Partly as a result of an incredible $7bn revenue year in 2021, and also because of the investment made by Sequoia and Paradigm which valued the firm at $22bn, CEO Peng Zhao has decided that "staying under the radar is no longer an option". It's valued using the average enterprise value-to-sales multiple of publicly-traded peers Coinbase Global Inc, Galaxy Digital Holdings Ltd and Riot Platforms Inc. Hazel Watts, a spokesperson for Binance, said in January 2022 that valuation estimates for Binance were "incorrect and far off" without providing further details. Save this article. (Horse and Hound), Combining a couple of recent themes bankers leaving Hong Kong and European banks staffing up Apoorva Shah, the former head of Asian M&A for Nomura, is joining BNP Paribas in London. But the firm is likely to have a significant effect just by trying as electronic trading pushes into new markets, it tends to destroy pricing and profitability, which is one of the reasons why investment banks have become significantly more dependent on block trading revenue. Matt works closely with CEO Peng Zhao on firm-wide strategy and management and oversees leaders responsible for Citadel Securities' day-to-day operations. Assumed the CEO position in 2016 at age of 34. It began to serve as a designated market maker for IPOs a few years ago; last year, Spotify picked Zhaos firm to oversee the music streaming services first-of-its-kind direct listing on the NYSE, bypassing traditional IPO underwriters. Other prominent moves, like Bridgewaters hiring of former Apple exec Jon Rubinstein as co-CEO and former Microsoft exec Craig Mundie as co-executive chairman, did not last long. It's value is based on the fundraising round and adjusted according to the NYSE FactSet Global Blockchain Technologies Index. Zhao Peng has been serving as Finance Director, Vice President and Executive Director in China Life Insurance Company Limited since March 4, 2020. Citadel Securities has decided to be a little bit less secretive and tell its own story, albeit in a somewhat guarded way. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Although Peng Zhao doesnt really give away much in terms of Citadel Securities current plans, priorities or internal culture, he makes up for it with Ken stories. Were proud that our CEO Peng Zhao was highlighted as one of Fortune Magazines 40 Under 40, an annual list of the most influential young people in business. Peng, who started at Citadel Securities as a Senior Quantitative Researcher in 2006, has built our firm into an innovative quantitative trading firm and market maker that pairs cutting-edge analytics with innovative engineering techniques to improve markets across the globe. (, This week is the Cheltenham Festival, so we congratulate, Combining a couple of recent themes bankers leaving Hong Kong and European banks staffing up Apoorva Shah, the former head of Asian M&A for Nomura, is joining BNP Paribas in London. Also learn how He earned most of networth at the age of 37 years old? Peng Zhao (Chinese: ; pinyin: Zho Png) is a Chinese-American businessman who is the CEO of Citadel Securities. [7], Peng Zhao joined Citadel Securities in 2006 as a quantitative researcher. He is also Chief Financial Officer in China Life Insurance (Group) Company. Peng earned his PhD in statistics from the University of California, Berkeley, where he was a Berkeley Fellow. Partly as a result of an incredible $7bn revenue year in 2021, and also because of the investment made by Sequoia and Paradigm which valued the firm at $22bn, CEO Peng Zhao has decided that staying under the radar is no longer an option. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, What attracts top talent to Citadel Securities? The Womens Tennis Association will continue not to play in China during 2022 until the Peng Shuai situation is resolved. Changpeng Zhao wrote on Twitter that the decision to offload $580 million worth of FTT tokens was due to recent revelations that have come to light.". Stakes in publicly traded companies are valued using the share's most recent closing price. Valuations are As a result, he has risen to become one of the world's wealthiest people. Cryptocurrency held directly by the billionaire isn't included because the amount is unknown. Citadel LLC comprises of Citadel Securities and its hedge fund Citadel, which had $32 billion in assets under management last year. On the Bloomberg Billionaires Index, Zhao, known as "CZ" in . On March 3, 2023, the media reported on suspected poison attacks affecting hundreds of girls at schools across several cities in Iran. Under Zhao, Citadel Securities has not only widened its lead as the top market maker in U.S. stocksthanks in part to the petabytes of data the firm collects to inform its tradingbut also expanded into the hot arena of initial public offerings. Peng Zhao was born in Beijing, China. [8], In July 2016, Citadel Securities announced that then Microsoft COO, B. Kevin Turner, was joining the firm as CEO. Peng Zhaos income source is mostly from being a successful Businessman. Stuart Feldman has played a prominent role in the evolution of the computer industry. Peng Zhao is Co-Head of Quantitative Strategies for Citadel. Peng Zhao Net Worth His net worth has been growing significantly in 2021-2022. He wrote Make, a key software. Halfway down the article, a spokesperson is quoted denying that the company revels in hiring talent from Goldman Sachs or anywhere else, immediately followed by an external industry analyst saying they have won so profoundly. Peng Zhao (simplified Chinese: ; pinyin: Zho Png) is a Chinese-American businessman who is the CEO of Citadel Securities. He became the firms Chief Executive Officer in 2017. According to the latest Twitter stat on 2023-02-28, Peng Zhao has a total favourites count of 27 on the Twitter account and Peng Zhao has 74 followers on the same Twitter account. peng zhao citadel net worthokinawan sweet potato tempura recipe. Zhao, who was born in China and raised in Canada, founded the company in 2017. According to our Database, He has no children. [8] In July 2016, Citadel Securities announced that then Microsoft COO, B. Kevin Turner, was joining the firm as CEO. [9] Feldmans next stop, however, is Wall Street. The company offers markets in more than 600 cryptocurrencies and has said it has over 120 million users. Many people ask this question about the money Peng Zhao makes from Facebook. We don't have much information about He's past relationship and any previous engaged. Nowadays, people have started supporting his work and Peng Zhao Net Worth | Age, Height, Weight, Dating And More Read More In total, Citadel Securities has grown to about 700 employees from 400 employees since Peng Zhao became CEO in 2017. The oldest executive at China Life Insurance Co is Oi-sie ElsieLeung, 81, who is the Independent Director. (Bloomberg). The Citadel founder worth $29.6 billion has ditched Chicago for Wall Street South. He is not dating anyone. Break Through Tech Announces $26 Million Investment to Increase the Number of Women in Artificial Intelligence. ), 2023 eFinancialCareers - All rights reserved, Citadel Securities has decided to be a little bit less secretive and , And he is pretty intense. Not everyone in Miami is so welcoming. Peng Zhao was a summer associate at Lehman Brothers and served as a quantitative researcher at Evnine & Associates prior to joining Citadel. All Rights Reserved. So, how much is Peng Zhao worth at the age of 39 years old? Prior to joining the firm, he was a Summer Associate with Lehman Brothers and served as a Quantitative Researcher for Evnine Two years after being hired aged 23 to the quant team as a child maths prodigy with a statistics PhD, Zhao got a call to come and help build mortgage models. In a few years, she's become both a critical contributor and mentor, innovating and building the business while helping new colleagues apply their academic skills. CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. As it battles with billionaire Vincent Violas Virtu Financial, Citadel Securities and other market-making firms are loading up on tech talent like never before. (Literary Hub), This week is the Cheltenham Festival, so we congratulate Christopher Furness, who does private placements in the City of London all week, then returns to Yorkshire and changes his name to Christy to race horses. The suspected poison attacks are said to have been lasting at least three months and are ongoing. Zhao, who became a U.S. citizen in 2016, has since turned Citadel Securities into the go-to firm for the pioneering practice: It managed Slacks highly anticipated direct listing in June, after serving in the same role for Ubers traditional IPO this spring. Have a confidential story, tip, or comment youd like to share? We will update Peng Zhao's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. 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Discover today's celebrity birthdays and explore famous people who share your birthday. The family moved to Canada in the late 1980s after his father got a job at the University of British Columbia. Morants agent denied previous allegations he hit and flashed his gun at a teenager suggesting they were made to tarnish his reputation. So, how much is Peng Zhao worth at the age of 38 years old? The real message of the interview, though, is that Ken Griffin is now looking over the whole of Wall Streets office, in a metaphorical sense. Whats going on here? Peng Zhao is CEO of Citadel Securities, a leading global market maker active in all major asset classes. How is Citadel Securities improving the global fixed income market? He obtained a Bachelor's degree in Economics from Hunan College of Finance and Economics in July 1995, a Master's degree in Economics from Central University of Finance and Economics in June 2002, and a Master of Business Administration from Tsinghua University in January 2007. He wasnt impressed, and so is in a position to issue one of bankings most emphatic I-told-you-sos. All rights reserved. (Financial News), Lauren Callaghan runs Spencer Stuarts specialist ESG recruitment practice. Peng Zhao was born on 1983 in Beijing, China, is a Businessman. See Peng Zhao's compensation, career history, education, & memberships. And he is pretty intense. His achievement has been a result of the rise of hard work. Its worth keeping an eye on what Ken Griffin is up to if you plan to have a long career. Learn How rich is He in this year and how He spends money? On this Wikipedia the language links are at the top of the page across from the article title. Since becoming CEO in 2017, he . He went on to become vice president of engineering at Google. After completing a doctorate in statistics from UCBerkeley, Zhao ascended from quant research to overseeing the core market-making business for Citadel Securities, the computerized trading firm founded by Griffin (but run separately from his $30 billion Citadel hedge fund). Hes having his best season yet as a jockey, and possibly also in private placements. FORTUNE may receive compensation for some links to products and services on this website. Thats what makes it so hard to be sure whos in the right in the case of former Credit Agricole gold trader, Bank of Americas China country executive, Wang Wei, has set aggressive targets for sustainability-linked bond issuance, aiming to double their underwriting to $50bn of deals over the next two or three years. He also owns Binance.US, a related US exchange, that was valued at $4.7 billion in a March 2022 fundraising round. Contact:sbutcher@efinancialcareers.comin the first instance. (, Lauren Callaghan runs Spencer Stuarts specialist, The Goldman 1MDB trial continues to deliver Tim Leissner is taking a break from entertaining us with stories of ten years ago in Asia, but Stephen Flaherty has stepped up. Its not easy for Wall Street firms to convince Silicon Valley types to head into finance. The FTX founder would also be prohibited from using his parents devices. Posted by ; dollar general supplier application; As the Finance Director, Vice President, and Executive Director of China Life Insurance Co, the total compensation of Peng Zhao at China Life Insurance Co is $1,113,600. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. vice chair chief scientist Citadel . In 2006, he obtained his PhD degree in statistics from University of California, Berkeley. In July 2016, Citadel Securities announced that then Microsoft COO, B. Kevin Turner, was joining the firm as CEO. Peng Zhao Social Network Timeline 2019 Each net worth figure is updated every business day after the close of trading in New York. Reflects change since 5 pm ET of prior trading day. [2], Zhao was a student of the Talented Children Training Program at Beijing No.8 High School from 1993 to 1997, and attended Peking University and earned a bachelor's degree in applied mathematics in 2001. Pengs rapid ascent reflects the culture of meritocracy he continues to foster at the firm. We recommend you to check the complete list of Famous People born on . He joined in 2006, and led the build-out of Citadel Securities. If you get the chance to put a headline like that in front of a boss as intense as Ken Griffin, you take it. Five months after joining, Kevin Turner left Citadel Securities, and on January 27, 2017, at age 34, Peng Zhao was promoted to CEO. Please only use it for a guidance and Peng Zhao's actual income may vary a lot from the dollar amount shown above. There are 4 executives at China Life Insurance Co getting paid more, with MingguangLi having the highest compensation of $2,354,900. Peng oversees all market making activities, including trading, sales, research and technology. He's calculated to own an 86% stake in the firm based on the firm's fundraising history. He received his bachelors degree in applied mathematics from Peking University. The company ended 2020 with net trading revenues of more than $6.7bn, according to people familiar . Zhao Peng has been serving as Finance Director, Vice President and Executive Director in China Life Insurance Company Limited since March 4, 2020. He has been hired by Citadel Securities, the high-speed electronic trading firm owned by billionaire Ken Griffin, as a senior advisor. Moves to Shanghai to join Fusion Systems. ", "How the 40 Under 40 Get Stuff Done: Their Favorite Productivity Hacks", "Peng Zhao replaces Kevin Turner atop Citadel Securities", "Ken Griffin's $125 Million Gift Gets His Name on Chicago Museum", "For its next CEO, Citadel Securities turns to a veteran", "Exclusive: Citadel Securities ups ETF game as part of growth push", "Wal-Mart to Wall Street Dream Dies as Citadel Securities CEO Out", "Chinese Americans in Chicago donate 1 million surgical masks to city's first-responders", "Kartemquin Films Announces the Peng Zhao and Cherry Chen Fund for AAPI Voices", "Finding Yingying' Review: Heartfelt Documentary Probes a Chinese Student's Horrific Disappearance", "The Second City Launches Victor Wong Fellowship for AAPI Voices in Comedy", "Second City to Offer an Asian American Pacific Islander Fellowship in Improv Comedy", https://en.wikipedia.org/w/index.php?title=Peng_Zhao&oldid=1139585969, UC Berkeley College of Letters and Science alumni, Articles containing simplified Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 15 February 2023, at 21:49. And right after Citadel reached settlement with Chinese communist government. "Andrea Orcel is an excellent banker but his pay rise is extreme". An interest in cryptocurrency began in 2013 following a discussion at a poker game. Peng Zhao's income source is mostly from being a successful Businessman. At Citadel Securities, she applies theory to the markets. Zhao proved so good at growing its products and revenue that when the firm decided it needed a new CEO in 2017, he was the obvious choice. [5][6] In 2006, he obtained his PhD degree in statistics from University of California, Berkeley. Citadel Securities CEO Peng Zhao (left) and Ken. 2023 Forbes Media LLC. All Rights Reserved. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. In the near term, theyre planning on hiring four more ESG specialists for the capital markets team, which would also be a doubling in size. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. In addition to his role as CEO of Citadel LLC, Griffin also heads Citadel Securities, the market maker of Citadel Securities, worth $43 billion. our complete methodology , Design & development: How Ken Griffin rode 2020's crosscurrents to propel his net worth to $20B . After completing a doctorate in statistics from UCBerkeley, Zhao ascended from quant research to overseeing the core market-making business for Citadel Securities, the computerized trading firm founded by Griffin (but run separately from his $30 billion Citadel hedge fund). 1983PhDCitadelSecuritiesCEObamboo ceiling. Nevertheless, Wall Street trading firms are increasingly able to entice technologists from non-financial firms with competitive pay packages and the promise of doing work that will be recognized. Matt has driven the firm's expansion into new products, markets and regions, overseeing the launches of new businesses around the globe. We have estimated Peng Zhao's net worth , money, salary, income, and assets. Many people ask about the amount of money Peng Zhao makes from Instagram. All rights reserved. According to The New York Times, it was the single largest philanthropic gift devoted to Asian Americans.[16]. [7] Peng Zhao joined Citadel Securities in 2006 as a quantitative researcher. He previously served as Head of Global Market Making, where he oversaw Citadel Securities' global. Christopher Cannon, Dean Halford, Brittany Harris and Julian Burgess, of the total wealth of the 500 richest people in the world, of the top 200 U.S. executives total awarded compensation. Peng Zhao Social Network He is a member of famous Businessman with the age 39 years old group. But there is no Citadel Securities outpost in northern California. Peng Zhao joined Citadel Securities from graduate school as a Senior Quantitative Researcher in 2006. To be honest, this sounds incredibly annoying; perhaps Citadels staff are driven to success for fear of something similar happening to them. Citadel Securities Opens Tokyo Office, Continuing Global Expansion, Citadel Securities Ranked #2 on the 2022 LinkedIn Top Companies List in Financial Services, Citadel and Citadel Securities to Relocate HQ from Chicago to Miami, Citadel Securities Announces $1.15 Billion Investment from Sequoia and Paradigm, Layla Royer Among the 50 Leading Women in Hedge Funds, Citadel Securities Expands Leading DMM Business, Citadel Securities Expands Asia-Pacific Presence, Citadel Securities Named Among 2020 Best Workplaces in Chicago by Great Place to Work, Citadel Securities Named to Fast Companys Annual List of the Worlds Most Innovative Companies, FT: Top NYSE Trader Readies for Uber IPO Scrum, Worth the Share: Business Insider on Citadel Securities Designated Market Making Business, Citadel Securities Wins Leading Industry Awards, Global Exchange Leaders: Edward Tilly, Chairman & CEO of Cboe. Peng Zhao Net Worth His net worth has been growing significantly in 2020-2021. Many people ask this question about the money Peng Zhao makes from Twitter. Eventually it will unless its offensive or libelous (in which case it wont. Binance is the world's largest cryptocurrency-exchange by trading volume, according to its website, and had more than 90 million users at the end of 2021, according to Zhao. (. It was not an easy journey to get here. Peng Zhao Named to Fortune Magazines 40 Under 40 List. [9] At this time a new role, chief scientist, was created specifically for Peng Zhao who was then global head of market making. Attack On Titan Season 4, Part 3, Part 2 has a release date. Quantitative Researcher - Global Equities HFT. Peng Zhao, CEO, Citadel Securities Photograph by Lucy Hewett for Fortune Age 36 Title CEO Company Citadel Securities Industry: Finance He may have started as Ken Griffin's protg, but the. Bitar had spent his career in Silicon Valley at firms like Juniper Networks and Cisco Systems. In a big change, half of the 100 or so technologists Citadel Securities has hired in the last two years have come from Silicon Valley or other locations far from Wall Street and traditional securities firms. An internship in Japan was followed by a stint at Bloomberg's Tradebook in New York starting in 2001. Citadel Securities, founded by Ken Griffin in 2002, is separate from hedge fund Citadel, the $43 billion enterprise that has. Accept Decline About Our Ethos; Our History; FAQ; Jobs; Newsletter Steve Jobs' open letter on Flash. Peng Zhao has replaced Kevin Turner as chief executive of Citadel Securities. Chinese-American financial services businessman, "If one Citadel is good, could two be better? He may have started as Ken Griffins protg, but the Beijing-born Zhao has earned his own spot at the top of the finance world. Get notification with the latest net worth updates for free. Mr. Zhao became the firm's CEO in . Copyright Citadel Enterprise Americas LLC or one of its affiliates. But the scale of these hires has grown enormously recently. Offers may be subject to change without notice. A committed civic leader, Peng is a founding board member of The Asian American Foundation and serves on the board of trustees for the Museum of Science and Industry in Chicago and on the Board of Directors of the National Committee on U.S. China Relations. Wall Street has been poaching talent from technology firms for yearsJames Simons hired the current CEO of his iconic Renaissance Technologies hedge fund, IBM engineer Peter Brown, more than 20 years ago. We have estimated Zhao is credited with 90% of Binance based on his public statements and filings in regions where ownership is publicly disclosed. Zhao is the chief executive officer of Binance, the worlds largest cryptocurrency-exchange by trading volume. Click here to create a profile on eFinancialCareers. Citadel Securities has 250 clients for its institutional equity options business, as it moves on from its dominance of retail market making. On Monday, Bloomberg calculated that Zhao's net worth is $96 billion, which would make him the 11 th richest person in the world. The billionaire has said that he's also invested in Bitcoin and Binance Coin. 2023 Fortune Media IP Limited. Although Peng Zhao doesnt really give away much in terms of Citadel Securities current plans, priorities or internal culture, he makes up for it with Ken stories. Its also possible, though, that the decision to invite Bloomberg in for an interview might have been made because the temptation to humblebrag and flex was becoming impossible to resist. Thats what makes it so hard to be sure whos in the right in the case of former Credit Agricole gold trader Samuel Yang, currently making its way through the London employment court. In the near term, theyre planning on hiring four more ESG specialists for the capital markets team, which would also be a doubling in size. peng zhao citadel net worth. Peng Zhao is Chief Executive Officer of Citadel Securities, a global financial services firm headquartered in Chicago, with offices across the United States, Asia-Pacific and Europe. Zhao's previous role was vice-chairman of Citadel. The case continues there are also apparently whistleblower and racial discrimination elements which havent been spelled out yet but as always, its unlikely that anyone will end up feeling like a winner. After about a year at Blockchain.info beginning in late 2013, Zhao founded a startup that provided systems and software to exchanges before starting Binance in 2017. Under Pengs leadership, Citadel Securities has accelerated its global growth across products, markets, and regions. Peng Zhao is 48, he's been the Finance Director, Vice President, and Executive Director of China Life Insurance Co since 2020. Peng Zhao net worth 366 Million Millions of dollars 99% Net worth score Disclamer: Peng Zhao net worth displayed here are calculated based on a combination social factors. (Business Insider), The Goldman 1MDB trial continues to deliver Tim Leissner is taking a break from entertaining us with stories of ten years ago in Asia, but Stephen Flaherty has stepped up. He may have started as Ken Griffins protg, but the Beijing-born Zhao has earned his own spot at the top of the finance world. The dual arms of the Citadel . After working for British intelligence for 30 years, the legal advisor took part in reviewing the involvement of Jho Low in the bond deals. It's actually a myth about how to make money on Facebook Peng Zhao (simplified Chinese: ; pinyin: Zho Png) is a Chinese-American businessman who is the CEO of Citadel Securities. A 50% discount is applied due to institutional, regulatory and related risks. Citadel Securities is the nations biggest equity and options market maker, responsible for one in every five stock trades in America and 40% of the retail equity volume. As a D2C brand, your natural cost structure advantage means theres a lot you can do to entice shoppers to buy directly from you instead of a third-party reseller. He is from China. It began to serve as a designated market maker for IPOs a few years ago; last year, Spotify picked Zhaos firm to oversee the music streaming services first-of-its-kind direct listing on the NYSE, bypassing traditional IPO underwriters. What is the S.T.A.R. In addition to the decision to switch industries and give up the possibility of a winning stock lottery ticket, these computer engineers often have to switch towns. Powered and implemented by Interactive Data Managed Solutions. He is also Chief Financial Officer in China Life Insurance (Group) Company. He is responsible for the firm's quantitative trading businesses globally.Mr. Terms & Conditions. Zhao founded Chinese online job recruitment site Kanzhun in 2014. The company offers markets in more than 600 cryptocurrencies and has said it has. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. The mortgage models turned into a three-month exercise in which Ken Griffin camped out in his office, looking over my shoulder, hovering over my keyboard, putting out statistical analysis, models and graphs. Zhao is the chief executive officer of Binance, the world's largest cryptocurrency-exchange by trading volume. Bank of Americas China country executive, Wang Wei, has set aggressive targets for sustainability-linked bond issuance, aiming to double their underwriting to $50bn of deals over the next two or three years. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest Nonetheless, Zhao's early and intense Ken exposure was clearly good for his career, and those mortgage models will doubtlessly have come in useful given the financial crisis around the corner. Some of the more high-profile of these hires appear to have worked out. Mr Yang has been unable to find another trading job since being fired in July 2020. Zhao attended Peking University and earned a bachelors degree in applied mathematics in 2001. He's now worth $27.2 billion,. [10] :The couple also supports Kartemquin Films, a non-profit documentary filmmaking organization, in its efforts to fund filmmakers from the AAPI community through the Peng Zhao and Cherry Chen Fund for AAPI Voices. The valuation is discounted by 50% due to institutional, regulatory and related risks. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Other high-level Citadel Securities hires include John Schuster, a former vice president of engineering at Workday, Seth Hettich, a principal engineer from Google, and Cisco engineer Skip Booth. [1][9], In 2019, Zhao was named on Fortune's 40 Under 40 list. Peng Zhao is Chief Executive Officer at Citadel Securities LLC. He moved to Shanghai in 2005 to develop high-frequency trading software at Fusion Systems. He is from China. What draws top technology talent to Citadel Securities? Start by understanding the purpose and value of a customer advisory board. 8 High School, Peking University. This flurry of bad news is coming hot on the heels of a stellar 2021 for Citadel, a year when the hedge fund gained 26% and Griffin personally earned $2.5 billion. It's not a given that Citadel Securities will come to dominate the sales & trading space. Disclamer: Peng Zhao net worth displayed here are calculated based on a combination social factors. Peng Zhao Net Worth Peng Zhao biography. Under Zhao, Citadel Securities has not only widened its lead as the top market maker in U.S. stocksthanks in part to the petabytes of data the firm collects to inform its tradingbut also expanded into the hot arena of initial public offerings.