Andrew Krieger: Biography, Career, and Business Insights

Andrew Krieger’s Profile Summary

Company	Krieger & Associates
Position	Founder
Source of wealth	Earnings from trading at Bankers Trust, profits from his own asset management firm, advisory fees, book royalties from The Money Bazaar
Also known as	Author, Philanthropist, Advisor.
Age	Unknown
Education	Wharton School of the University of Pennsylvania – MBA
Citizenship	United States
Residence	New York City, USA
Family	No publicly available detailed information.
Website, Social Media	https://www.bankerstrust.com/

Biography

Andrew Krieger is a renowned trader best known for his bold currency trades in the 1980s. He began his career after completing an MBA from Wharton, working at Salomon Brothers before joining Bankers Trust in 1986. Krieger gained fame during the Black Monday crash of 1987 when he executed one of the most audacious trades in forex history. He shorted the New Zealand dollar (NZD), believing it to be overvalued, and used substantial leverage to make the trade. The size of his position reportedly exceeded the total money supply of New Zealand, causing the currency to drop by 5% in a short period. This trade earned Bankers Trust $300 million in profit, solidifying Krieger’s reputation as a top currency trader. After leaving Bankers Trust in 1988 due to dissatisfaction with his bonus, Krieger joined George Soros's Quantum Fund before venturing into entrepreneurship to start his own asset management firm. In addition to his trading career, he has advised central banks and large financial institutions on reserve management. Krieger has also engaged in philanthropy, receiving recognition for his efforts in disaster relief and community service

How did Andrew Krieger make money?

Andrew Krieger makes money in the following areas:

Earnings from trading at Bankers Trust, profits from his own asset management firm, advisory fees, book royalties from The Money Bazaar
What is Andrew Krieger net worth?

As of 2026, there is no publicly available and reliable information regarding Andrew Krieger’s net worth.

What is Andrew Krieger also known as?

Andrew Krieger is the author of The Money Bazaar, a well-regarded book on currency trading published in 1992. He is also recognized for his philanthropic work, especially after the 2004 tsunami, for which he received the Friends of India Service Award for his efforts in disaster relief and supporting children's futures in India. Krieger has served as a special advisor to international banks and corporations, offering insights on global financial markets and reserve management strategies for central banks

Prominent achievements

Set a Wall Street profit record in 1987 with a $300 million profit for Bankers Trust, inducted into the Trader Hall of Fame in 2005, author of The Money Bazaar (1992), recognized with multiple service awards, including the Friends of India Service Award

Trading Strategy

Andrew Krieger was known for his aggressive currency trading strategy and sharp macroeconomic insights. He gained fame in 1987 while working at Bankers Trust, where he took a massive short position against the New Zealand dollar (NZD), believing it was overvalued relative to global fundamentals. Using high leverage and deep analysis of economic imbalances, Krieger placed trades far exceeding the size of New Zealand’s money supply—a move that earned tens of millions in profit.

His strategy combined macro trading, currency speculation, and bold use of leverage, often focusing on mismatches between a country’s fundamentals and its currency value. Krieger relied on both technical signals and economic indicators to time his trades, and he was known for taking large, concentrated positions with high conviction. His ability to anticipate market shifts and act decisively made him one of the most formidable currency traders of his time.

What are Andrew Krieger’s key insights?

Andrew Krieger's business philosophy revolves around taking bold and calculated risks, particularly in volatile markets. He is known for identifying market mispricings and acting decisively, often leveraging his understanding of global macroeconomic conditions. His insights emphasize the importance of being fearless in the markets while maintaining a disciplined approach to risk management

Personal life

There is limited public information about Andrew Krieger's family. He maintains a private life, and details about his personal family members are not widely disclosed

Useful insights

Essential books for stock and Forex traders

These essential books provide traders with timeless strategies and practical knowledge to build a strong foundation in stock and Forex markets, and enhance trading success.

Alexander Elder - "Trading for a Living"
- Summary:
  
  Elder’s book is a comprehensive guide that covers the mental, technical, and risk management aspects of trading. It combines psychological discipline, effective trading strategies, and money management techniques to help traders build a sustainable career.
- Why read it:
  
  It is a great starting point for beginners and a valuable resource for experienced traders who want to refine their approach. Elder's focus on the psychology of trading is particularly useful for developing discipline and avoiding common emotional pitfalls.
Jack D. Schwager - "Market Wizards"
- Summary:
  
  In this classic work, Schwager interviews some of the world’s most successful traders, uncovering their strategies, mindsets, and trading philosophies. The book provides a rare glimpse into the minds of top traders across various markets, including stocks, Forex, and futures.
- Why read it:
  
  Learning directly from legendary traders can help you adopt proven strategies and avoid costly mistakes. The interviews offer timeless insights that can benefit both novice and seasoned traders.