Stanley Freeman Druckenmiller was born on June 14,1953 and is an American billionaire investor, philanthropist and former hedge fund manager.
23 Facts About Stanley Druckenmiller
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Stanley Druckenmiller is the former chairman and president of Duquesne Capital, which he founded in 1981.
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Stanley Druckenmiller closed the fund in August 2010, at which time it had over $12 billion in assets.
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Stanley Druckenmiller is reported to have made $260 million in 2008.
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Stanley Druckenmiller grew up in a middle-class household in the suburbs of Philadelphia.
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Stanley Druckenmiller's parents divorced when he was in elementary school and he went to live with his father in Gibbstown, New Jersey and then in Richmond, Virginia.
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Stanley Druckenmiller became head of the bank's equity research group after one year.
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Stanley Druckenmiller moved to Pittsburgh full-time in 1986, when he was named head of the Dreyfus Fund.
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Stanley Druckenmiller left Soros in 2000 after taking large losses in technology stocks.
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Stanley Druckenmiller is profiled in the book The New Market Wizards by Jack D Schwager.
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Stanley Druckenmiller is a top-down investor who adopts a similar trading style as George Soros by holding a group of stocks long, a group of stocks short, and uses leverage to trade futures and currency.
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In 1988, Stanley Druckenmiller married Fiona Katharine Biggs, a Barnard College graduate and niece of investor Barton Biggs, in an Episcopalian ceremony.
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Stanley Druckenmiller advocates reducing spending on social safety net programs such as Social Security.
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Stanley Druckenmiller was a major supporter of Republican Governor Chris Christie of New Jersey.
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In 2015, Stanley Druckenmiller donated $300,000 total to the presidential candidacies of Christie, Jeb Bush, and John Kasich.
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In 2023, Stanley Druckenmiller endorsed Nikki Haley in the 2024 Republican Party presidential primaries.
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In 2020, after the stock market crash and subsequent rally above pre-crash levels, Stanley Druckenmiller said he expects inflation in the US economy due to actions taken by the Federal Reserve.
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In 2009, Stanley Druckenmiller donated $705 million to foundations that support medical research, education, and anti-poverty, including a $100 million gift to found a Neuroscience Institute at the NYU School of Medicine.
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In 2010, Stanley Druckenmiller announced that he will close his Duquesne Capital hedge fund in order to spend more time on philanthropy, according to Bloomberg.
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Stanley Druckenmiller gave $700 million to his foundation last year and will apparently ramp that up in coming years.
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Stanley Druckenmiller is Chairman of the Board of Harlem Children's Zone, a multi-faceted, community-based project.
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In July 2008, Stanley Druckenmiller emerged as a potential investor in the Pittsburgh Steelers franchise of the National Football League.
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Former Steelers President Dan Rooney stated that he has no ill will toward Stanley Druckenmiller, mentioning that he hopes the financier remains a great Steelers fan.