The article covers Cathie Wood Net Worth, Cathie Wood career and her husband, and her investment in Bitcoin & Tesla.
Cathie Wood is an American Investor and Businesswomen in the United States. She is the founder and CEO at Ark Investment firm which deals with various securities that include shareholdings, bonds, and real estate.
She was born on November 26, 1955, in Los Angeles, United States. In Mar 2021, her name has been listed as the top 10 largest fund management businesswoman.
The reason she is on the top list is that she usually focuses and invests in revolution companies that are leading in technologies. As a result, she has also acquired a legion of avid supporters.
She also quotes that “She had a road map with the vision and the correct target for investment ”. In the reports, she also said “Artificial Intelligence would be the next big market capitalization in a decade”.
Quick Facts
Name | Cathie Wood |
Nickname | Catherine Duddy Wood |
Birthday | Nov 26th, 1955 |
Birthplace | Los Angeles, California, U.S. |
Active Year | 1977- Present |
Education | University of Southern California |
Age | 66 ( 2021 ) |
Known As | CEO of Ark Investment |
Father Name | N/A |
Marital Status | Married |
Husband | Robert Wood |
Profession | Businesswomen and Investor |
Children | 3 |
Height | 5 feet 6 inches (1.65 m ) |
Net Worth | $400 Million |
According to her LinkedIn Introduction
I’ve been focusing on theme investment methods since 1990, and I’m enthusiastic about putting cash to the greatest possible use.
As a thematic investor, I’ve been looking for technology enabled upheaval that crosses across industries.
I think this investment approach will outperform any broad-based investing benchmark over time, with a minimal correlation of relative returns to most passive or active benchmark sensitive methods. This, in my opinion, establishes disruptive innovation as a viable investment option.
LinkedIn Link : Click Here
Table of Contents
Cathie Wood Net Worth
Cathie Wood’s net worth 2021 Nov is $400 Million approximately.
- Her net worth has increased consistently since she only invests in companies that are technologically advanced and have influenced new customers via customer satisfaction.
- Cathie became an investment advisor in January 2014 after registering ARK Investment Management LLC (“ARK”) with the Securities and Exchange Commission. ARK has averaged a profit of more than 45 percent since then.
- Bloomberg News editor-in-chief emeritus Matthew named her the best top stock picker as well.
- Moreover, In 2018 Bloomberg also named her top 50 people who represent the global business.
- Cathine Wood is being a major supporter of Elon Musk’s Tesla. She stated that electric car companies like Tesla will be valued at more than $3 trillion in the future.
- As she is almost always correct in her predictions. Following her comments about Tesla, the stock price of Tesla increased significantly the following day.
- She has a track record of selecting high-tech stocks at reasonable prices.
- Here, are the list of the stock she bought back in Jun 2021.
1.Tesla (TSLA)
2.Teladoc Health (TDOC)
3.Square (SQ)
4.Zoom Video (ZM)
5.Coinbase Global (COIN)
6.DraftKings (DKNG)
- Moreover, she also had invested in Bitcoins, as per reports she bought a 5.5% share of Grayscale Bitcoin Trust ( GBTC). In an interview, she said the Bitcoin price will be tenfold in 5-6 years from now.
- Wood predicted a 20% gain in ARKK this year (2021), and till this date, 19.24 % has been gained already.
Friday on “In the Know,” @CathieDWood weighed in on the economy, inflation, oil, China, commodities, the velocity of money, and more. Don’t miss this month’s video commentary! https://t.co/YqGPOQVcIM
— ARK Invest (@ARKInvest) November 8, 2021
Early Life & Career
- Wood immigrated to the United States from Ireland because her father served in the Irish Army and afterward in the United States Air Force.
- Her father also served as a radar system engineer in the United States Air Force.
- Currently, her residence is at Wilton, Connecticut. Wilton is a town in Fairfield country. She is living with her daughters Caitlin, Caroline, and son Robert wood.
- Her religion is Christianity, and she attends a girls-only Catholic high school.
- She graduated as Degree Name Bachelor of Science (BS) and Economics and Finance from the University of Southern California from 1976 to 1981.
- Not only that, but she also worked as an Assistant Economist for Capital Group, an equity and portfolio management business company, while she was studying from 1977-1980.
- Wood claims that her mentor, Arthur Laffer, has assisted her at every level of her education and mentoring up to this point.
- Arthur Laffer is an American economist and economic advisor of Donald Trump in their 2016 campaigns.
- Later in 1980 after completing her studies, she moved to New York and joined Jennison Associates.
- During her career at Jennison Associates, she worked in various positions for 18 years.
- From 1980-1998 she worked as Chief Economist, Equity Research Analyst, Portfolio Manager, and Managing Director. Furthermore, she has been fully focused on investment strategies since 1990.
- She left Jennison Associates after 18 years and went to work for Tupelo Capital Services in New York, a financial service company, from 1998 t0 2001.
- At Tupelo Capital Service, she worked as Portfolio Manager and Limited Partner.
- From 2001 to 2013, she was the Chief Investment Officer for AllianceBernstein and managed $5 Billion investment funds.
- Between 2007 and 2008, there was a global financial crisis that primarily affected the United States. During this time, many hedge funds were chastised for failing to manage investors’ profits.
- Moreover, Wood has also been criticized for not performing as expected.
- Since 2014, She has been the Founder and CEO of ARK Investment Management LLC.
- In Global Conference 2021, Bloomberg’s Carol Massar asked her how she has been so successful in investing and stock prediction, then Wood replied: “She is guided by the Holy Spirit in her personal life”
Also, Read The Richest Entrepreneur in India : Nykaa Falguni Nayar:Self-made multi-billionaire
Cathie Wood Husband
- Cathie Wood’s husband’s name is Robert Wood. Robert Wood died in 2018.
- However, Both the couple have been divorced and living separately.
- There has not been any more information regarding her Husband.
- They had three children, two daughters and one son. Two daughters’ names are Caitlin Wood, Caroline Wood and Son name is Robert Wood.
Cathie Wood Bitcoin
- BTC could reach $500,000 per token in the next five years, according to Wood. She believes the price will be ten times higher than it is now,” Wood said at the conference.
- Her Bitcoin price prediction is based about whether businesses continue to expand and gain more profit and soon their company will adopt the cryptocurrency or not.
- She also added that Bitcoin haven’t been accepted legally in some countries like Vietnam, Morocco, Nigeria and other countries as well.
- With such statement, it doesn’t mean she is not going to invest in Bitcoin. But still now her company is investing in stock like as 60% Bitcoin and 40% Ethereum.
- Even her split in stock percentage is higher in Cryptocurrency, but she is also positive that Ethereum is on bullish which is secondary largest market cap.
- Some companies are still changing their money into Bitcoin. Furthermore, after the SEC has issued well’s notice to Coinbase, she was shocked.
Provocative! https://t.co/MKC7bLTXpD
— Cathie Wood (@CathieDWood) November 8, 2021
Some Question Asked
Who is Cathie Wood ark investment?
Cathie Wood is the founder and CEO of Ark Investment since 2014 to present.
Does Cathie Wood like Ethereum?
Yes, her company Ark is investing in Ethereum up to 40% of his investment and 60% in Bitcoin companies. Wood said that she is positive that Ethereum is still positive and had trend future.
Is Cathie Wood a billionaire?
Her net worth had become $400 Million in Nov 2021 according to Forbes. She has been awarded as” America’s Self-Made Women” in 2021.
Does Ark Invest have Bitcoin?
Yes, Ark Invest had invested 8.3 million shares of Grayscale Bitcoin Trust (GBTC) according to the Ark portfolios in Oct 2021.
How did Cathie Wood get rich?
She got numerous experience in the field of Finance. The way she predicts the selective stock is significant. She managed over $800 million at Alliance Bernstein over hedge
How old is Cathie Wood?
She was born on 26th Nov 1955 and age of 66-year-old in 2021.
Where is Catherine Wood from?
She is from Los Angeles, California, United States.
Where is Ark Invest located?
ARK Investment Management LLC is located at Florida, St. Petersburg, which was founded by Cathie Wood in 2014 that manages a handful of exchange traded funds
Is Cathie Wood moving to Florida?
Yes, according to company statement, Ark Investment has been closed its office at New York and shifted its location to St. Petersburg, Florida