Female trader Hetty Green. The stingiest woman in the world
It is quite difficult to imagine a successful investor and trader who would be careless with money.
Indeed, for successful survival on the stock exchange, as well as in the field of investing, it is very important to be scrupulous about waste; moreover, in any investment guide you will definitely find instructions on how to properly save and increase money.
However, sometimes there is simply no limit to human stinginess, despite the fact that there are millions of dollars in bank accounts.
Of course, history knows many examples of millionaires and billionaires living quite modestly and trying not to stand out from other people, but Hetty Green’s greed and stinginess was so great that even a film was made based on her biography.
Actually, in this article you will get acquainted with the biography of one of the most successful female traders in history, who, despite her wealth and success, left only a negative trail in history.
It is also worth noting that my father owned an entire harbor with a dozen ships that were rented out to whale hunters and fishermen.
However, no one would dare call Hetty Green’s childhood a paradise, since her mother was constantly ill, and her father, due to lack of time and bad character, was almost completely absent from raising his daughter.
The only time Hetty spent time with her father was while doing bookkeeping, as she had phenomenal mathematical abilities.
She studied financial reports in such detail that the slightest theft or deviation in business could not go unnoticed by her.
Education Hetty Green
When Hetty Green turned 15, her parents decided to send their daughter to receive a comprehensive education at a Boston private school.
It was there that Greene’s entire character and disposition manifested itself, since she could not find a common language with absolutely anyone, moreover, in order to achieve her goal, she not only got into a verbal altercation, but also allowed herself to raise her hand against other students.
If we talk about studies, then she was given only mathematics and exact sciences, while at the same time other subjects did not suit her well.
Therefore, due to her bad character and terrible performance, Hetty had to leave school and take simple accounting courses, which she easily completed.
First shares. Fight for inheritance
From her youth, Hetty Green led a very frugal lifestyle, dressing modestly and saving every penny.
One day, the father sent his daughter to Boston and gave her exactly one thousand dollars for accommodation and entertainment, as well as for the purchase of dresses. However, a month later, Hetty Green arrived in exactly the same clothes as when she left, but proudly showed off shares worth exactly a thousand dollars.
A huge boost in her financial career occurred after the death of her father. So in his will, the father assigned the entire whaling business to his sons, at the same time he gave a huge sum of money worth several million dollars to his daughter.
Naturally, the sons did not agree with this situation and began to demand money. Hetty Green reacted very sharply, promising to kill them, and to confirm her words, she burned several ships on the embankment.
Hetty Green invested all her inheritance in United States bonds.
Some time later, her aunt dies and in her will leaves her only 65 thousand dollars, although in fact she had a huge fortune. Hetty Green creates a fake will and takes it to court, demanding $2 million.
Instead of receiving the sum, she receives a refusal and, moreover, an accusation of fraud, which forces her to flee with her husband to the UK.
A stunning success. There is no limit to greed
After arriving in London, Hetty Green pulled off an excellent currency operation, namely, she played to reduce the Pound, betting on the Dollar. In the year after the end of the war, the dollar strengthened very much, and Hetty Green earned her first million.
She began to actively invest the money she earned in shares of railway companies, the prices of which were growing by leaps and bounds due to the fact that new roads were being built throughout the country and new small towns were appearing.
However, she managed to achieve her most phenomenal success at the time of a severe crisis and the collapse of prices on the stock exchange in 1907, when Hetty Green became the largest creditor of many stock exchange companies and brokers, and also massively bought up shares and government debts for unqin.
The most interesting thing is that already being a millionaire, Hetty Green was a very stingy and greedy woman.
One day, her son broke his leg and instead of taking him to a paid clinic and paying for the doctor’s services, she pretended to be homeless and took the boy to all the free clinics and demanded that he be treated for free.
Naturally, a woman with an income of millions was sent away and a finger was twisted at her temple, and due to the fact that she gave the boy painkillers for a whole week and he did not receive medical care, his leg had to be amputated.
Hetty Green died during an argument with a maid because she demanded that she take high-fat kefir to the store and buy low-fat cheap kefir, but with the maid’s money. The son quickly squandered half of his mother’s inheritance and drank away on drink.
If you convert her income to modern dollars, she had a net worth of more than $2 billion, but not a penny of this money went to charity, and her entire fortune was wasted by her illiterate son.