Cathie Wood net worth: How the Ark Invest CEO built her fortune

Here's a look into the success of famed stock picker Cathie Wood.

Transcript

00:00Since founding ARK Invest in 2014,

00:02Cathie Wood has built an empire boasting several ETFs

00:05and billions of dollars in assets under her management.

00:08But what is Cathie Wood's net worth?

00:11Wood is known for betting

00:12on what she calls disruptive innovation.

00:14Her company, ARK, invests in cutting edge technology

00:17like AI, robotics, and genomics.

00:20Some of ARK's top holdings include Tesla, Zoom, and Roku.

00:24ARK, which stands for Active Research Knowledge,

00:26strategically buys shares in publicly traded companies.

00:29And some of its ETFs are listed

00:30on the All Electronic New York Stock Exchange.

00:33As of March 2024, ARK managed seven funds

00:36totaling $13.5 billion in net assets.

00:40Its biggest fund is the $8 billion ARK Innovation ETF,

00:44which owns Tesla, Roku, Coinbase, and Meta.

00:47Wood makes most of her money managing these ARK funds.

00:51How it works, when people invest, ARK charges a fee.

00:55Since she owns an estimated 50 to 75% of ARK,

00:58when Wood's investments grow, so does her own wealth.

01:02However, Wood is impacted when ARK doesn't do so well.

01:05After rising to record highs in early 2021,

01:08the flagship ARK Innovation ETF dropped back

01:10to 2017 levels in early 2023

01:13as higher interest rates weighed on big tech.

01:16The fund has also underperformed

01:17in the stock market at large

01:19since it was first listed in 2014.

01:22Most media outlets report that Wood's net worth

01:24is between 250 to $300 million.

01:29While Wood's wealth will change on the ups and downs

01:31of each individual investment decision,

01:33the name she built for herself

01:34in the highly volatile world of big tech seems here to stay.