Paul Tudor Jones II was born in Memphis, Tennessee. In 1976 he earned a bachelor’s degree in economics from the University of Virginia. He was accepted to Harvard Business School in the 1980’s but he did not enroll. 

PTJ was a commodities broker for E. F. Hutton & Co between 1976-1980.

PTJ was mentored by cotton trader Eli Tullis. Tullis was a representative for many of the largest cotton traders in the world. Tullis hired and taught PTJ how to trade cotton futures at the New York Cotton Exchange until he had to fire Jones for falling asleep at his trading desk after he had been out partying the night before. 

Paul Tudor Jones II is a hedge fund manager and philanthropist. He founded Tudor Investment Corporation in 1980, a hedge fund that manages assets and has its headquarters in Greenwich, Connecticut. Mr. Jones  founded the Robin Hood Foundation in 1988, which tries to reduce poverty. 

PTJ became famous after appearing in the PBS documentary ‘The Trader’ in 1987 where he anticipated a market crash. He used stock index futures to triple his capital under management during the Black Monday crash in 1987 with large short positions. His fund had a 125.9% return in one day after fees with an approximate $100 million profit. 

PTJ’s hedge fund went on to perform well over the decades with steady returns and minimal drawdowns in capital. 

He made his fortune by founding and managing capital for his Tudor Investment Corporation making Paul Tudor Jones II the 131rd richest person in the world with a net worth of approximately $5.1 billion.

paul tudor jones net worth