Who is Cathie Wood
Cathie Wood is primarily known for being the CEO, CIO and founder of ARK Invest, an investment management firm specializing in actively managed exchange-traded funds (ETFs) focused on innovative technologies, including the disruptive technologies of the future. She has gained a reputation as a savvy investor in the technology industry, particularly in emerging and disruptive markets.
She was born in 1955 in Los Angeles and is the child of two Irish immigrants. In her early life, she received an education at an all-girls Catholic school called Notre Dame Academy in LA. After graduation, Cathie attended the University of Southern California, where she received a Bachelor of Science degree in Finance and Economics, which she would later use to join Capital Group.
After she left Capital, Cathie began her career at Jennison Associates in the late 1970s before working at AllianceBernstein and Tupelo Capital Management. There was controversy surrounding her role at AllianceBernstein, so she left in 2014 and founded her investment firm, ARK Invest. The company has since grown into a prominent asset management firm with over $50 billion in assets under management.
What is Cathie Woods net worth in 2023?
As of 2023, Cathie Wood's projected net worth is around $300 million. This estimate is based on her earnings as the founder and CEO of ARK Invest, which has seen tremendous growth in recent years, and her personal investments in the stock market. In 2022, she did have a significantly higher net worth, reaching up to $450 million, but it has since dropped due to stock prices plummeting in the last financial year. In saying that, her net worth has been on the rise in recent years, driven in part by her successful investments in disruptive technologies, including electric vehicles, biotech, and artificial intelligence.
How did Cathie Wood make her fortune?
Cathie is known for her bold and often contrarian investment strategies, particularly in the emerging technology space, and has been a personal and professional early investor in many now-prominent companies such as Tesla, Square, Zoom, and Roku. She is a well-respected figure in the investment community and is often featured in various media outlets, including CNBC and Bloomberg, where she shares her insights and opinions on the latest trends and developments in the market.
She made significant wealth from investing in these major tech companies in the early stages of their creation. Cathie has received numerous accolades for her work, including being named one of Fortune's "40 Under 40" in 2001 and one of Bloomberg's "50 Most Influential People in Global Finance" in 2018. Her bold investments have made her one of the most successful and rich women in Finance today.
What is Cathie Woods biggest holdings?
One of her most significant personal holdings is in Tesla, the electric vehicle company founded by Elon Musk, which has been a large part of ARK's portfolio for years (over 12%). In addition to Tesla, other major holdings in ARK's portfolio include Zoom, a video conference company, Square, a financial services company, and Teladoc Health, a telemedicine provider.
ARK Invest's ETFs also hold significant positions in innovative companies in areas such as genomics, robotics, and cloud computing. These include companies like CRISPR Therapeutics, which is focused on gene editing, and Roku, a streaming television provider. Another one of ARK's biggest holdings is its position in Coinbase, the leading Cryptocurrency exchange, which was a major contributor to the firm's returns in 2021. Wood is a well-known proponent of Cryptocurrencies, and ARK Invest has significant exposure to digital assets through its holdings in Coinbase and other companies in the space.
The Bottom Line
To summarise, Cathie Wood is the founder and CEO of ARK Invest, an investment firm that specializes in actively managed ETFs focused on innovative technologies. She has an estimated net worth of $300 million in 2023, which is largely due to her successful investments in the emerging technology space, particularly in companies like Tesla, Zoom and Roku.