Jakarta, CNBC Indonesia – The discussion regarding lecturer salaries has recently heated up after it became known how much their nominal income is. On this basis, many people think that just working as a lecturer will take a long time to become a billionaire.

Regarding this, the story of James Harris Simos alias Jims Simons can be a lesson: how a lecturer can have assets of US$ 30.7 billion or Rp. 482 trillion.

For the record, Jims Simons is a mathematics lecturer from the United States. For Simons, mathematics has become a part of life. The reason is, he has always liked knowledge, which for some people is very difficult. He liked mathematics so much that he successfully graduated with a doctoral degree from the University of Berkeley in 1961 at the age of 23.

The love of mathematics continues into work. He was listed as a lecturer at Harvard University and once helped the US Ministry of Defense as a mathematical code breaker. Even so, there is one thing that hinders him in his life, namely money.

In autobiography The Man Who Solved The Market How Jim Simons Launched The Quant Revolution (2019) Simons said that he needed more money to live every day and kept looking for ways to make money. As a result, he founded a company called iStar using his mathematical abilities.

Through iStar, Simons tried to make money by researching and mathematically calculating stock exchange trades. This method has also succeeded in making you rich and opening up new business ideas in the investment sector.

In 1982, he founded the investment firm, Renaissance Technologies. Here, Simons brought together many mathematicians. All were given similar tasks, namely creating trading models, analyzing information and making predictions on stock market dynamics.

In explanation Wall Street Journal, this method is the difference between Simons' investment company and its competitors. As a scientist, Simons turned the company into a laboratory. Everyone can share ideas and collaborate to obtain optimal results.

In the end, such tasks successfully make the company profitable. Since then, Simons' name has become increasingly popular. Especially after Renaissance Technologies was proven to produce abundant profits for investors. From 1988-2018, the company managed to bring in profits of 39% per year.

As the owner of the company, Simons automatically became rich. Forbes noted that he has assets of US$ 30.7 billion or Rp. 482 trillion. With that much wealth, he is in the 51st position of the richest person in the world.

And all of these efforts are carried out simultaneously with his duties as a lecturer on many campuses. So, throughout his life, he taught and also did business. Until now, the company still exists and is staffed by many mathematics, physics and computer experts. All of them work in the capital markets sector.

Now, Jim Simons has retired. In the remainder of his life he was also active in philanthropic activities in the United States donating a lot of money for the benefit of the people.

[Gambas:Video CNBC]

(mfa/sef)