Cathie Wood, real name Catherine Duddy Wood is born on November 26, 1955. She is an American investor and founder, CEO, and CIO of Ark Invest, an investment management firm. She was born in Los Angeles and she is the eldest child of immigrants from Ireland. Her father before immigrating served in the Irish army and later also served the United States Air force. He had become a successful radar system engineer who was very well versed, detail-oriented, and pushed Cathie to discover connections between things. He was probably the reason why Kathryn was so curious and driven to succeed in life.
Catherine was part of an all-girls Catholic High school. She graduated from here that is Notre Dame Academy in Los Angeles in the year 1974. She went for graduation from the University of Southern California. Wood has a degree in Bachelor of Science in finance and economics after she graduated in 1981 she graduated summa cum laude. Cathie Wood’s mentor was economist Arthur Laffer whom she met while graduating from the university as he was a professor in the same university.
Personal Life
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Cathie was married to Robert Wood and then the two parted ways. They got divorced, Robert died in the year 2018. Cathie Wood has three children, they are named Caitlin, Caroline, and Robert. Wood now resides in Wilton, Connecticut.
Wood has a belief in Christianity.
Career
She got a job offer for assistant economist At Capital Group via her mentor Artur Laffaer in the year 1977. She worked here for three years then in the year 1980 she moved to New York City. Her move was necessary for her to work at Jennison Associates as chief economist, analyst, portfolio manager, and managing director. There she worked for 18 long years. Around the time of the 80s only, she was caught in the debate with Henry Kaufman where she voiced why she believed interest rates had peaked.
She caught one more feather in her cap when she along with Lulu C. Wang co-founded Tupelo Capital Management. The Management was founded in the year 1988 and it was a hedge fund based in New York City. Cathie Wood oversaw approximately $800 million at Tupelo Capital Management.
Later in the year 2001, Cathie Wood joined as chief investment officer of global thematic strategies at AllianceBernstein. She gave her 12 years to the company, managing to garner $5 billion for the company. Though she has also met with criticism for performing worse than the overall market during the financial crisis of 2007–2008.
She left AllianceBernstein in 2014 when one of her ideas was deemed too risky by the company itself. Her idea revolved around actively managing exchange-traded funds based on disruptive innovation. However, this was best because after she left, she founded her own firm that is Ark Invest.
Once Wood was reading the One Time Bible and that inspired her to name the company after the Ark of the Covenant. The capital from Bill Hwang of Archegos was seeded along with the first four ETFs of the Ark Invest.
Net Worth
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Cathie Wood has earned herself the reputation of a risk taker. She usually invests in disruptive, high growth sectors of the industry. So much this risk taker has raked for herself? What is her income? What is the total net worth of Cathie Wood?
According to Forbes, the business news publication Cathie Wood’s personal net worth is $400 billion.
Online Presence And Publicity
Cathie Wood is very active on social media. Her fan following is also big. They all look up to this business giant.
Her presence is marked on Twitter and LinkedIn. Whereas she has also taken up the initiative and has a YouTube channel for Ark Invest.
She has been witnessed giving a lot of interviews. She has been featured in a number of major publications. These include the likes of Forbes, CNBC, Fortune, Yahoo Finance, and Bloomberg.
She has also been the one to share her investment two years ago in December with another biggie of Banking and Financial Service Provider Goldman Sachs.
Thoughts on Bitcoin and Tesla, and more
Ark Investment Management CEO Cathie Wood has been very vocal and self assertive of her thesis that bitcoin would reach $500,000 in the next few years in the future. She also says that the institutional investors support her thesis.
In an interview on Barron’s, MarketWatch’s sister publication, Cathie Wood on Wednesday spoke about how if institutional investors move into bitcoin and from their portfolios allocate 5% on bitcoin there is no stopping of the cryptocurrency to rise as high as $560,000 by 2026. Her thesis was based on the current levels according to her own company ARK estimates.
With the new year, this businesswoman has sold and bought some of the most notable stocks as Ark wants to make a roaring come back after the debacle of 2021.
She has been dumping stocks belonging to Tesla since Monday. This was after the electric-vehicle maker posted record fourth-quarter deliveries. The firm sold 39,262 shares ever since the start of trading on Monday, worth about $45 million.
Recent News
She also leads ARK Investment Management, a New York-based fund with a portfolio value of more than $60 billion at the end of the third quarter of 2021.
Recently Cathie wood and her flagship Ark Investment Management have been in talks all over the business news and economists. This is because her company has been caught in an epicenter of tech selling. Some analysts weren’t even shy to disclose that the stocks behind her strategies will incur more loss. They will drop down more and land further bottom.
This week it has been on the low, specifically on Thursday when the innovation focused exchange-traded fund was down more than 48% from its February 2021 all-time intraday high. This drop was even worse than the one the company met in March of 2020 during the economic crisis during the pandemic.
Frequently Asked Questions
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