Early Life and Education

Edward O. Thorp was born on August 14, 1932 in Chicago, Illinois. He showed an early aptitude for mathematics and quickly excelled in his studies. Thorp attended the University of California, Los Angeles where he earned a Bachelor's degree in Physics in 1953. He then went on to pursue a Master's degree in Physics from the University of California, Los Angeles before obtaining his Ph.D. in Mathematics from the University of California, Berkeley in 1958.

Career and Achievements

Thorp is best known for his groundbreaking work in the field of mathematics and probability theory. In 1962, he published his seminal book "Beat the Dealer" which detailed his strategies for winning at blackjack by using card counting techniques. This book revolutionized the gambling industry and made Thorp a household name.

In addition to his work in gambling, Thorp has also made significant contributions to the fields of finance and investing. He is credited with developing the first wearable computer along with Claude Shannon, which they used to successfully beat the game of roulette in Las Vegas casinos.

Thorp has also served as a professor at various prestigious universities including MIT and UC Irvine, where he has taught courses on mathematics, finance, and gambling.

Net Worth

As of 2024, Edward O. Thorp's net worth is estimated to be $800 million. His success in both academia and gambling has allowed him to amass a substantial fortune over the years.

Personal Life

Thorp is married with two children and currently resides in Newport Beach, California. In his free time, he enjoys playing tennis and spending time with his family.

Legacy

Edward O. Thorp's work has had a lasting impact on various fields including mathematics, finance, and gambling. His innovative strategies and groundbreaking research have paved the way for future generations of mathematicians and investors.

Overall, Edward O. Thorp is a true pioneer in his field and continues to inspire others with his intellect and ingenuity.