Thomas Peterffy

{{Short description|Hungarian-American businessman (born 1944)}}

{{Western name order|Péterffy Tamás}}

{{Use American English|date=June 2023}}

{{Use mdy dates|date=June 2023}}

{{Infobox person

| name = Thomas Peterffy

| image = Thomas Peterffy Painting Portrait By Artist Danor Shtruzman - Art Drawings (100 Richest By Forbes 2017 List).jpg

| birth_date = {{birth year and age|1944|9}}

| birth_place = Budapest, Hungary

| citizenship = United States

| occupation = Founder and chairman of Interactive Brokers

| known_for = Developing first electronic trading platform of securities

| spouse = Dale McDonald (divorced)

| children = 3

}}

Thomas Peterffy (born September 30, 1944){{cite web |last1=Burke |first1=Monte |title=The American Dream |url=https://www.pressreader.com/usa/forbes/20161025/281479275902872 |work=Forbes |access-date=15 May 2023 |archive-url=https://web.archive.org/web/20191213185457/https://www.pressreader.com/usa/forbes/20161025/281479275902872 |archive-date=December 13, 2019 |language=en |via=PressReader |date=2016-10-25 |url-status=live}} is a Hungarian-born American billionaire businessman. He is the founder, chairman, and the largest shareholder of Interactive Brokers.{{cite web |url=http://www.nasdaq.com/reference/200705/market_open_050407.stm |title=Interactive Brokers [IBKR] - 05/04/2007 |publisher=Nasdaq.com |accessdate=October 16, 2012 |archive-date=November 1, 2012 |archive-url=https://web.archive.org/web/20121101235100/http://www.nasdaq.com/reference/200705/market_open_050407.stm |url-status=live }} Peterffy worked as an architectural draftsman after emigrating to the United States, and later became a computer programmer. In 1977, he purchased a seat on the American Stock Exchange and played a role in developing the first electronic trading platform for securities. As of May 2025, Forbes estimated his net worth at US$55.5 billion, making him the 28th richest person in the world.{{Cite news |title=Forbes Billionaires |work=Forbes |url=https://www.forbes.com/profile/thomas-peterffy/ |access-date=7 February 2025}}

Early life and career

Peterffy was born in Budapest, Hungary, on September 30, 1944, in a hospital basement during a Russian air raid.{{Cite web|url=https://www.bloomberg.com/news/photo-essays/2010-12-06/twenty-billionaires-who-started-with-nothing|title=Twenty Billionaires Who Started With Nothing|date=December 6, 2010|website=www.bloomberg.com|access-date=December 13, 2019|archive-date=December 14, 2019|archive-url=https://web.archive.org/web/20191214003220/https://www.bloomberg.com/news/photo-essays/2010-12-06/twenty-billionaires-who-started-with-nothing|url-status=live}} His father emigrated to the U.S. after the failure of the Hungarian Revolution in 1956. Peterffy left his engineering studies in Hungary and emigrated to the United States to join his father in New York in 1965.{{cite news |url=https://www.forbes.com/profile/thomas-peterffy/ |title=Forbes profile: Thomas Peterffy |work=Forbes |accessdate=January 17, 2021 |archive-date=January 3, 2021 |archive-url=https://web.archive.org/web/20210103064154/https://www.forbes.com/profile/thomas-peterffy/ |url-status=live }} When his father, who was living with his second wife, did not have room to accommodate his son, he gave Thomas $100 and told him to "make something of himself".{{Cite news|url=https://www.forbes.com/profile/thomas-peterffy/|title=Thomas Peterffy|work=Forbes|access-date=December 13, 2019|archive-date=December 20, 2019|archive-url=https://web.archive.org/web/20191220032231/https://www.forbes.com/profile/thomas-peterffy/|url-status=live}}

When he moved to New York City, he did not speak English. Peterffy began his career in the U.S. as an architectural draftsman working on highway projects for an engineering firm. At this firm, he volunteered to program a newly purchased computer. Of his background in programming, Peterffy said, "I think the way a CEO runs his company is a reflection of his background. Business is a collection of processes, and my job is to automate those processes so that they can be done with the greatest amount of efficiency".

Peterffy left his career designing financial modeling software and bought a seat on the American Stock Exchange to trade equity options. During his career in finance, he has consistently pushed to replace manual processes with more efficient automated ones. He wrote code in his head during the trading day and then applied his ideas to computerized trading models after hours. Peterffy created a stir among traders by introducing handheld computers onto the trading floor in the early 1980s. His business related to his AMEX seat eventually developed into Interactive Brokers. He stepped down as CEO in 2019.{{Cite web|url=https://www.fool.com/investing/2019/01/14/interactive-brokers-ceo-steps-down-what-investors.aspx|title=Interactive Brokers' CEO Steps Down: What Investors Need to Know|last=Duberstein|first=Billy|date=January 14, 2019|website=The Motley Fool|access-date=January 16, 2020|archive-date=July 28, 2020|archive-url=https://web.archive.org/web/20200728085609/https://www.fool.com/investing/2019/01/14/interactive-brokers-ceo-steps-down-what-investors.aspx|url-status=live}}

In 2021, Interactive Brokers moved its European headquarters in London and outsourced its operations to two new continental centers. Thereafter, their Western European clients were served by a subsidiary in Ireland, while their Central European operations were based in Budapest. According to Peterffy, he chose Budapest because he was convinced that the Hungarian language and the “unique Hungarian logic” would result in above-average profitability; he also wanted to pay off the debt he owed to his native Hungary. The Budapest-based subsidiary, Interactive Brokers Central Europe Zrt., was established in Hungary and became a member of the Budapest Stock Exchange (BSE) upon its incorporation.{{Cite web|title=Interjú a leggazdagabb magyarral - "Ragaszkodtam hozzá, hogy Budapesten legyen a régiós központ"|url=https://www.portfolio.hu/uzlet/20210603/interju-a-leggazdagabb-magyarral-ragaszkodtam-hozza-hogy-budapesten-legyen-a-regios-kozpont-485726|access-date=June 9, 2021|website=Portfolio.hu|date=3 June 2021|language=hu|archive-date=June 9, 2021|archive-url=https://web.archive.org/web/20210609013547/https://www.portfolio.hu/uzlet/20210603/interju-a-leggazdagabb-magyarral-ragaszkodtam-hozza-hogy-budapesten-legyen-a-regios-kozpont-485726|url-status=live}}{{Cite web|date=June 1, 2021|title=Péterffy Tamás a BÉT-en: a grundon nevelkedett, ma már messze ő a leggazdagabb magyar|url=https://telex.hu/gazdasag/2021/06/01/peterffy-tamas-a-bet-en-a-grundon-nevelkedett-ma-mar-messze-o-a-leggazdagabb-magyar|access-date=June 9, 2021|website=telex|language=hu|archive-date=June 9, 2021|archive-url=https://web.archive.org/web/20210609013545/https://telex.hu/gazdasag/2021/06/01/peterffy-tamas-a-bet-en-a-grundon-nevelkedett-ma-mar-messze-o-a-leggazdagabb-magyar|url-status=live}}

Peterffy, alongside Mark Penn, Victor Ganzi, Josh Harris, and James Tisch, contributed to a $50 million investment fund in The Messenger, a news website that launched in May 2023.{{cite web |last1=Fischer |first1=Sara |title=The Messenger to launch May 15 with 150 journalists |url=https://www.axios.com/2023/05/02/messenger-launch-may-150-journalists |website=Axios |access-date=May 21, 2023 |date=May 2, 2023 |archive-date=May 13, 2023 |archive-url=https://web.archive.org/web/20230513133316/https://www.axios.com/2023/05/02/messenger-launch-may-150-journalists |url-status=live }}{{cite web |last1=Mullin |first1=Benjamin |title=The Messenger, a Media Start-Up, Aims to Build a Newsroom Fast |url=https://www.nytimes.com/2023/03/10/business/media/the-messenger-jimmy-finkelstein.html |website=The New York Times |access-date=May 21, 2023 |date=March 10, 2023 |archive-date=May 8, 2023 |archive-url=https://web.archive.org/web/20230508095627/https://www.nytimes.com/2023/03/10/business/media/the-messenger-jimmy-finkelstein.html |url-status=live }}

Regulatory influence and political views

In 1999, Peterffy was influential in persuading the Securities and Exchange Commission (SEC) that U.S. options markets could be linked electronically, which would ensure that investors receive the best possible options prices. He has also testified before the United States Senate Banking Subcommittee on Securities, Insurance, and Investment about adding banking regulations.

During the 2012 United States presidential campaign, Peterffy created political ads supporting the Republican Party.{{cite web |url=https://www.youtube.com/watch?v=UnX7TNFIELg |title=Thomas Peterffy - Freedom To Succeed |date=October 10, 2012 |publisher=YouTube |accessdate=October 10, 2012 |archive-date=October 11, 2012 |archive-url=https://web.archive.org/web/20121011164517/http://www.youtube.com/watch?v=UnX7TNFIELg |url-status=live }} Peterffy bought millions of dollars of air time on networks such as CNN, CNBC, and Bloomberg. The ads consisted of a minute-long spot narrated by Peterffy, warning against creeping socialism in the United States. The ads were out of the ordinary, because Peterffy was not a candidate and did not buy the ads through a 527 group, but instead paid for them directly.{{cite news |author=Neil Vigdor |url=http://www.ctpost.com/local/article/Greenwich-man-splurging-on-his-own-ads-3944832.php#ixzz29NAvLKWw |title=Greenwich man splurging on his own ads |work=Connecticut Post |accessdate=October 16, 2012 |archive-date=September 26, 2013 |archive-url=https://web.archive.org/web/20130926152228/http://www.ctpost.com/local/article/Greenwich-man-splurging-on-his-own-ads-3944832.php#ixzz29NAvLKWw |url-status=live }}

In the spot, Peterffy said, "America's wealth comes from the efforts of people striving for success. Take away their incentive with badmouthing success and you take away the wealth that helps us take care of the needy. Yes, in socialism the rich will be poorer, but the poor will also be poorer. People will lose interest in really working hard and creating jobs."{{cite web |url=https://www.foxnews.com/politics/hungarian-born-billionaire-makes-anti-socialism-case-in-tv-ad/#ixzz29NCrlkXK |title=Hungarian-born billionaire makes anti-socialism case in TV ad |publisher=Fox News |access-date=October 16, 2012 |archive-date=October 15, 2012 |archive-url=https://web.archive.org/web/20121015030213/http://www.foxnews.com/politics/2012/10/12/hungarian-born-billionaire-makes-anti-socialism-case-in-tv-ad/#ixzz29NCrlkXK |url-status=live }}

Peterffy's ad received mixed responses. Joshua Green, writing for Bloomberg Businessweek, said "The ad, while slightly ridiculous, is deeply sincere and also quite affecting." Green also asked Peterffy whether the comparison between the United States and Hungary made in the ad was a fair one: "[Peterffy] couldn't really think that the U.S. was turning into socialist Hungary, could he? The government isn't suppressing speech and throwing political opponents in jail. No, he conceded, it wasn't. But it sure feels like that's the path we're on."{{cite news|url=http://www.businessweek.com/articles/2012-10-19/the-cheerful-billionaire-who-thinks-obamas-a-socialist |archive-url=https://web.archive.org/web/20121021211229/http://www.businessweek.com/articles/2012-10-19/the-cheerful-billionaire-who-thinks-obamas-a-socialist |url-status=dead |archive-date=October 21, 2012 |title=The Cheerful Billionaire Who Thinks Obama's a Socialist |newspaper=Bloomberg Business Week |date=October 19, 2012 |publisher=BloombergBusinessweek |accessdate=November 4, 2012}} Politico said that it could have been influential in Ohio due to its large Hungarian American population.{{cite web | author = Parti, Tarini | url = http://www.politico.com/news/stories/1112/83243_Page2.html | title = Billionaire Thomas Peterffy's 'socialist' ads raise questions | publisher = Politico | date = November 3, 2012 | accessdate = November 5, 2012 | archive-date = November 5, 2012 | archive-url = https://web.archive.org/web/20121105232848/http://www.politico.com/news/stories/1112/83243_Page2.html | url-status = live }}

Voter registration records in Connecticut show that Peterffy has been registered as an independent voter. He donated over $60,000 to the Republican National Committee in 2011 and $100,000 to a pro-Donald Trump political group during the 2016 United States presidential election.{{cite news|last1=Coffey|first1=Brendan|title=Hillary Clinton Is Outraising Trump 20-to-1 Among Billionaires|url=https://www.bloomberg.com/news/articles/2016-09-26/billionaire-donors-led-by-soros-simons-favor-clinton-over-trump|accessdate=October 10, 2016|work=Bloomberg Business News|date=September 26, 2016|archive-date=October 11, 2016|archive-url=https://web.archive.org/web/20161011185918/http://www.bloomberg.com/news/articles/2016-09-26/billionaire-donors-led-by-soros-simons-favor-clinton-over-trump|url-status=live}}{{cite web |url=https://www.opensecrets.org/donor-lookup/results?name=peterffy&cycle=&state=&zip=&employ=&occupation=&jurisdiction=&cand=trump&type= |title=Donor Lookup |author= |date= |website=OpenSecrets.org |publisher= |access-date=January 25, 2023 |archive-date=January 25, 2023 |archive-url=https://web.archive.org/web/20230125182606/https://www.opensecrets.org/donor-lookup/results?name=peterffy&cycle=&state=&zip=&employ=&occupation=&jurisdiction=&cand=trump&type= |url-status=live }}

= Views on Donald Trump and the Republican Party =

Discussing the 2016 election in 2021, he said "I am actually not a Trump fan at all. I hope he won't run again." Peterffy also then said that the Republican Party is "completely adrift". Peterffy says he did not vote for Trump in the 2016 Republican Party presidential primaries, but supported Trump's bid for the presidency after Trump became the Republican nominee due to Trump's opposition to socialism and collectivism. Peterffy lives near Mar-a-Lago, Trump's Florida estate, and is a member of the Mar-a-Lago Club.{{Cite news |title=Election Denial and $16 Spritzers: Welcome to Florida's Trump Coast |author=Joshua Green |work=Bloomberg Business News |date=June 10, 2021 |access-date=June 13, 2021 |url=https://www.bloomberg.com/news/features/2021-06-10/florida-s-trump-coast-near-mar-a-lago-houses-beating-heart-of-gop |archive-date=June 13, 2021 |archive-url=https://web.archive.org/web/20210613000517/https://www.bloomberg.com/news/features/2021-06-10/florida-s-trump-coast-near-mar-a-lago-houses-beating-heart-of-gop |url-status=live |url-access=subscription}}

Peterffy contributed $250,000 to Donald Trump's 2020 presidential campaign.{{cite web |title=Here Are The Billionaires Who Donated To Donald Trump's 2020 Presidential Campaign |url=https://www.forbes.com/sites/michelatindera/2021/02/19/here-are-the-billionaires-who-donated-to-donald-trumps-2020-presidential-campaign/ |website=Forbes |accessdate=27 March 2024}}

In late 2023, Peterffy, as well as other wealthy Republican donors, distanced themselves from Trump. Peterffy said in December 2023 that, “the street still hopes for somebody else", and expressed hope for a brokered convention.{{Cite web |last=Sutton |first=Sam |date=2023-12-11 |title=Wall Street donors dreamed of a Trump alternative. Now they're waking up. |url=https://www.politico.com/news/2023/12/11/wall-street-never-trump-00131024 |access-date=2023-12-23 |website=Politico |language=en}}{{Cite web |last=Dorn |first=Sara |date=2023-12-11 |title=Billionaire Thomas Peterffy Floats Last-Ditch Fight Against Trump—Third-Party Candidate Or GOP Convention Dispute |url=https://www.forbes.com/sites/saradorn/2023/12/11/billionaire-thomas-peterffy-floats-last-ditch-fight-against-trump-third-party-candidate-or-gop-convention-dispute/ |access-date=2025-01-08 |website=Forbes |language=en |url-access=limited}} Peterffy said at that time that he will not donate to support Trump's campaign.{{Cite news |last=Allison |first=Bill

|date=2023-11-10 |title=Billionaire Home Depot Co-Founder Bernard Marcus Backs Trump |language=en |work=Bloomberg |url=https://www.bloomberg.com/news/articles/2023-11-10/billionaire-home-depot-co-founder-bernard-marcus-backs-trump |access-date=2023-12-23 |url-access=subscription |quote=Other prominent GOP donors have said they wouldn’t donate to Trump, including Steve Schwarzman of Blackstone Group Inc., cosmetics heir Ronald Lauder and Interactive Brokers Group Inc. founder Thomas Peterffy.}} In November 2022, Peterffy had said that Trump, "can't get elected" and that, even if as a citizen he would vote for him as the GOP nominee, that he, "will do whatever I can to make sure he is not."{{Cite news |last=Gordon

|first=Amanda L

|date=2022-11-16 |title=Donald Trump 'Can't Get Elected,' Billionaire Peterffy Says |language=en |work=Bloomberg |url=https://www.bloomberg.com/news/articles/2022-11-16/billionaire-peterffy-adds-trump-caution-he-can-t-get-elected |access-date=2023-12-23 |url-access=subscription}}

However, as events unfolded, and voters across America continued to support Trump, wealthy Republican donors, including Peterffy, who had distanced themselves from him earlier, began to change their minds. For many, even though he was in no way their first choice, they nevertheless saw him as preferable to Democratic leadership.{{Cite magazine |last=Glasser |first=Susan B. |date=2024-10-18 |title=How Republican Billionaires Learned to Love Trump Again |url=https://www.newyorker.com/magazine/2024/10/28/how-republican-billionaires-learned-to-love-trump-again |access-date=2025-01-08 |magazine=The New Yorker |language=en-US |issn=0028-792X }}

Peterffy attended a fundraising dinner for Trump on August 10, 2024, in Aspen, Colorado at the home of John and Amy Phelan, in which attendees donated between $25,000 and $500,000 to Trump's campaign.{{Cite news |last=Smith |first=David |date=2024-10-04 |title=Donald Trump's foul-mouthed migrant rant captured in private pitch to donors |url=https://www.theguardian.com/us-news/2024/oct/04/trump-fundraiser-recording |access-date=2025-01-08 |work=The Guardian |language=en-GB |issn=0261-3077}}{{Cite web |date=2024-10-04 |title=Trump Made Crass Dinner Jokes About Death of Rally Attendee |url=https://www.thedailybeast.com/donald-trump-made-crass-jokes-about-death-of-corey-comparatore-in-leaked-recording/ |access-date=2025-01-08 |website=The Daily Beast |language=en |url-access=subscription}} Federal records show that Peterffy donated $500,000 to the Trump 47 Committee, Inc. on August 5, 2024, and likewise $344,660 to the same committee on August 12, 2024. Prior to that point he hadn't donated at all to Trump's campaign while still donating about $7 million to Republican causes and candidates.{{Cite magazine |last=Glasser |first=Susan B. |date=2024-10-18 |title=How Republican Billionaires Learned to Love Trump Again |url=https://www.newyorker.com/magazine/2024/10/28/how-republican-billionaires-learned-to-love-trump-again |access-date=2025-01-08 |magazine=The New Yorker |language=en-US |issn=0028-792X |quote=Federal campaign-finance records show that, through the summer, Peterffy donated some $7 million to G.O.P. politicians and Party organizations, but he had given nothing publicly to Trump. In August, he donated $844,660 to the Trump 47 joint fund-raising committee, which helps support the ex-President’s campaign.}}{{Cite web |title=Search for contributions for name "Thomas Peterffy" and committee "Trump 47 Committee, Inc." from 2023-01-01 to 2024-12-31 on fec.gov website |url=https://www.fec.gov/data/receipts/individual-contributions/?committee_id=C00867937&contributor_name=Thomas+Peterffy&two_year_transaction_period=2024&min_date=01/01/2023&max_date=12/31/2024 |access-date=2025-01-08 |website=Federal Election Commission |language=en}}{{Cite web |title=Search for contributions for name "Thomas Peterffy" from 2023-01-01 to 2024-12-31 on fec.gov website |url=https://www.fec.gov/data/receipts/individual-contributions/?contributor_name=Thomas+Peterffy&two_year_transaction_period=2024&min_date=01/01/2023&max_date=12/31/2024 |access-date=2025-01-08 |website=Federal Election Commission |language=en}}

On December 11, 2024, in the aftermath of the election, Peterffy sat down for an interview with Bloomberg's Sonali Basak at a Goldman Sachs Group Inc. conference. Basak mentioned at the beginning of the interview that Peterffy had donated to Trump both in 2020 and in 2024, and Peterffy stated that, "having grown up in a socialist country I came to a conviction early on in my life that a free market economy is the only way to efficiently run a society", and, "I've always been a Republican all my life." He said that, "I'm very happy that this is the outcome that we had this election time." However, Peterffy also pointed out that he has donated collectively more to other Republicans than to Trump.{{Cite web |date=2024-12-11 |title=Thomas Peterffy Talks Trump, M&A, Cryptocurrencies - MarketScreener |url=https://www.marketscreener.com/quote/stock/INTERACTIVE-BROKERS-GROUP-50014/news/Thomas-Peterffy-Talks-Trump-M-A-Cryptocurrencies-48573820/ |access-date=2025-01-08 |website=MarketScreener |language=en-US}}{{Cite news |last=Basak |first=Sonali |date=2024-12-11 |title=Thomas Peterffy Talks Trump, M&A, Cryptocurrencies |language=en |work=Bloomberg |url=https://www.bloomberg.com/news/videos/2024-12-11/thomas-peterffy-talks-trump-m-a-cryptocurrencies-video |access-date=2025-01-08 |url-access=subscription}}

Interactive Brokers

{{main|Interactive Brokers}}

Interactive Brokers Group, Inc. (IB) is an online discount brokerage firm in the United States. The company traces its origin to 1977 when Peterffy bought a seat on the American Stock Exchange as an individual market maker and formed T.P. & Co. the following year. IB has many subsidiaries operating on most major stock, futures, bonds, forex, and options exchanges worldwide. The company commenced a public offering on 4 May 2007 under the ticker symbol {{NASDAQ|IBKR}} on the Nasdaq exchange.{{cite news |url=http://www.marketwatch.com/news/story/interactive-brokers-group-ipo-nearing/story.aspx?guid=%7BF7722DD7-ADA2-4004-8071-6D07EC67FA3C%7D |title=Interactive Brokers Group IPO nearing its $500 mln debut |work=MarketWatch |accessdate=October 16, 2012 |archive-date=February 15, 2009 |archive-url=https://web.archive.org/web/20090215054455/http://www.marketwatch.com/news/story/interactive-brokers-group-ipo-nearing/story.aspx?guid=%7BF7722DD7-ADA2-4004-8071-6D07EC67FA3C%7D |url-status=live }} On October 5, 2018, Interactive Brokers moved its listing to IEX, becoming the exchange's founding issuer.{{Cite web|url=https://iextrading.com/listed/ibkr/|title=Listed: IBKR {{!}} IEX|website=iextrading.com|language=en-US|access-date=April 1, 2019|archive-date=April 1, 2019|archive-url=https://web.archive.org/web/20190401182517/https://iextrading.com/listed/ibkr/|url-status=live}} Barron's Magazine stated in 2009 that Interactive Brokers maintains a position as "the least expensive trading venue for investors",{{cite news |first=Theresa W. |last=Carey |title=Margin Expands Regardless of Rate |url=http://online.barrons.com/article/SB125573858162291219.html |work=Barron's |date=October 19, 2009 |access-date=October 10, 2012 |archive-date=July 1, 2012 |archive-url=https://web.archive.org/web/20120701211704/http://online.barrons.com/article/SB125573858162291219.html |url-status=live }} and continued to be ranked by Barron's as the lowest cost broker as well as the Best Online Broker in 2019.{{Cite news|url=https://www.barrons.com/topics/best-online-brokers?mod=article_flashline|title=Best Online Brokers|last=Miller|first=Matt|date=February 25, 2019|work=Barron's|access-date=April 1, 2019|archive-date=April 1, 2019|archive-url=https://web.archive.org/web/20190401182519/https://www.barrons.com/topics/best-online-brokers%3fmod%3darticle_flashline|url-status=live}}

=OneChicago=

{{main|OneChicago}}

OneChicago was an all-electronic exchange owned jointly by IB Exchange Group (IB), Chicago Board Options Exchange (CBOE), and CME Group. It was a privately held company that was regulated by both the Securities and Exchange Commission and the Commodity Futures Trading Commission. The OneChicago corporate headquarters was located in the Chicago Board of Trade Building in Chicago's financial district. OneChicago offered approximately 2,272 single-stock futures (SSF) products{{cite web |url=https://www.onechicago.com/ |title=Product Listings |publisher=OneChicago |access-date=March 15, 2019 |archive-date=October 8, 2018 |archive-url=https://web.archive.org/web/20181008122003/https://www.onechicago.com./ |url-status=live }} with names such as IBM, Apple and Google. All trading was cleared through Options Clearing Corporation (OCC). At the time, OneChicago operated the only U.S. based securities futures marketplace.

Net worth

Peterffy owns 75% of Interactive Brokers{{cite news |last1=Brown |first1=Abram |title=Billionaire Thomas Peterffy Practically Invented Digital Trading. Now He Wants To Be Your Broker |url=https://www.forbes.com/sites/abrambrown/2014/11/05/billionaire-thomas-peterffy-practically-invented-digital-trading-now-he-wants-to-be-your-broker/#53f224415c51 |work=Forbes |date=November 5, 2014 |access-date=January 13, 2020 |archive-date=November 6, 2016 |archive-url=https://web.archive.org/web/20161106233757/http://www.forbes.com/sites/abrambrown/2014/11/05/billionaire-thomas-peterffy-practically-invented-digital-trading-now-he-wants-to-be-your-broker/#53f224415c51 |url-status=live }} with his net worth being estimated at $34.4 billion as of March 2024. He is the 46th richest man and the richest Hungarian in the world.

Personal life

He was married to Dale McDonald, and they had three children together, two daughters and a son, William Peterffy.{{cite news |last1=Massa |first1=Annie |title=A Billionaire's Heir Hangs Up His Healing Crystal to Fix Capitalism |url=https://www.bloomberg.com/news/features/2022-03-02/billionaire-wall-street-heir-william-peterffy-takes-esg-role-to-fix-capitalism |access-date=9 March 2024 |work=Bloomberg LP |date=2 March 2022}} They later divorced.

He is an avid equestrian. He lives in Palm Beach, Florida. In 2020, he sold his 80-acre Connecticut estate for $21 million after originally listing it for $65M in 2015.{{cite news|last=Keil|first=Jennifer|title=Greenwich's largest estate listed for $65M|url=https://nypost.com/2015/07/23/largest-estate-in-greenwich-is-on-the-market-for-65m/|newspaper=The New York Post|accessdate=July 22, 2015|archive-date=July 26, 2015|archive-url=https://web.archive.org/web/20150726090735/http://nypost.com/2015/07/23/largest-estate-in-greenwich-is-on-the-market-for-65m/|url-status=live}}{{cite news|url=https://www.greenwichtime.com/business/article/Greenwich-s-largest-estate-sells-for-21-million-12377521.php|title=Greenwich's largest estate sells for $21 million|newspaper=Greenwich Times|date=November 22, 2017|accessdate=April 30, 2018|archive-date=May 1, 2018|archive-url=https://web.archive.org/web/20180501005044/https://www.greenwichtime.com/business/article/Greenwich-s-largest-estate-sells-for-21-million-12377521.php|url-status=live}}

Award

  • Hungarian Order of Merit (2017){{Cite web|last=Flóra|first=Nagy|date=2021-06-01|title=Orbán Viktor fogadta Péterffy Tamást|url=https://index.hu/belfold/2021/06/01/orban-viktor-peterffy-tamas-miniszterelnok-interactive-brokers-group-timber-hill-varga-mihaly-hanti-tamas/|access-date=June 9, 2021|website=index.hu|language=hu}}

References

{{reflist|refs=

{{cite news |url=https://www.bloomberg.com/news/photo-essays/2010-12-06/twenty-billionaires-who-started-with-nothing |title=Twenty Billionaires Who Started With Nothing - Living the American Dream - Businessweek (#17) |work=Bloomberg Businessweek |date=December 6, 2010 |accessdate=June 16, 2016 |archive-date=June 17, 2016 |archive-url=https://web.archive.org/web/20160617114132/http://www.bloomberg.com/news/photo-essays/2010-12-06/twenty-billionaires-who-started-with-nothing |url-status=live }}

{{cite news |first=Louise |last=Story |title=See! The Street Was Paved With Gold |work=The New York Times |date=November 11, 2005 |url=https://www.nytimes.com/2005/11/11/business/11broker.html |accessdate=June 17, 2016 |archive-date=March 8, 2013 |archive-url=https://web.archive.org/web/20130308123039/http://www.nytimes.com/2005/11/11/business/11broker.html |url-status=live }}

{{cite news|last=McGee|first=Susan|title=A Breed Apart|url=http://www.institutionalinvestor.com/article.aspx?articleID=1025866#.U62QAPnxpSA|accessdate=June 27, 2014|work=Institutional Investor Magazine|issue=November 2005|date=November 10, 2005|publisher=Institutional Investor LLC|archive-date=September 24, 2015|archive-url=https://web.archive.org/web/20150924035644/http://www.institutionalinvestor.com/article.aspx?articleID=1025866#.U62QAPnxpSA|url-status=live}}

{{cite news|last=Bunge|first=Jacob|title=Interactive Brokers Founder, CEO To 'Gradually' Retire|url=https://blogs.wsj.com/deals/2012/04/19/interactive-brokers-founder-ceo-to-gradually-retire/|accessdate=July 2, 2014|newspaper=The Wall Street Journal|date=April 19, 2012|archive-date=December 11, 2014|archive-url=https://web.archive.org/web/20141211063549/http://blogs.wsj.com/deals/2012/04/19/interactive-brokers-founder-ceo-to-gradually-retire/|url-status=live}}

}}

{{Wealthiest people in the United States}}

{{DEFAULTSORT:Peterffy, Thomas}}

Category:Living people

Category:1944 births

Category:American money managers

Category:American financial analysts

Category:Stock and commodity market managers

Category:American philanthropists

Category:American billionaires

Category:Hungarian billionaires

Category:Businesspeople from Greenwich, Connecticut

Category:Hungarian emigrants to the United States

Category:American computer programmers

Category:American chief executives of financial services companies

Category:American financial company founders

Category:American technology company founders

Category:20th-century American businesspeople

Category:21st-century American businesspeople