#2435
Wilbur 'Ed' Bosarge Jr
Overview
- Source of Wealth
- high speed trading
- Industry
- Finance & Investments
- Residence
- Houston, Texas
- Education
- Brown University (Ph.D)Georgia Tech (Bachelor of Arts/Science)
- Marital Status
- Engaged
- Children
- 2
Biography
Math whiz worked for IBM on NASA's Saturn rockets in the 1960s.
Founded pioneering high-speed-trading outfit Quantlab, which at one point moved 3% of volumes on the NYSE.
According to court documents, Quantlab generated more than $2 billion in net profits over the past 15 years. Ed's 72% stake is held via trusts.
Bosarge is the beneficiary of trusts, domiciled in South Dakota, that according to court filings hold assets of more than $1 billion.
A proponent of stem cell therapies, Bosarge sponsored a symposium at the Vatican, after which the church came out in favor of research on adult stem cells.
About
Over Yonder Cay, his 72-acre private island in the Bahamas, runs entirely on renewable energy.