Age, Biography and Wiki
Richard Donchian was born on 19 September, 0005 in Connecticut, is a businessman. Discover Richard Donchian's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 88 years old?
Popular As |
N/A |
Occupation |
Commodities and Futures trader |
Age |
88 years old |
Zodiac Sign |
Virgo |
Born |
19 September, 1905 |
Birthday |
19 September |
Birthplace |
Hartford, Connecticut, U.S. |
Date of death |
April 24, 1993, in Fort Lauderdale, Florida |
Died Place |
Fort Lauderdale, Florida, U.S. |
Nationality |
United States |
We recommend you to check the complete list of Famous People born on 19 September.
He is a member of famous businessman with the age 88 years old group.
Richard Donchian Height, Weight & Measurements
At 88 years old, Richard Donchian height not available right now. We will update Richard Donchian's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
Physical Status |
Height |
Not Available |
Weight |
Not Available |
Body Measurements |
Not Available |
Eye Color |
Not Available |
Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
Family |
Parents |
Not Available |
Wife |
Not Available |
Sibling |
Not Available |
Children |
Not Available |
Richard Donchian Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Richard Donchian worth at the age of 88 years old? Richard Donchian’s income source is mostly from being a successful businessman. He is from United States. We have estimated
Richard Donchian's net worth
, money, salary, income, and assets.
Net Worth in 2023 |
$1 Million - $5 Million |
Salary in 2023 |
Under Review |
Net Worth in 2022 |
Pending |
Salary in 2022 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
businessman |
Richard Donchian Social Network
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Timeline
Richard Davoud Donchian (September 1905, in Hartford, Connecticut – April 24, 1993, in Fort Lauderdale, Florida) was an American commodities and futures trader, and a pioneer in the field of managed futures.
Many modern trend following systems, such as the Turtle Trading system, are based on his work. The Richard Davoud Donchian Foundation was established after his death in April 1993; its aim is to make improvements in children's health and to help its ultimate recipients become empowered to strengthen and build up their families and communities — passing onto others that which was given to them.
World War II would take Richard Donchian into the US military and participation in the invasion of Sicily. He was later promoted to Air Force statistical officer. After the war he became a private investment adviser and securities analyst. Richard was self-employed until 1960. In 1948, he changed his focus from securities analysis to active trading and developing his rule-based technical system. He established the trading firm Futures, Inc., which was one of the first publicly held commodity funds.
In 1960, Donchian was appointed Director of Commodity Research with Hayden Stone, where he commenced writing a weekly newsletter, Commodity Trend Timing, based on his 5-20 moving average method. His newsletter was very popular, reaching a weekly circulation of some 10,000 copies during the 19 years he published it. He wrote numerous articles which are considered industry classics, including Trend Following Methods in Commodity Price Analysis. Donchian would remain with Hayden Stone's various successors, including Shearson/American Express, and later joined Shearson Lehman Brothers, eventually becoming Vice President of the firm.
The first publicly managed futures fund, Futures, Inc., was started by Donchian in 1949. He also developed the trend timing method of futures investing and introduced the mutual fund concept to the field of money management.
Donchian began his Wall Street career in the 1930s. He published a very popular stock market service called Security Pilot which he sold to brokerage houses. During the summer of 1933 he became an account executive and securities analyst with Hemphill, Noyes and Co, while still working as the Vice President of the Samuel Rug Company.
During this time, Donchian came across the fictionalized biography of stock market whiz Jesse Livermore, titled Reminiscences of a Stock Operator. After reading this book, Donchian became so fascinated that his interest turned to studying the financial markets. During the market crash of 1929 he lost some money. This experience led him to study technical analysis and become a student of price history alone and for its own sake.
Donchian's parents were Armenian immigrants from Western Armenia, which was occupied by the Ottoman Empire in the 1880s, and had come to settle in the United States. As a young man Donchian went to school in Connecticut, later graduating from Yale University with a Bachelor of Arts degree in Economics. He later received his Master of Business Administration from MIT Sloan School of Management. Donchian's first taste of the job market was as an assistant in his family’s Oriental rug business.