Arpad Busson Net Worth is $1.0 Billion (as of 2020)
“What’s dangerous is the concentration of wealth in the hands of a few individuals” said the person whose fortune currently amounts to $1 billion. Yup, that is exactly how huge Arpad Busson net worth currently is and the quotation above is said to belong to him. But where does this man come from? How did he manage to earn this much money? What is the main source of Arpad Busson net worth? We are going to answer these and some of the other questions you might have about this person in the following paragraphs.
|Net Worth:||$1.0 Billion|
|Age:||58 years old|
|Height:||6 ft 2 in (1.9 m)|
|Date of birth:||Jan 27, 1963|
|Occupation:||Financier, Businessperson, Actor, Philanthropist|
Busson was born in a family of former French Army officer, latter turned financier, and a former English debutant. The couple met in Paris and fell in love straight away. When their son was born, they decided to name him after a Hungarian-born banker Arpad Plesch, a stepfather of Florence Busson. Some sources have suggested that the future billionaire has started demonstrating his business skills really early. The legend goes, he made his first profits selling toothpicks in the neighborhood as a kid. However, Arpad has never confirmed this to be true, so it is quite likely that this is just one of the million gossips that are circulating around this billionaire.
Even if his toothpick selling business was not invented by some journalist, you don’t have to be very smart to understand that this wasn’t the main source of the current Arpad Busson net worth. Just like his father, Arpad ended up working in finances. He entered the world of hedge funds in the mid 1980s and was later employed as a marketing representative for Paul Tudor Jones’s fund, known as Tudor Investments. In the early 1990s the talented man founded the EIM Group, which aimed at providing fund-of-fund management services for the rapidly growing institutional market. Less than a year ago his company was merged with Gottex Fund Management Holdings.
Now probably the greatest thing about this billionaire is that he really seeks to use his fortune for the benefit of the whole society. The millionaire is quoted saying: “With wealth, one is in a position of responsibility. You must try to help others”. To name one of his most notable attempts – Busson is a founding member of the children’s charity Absolute Return for Kids and right until 2009 he served as a chairman of this organization, despite his busy schedule. Arpad also does not show any interest or respect towards the super-wealthy men who do not engage in a charitable work: “The billionaire who sits on his money and doesn’t do anything for the common good – I’m not interested in that person.” We can only be happy that Arpad Busson net worth is being used for good deeds and that he is promoting a more responsible attitude among other wealthy people.