Edward Thorp Net Worth, spouse, young children, awards, movies

$800,000,000

Edward Thorp, a famous American mathematics professor, author, hedge fund manager, and blackjack player, boasts an impressive net worth of $800 million. Known as the “father of the wearable computer,” Thorp revolutionized the world of blackjack by mathematically proving that counting cards could help overcome the house advantage and increase winnings.

Key facts:

Edward Thorp is the 'father of the wearable computer' and invented the world's first wearable computer in 1961.

He is a pioneer in modern applications of probability theory and developed effective hedge fund techniques in the financial markets.

Thorp authored the book "Beat the Dealer" in 1962, which was the first book to mathematically prove that the house advantage in blackjack could be overcome by counting cards.

He received his Ph.D. in mathematics from the University of California, Los Angeles and worked at the Massachusetts Institute of Technology before becoming a professor of mathematics at New Mexico State University and later at the University of California, Irvine.

Thorp transitioned to Wall Street after his success in casino games and used his mathematical genius to foresee price anomalies and develop methods of earning money on stock, which he detailed in the book "Beat the Market" in 1967.

Basic Information About Edward Thorp

Category	Business › Wall Street
Professions	Mathematician, Scientist, Author, Gambler, Teacher
Net worth	$800,000,000
Date of birth	1932-08-14 (93 years old)
Place of birth	Chicago
Nationality	United States of America
Gender	Male
Social Media	↗︎ Wikipedia