Catherine Duddy Wood, famously known as Cathie Wood is the founder, CEO, and CIO of ARK Invest. It is an investment management firm that manages some of the most actively traded ETFs.
ARK Invest mainly invests in disruptive ideas and cutting-edge technology businesses, including gene editing, cryptocurrency, and artificial intelligence. Cathie is one of the most prominent personalities when it comes to the investment market in America. Let us know more about Cathie Wood’s net worth, her early life and her education.
Cathie Wood’s Net Worth
With a solid investment portfolio, Cathie Wood’s net worth is estimated to be $140 million. Cathie’s ownership stake in her firm – ARK Invest is worth around $125 million. And the rest of her net worth comes from the own cash that she invested in Ark’s funds and in separate cryptocurrencies.
Cathie Wood’s Main income
The major source of income for Cathie is her investment firm – ARK Invest which primarily focuses on investing in innovative technology that aims at revolutionizing the world. Thus, ARK Invest pays greater attention to the electric car, blockchain, cryptocurrencies, artificial intelligence, robotics, DNA sequencing, renewable energy, and energy storage.
Cathie Wood’s Other income
Apart from managing and running her own firm, Cathie is also a crypto investor. She believes that Bitcoin’s current market value will rise to a significant level. This also has a great impact on Cathie Wood’s finances.
Cathie is also a fierce women’s advocate – as mentioned in her Twitter bio. However, she does not try to fetch any financial gains through this pursuit.
Cathie Wood’s Social Media Accounts
Cathie Wood’s Personal Life, Stats & Facts
Cathie was born on November 26, 1955, in Los Angeles as the eldest child of Irish immigrants. Wood’s father served in the Irish and United States Air Forces. He taught her about radar systems at a very early age. Cathie always had a curious attitude towards and tried to understand the connections between things while her father encouraged her.
For higher studies, Wood went to All Girls Catholic school, Notre Dame Academy, in LA in 1974 from where she graduated. In 1981, she attended the University of Southern California from where she graduated summa cum laude with a BS in economics and finance.
Talking about Cathie’s beliefs and faith, she is a devout Christian. She says that most of her investing strategies are based on her faith. She even decides on her ventures based on God’s indications.
Today, Cathie lives in Wilton, Connecticut and is a mother to three children, Caroline, Caitlin, and Robert. Cathie’s ex-husband – Robert Wood, passed away in 2018.
Talking about her career, Wood started working at Capital Group in 1977 as an economist. She then went to Jennison Associates where she spent 18 years working as a portfolio manager. In 1998, Wood decided to start the hedge fund – Tupelo Capital Management.
Cathi is also one of the biggest boosters of Elon Musk’s Tesla and predicts that the electric car company will someday be valued at over $3 trillion. In May, Wood’s Ark Investment Management LLC even acquired more than 55,000 shares in Elon Musk’s company, which she later sold as a profit.
Cathie Wood’s Rise to Fame
Cathie gained attention when her ARK Innovation fund managed to return almost 150% in 2020. These are the numbers that made her a star in the investment space and made people follow her investment advice.
Cathie has even been named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus – Matthew A. Wrinkler. Cathie has also garnered a lot of attention for her bold predictions.
In 2018, Wood also stated on CNBC that Tesla stock could attain a price of $4,000 in the coming five years which would make a 1,100% increase from its current price. Cathie reiterated her predictions in May 2019 even after the price has dipped by 29%.
Although this dip made people lose faith and even got her ridiculed, Tesla’s price eventually reached her predicted target in January 2021. This was after two years after her initial prediction. The entire event made her gain a lot more attention and people started following her advice even more.
Stats & Facts
- Date of Birth: November 26, 1955 (Age 66)
- Location: Wilton, Connecticut.
- Height: 5 ft 6 inch (167.6 cm)
- Marital status: Divorced
- Average monthly viewers/listeners: –
Cathie Wood’s Net Worth in 2024?
Cathie Wood is estimated to be worth $140 million which is sharply down from the $400 million which was her total worth last year. Today, Cathie falls well short of the $215 million cut-off required to make this year’s Forbes list of America’s Richest Self-Made Women in 2022.
She serves as the CEO and chairwoman of ARK invest has several flagship ETF funds under management that can help her increase her net worth in the future.
Although her investments witnessed a massive hit last year, Cathie continues to give her investors assurance that the fund is undervalued and is bound to grow in the future. Thus, the Cathie Wood net worth campaign might see an increase somewhere in 2024.