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John D. Arnold
John Douglas Arnold (born 1974) is an American billionaire. In 2007, Arnold became the youngest billionaire in the U.S. His firm, Centaurus Advisors, LLC, was a Houston-based hedge fund specializing in trading energy products that closed in 2012. He now focuses on philanthropy through Arnold Ventures LLC. Arnold is a board member of Breakthrough Energy Ventures and since February 2024, is a member of the board of directors of Meta.
Arnold was raised in Dallas, Texas, and he was the younger of two sons. His mother was a teacher and would later work as an accountant at Centaurus. His father was a corporate lawyer and died when Arnold was 18. At 14, he started his first company selling collectible sports cards called Blue Chip Cards. He completed high school at Hillcrest High School in 1992.
A 1995 graduate of Vanderbilt University, he completed a degree in mathematics and economics in three years. He is a member of Lambda Chi Alpha.
After college, he began his career at Enron as an oil analyst. In 1996, less than a year after starting at Enron, he moved to oversee the trading of natural gas derivatives. His trading book is credited with making $750 million for Enron in 2001 and he was rewarded with the largest bonus in Enron history, some $8 million. His former colleagues dubbed him "king of natural gas." Arnold was deposed in May 2005 by Antara Resources regarding his possible manipulation of information used for gas price indexes.
He then founded Centaurus, a hedge fund, with his previous year's bonus and two other investors in 2002. He was widely quoted for his viewpoints on the industry by a government commission.[better source needed]
During the collapse of Amaranth Advisors, Centaurus is widely credited as being one of the major players on the other side of their position, returning as much as 150% in 2005. August 2008, Centaurus acquired around 10% of the shares of National Coal Corporation (NCOC).
In 2009, Arnold gave a public speech to the U.S. Commodity Futures Trading Commission (CFTC), in which he opposed limits on financially settled trading positions but supported limits in the physical energy futures as they near expiration. Arnold announced his retirement from running the hedge fund on May 2, 2012. Centaurus had an average annualized return in excess of 100% across this 10 year run.
In 2019, Arnold became the chairman of Houston's 2026 bid for the FIFA World Cup.
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John D. Arnold
John Douglas Arnold (born 1974) is an American billionaire. In 2007, Arnold became the youngest billionaire in the U.S. His firm, Centaurus Advisors, LLC, was a Houston-based hedge fund specializing in trading energy products that closed in 2012. He now focuses on philanthropy through Arnold Ventures LLC. Arnold is a board member of Breakthrough Energy Ventures and since February 2024, is a member of the board of directors of Meta.
Arnold was raised in Dallas, Texas, and he was the younger of two sons. His mother was a teacher and would later work as an accountant at Centaurus. His father was a corporate lawyer and died when Arnold was 18. At 14, he started his first company selling collectible sports cards called Blue Chip Cards. He completed high school at Hillcrest High School in 1992.
A 1995 graduate of Vanderbilt University, he completed a degree in mathematics and economics in three years. He is a member of Lambda Chi Alpha.
After college, he began his career at Enron as an oil analyst. In 1996, less than a year after starting at Enron, he moved to oversee the trading of natural gas derivatives. His trading book is credited with making $750 million for Enron in 2001 and he was rewarded with the largest bonus in Enron history, some $8 million. His former colleagues dubbed him "king of natural gas." Arnold was deposed in May 2005 by Antara Resources regarding his possible manipulation of information used for gas price indexes.
He then founded Centaurus, a hedge fund, with his previous year's bonus and two other investors in 2002. He was widely quoted for his viewpoints on the industry by a government commission.[better source needed]
During the collapse of Amaranth Advisors, Centaurus is widely credited as being one of the major players on the other side of their position, returning as much as 150% in 2005. August 2008, Centaurus acquired around 10% of the shares of National Coal Corporation (NCOC).
In 2009, Arnold gave a public speech to the U.S. Commodity Futures Trading Commission (CFTC), in which he opposed limits on financially settled trading positions but supported limits in the physical energy futures as they near expiration. Arnold announced his retirement from running the hedge fund on May 2, 2012. Centaurus had an average annualized return in excess of 100% across this 10 year run.
In 2019, Arnold became the chairman of Houston's 2026 bid for the FIFA World Cup.