Read the complete write-up of Dan Zanger’s net worth, age, wife, children, height, family, parents as well as other information you need to know.
Biography
Daniel J. Zanger is a technical stock and equities trader. Zanger hit the media spotlight after audited returns showed he turned $10,775 into over $18,000,000 in under 2 years.
| Name | Dan Zanger |
| Net Worth | $50 million |
| Occupation | Stock and Equities trader, Entrepreneur, Author |
| Age | 45-50 |
| Height | 1.83m |
| Wife | N/A |
Zanger grew up in the San Fernando Valley area of Los Angeles. His father was a physician & his mother was a psychologist. He started college but dropped out to snow ski for a few years in Colorado and Idaho. He had a few odd jobs, such as bellhop, cab driver, and prep cook to support himself during his early twenties.
Eventually, he moved back to LA with high school education and no professional trade experience or education. He started working for a landscaping company and eventually got his California contractor’s license. He ventured into a pool building in Beverly Hills as an independent contractor where he made a modest living from then on.
His mother Elaine loved the stock market, and Dan would often watch business channels with her on TV. One day in 1978 Dan saw a stock explode across the ticker tape at the bottom of the screen and hit $1.
He made his first purchase and sold the stock a few weeks later at over $3. From that sale on, he was hooked on the action of the market tape, usually carrying a quote tree device with him on his contracting jobs to stay up on stock prices.
Dan Zanger holds a world record for his trading one-year stock market portfolio appreciation, gaining over 29,000%. In under two years, he turned $10,775 into $18 million. Fortune magazine wrote an extensive article on Zanger, covering his trading results after reviewing his IRS tax returns and trading records.
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As technology and internet stocks took center stage in the stock market in 1997, Dan began to see powerful moves underway. He sold his Porsche for approximately 11,000 dollars to have the necessary capital to jump fully into the market.
Over the next year, he parlayed the 11,000 dollars into 18 million with the knowledge acquired over two decades playing the market and re-reading the works of William O’Neil. With this success, Dan was able to become a full-time trader and leave contracting behind.
In 1996 Dan Zanger produced a faxed newsletter called The Zanger Report which went out each night to several hundred beginning traders. He evolved this faxed letter into a new educational website called chartpattern.com in 1998 where daily stock charts highlight interesting patterns that traders could study and trade. This website now serves thousands of traders around the world providing services to industry market makers, hedge funds, and private traders alike.
Dan Zanger net worth
How much is Dan Zanger worth? Dan Zanger’s net worth is estimated at around $50 million. His main source of income is from his career as an author, entrepreneur, technical stock, and equities trader. Zanger’s successful career has earned him some luxurious lifestyles and some fancy cars trips. He is one of the richest and most influential equities traders in the United States.