Cathie Wood is an American personality who is an investor by profession. Despite this, she is the founder, CEO, and CIO of her company Ark Invest. Ark Invest is one of the leading investment management firms that has recently gained popularity because Cathie is in the limelight. Cathie Wood, the owner of Ark Invest said on Thursday, 17th February 2022 that the technology companies that belong to her innovation-focused portfolio are dramatically undervalued. She said that the funds that she sell-off recently are all short-lived.
Cathie Wood was born on 26th November 1955 and as of 2022, she is yet to be 67 at the end of this year. The highly educated investor was born in Los Angeles and became the eldest child of immigrants from Ireland. She has confirmed that her father was an Irish Army and also served in the United States Air Force as a radar system engineer. So, it seems that she was having a well-established and educated background from her paternal side.
After finishing school education at Notre Dame Academy Elementary School, she went to the University of Southern California where she received her degree in Summa Cum Laude with a Bachelor of Science in Finance and Economics. She received her graduation in 1981. When she was still in college, one of her professors was economist Arthur Laffer, who later became her mentor and helped in achieving what she is today.
Cathie Wood Career
The most talented and most-watched speaker Cathie began her professional life in 1977 when she was advised by her mentor Arthur Laffer to pursue a job as an assistant economist at Capital Group. She stretched the work at the company for at least three years. Later in 1980, Cathie relocated to New York City and took a job at Jennison Associates as a chief economist. Despite this, she was also given other positions at Jennison Associates including analyst, portfolio manager, and managing director. She worked with the company for 18 years and this was her most spent time for any company. In the early months of 1980, Cathie gave a debate about Henry Kaufman regarding the category of “why she believes that interest rates have peaked”.
Rise to Fame
In 1998, Cathie co-founded Tupelo Capital Management, along with Lulu C. Wang. The company came out to be a hedge fund company based in New York City. In 2001, Cathie joined the company called AllianceBernstein with the position of Chief Investment Officer. Her work was associated with managing the global thematic strategies and the expense of around $5 million. She stretched her job at the company for at least 12 years. In 2007-2008, she was criticized for performing worse than the overall market and was mentioned in the financial crisis of 2007-2008.
In 2014, after she put forth her idea for actively managed exchange-traded funds based on disruptive innovations and her idea came to be known as too risky by the company AllianceBernstein, she left the company and founded her Ark Invest. The name of Ark Invest was deployed after the Ark of the Covenant. She developed the anime when she was reading a one-year bible at the time. The first four ETFs for the company Ark Invest got its capital seeded from Bill Hwang of Archegos Capital.
Cathie Wood Biography
|Real Name||Catherine Duddy Wood|
|Birth Date||26 November 1955|
|Age (as of 2022)||66 Years|
|Birth Place||Los Angeles, California, United States|
|Profession||CEO of Ark Invest|
|Height||in feet inches – 5’ 6” – in Centimeters – 000 cm|
|Weight||in Kilograms – 55 kg – in Pounds – 000 lbs|
|Shoe Size||6.5 (U.S.)|
|Hair Color||Dark Brown|
|School||Notre Dame Academy Elementary School|
|College||University of Southern California|
|Who is her husband?||Robert Wood|
|Children||Three (Caitlin, Caroline, Robert)|
The most inspiring personality Cathie Wood is living in Wilton, Connecticut. She married Robert Wood and later received a divorce as the marriage didn’t work for them. Later, her ex-husband Robert died in 2018. She is the proud mother of three children whom she shares with her husband, Robert. The children are named Caitlin, Caroline, and Robert.
Cathie Wood Net Worth
The estimated net worth of Cathie Wood is nearly $5 million. Today, she is counted as one of the most successful personalities in the world of investments who is capable of making big decisions regarding the work of investments and funding.
- In 2020, Cathie Wood, Aka, Catherine Duddy Wood was named the best stock picker by editor-in-chief emeritus Matthew A. Winkler from Bloomberg News.
- Later, in March 2010, two funds run by Wood were found to be on the list of 10 largest female-run funds by total net assets.
- In 2021, Cathie Woods was selected for the inaugural of Forbes 50 over 50. The event was attended by entrepreneurs, leaders, creators, and scientists who were all over the age of 50.
- Today, Cathie is a devotee of Christianity. She warned President Joe Biden that his plan of taxation and regulation would stifle innovations.
- Today, Cathie Woods can be found over social media profiles including Reddit.
- In 2018, Cathie donated funds to her high school to help them start a Duddy innovation institute. The development of the institute was based on the ethic to encourage girls to study disruptive innovation.