big supporter of Republican Governor Chris Christie of New Jersey. He told on CNBC “quit, quit optimistic” about the U.S. economy following the election of Donald Trump. 

Personal life and Affair

Moving to his personal life, Stanley Druckenmiller married twice till now. He firstly married his high school sweetheart girlfriend after dating for some years in 1976. However, the relation did not last longer and divorced in 1080.

After eight years, Stanley Druckenmiller married Fiona Katharine Biggs in 1988. She is also the niece of investor Barton Biggs. The couple has three daughters named Hannah Druckenmiller, Sarah Druckenmiller, and Tess Druckenmiller.

Net worth

American businessman Stanley Druckenmiller has an estimated net worth of $4.4 billion. He is also the member of the Forbes Billionaires and has been earning quite well at recent.