Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# Vincent Viola

Random fact: Virtu made cash distributions of $709 million from 2012 to 2014.

Overview

Viola is founder and chairman of Virtu Financial, a high-frequency trading firm that only lost money on one trading day between 2009 and 2015. The New York-based company operates in more than 235 markets and other venues in 36 countries, and had revenue of $865 million in 2017. He also owns a stake in the Florida Panthers.

As of May 26, 2018:
Last change ()
YTD change ()
Industry Finance
Biggest asset N/A
Citizenship United States
Age 61
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Vincent Viola's net worth of can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Biography

Birthdate: 1956
Family: Married, 3 children
Education: 1983, New York Law School, JD 1977, Dod Doa United States Military Academy, Graduated

The son of a truck driver, Vincent Viola grew up in Brooklyn, New York. He attended the military academy at West Point where he served as an infantry officer in the 101st Airborne Division before becoming a major and graduating in 1977. He also is a graduate of New York Law School.

Viola started his career in the financial industry as a floor trader in the New York Mercantile Exchange, becoming its vice chairman in 1993 and chairman eight years later. He created his own firm, Virtu Financial, which has been the world's leader in electronic market making since its creation in 2002.

It postponed a planned 2014 initial public offering after market turbulences and the publication of Michael Lewis's "Flash Boys." The book argued that markets are at the advantage of high-frequency traders such as Viola, because they have a faster access to data and information.

After the terrorist attacks of Sept. 11, 2001, Viola helped fund the Combating Terrorism Center at West Point. He became the majority owner of the Florida Panthers hockey team in September 2013. He has three sons with his wife, Teresa.

Virtu began trading on the NASDAQ in New York on April 15, 2015.

Milestones
  • 1977 Graduates from the military academy at West Point.
  • 1993 Becomes vice chairman of the New York Mercantile Exchange.
  • 2001 Becomes chairman of the New York Mercantile Exchange.
  • 2011 Virtu buys Madison Tyler, another company he founded.
  • 2013 Acquires the Florida Panthers hockey team.
  • 2014 Postpones Virtu initial public offering after the publication of "Flash Boys."
  • 2015 Virtu begins trading on the NASDAQ in New York.
  • 2017 Withdraws nomination to be Secretary of the Army.