Jane Street's  Billionaire Granieri Keeps Low Profile - video Dailymotion

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00:00Now, while the Trump family is constantly a center of attention and public scrutiny,

00:04one of Wall Street's record-breaking traitors wants the exact opposite, which is to stay

00:07out of the spotlight entirely. And he is Jane Street co-founder and billionaire Rob Granieri.

00:13He is so reclusive, we don't even have a recent photo of him to show right now.

00:17Bloomberg chief Wall Street correspondent Sri Natarajan has been following Granieri's career

00:20and just wrote a piece on him now. Sri, if we were to show a picture of him,

00:26what would he look like and how does he differ from your typical Wall Street firm CEO?

00:31Well, for one, it is incredibly hard to find any picture of him because he does want to stay out

00:36of the limelight. And the only ones that we could find of him were back at his casino. Yes,

00:40this co-founder of Wall Street's most successful trading firm owns a casino, has financed a casino

00:47in Mississippi. And the only photos we could find of him are from a party celebrating the employees

00:52of that casino wearing a fedora and his long hair and the boutonniere on his shiny jacket. He does seem

00:59to be an interesting character. And from all we could tell and all the conversations we've had

01:02with folks, both at Jane Street, outside Jane Street, his friends, associates, colleagues, people who've worked

01:08with him over the years, he does seem to be such a fascinating character. He was 27 when we left Jeff Yost

01:15to Susquehanna. By that time, he was making $700,000 a year. But then he paired up with two

01:20of his former Susquehanna colleagues and they started Jane Street, which today, especially with

01:26the second quarter numbers of more than $10 billion in a quarter, holds the title of the most lucrative

01:33trading house out there. And with all the other co-founders of Jane Street having left, it is Rob

01:38Granieri alone at that place. And remember, this is a firm that claims it's run by dozens of partners.

01:44Decisions are made by committee. But there is at least one man who clearly stands above the rest

01:50just because of his title, stature and how long he's been associated with the firm.

01:54So you cover big firms like Morgan Stanley and Goldman Sachs. What does Jane Street do? What is its bread

02:00and butter business? Jane Street, Citadel Securities, Hudson River Trading. These firms are sort of part of

02:06this new breed in the last 20, 30 years that have come. They're market-making firms that have benefited

02:12from the electronification of markets, from the explosive growth of ETFs and also the stricter

02:18capital rules that have forced investment banks to back away a little bit. You know, if you're a big

02:23player in the creation, redemption, trading of ETFs, you can also make money from the mismatch between

02:28those baskets of securities and the underlyings that they reference. And Jane Street does a very good job

02:34of it. It also has more than $50 billion of its own capital to wager. That figure in itself,

02:40the Jane Street capital, has grown by 33 percent since the end of the year. And that will only

02:45continue to grow if the firm remains successful. And right now we're seeing all signs that from 2016,

02:51what they made in 2016, which was about $1.35 billion, they are on track this year to make

02:56more than 20 times that amount. Okay, so pretty remarkable growth there. Very quickly,

03:00has Rob Granieri or anyone from Jane Street reached out to you? They're not commenting on this story.

03:06They wouldn't want to comment. They would prefer to live in the shadows. But they're just too big

03:10to live in the shadows now.