Born and raised in Pittsburgh, Pennsylvania, Stanley Druckenmiller is an American investor, hedge fund manager, and philanthropist. Besides, he is the former chairman and president of Duquesne Capital, which he founded in 1981. Later when Duquesne Capital was about to close, it had over $12 billion in assets.
Stanley Druckenmiller was born Stanley Freeman Druckenmiller on June 14, 1953, in Pittsburgh, Pennsylvania, the U.S. under the zodiac sign of Gemini. As per his nationality, he is American and belongs to white ethnicity.
He was born to Anne and Stanley Thomas Druckenmiller, a chemical engineer. Stanley grew up in a middle-class family household in the suburbs of Philadelphia. He grew in Pittsburgh along with his sister Helen and Salley.
Later when he was in elementary school, his partners got divorced. After that, he went to live with his father in Gibbstown, New Jersey. He attended and graduated from Collegiate School.
Later in 1975, he received a BA in English and economics from Bowdoin College. Later he attended the University of Michigan, however, he dropped out of a three-year Ph.D. program in economics.
Stanley Druckenmiller, aged 65 is a married man. He was married twice until now. He first married his longtime girlfriend, however, he has not revealed her name to the media. They got married in 1976, but not long they got divorced in 1980.
After that, he moved on his life where met Fiona Katharine Biggs, niece of investor Barton Biggs. The duo dated for a few years and got married in 1988.
Few years of their marriage they welcomed their three daughters Hannah Druckenmiller, Sarah Druckenmiller, and Tess Druckenmiller. The family of five are living a happy life in New York City, New York.
Stanley Druckenmiller has an estimated net worth of $4.6 billion. As a businessman, he was able to collect a huge amount of money. Besides, he also shut down his $12 billion hedge fund Duquesne Capital Management in August 2010.
Furthermore, in 2009, he donated $705 million to foundations that support medical research, education, and anti-poverty. He also gave $100 million gifts to found a Neuroscience Institute at NYU School of Medicine.
He started his financial career in 1977 as a management trainee at Pittsburgh National Bank. Following year, he became the head of the bank’s equity research group. Later in 1981, he founded his own firm, Duquesne Capital Management.
Furthermore, he was hired by George Soros to replace Victor Niederhoffer at Quantum Fund in 1988. In 1992, Stanley and George famously “broke the Bank of England” when they shorted British pound sterling and made more than $1 billion in profits.
However, in 2000, he left George, after taking large losses in technology stocks. Since then he has been using his full-time on Duquesne Capital.
Later on August 18, 2010, he “told clients that he’s returning their money and close his firm’s 30-years run, citing the ‘high emotional toll’ of not performing up to his own expectations“.
He even indicated that it was not easy to make big profits while handling very large sums of money. Besides he also holds a large position in Microsoft, Abbott Laboratories, Salesforce.com, Delta Airlines, and American Airlines.