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<\/p>\nCathie Wood is an American business woman and is presently one of the most influential investors. The net worth of Cathie Wood is estimated to be around $600 million. She made most of her wealth through ARK Invest. The firm is an investment management firm with over $60 billion worth of users’ assets under its care.<\/p>\n
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She created the firm in 2014, leveraging it to invest in various stocks. The firm gained more recognition after its Innovative Fund returned 45% of users’ investments annually. However, the factor behind her success isn’t far-fetched. The millionaire studied Finance and Economics at the University of Southern California. There, she met Professor Arthur Laffer who mentored her and helped Cathie Wood secure her first job.<\/p>\n
Cathie Wood is bullish on Tesla and on numerous occasions, she registered confidence in the tendency of the firm to increase in value. The millionaire once predicted that one day, Tesla will be valued at more than $3 billion. The investment portfolio of Cathie Wood contains stocks from firms like Tesla, Block, Coinbase, Zoom, and Exact Science.<\/p>\n
| Year<\/th>\n | Net Worth<\/th>\n<\/tr>\n |
|---|---|
| 2019<\/td>\n | $200 million<\/td>\n<\/tr>\n |
| 2020<\/td>\n | $250 million<\/td>\n<\/tr>\n |
| 2021<\/td>\n | $400 million<\/td>\n<\/tr>\n |
| 2022<\/td>\n | $440 million<\/td>\n<\/tr>\n |
| 2023<\/td>\n | $600 million<\/td>\n<\/tr>\n<\/table>\n<\/div>\nEarly Life<\/h2>\nOn November 26, 1955, Catherine Duddy Wood was born in Los Angeles. Her parents migrated from Ireland to the U.S. Cathie Wood is the first child of the family. Before moving to the U.S. Cathie Wood’s father served in the Irish Army. Upon moving to the U.S., he worked with the United States Air Force as a radar systems engineer. Cathie Wood is well-known as a devoted Christian.<\/p>\n Cathie Wood attended an all-girls Catholic High School in California known as Notre Dame Academy. She graduated from high school in 1974. Later, she proceeded to the University of Southern California where she bagged a Bachelor of Science degree in finance and economics. It was during the course of her degree program that she met a popular economist, Professor Arthur Laffer.<\/p>\n Professor Arthur Laffer became a mentor to Cathie Wood during her time at the University. The professor served as an advisor to both Presidents Reagan and Trump. Around 1977, the professor got a job for Cathie Wood at Capital Group as an assistant economist. She worked in the firm for three years before moving to New York City. After relocating to New York City, Cathie Wood got a job at Jennison Associates as a chief economist, analyst, portfolio manager, and managing director. She stayed for over a decade at Jennnison Associates. Wood worked in the firm for 18 years.<\/p>\n In the 1980s, Wood Cathie debated with Henry Kaufman on why she thought interest rates had soared. She left Jennison Associates in 1998. Meanwhile, after her time at Jennnison Associates, Wood Cathie co-founded Tupelo Capital Management alongside Lulu C. Wang in 1998. The firm functions as a hedge fund and is based in New York City. From there, she joined AllianceBernstein as a chief investment officer of global thematic strategies in 2001.<\/p>\n She enjoyed a long stint at the firm, working for 12 years and managing $5 billion. Despite enjoying a glittering career as an investment manager, Cathie Wood came under stern criticism in 2008. Critics faulted some of her investment decisions during the 2007 and 2008 financial turmoil. Then, she was condemned for putting a poor performance compared to the situation of the market during that period. Cathie Wood’s conflicting investment ideology with the leadership of AllianceBernstein brought her stint at the firm to an end. The firm deemed some of her investment decisions too risky, causing them to both part ways in 2014.<\/p>\n Ark Invest<\/h2>\nAfter leaving AllianceBernstein, Cathie Wood founded Ark Invest. The name of the firm symbolizes the Ark of the Covenant belonging to the Israelites as narrated in the Bible. The name of the firm reflected Cathie Wood’s faith as a devout Christian. As of when the firm was founded, Cathie Wood was reading the One-Year Bible. During its first year of operation, the firm launched the first four of its active funds.<\/p>\n These are the Innovation ETF, the Genomic Revolution ETF, the Next Generation Internet ETF, and the Autonomous Technology & Robotics ETF. Thereafter, the firm launched the Fintech Innovation ETF, and the Space Exploration & Innovation ETF in 2019, 2021 respectively. Likewise, the firm managed three index funds which were launched across the space of five (5) years. These index funds are the 3D Printing ETF, launched, the Israel Innovative Technology ETF, and the Transparency ETF, launched in 2021.<\/p>\n In 2020, Cathie Wood almost lost the majority stake in the company. One of Ark Invests’ shareholders, Resolute Investment Managers, revealed its interest in acquiring a majority stake in the company. Later that year, Cathie Wood bought out a clause to maintain her grip over the firm as a major stakeholder. Despite that, the firm continued to employ the assistance of Resolute Distribution Services, using the firm to gain funds from Eldridge Industries.<\/p>\n 2020 proved to be a successful year for Ark Invest. It made major headlines for the success of its innovation ETF. Around December, Innovation ETF emerged as the largest actively managed ETF. During the period, the ETF had $17 billion in assets under its management. Furthermore, the ETF made a remarkable 170% return in 2020. This growth is reflected in the overall performance of Ark Invest. Owing to that success, On January 11, 2021, the firm emerged as one of the top 10 issuers of exchange-traded funds. By October 2021, the firm relocated its office from New York City to St. Petersburg, Florida.<\/p>\n Due to her controlling stake, Ark Invest heavily reflects Cathie Wood’s investment style. The firm is based mainly on investing in disruptive technology. Some of these technologies are Blockchain, Artificial Intelligence, Fintech, Electric Cars, and Robotics. Similarly, the firm prefers to invest in stocks it perceives to have the tendency of increasing in value by two folds within five (5) years.<\/p>\n Cathie Wood predicted that the fields will be major areas of growth and change for the global economy. The investor believes that not all innovation provides the same opportunity. Cathie Wood holds the opinion that investable innovation reduces costs, spans sectors and geographies, and fosters more innovation. However, the successful investor as well believes that pinpointing relevant investments requires both big-picture and good research.<\/p>\n Investment Portfolio<\/h2>\nThe investment portfolio of Cathie Wood contains some prominent stocks which have impacted her net worth. Tesla leads the host of firms with investment from the investor. Mainly, she has been bullish on Tesla, one of the most valuable automobile firms in the world. At a time around 2022, Ark predicted that the value of Tesla stock will soar to $4,600 in 2026. In 2021, the firm sold some of its Tesla holdings. The move created a division among critics as some termed it as a pursuit for profit. More so, the opposing side referred to it as a shift in position. Nevertheless, the firm still holds some Tesla stock.<\/p>\n Trimble is another top stock on the investment portfolio of Cathie Wood. The firm is an industrial technology organization that helps numerous industries that cut across government, construction, infrastructure, and transportation. Also, the firm designs extended reality innovations for companies in the construction industry. Cathie Woods’ investment in Trimble reflects how the firm perfectly fits into her investment preference.<\/p>\n Cathie Wood also invested in Block, which is previously known as Square. The firm is regarded as a leader in digital payments. Block is popular for rejuvenating merchant services to allow businesses of any size to accept virtual payments. However, Cathie Wood’s investment in Block remains one of the firm’s largest positions. Despite that, the firm sold some of its Block’s holdings in an attempt to record some profits. During that period, the stock value of Block went up significantly after the firm enjoyed a good earning report.<\/p>\n Further, Ark also invested in prominent crypto exchange, Coinbase. The firm had invested in the firm since it went public in April 2021. Likewise, the maker of cancer diagnostic tools, Exact Sciences is also a beneficiary of Ark’s investment spree. Cathie Wood through Ark also invested in the popular video conferencing platform, Zoom. The usage of the platform soared in early 2020 due to the Covid-19 enforced lockdown. During this period, the stock of the tech company went up. However, things changed for the firm in 2022, triggering the value of its stock to dip massively. Despite that, Cathie Wood through Ark increased its investment in Zoom by 800,000 shares.<\/p>\n Is Cathie Wood Pro Bitcoin?<\/h2>\nCathie Wood has, over the years, established herself as an influential evangelist of Bitcoin. According to our findings, she has been confident and bullish about the largest crypto by market cap since its early days. The ARK Invest CEO sees Bitcoin as one of the best investments for every wealthy individual seeking to protect their wealth. At a time, Wood hyped Bitcoin as the greatest defence against wealth confiscation caused by rising inflation. She believes the token has the capacity to serve as an insurance mechanism in the evolving world. According to her; “there’s hyperinflation all over the world as their currencies have fallen apart. Those populations need a fallback—an insurance policy like Bitcoin.”<\/p>\n \n |