Robert C. Merton
Economist and Nobel Prize laureate
Significant contributions to financial economics. Developed the Black-Scholes model for option pricing alongside Fischer Black and Myron Scholes, earning a Nobel Prize in Economic Sciences in 1997. Contributed to the development of risk management techniques and dynamic asset allocation strategies. Held academic positions at renowned institutions, including Massachusetts Institute of Technology and Harvard University. Published numerous influential papers and books in finance, shaping the understanding of derivative instruments and market behavior.
Developed the Black-Scholes option pricing model
Received the Nobel Prize in Economic Sciences in 1997
Other People Born on July 31st
S. S. Kresge
Businessman, founder of Kmart
Born
July 31st, 1867 158 years ago
Died
1966 60 years ago — 99 years old
Founder of Kmart, a discount store chain, established Kresge & Company in 1899. Expanded the business into a national chain, which became a significant competitor in the retail market. Kmart revolutionized discount retailing by offering a wide range of products at lower prices. The first Kmart store opened in 1962, marking the company as a key player in the retail industry.
Continue ReadingMichael Bradley
Soccer player for USA national team
Born
July 31st, 1987 38 years ago
Played professional soccer primarily as a midfielder. Began career in Major League Soccer with the MetroStars before moving to Europe, where stints included clubs like Heerenveen, Aston Villa, and Roma. Returned to MLS to play for Toronto FC, winning multiple league titles. Served as a key player for the USA national team, participating in the FIFA World Cup tournaments in 2010, 2014, and 2018. Key figure in the national team's midfield for a decade.
Continue ReadingRyan Johansen
Ice hockey player and All-Star forward
Born
July 31st, 1992 33 years ago
An ice hockey player, achieved recognition in the NHL. Played for the Columbus Blue Jackets before being traded to the Nashville Predators. Participated in the 2015 NHL All-Star Game and contributed significantly to the Predators' run to the Stanley Cup Final in 2017. Known for strong offensive skills and playmaking abilities, playing a key role in his teams' successes.
Continue ReadingAnabel Medina Garrigues
Spanish tennis player and doubles champion
Born
July 31st, 1982 43 years ago
Competed professionally in tennis from the early 2000s. Achieved significant success in both singles and doubles formats. Earned a total of 11 WTA singles titles and 24 WTA doubles titles during her career. Represented Spain in numerous international competitions, including the Fed Cup. Contributed to Spain's victory in the Fed Cup in 2008.
Continue ReadingJohn Chiang
California State Controller and lawyer
Born
July 31st, 1962 63 years ago
Born in 1962, served as the 31st California State Controller from 2007 to 2015, overseeing the state's financial operations. Worked as a lawyer and held the position of California State Treasurer from 2015 to 2019. Played a significant role in the implementation of the state's financial policies and budgeting processes, contributing to the management of California's economy during his terms in office.
Continue ReadingKyle Larson
Race car driver, 2021 NASCAR champion
Born
July 31st, 1992 33 years ago
This race car driver competed in NASCAR and established a reputation in dirt racing. Achieved significant success in the NASCAR Cup Series, winning the 2021 NASCAR Cup Series Championship. Recorded multiple wins in various prestigious NASCAR events. Also participated in open-wheel racing, demonstrating versatility and skill in different racing disciplines.
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