Ed Thorp Net Worth (Updated 2025).

Ed Thorp, born in 1932, began his career in the 1960s as a mathematics professor at the University of California, Los Angeles. It was during this time that he developed a keen interest in probability theory and its applications, particularly in the realm of gambling.

Thorp’s fame began to rise when he published his groundbreaking book, “Beat the Dealer,” in 1962. This book introduced the concept of card counting to the world, a strategy that allowed players to gain an advantage over the casino in blackjack. The book became an instant bestseller, catapulting Thorp into the limelight and making him a household name in the gambling community.

Ed Thorp’s Current Net Worth

As of 2025, Ed Thorp’s estimated net worth is $800 million. This figure reflects his successful career in mathematics, finance, and gambling strategies.

Career

Ed Thorp is a renowned mathematician and professor emeritus of mathematics at the University of California, Irvine. He’s best known for his work in probability theory and his innovative approaches to blackjack and other casino games. Thorp’s 1962 book, “Beat the Dealer,” revolutionized the way people understood and played blackjack.

Other Ventures

Thorp’s career extends beyond academia. He’s a successful hedge fund manager and the founder of Princeton-Newport Partners, a quantitative hedge fund. He’s also invested in various startups, including those in the tech and finance sectors.

Assets

Thorp’s assets include a diverse portfolio of investments, real estate, and intellectual property. He owns multiple properties in California and has stakes in several successful businesses. His most valuable asset, however, is his extensive library of mathematical and financial books and research papers.

Annual Income

As a retired professor and successful investor, Thorp’s annual income is substantial but not publicly disclosed. However, given his net worth and the performance of his investments, it’s estimated to be in the tens of millions of dollars annually.

Frequently Asked Questions about  Ed Thorp

Frequently Asked Questions: Ed Thorp Net Worth

1. What is Ed Thorp’s net worth?

Ed Thorp’s net worth is estimated to be around $800 million.

2. How did Ed Thorp make his fortune?

Ed Thorp made his fortune through his successful career as a mathematician, author, and investor. He is best known for his work in developing card counting systems for blackjack and for his innovative investment strategies.

3. What is Ed Thorp’s background?

Ed Thorp was born in 1932 and earned his Ph.D. in mathematics from the University of California, Los Angeles. He taught mathematics at the University of California, Irvine, and the Massachusetts Institute of Technology (MIT).

4. When did Ed Thorp start investing?

Ed Thorp started investing in the 1960s, using his mathematical skills to develop successful investment strategies.

5. What is Ed Thorp’s most famous book?

Ed Thorp’s most famous book is “Beat the Market,” published in 1967. The book introduced the concept of quantitative investing to a wide audience and is considered a classic in the field of finance.

6. What is the Princeton/Newport Partners fund?

The Princeton/Newport Partners fund was a hedge fund managed by Ed Thorp and Claude Shannon in the 1970s. It was one of the first hedge funds to use quantitative strategies and was highly successful.

7. What is Ed Thorp’s approach to investing?

Ed Thorp’s approach to investing is based on quantitative analysis and a long-term perspective. He believes in using mathematical models and historical data to identify undervalued investments.

8. What is the Thorp Index?

The Thorp Index is a stock market timing indicator developed by Ed Thorp. It is based on the ratio of the S&P 500 Index to the yield on the 10-year Treasury note.

9. What is Ed Thorp’s philanthropic work?

Ed Thorp has been involved in various philanthropic activities, including supporting education and scientific research. He has also donated to organizations focused on improving the lives of children.

10. What is Ed Thorp’s current involvement in the investment world?

Ed Thorp is still actively involved in the investment world, providing advice and mentorship to other investors. He continues to write and speak on investment strategies and quantitative analysis.