Cathie Wood Net Worth, Income, Age, Height, Husband, Career, Biography,

Investor Cathie Wood is famous for co-founding ARK Investment Management, also known as ARK Invest, in 2014. Through the beginning of 2021, ARK’s exchange-traded funds demonstrated outstanding average annual returns; however, the funds have since declined from their peak performance. She is the chief investment officer and executive of the business.

Early Life

Cathie Wood was born on November 26, 1955, in Los Angeles, California, in the United States. Irish immigrants made up her parents. In addition to serving in the Irish Army and the US Air Force as a radar systems engineer, Wood’s father had a varied professional background. At the Catholic school for girls in Los Angeles, Notre Dame Academy, Wood finished her high school education in 1974.

She received a Bachelor of Science in finance and economics from the University of Southern California (USC) in 1981, graduating summa cum laude, or with the highest honor. She was fortunate to study under distinguished economist Arthur Laffer at USC, who had advised both Presidents Ronald Reagan and Donald Trump in the past. Laffer took on the role of her mentor.

Height and Weight

Cathie Wood’s height is 1.67 meters, or 167 centimeters, or 5 feet 6 inches. She is about 55 kg (121 lbs) in weight. Her measurements are 36, 26, 45 inches as well. She also wears a 36 D bra cup size. She is also a huge fan of exercise. Cathie has gorgeous blonde hair and dark brown eyes.

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Husband

Robert Wood and Cathie Wood are wed. Moreover, the pair separated a very long time ago. In addition, Robert died in 2018. Her three children are Robert, Caroline, and Caitlin. Wood lives in the Connecticut town of Wilton. Wood claims to be a devoted follower of Christ.

Career

Wood first began her career in 1977 when she was employed as an economist at Capital Group. Her success as an investor was made possible by her proficiency in economic analysis. Wood worked for Capital Group for three years before joining Jennison Associates, where she spent eighteen years honing her craft.

When Wood founded Tupelo Capital Management, a hedge fund, in 1998, she made a huge professional advancement. She was able to demonstrate her investment savvy and create her own investment strategies with this move.

Cathie Wood Net Worth and Income

In 2024, she will have a net worth of between $250 million and $300 million. The fees that Cathie Wood charges investors for managing ARK’s funds are the primary source of income for her. ARK charges a management fee of 0.75% per year for its actively managed ETFs. This means that for every $1 billion invested, a fee of $7.5 million is incurred.

Wood owns 50% to 75% of ARK, according to a 2020 Barron’s report. This means that, given a 0.75% expense ratio, she would have received $3.75 million to $5.63 million in compensation for every $1 billion in assets before taxes. How much of Wood’s personal funds were invested in ARK’s ETFs is unknown to the public.

Rise to Fame

When Cathie’s ARK Innovation fund returned nearly 150% in 2020, she became well-known. These are the figures that catapulted her to stardom in the investing world and inspired others to heed her advice. Even Matthew A. Wrinkler, the emeritus editor-in-chief of Bloomberg News, named Cathie the best stock picker of 2020.

Cathie’s audacious forecasts have also attracted a lot of attention. Wood also predicted on CNBC in 2018 that Tesla stock could reach $4,000 in the next five years, a 1,100% increase from its current price. Even after the price dropped by 29%, Cathie stuck to her May 2019 predictions.

Conclusion

Cathie Wood is an investigator, thinker, and facilitator of connections. Her father pushed her to make connections between the things that were taught to her from an early age. Wood’s approach to thinking has proven beneficial in her evaluations and decisions regarding the status of the economy.