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 been gaining popularity lately because of Cathie in the spotlight. Cathie Wood, the owner of Ark Invest, said Thursday, February 17, 2022 that the technology companies that make up its innovation-focused portfolio are dramatically undervalued. She said the funds she recently sold were all short-lived.
Early life
Cathie Wood was born on November 26, 1955 and will not be 67 years old at the end of this year 2022. 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 in the Irish Army and also served in the United States Air Force as a radar systems engineer. So it seems that she came from a well established and educated background from her paternal side.
After graduating from Notre Dame Academy Elementary School, she attended the University of Southern California, where she graduated summa cum laude with a Bachelor of Science degree in Finance and Economics. She graduated in 1981. When she was in college, one of her professors was the economist Arthur Laffer, who later became her mentor and helped her achieve what she is today.
Cathie Wood’s career
The most talented and watched speaker, Cathie began her professional life in 1977 when her mentor, Arthur Laffer, advised her to pursue a position as a business assistant with Capital Group. She extended the work in the company to at least three years. Later in 1980, Cathie moved to New York City and accepted a position as chief economist at Jennison Associates. Despite this, she also received other positions at Jennison Associates, including analyst, portfolio manager, and general manager. She worked for the company for 18 years and this was the time she dedicated the most to a company. In the early months of 1980, Cathie held a debate on Henry Kaufman on the category “Why She Thinks Interest Rates Have Peaked”.
Rise to Fame
In 1998, Cathie co-founded Tupelo Capital Management with Lulu C. Wang. The company turned out to be a hedge fund company based in New York City. In 2001, Cathie joined AllianceBernstein as Chief Investment Officer. Her work involved managing the global thematic strategies and costing around $5 million. She extended her job at the company by at least 12 years. In 2007-2008 it was criticized for underperforming the broader market and was mentioned in the 2007-2008 financial crisis.
After pitching her idea for actively managed exchange traded funds based on disruptive innovation and seeing her idea deemed too risky by AllianceBernstein, she left the company in 2014 and founded her Ark Invest. The name Ark Invest was used after the Ark of the Covenant. She developed the anime while reading a one-year Bible at the time. The first four ETFs for the company Ark Invest were funded by Bill Hwang of Archegos Capital.
Cathie Wood’s biography | |
|---|---|
| Real name | Catherine Duddywood |
| date of birth | Nov. 26, 1955 |
| Age (as of 2022) | 66 years |
| place of birth | Los Angeles, California, United States |
| nationality | American |
| job | CEO of Ark Invest |
| religion | Christianity |
| sun sign | protect |
Physical Statistics | |
| height | in feet inches – 5′ 6” – in centimeters – 000cm |
| Weight | in kilograms – 55kg – in pounds – 000 pounds |
| shoe size | 6.5 (US) |
| Hair color | dark brown |
| eye color | Brown |
| body type | Slim |
family | |
| father | – |
| mother | – |
| sister | – |
| Brothers | – |
Qualification/Education | |
| school | Notre Dame Academy Elementary School |
| University | University of Southern California |
Relationship status | |
| marital status | Divorced |
| who is her husband | Robert Wood |
| children | Three (Caitlin, Caroline, Robert) |
Personal life
Most Inspiring Personality Cathie Wood lives in Wilton, Connecticut. She married Robert Wood and later divorced as the marriage didn’t work out for her. Later her ex-husband Robert passed away in 2018. She is the proud mother of three children whom she shares with her husband Robert. The children’s names are Caitlin, Caroline and Robert.
Cathie Wood Net Worth
Cathie Wood’s estimated net worth is almost $5 million. Today she is considered one of the most successful figures in the investment world, capable of making big decisions in investment and financing work.
Cathie Wood’s Facts
- In 2020, Cathie Wood, aka Catherine Duddy Wood, was named Best Stockpicker by Bloomberg News Editor Emeritus Matthew A. Winkler.
- Later, in March 2010, it was discovered that two funds managed by Wood were in the list of the top 10 funds managed by women by total net assets.
- In 2021, Cathie Woods was chosen to open Forbes 50 over 50. The event was attended by entrepreneurs, executives, creators and scientists, all over 50 years old.
- Today Cathie is a follower of Christianity. She warned President Joe Biden that his tax and regulation plan would stifle innovation.
- Today, Cathie Woods can be found through social media profiles like 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 of encouraging girls to engage in disruptive innovation.