Tom Sosnoff, the co-founder of Thinkorswim and Tastytrade, has an estimated net worth of over $100 million. He made his fortune primarily through the development of financial trading platforms and his entrepreneurial ventures in the finance industry. Sosnoff’s innovative approach to trading has revolutionized the retail investor landscape. His success also stems from his role as a trader, financial educator, and media personality.
Quick Intro of Tom Sosnoff
| Attribute | Details |
| Full Name | Tom Sosnoff |
| Nick Name | Tom |
| Date of Birth | March 6, 1957 |
| Age | 67 Years |
| Nationality | American |
| Profession | Entrepreneur, Trader, CEO, Public Speaker |
| Business Ventures | thinkorswim, tastytrade, dough, tastyworks |
| Company | tastytrade |
| Role in Startups | Founder & CEO |
| Public Speaking | Regular speaker on finance, investing, and trading platforms |
Who is Tom Sosnoff?
Tom Sosnoff is a prominent entrepreneur, financial expert, and co-founder of the online brokerage platform thinkorswim, which was later acquired by TD Ameritrade. He is also the founder of tastytrade, a financial network offering educational content about options trading. Sosnoff is well-known for simplifying complex financial strategies and making trading more accessible to retail investors.
Source of Income for Tom Sosnoff
- Tastytrade
- Thinkorswim
- Public Speaking and Content Creation
- Technology Development
Tastytrade
Tom Sosnoff co-founded Tastytrade in 2011, a financial media network focused on options trading education and investment strategies. The platform generates revenue from various streams, including advertising, premium content subscriptions, and educational services for investors. In 2021, Tastytrade was acquired by IG Group for $1 billion, further boosting his wealth.
Thinkorswim
Before Tastytrade, Sosnoff co-founded Thinkorswim, a widely-used options trading platform, in 1999. Thinkorswim became one of the leading platforms for active traders and was acquired by TD Ameritrade in 2009 for $606 million, providing Sosnoff with a significant financial gain from the sale.
Investments
Sosnoff is an active investor and venture capitalist. He has invested in startups and new ventures related to fintech and the trading space, adding another layer of revenue through his capital growth and equity stakes.
Public Speaking and Content Creation
As a highly regarded figure in the world of options trading and fintech, Sosnoff is often sought after for speaking engagements, seminars, and educational content. These events, as well as his appearances on financial shows and podcasts, contribute to his income.
Technology Development
Sosnoff continues to invest in technology and financial tools that empower traders. His role in creating innovative trading platforms and educational content helps him earn income through partnerships and tech-based ventures.
Tom Sosnoff Net Worth (Last 8 years Growth)
| Year | Revenue (Net Worth) |
| 2024 | $100 million |
| 2023 | $87 million |
| 2022 | $75 million |
| 2021 | $64 million |
| 2020 | $50 million |
| 2019 | $45 million |
| 2018 | $32 million |
| 2017 | $15 million |
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Where Did Tom Sosnoff Spend His Earnings?
Tom Sosnoff spends her money in several notable ways:
Investments in Startups
Sosnoff has funneled much of his wealth into expanding his financial technology ventures. After selling Thinkorswim to TD Ameritrade for $606 million in 2009, he launched Tastytrade, a financial network focused on educating retail investors. This company was later sold to IG Group in 2021 for $1 billion. Sosnoff continues to invest in innovative financial technology startups and projects aimed at democratizing financial markets.
Personal Investments
As a seasoned trader, it’s likely that Sosnoff continues to actively invest in stocks, options, and other securities. He promotes active trading and risk-taking, which aligns with his focus on making individual investors more financially savvy.
Real Estate
While Sosnoff’s real estate holdings are not widely publicized, it is common for entrepreneurs of his stature to invest in prime real estate properties. These investments could range from luxury homes to commercial properties.
Philanthropy
Sosnoff is also known for giving back to the community. Through his Tastytrade platform, he educates millions of retail investors on complex financial strategies. His focus on financial literacy could be seen as a form of philanthropy, offering valuable education for free or at low cost.
Lifestyle
Sosnoff leads a relatively modest and private lifestyle compared to many other high-profile entrepreneurs. His passion seems to lie more in building businesses and empowering individual investors rather than flaunting wealth.
Timeline of Tom Sosnoff Career Highlights
Here is the timeline of Tom Sosnoff career growth:
1980s: Beginnings in Finance
- 1980: After graduating from the State University of New York at Albany, Tom Sosnoff began his career on the floor of the Chicago Board Options Exchange (CBOE). This experience laid the foundation for his deep understanding of options trading.
- Late 1980s: Sosnoff spent several years trading on the floor and became highly proficient in options strategies, gaining recognition for his knowledge and success in the financial world.
1990s: Building a Career in Trading
- 1990s: During this period, Sosnoff continued to trade on the CBOE and became more deeply involved in the options trading community. He developed a reputation as a sharp trader with innovative strategies.
- He was also one of the pioneers advocating for better tools and platforms for retail traders, identifying a gap in accessible, educational resources for options trading.
1999: Founding of thinkorswim
- 1999: Sosnoff co-founded thinkorswim, an innovative online brokerage that revolutionized options trading for retail investors. It provided a sophisticated trading platform with advanced analytics, charting, and execution tools. The platform also offered educational content, which set it apart from other brokerage services at the time.
2000s: Growth and Success
- 2005: thinkorswim quickly gained traction and became one of the most popular trading platforms for retail traders. The company’s focus on options trading and education helped it stand out in a competitive market.
- 2009: thinkorswim was acquired by TD Ameritrade for $606 million, marking a major milestone in Sosnoff’s career. Following the acquisition, Sosnoff continued to work at TD Ameritrade, contributing to the platform’s development.
2011: Founding of tastytrade
- 2011: Sosnoff co-founded tastytrade, an online financial network designed to educate retail investors about options and derivatives. The platform provided live market shows, educational content, and trading insights in a digestible, entertaining format.
- tastytrade combined Sosnoff’s passions for finance and education, helping new and experienced traders understand complex financial instruments, particularly options.
2017: tastyworks Launch
- 2017: Sosnoff and his team launched tastyworks, a brokerage platform developed as an extension of tastytrade. It was designed to offer low-cost, high-efficiency trading tools, making it easier for retail traders to trade options, futures, and stocks. The platform became popular for its simplicity, competitive pricing, and integration with tastytrade’s educational content.
2021: tastytrade Acquisition
- 2021: In a major development, IG Group, a global trading company, acquired tastytrade for $1 billion. This acquisition marked another significant milestone in Sosnoff’s entrepreneurial career, as tastytrade continued to grow its influence in the retail trading space.
- Despite the acquisition, Sosnoff and his team remained heavily involved in the day-to-day operations and development of tastytrade and tastyworks, continuing their mission to educate retail investors.
2022-2024: Ongoing Ventures
- 2022-2024: Sosnoff continues to be a thought leader in the financial world. He remains active in tastytrade, regularly appearing on its shows and providing commentary on market trends, options strategies, and financial education. He also works on developing new tools and platforms for retail traders.
- He is recognized as one of the key figures who made options trading more accessible to everyday investors, with a career that blends education, innovation, and entrepreneurship.
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Tom Sosnoff Social Media Accounts
| Accounts | Followers | Links |
| 70k | https://twitter.com/tastytrader | |
| 110k | https://www.facebook.com/tastytrade | |
| YouTube | 130k | https://www.youtube.com/c/tastytrade1 |
Final Words:
Tom Sosnoff’s net worth is a reflection of his entrepreneurial spirit, commitment to financial education, and ability to innovate within the trading industry. With a net worth estimated at $100 million, Sosnoff continues to be a major influence in the world of finance. From his early days as a trader to the creation of thinkorswim and Tastytrade, his legacy is one of empowering retail traders and democratizing access to financial markets.