Peng Zhao

$1.30 B

Ranked #2133 in World

About Peng Zhao

Peng Zhao, the visionary Chinese-American CEO of Citadel Securities, has a rich background in mathematics and statistics, with academic roots tracing back to Peking University and a PhD from UC Berkeley. Since joining Citadel in 2006, Zhao's career swiftly ascended from quantitative analyst to CEO by 2017. He's known for his philanthropic support to AAPI communities and efforts during the COVID-19 crisis, alongside being a driving force in U.S.-China relations.

Born

January 01, 1971 in Beijing, China

Age

55 years

Source Of Wealth

Online Recruitment

Industries

Service

Citizenship

China

Residence

Beijing

Education

Bachelor of Law, Peking University

Spouse

Cherry Chen

Peng Zhao, a prominent Chinese-American businessman and the current CEO of Citadel Securities, was born in Beijing, China. His early years were marked by exceptional academic talent, which led him to enroll in the prestigious Talented Children Training Program at Beijing No.8 High School from 1993 to 1997.

Peng Zhao: Family

Information about Peng Zhao's family background is not publicly available.

Peng Zhao: Career Highlights

Peng Zhao's career journey began with a summer associate position at Lehman Brothers. He then worked as a quantitative researcher at Evnine & Associates before joining Citadel Securities in 2006, also as a quantitative researcher. His exceptional skills and contributions led to his rapid rise within the company. He became the global head of market making and was eventually promoted to the position of CEO in 2017 at the age of 34, making him one of the youngest CEOs in the financial industry.

Peng Zhao: Companies

Peng Zhao is primarily associated with Citadel Securities, a leading market maker and financial technology company based in Chicago. He has been instrumental in driving the company's growth and success.

Peng Zhao: Major Achievements

Under Peng Zhao's leadership, Citadel Securities has experienced remarkable growth and become a major player in the financial markets. The company is known for its innovative trading strategies and cutting-edge technology, which have contributed to its success.

Peng Zhao: Awards & Achievements

Peng Zhao's accomplishments have been recognized through various awards and accolades. These include being named to the Forbes "30 Under 30" list in 2014 and being recognized as one of the "Most Influential People in Finance" by Bloomberg Markets in 2018.

Peng Zhao: Personal Life & Legacy

Peng Zhao is known for his dedication to philanthropy and community service. He has made significant contributions to various organizations, including the National Committee on U.S. China Relations and The Asian American Foundation (TAAF). He is also actively involved in supporting documentary filmmaking and has co-executive produced the award-winning documentary "Finding Yingying." Additionally, he established the Victor Wong Fellowship to mentor aspiring comedians from the Asian American and Pacific Islander (AAPI) community.

Peng Zhao: Trivia

Peng Zhao is fluent in both Mandarin and English.

He is also an avid fan of basketball and enjoys playing the piano.

Wealth History

Timeline

1993-1997

Attended Talented Children Training Program at Beijing No.8 High School.

2001

Received a bachelor's degree in applied mathematics from Peking University.

2006

Obtained a PhD in statistics from the University of California, Berkeley.

2006

Joined Citadel Securities as a quantitative researcher.

N/A

Became global head of market making at Citadel Securities.

2017

Promoted to CEO of Citadel Securities at the age of 34.

N/A

Became a director of the National Committee on U.S. China Relations.

N/A

Became a founding board member of The Asian American Foundation (TAAF).

N/A

Organized a one million surgical mask donation to Chicago's first responders during the COVID-19 pandemic.

N/A

Supports Kartemquin Films, a non-profit documentary filmmaking organization.

N/A

Co-executive producers of the award-winning documentary Finding Yingying.

N/A

Funds the Victor Wong Fellowship to train and mentor aspiring comedians from the AAPI community.

N/A

Committed $125 million to support AAPI organizations and causes through TAAF.

Peng Zhao : FAQs

What is Peng Zhao's net worth?

As of 2023, Peng Zhao's net worth was $1.30 billion.

What are Peng Zhao's main sources of wealth?

Peng Zhao's main source of income comes from Online Recruitment.

In which industry does Peng Zhao primarily operate?

Peng Zhao is primarily involved in the Service industry.

What is Peng Zhao educational background?

Peng Zhao holds a Bachelor of Law from Peking University.

How old is Peng Zhao?

Peng Zhao is 55 years old.

Who is Peng Zhao and what role does he serve in the business world?

Peng Zhao is a Chinese-American businessman who currently serves as the CEO of Citadel Securities, a leading global market maker.

How did Peng Zhao progress through his career before becoming CEO of Citadel Securities?

Peng Zhao started as a summer associate at Lehman Brothers, then became a quantitative researcher at Evnine & Associates, joined Citadel Securities in 2006 as a quantitative researcher, later became global head of market making, and was promoted to CEO in 2017 at age 34.

What organizations is Peng Zhao affiliated with and in what capacity?

Peng Zhao is a director of the National Committee on U.S. China Relations and a founding board member of The Asian American Foundation (TAAF).

What are some highlights of Peng Zhao's philanthropic efforts?

Peng Zhao's philanthropy includes organizing a one million surgical mask donation to Chicago's first responders during the COVID-19 pandemic, supporting Kartemquin Films, co-executive producing the documentary Finding Yingying, funding the Victor Wong Fellowship, and committing $125 million to support AAPI organizations and causes through TAAF.