Cathie Wood is an American economist who is best known as the founder and CEO of ARK Invest. In 2014, she founded the investment management firm — ARK Investment Management LLC that is currently worth over $22.28 billion. Cathie Wood has been named on Forbes’ 50 Over 50 list. Besides, she became #80 America’s Self-Made Woman 2020.
There have been a ton of questions regarding Cathie Wood and his investment management firm. Among these, “What is Cathie Wood’s net worth?” has gained the highest voice. No one beyond Cathie Wood knows, however, let’s go through with our research.
What is Cathie Wood’s net worth?
Cathie Wood aka founder of ARK Invest has an estimated net worth of $250 million.
ARK Invest has been able to grow $8 million in revenue per year. This has been possible through the experienced leadership of Cathie Wood. ARK Invest’s stock price is now $124. Since 2014, Cathie Wood has given a handy leadership of this firm.
This article will include a brief discussion on Cathy Wood’s salary from numerous companies, her aggregate from ARK Invest, lifestyle, and so forth. Hence, tune in with this article to discover the financial states of Cathy Wood.
How much did Cathie Wood make in 2020?
Cathie Wood’s investment management firm, ARK Invest, grew from $3.1 billion at the end of 2019 to $34.5 billion by the end of 2020. In other words, ARK’s assets grew 11-fold throughout 2020.
Morningstar’s fund flows report revealed that 2020 was a big year for ARK Invest. Investors allocated $8.2 billion to this firm. Wood’s effective leadership saw great success in 2020. Its assets grew from $3.1 billion to $34.5 billion by the end of 2020.
How much is ARK Invest Worth?
Cathie Wood’s ARK Invest makes a yearly revenue of $8 million. It has sold over 700k shares of Palantir so far. ARK’s net worth has been estimated at $22.28 billion!
However, here is ARK Invest’s fund details —
|Net Assets||$22.28 billion|
|Expense Ratio||0.75 %|
|Weighted Avg Market CAP||$118 billion|
|Median Market CAP||$20 billion|
|Stock Market Price||$124.26|
How did Cathie Wood get rich?
As an assistant economist, Cathie Wood began working with the financial service company — Capital Group in 1977. She worked in this company for three years. Moving to New York City in 1980, Cathie started working at the Jennison Associates as a portfolio manager and financial analyst. She worked here for almost two decades.
Later, Wood started an independent hedge fund — Tupelo Capital Management.
After Tupelo Capital Management, Cathie Wood worked at the large asset management firm — AllianceBernstein as the Chief information officer (CIO). In 2014, Cathie Wood founded ARK Invest, which is now one of the best performing hedge funds on the market.
In short, Cathie Wood has worked at —
- Capital Group
- Jennison Associates
- Tupelo Capital Management
Cathie Wood is an experienced economist who has dealt with numerous firms and companies that I have mentioned. She made a lot of fortune through her wages in these companies. Keep moving to discover how much Cathie Wood received from these companies.
How much did Cathie Wood get paid from Capital Group?
Cathie Wood received $121k per year from the Capital Group Company.
Cathie Wood served three years in the Capital Group Company as an assistant economist. She was introduced to this company through her mother in 1977. Capital Group is the world’s oldest and largest investment management organization. It has over $2 trillion of assets under management so far.
How much did Cathie Wood get paid from Jennison Associates?
According to payscale and other research, Cathie Wood received a yearly salary of $58k to $108k from Jennison Associates as a portfolio manager and financial analyst.
After working as an assistant economist at the Capital Group, Cathie Wood began working as a portfolio manager and financial analyst at Jennison Associates. Headquartered in New York, Jennison Associates began its journey providing investment advisory services to institutional clients. Cathie Wood worked in this company for eighteen years.
How much did Cathie Wood receive from Tupelo Capital Management?
Cathie Wood co-founded Tupelo Capital Management with Lulu C. Wang. Being a co-founder of this service company, Cathie Wood surely received handsome figures, though the exact number is under research.
In 1998, Lulu C. Wang and Cathie Wood founded this financial service company based in New York. Cathie Wood managed approximately $800 million for this company. This company is grossing so far so good as time passes.
How much did Cathie Wood get paid from AllianceBernstein?
As the CIO of AllianceBernstein, Cathie Wood received $400k per year.
Seth Bernstein is the CEO of AllianceBernstein. He makes more than $500k per year from AllianceBernstein. However, being the Chief Information Officer of AllianceBernstein, Cathie Wood received $400k per annum. Wood worked here for twelve years.
Besides, Cathie Wood managed $5 billion for this company throughout service spans. Thus, AllianceBernstein is deeply grateful to Cathie Wood.
Does Cathie Wood own Tesla stock?
Tesla Inc. has been ARK Invest’s top holdings now. Cathie Wood’s ARK Invest owns a 9.87% share of Elon Musk’s Tesla. Its market price is worth $644.65 that counts a market value of over $2.3 billion. According to CNBC news, Cathie Wood scooped up $120 million worth of Tesla Shares in October 2018.
Real Estate & Car Collection
Cathie Wood is now living in Wilton, Connecticut. She along with her family lives in a luxurious house in this location. Talking about car collection, Cathie Wood has been seen driving several Tesla cars.
Net Worth comparison between Cathie Wood and her husband:
Cathie Wood married the professional NFL player Robert Wood. This couple has three children. Their current relationship status is divorced.
However, Robert Wood has an estimated net worth of $116 million. Hence, Cathie Wood’s husband, Robert Wood, is more than two times less rich than Cathie Wood.
Cathie Wood: At a Glance
|Full Name||Cathie Duddy Wood|
|Date of Birth||26 November 1955|
|Birth Place||Los Angeles, California, United States|
|Education||University of South Carolina|
|Spouse||Robert Wood (div.)|
|Profession||CEO of ARK Invest, Economist|
|Net Worth||$250 million|
- https://ark-funds.com/arkk — ARK Invest’s fund details.
- https://www.indeed.com/cmp/Capital-Group/salaries?location=US — Capital Group salaries.
- https://www.payscale.com/research/US/Employer=Jennison_Associates/City/New-York-NY — Jennison Associates Salaries.
- https://www.institutionalinvestor.com/article/b1q6hth4vqp7dg/Ten-fold-Growth-and-a-740-Percent-Stock-Gain-Cathie-Wood-s-Breakout-Year-by-the-Numbers —ARK’s assets growth by the end of 2020.
- https://www.glassdoor.com/Salary/AllianceBernstein-Chief-Investment-Officer-Salaries-E14976_D_KO18,42.htm — CIO salary of AllianceBernstein.
- https://www.cnbc.com/2021/02/23/cathie-wood-bought-a-ton-more-tesla-amid-tuesdays-sell-off-possibly-sparking-turnaround.html — Cathie Wood scooped up $120 million worth of Tesla Shares.