ladbible homepage
ladbible homepage
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Videos
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • SPORTbible
  • Tyla
  • FOODbible
  • UNILAD Tech
World’s best trader explains why he quit his $2m a year job
Home>News>UK News
Published 17:54 30 Apr 2024 GMT+1

World’s best trader explains why he quit his $2m a year job

Gary Stevenson was hailed as the best financial trader in the world before suddenly quitting it for good

Tom Earnshaw

Tom Earnshaw

google discoverFollow us on Google Discover

A British businessman has spoken about his sudden decision to quit financial trading, despite being the best in the world at it following a bet that won his company $35 million (£27.9 million).

Despite making millions, both personally and for global financial services company Citibank, Gary Stevenson turned his back on trading.

Making his first million at the age of just 24, Stevenson had joined Citibank in 2008 after graduating the London School of Economics (LSE) with a degree in economics and mathematics.

Advert

He made his first seven figure sum predicting the outcome of the 2011 Greek financial crisis before turning his attention to a similar situation in 2012.

It was a decision that earned Citybank a staggering $35m, with Stevenson successfully predicting how the global financial crisis would play out.

But he threw in the towel just two years later.

"I got called into a meeting with my boss. The thing is this, I hated that boss. I really hated him, but I had to laugh at his jokes for six months," Stevenson said on LADbible TV's latest episode of Minutes With.

"And then suddenly I get this bonus, and I don't have to laugh at the guy's jokes no more."

Gary Stevenson (LADbible TV)
Gary Stevenson (LADbible TV)

"And I was just ripping the p**s out of this guy every day. And we start to argue a lot. And he called me into his office, and he was shouting at me, screaming at me.

"And then I just thought - 'What the f**k am I doing? What am I f**king doing?'. And I just looked up to my boss and said - 'I need to quit'.

"And my boss was like [shell shocked] - because at that time I was Citibank's top trader in the world. And then senior management went mental, and eventually they decided - 'Okay, don't quit. We're gonna move you to Tokyo'.

"And I thought at the time that was a bad idea, but I thought, I said to him - 'I don't think that's a good idea'. And he said to me - 'You don't understand, you have to go'.

Gary Stevenson quit financial trading out of the blue (LADbible TV)
Gary Stevenson quit financial trading out of the blue (LADbible TV)

"And I was like - 'Well, if you're gonna be a d**k about it, then I'll go and take another f**king bonus then'. Which I did.

"And I moved to Tokyo. And that begins the final fight, you could say, between me and Citibank, me leaving the bank. I went through a difficult couple of years leaving. It wasn't easy to leave.

"But it was nice that that happened in Tokyo. I basically had two years of, like, cycling around Tokyo, eating ramen in little, like, corner ramen bars, thinking about what it means to be walking away from a $2-million-a-year job.

"It was weird, you know, but I decided I wanted to do something about society collapsing."

Since quitting financial services, Stevenson has spent his days campaigning against financial inequality and the poorer man and woman suffering the most during economic downturns that aren't their fault.

"People don’t realise how rich the rich are, and that the rich don’t pay much tax," he said.

Featured Image Credit: LADbible TV / Getty Stock Images

Topics: Business, Money, UK News, World News, US News, Originals

Tom Earnshaw
Tom Earnshaw

Tom joined LADbible Group in 2024, currently working as SEO Lead across all brands including LADbible, UNILAD, SPORTbible, Tyla, UNILAD Tech, and GAMINGbible. He moved to the company from Reach plc where he enjoyed spells as a content editor and senior reporter for one of the country's most-read local news brands, LancsLive. When he's not in work, Tom spends his adult life as a suffering Manchester United supporter after a childhood filled with trebles and Premier League titles. You can't have it all forever, I suppose.

X

@TREarnshaw

Recommended reads

Prison officer who had sex with inmate hits back at his version of what actually happenedLinda De Sousa AbreuChris Watts ‘has twisted regret’ after killing wife and two kidsInstagram/Shanann WattsFive deaths in UK linked to tragic ‘suicide kits’ being sent to people's doorsFacebookDominic Russo's sister calls for law preventing Mackenzie Shirilla becoming 'the next Gypsy Rose Blanchard'Instagram/Mackenzie Shirilla

Advert

Choose your content:

18 mins ago
an hour ago
2 hours ago
  • Linda De Sousa Abreu
    18 mins ago

    Prison officer who had sex with inmate hits back at his version of what actually happened

    She said she was 'very embarrassed' by what had happened and claimed the prison was understaffed

    News
  • Instagram/Shanann Watts
    an hour ago

    Chris Watts ‘has twisted regret’ after killing wife and two kids

    His wife Shanann was 15 weeks pregnant when he horrifically murdered her, while their daughters were just three and four

    News
  • Facebook
    an hour ago

    Five deaths in UK linked to tragic ‘suicide kits’ being sent to people's doors

    At least five people have died after looking for a lethal substance online before taking their own life

    News
  • (Instagram/miamalkova)
    2 hours ago

    Mia Malkova's relationship with mum changed forever when she became an extra on daughter's first shoot

    Mia Malkova was just 19 when she started making porn

    News
  • Man in £80,000 of debt after harrowing cocaine addiction explains what finally made him quit
  • ‘World’s best boss’ gives out $240 million worth of bonuses to staff
  • Alex Batty explains why his mum and grandfather kidnapped him
  • WeBuyAnyCar responds after man took his £52,000 Tesla to see how much they would offer for it