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

  • 2 months ago
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.

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