Read the complete write-up of Cathie Wood net worth, age, husband, height, family, parents as well as other information you need to know.
Cathie Wood is the founder, CEO, and CIO of Ark Invest, an investment management firm. She is regarded as one of the world’s best female hedge funds managers in the world.
|Net worth||$250 million|
|Source of income||Businesses|
|Occupation||CEO/Founder Ark Invest|
Catherine Duddy Wood was born on November 26, 1955 (age 66 years) in Los Angeles, United States. She is the oldest child of immigrants from Ireland. Wood’s father served in the Irish Army and the United States Air Force and became a successful radar system engineer who was very detail-oriented and pushed Catherine to discover connections between things.
In 1974, Wood graduated from Notre Dame Academy in Los Angeles, an all-girls Catholic high school. In 1981, Wood graduated summa cum laude from the University of Southern California, with a Bachelor of Science degree in finance and economics. One of Wood’s professors was economist Arthur Laffer, who became Wood’s mentor.
In 1977, via her mentor Arthur Laffer, Wood got a job as an assistant economist at Capital Group, where she worked for three years. In 1980, she moved to New York City to take a job at Jennison Associates as chief economist, analyst, portfolio manager and managing director. She worked there for 18 years. In the early 1980s, she debated Henry Kaufman on why she believed interest rates had peaked.
In 1998, along with Lulu C. Wang, Wood co-founded Tupelo Capital Management, a hedge fund based in New York City. In 2001, she joined AllianceBernstein as chief investment officer of global thematic strategies, where she worked for 12 years, managing $5 billion. She was criticized for performing worse than the overall market during the financial crisis of 2007-2008.
In 2014, after her idea for actively managed exchange-traded funds based on disruptive innovation was deemed too risky by AllianceBernstein, Wood left the company and founded Ark Invest. The company is named after the Ark of the Covenant; Wood was reading the One-Year Bible at the time. ARK’s first four ETF funds were seeded with capital from Bill Hwang of Archegos Capital.
Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler. Wood is known for making bold predictions. Wood received considerable media attention in February 2018 after she stated on CNBC that she believed Tesla stock could reach a price of $4,000 in five years, a 1,100% increase from its price at the time, and reiterated the claim in May 2019 after its price had dropped 29%. While Wood’s statement was widely ridiculed at the time, Tesla’s price reached her target on a split-adjusted basis two years early in January 2021.
Because the risk of inflation has grabbed headlines and increased investor fears of a bear market in equities, especially innovation-based strategies, we would like to share @ARKInvest’s differentiated point of view. https://t.co/wxtuFBKK56— Cathie Wood (@CathieDWood) May 21, 2021
Wood lives in Wilton, Connecticut. She is divorced from Robert Wood, who died in 2018. She has three children: Caitlin, Caroline, and Robert. Wood is a devout Christian and supported Donald Trump’s presidential re-election in 2020. Wood also has a large following on Reddit.
In 2018, she donated funds to her high school to start the Duddy Innovation Institute, which encourages girls to study disruptive innovation.
Cathie Wood net worth
How much is Cathie Wood worth? Cathie Wood net worth: Cathie Wood’s net worth is estimated at around $250 million. Her major source of wealth is generated from the businesses she owns. However, In November 2020, she stated she believed bitcoin could reach a price of $500,000. As of March 2021, two funds run by Wood were on the list of the 10 largest female-run funds by total net assets.