Cathie Wood Bio | Wiki
Cathie Wood is an American investor. She is the founder, CEO, and CIO of Ark Invest, an investment management firm. In 1977, via her mentor Arthur Laffer, Wood got a job as an assistant economist at Capital Group, where she worked for three years.
She moved to New York City in 1980 to take a job at Jennison Associates as chief economist, analyst, portfolio manager, and managing director. Wood worked there for 18 years. In the early 1980s, she debated with Henry Kaufman on why she believed interest rates had peaked. She was selected for the inaugural 2021 Forbes 50 Over 50; made up of entrepreneurs, leaders, scientists, and creators who are over the age of 50
Cathie Wood Age
Wood was born on November 26, 1955, in Los Angeles, California, United States. She is 66 years old.
Cathie Wood Height
She is a woman of average stature and stands at a height of 5 ft 5 in (Approx. 1.65m).
Cathie Wood Family
She was born and raised in Los Angeles by her parents. Wood is the eldest child of immigrants from Ireland. Her father served in the Irish Army and the United States Air Force as a radar systems engineer. She holds an American nationality and belongs to mixed ethnicity.
Cathie Wood Husband
Wood was married to her ex and late husband Robert Wood. The two had three children: Caitlin, Caroline, and Robert. Robert Wood died in 2018. Wood lives in Wilton, Connecticut. She is a devout Christian. During the 2020 election, she warned that Joe Biden’s plan of taxation and regulation would stifle innovation. In 2018, she donated funds to her high school to start the Duddy Innovation Institute, which encourages girls to study disruptive innovation.
Cathie Wood Education
She graduated in 1974 from Notre Dame Academy in Los Angeles, an all-girls Catholic high school. In 1981, Wood graduated summa cum laude from the University of Southern California, with a Bachelor of Science degree in finance and economics. One of her professors was economist Arthur Laffer, who became her mentor.
Cathie Wood Stocks | Buys
In July 2022, Wood’s top buys were:
Recursion Pharmaceuticals, Inc. (NASDAQ: RXRX)
10x Genomics, Inc. (NASDAQ: TXG)
Trimble Inc. (NASDAQ: TRMB)
Ginkgo Bioworks Holdings, Inc. (NYSE: DNA)
Exact Sciences Corporation (NASDAQ: EXAS)
Cathie Wood Ark | Ark Invest |ETS
She is the founder, CEO, and CIO of Ark Invest, an investment management firm. In 2014, after Wood’s idea for actively managing exchange-traded funds based on disruptive innovation was deemed too risky by AllianceBernstein, she left the company and founded Ark Invest. The company is named after the Ark of the Covenant; Wood was reading the One-Year Bible at the time. ARK’s first four ETFs were seeded with capital from Bill Hwang of Archegos Capital.
Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler. As of March 2021, two funds run by her were on the list of the 10 largest female-run funds by total net assets. As of May 2022, Wood’s flagship fund, Ark Innovation, trails the S&P 500 for the trailing five years. The fund has dropped in value by more than 70% from last year’s peak
Cathie Wood Portfolio
In 1977, via Wood’s mentor Arthur Laffer, she got a job as an assistant economist at Capital Group, where she worked for three years. In 1980, she moved to New York City to take a job at Jennison Associates as chief economist, analyst, portfolio manager, and managing director. She worked there for 18 years. In the early 1980s, Wood debated with Henry Kaufman on why she believed interest rates had peaked.
Cathie Wood Tesla
In July 2022, Wood updated her forecast for Tesla’s stock for the coming years. Together with her team, she provided an open-source valuation model of Tesla’s stock to the public. The firm believes that this model is a more transparent way for investors to see the research that ARK Invest has done on one of its major holdings.
The firm’s 2022 Tesla research includes updates related to autonomous ride-hail assumptions, capital efficiency estimates, and forecasts for the year 2026. Based on its model analysis, ARK has set a price target of $4,600 for Tesla by 2026. The firm research also concluded that there is a 25% probability that Tesla shares will be worth $2,900 in 2026 in a bearish scenario and $5,800 in a bullish scenario.
Cathie Wood Fund
In 1998, along with Lulu C. Wang, Wood co-founded Tupelo Capital Management, a hedge fund based in New York City. As of March 2021, two funds run by her were on the list of the 10 largest female-run funds by total net assets. As of May 2022, her flagship fund, Ark Innovation, trails the S&P 500 for the trailing five years. The fund has dropped in value by more than 70% from last year’s peak.
Cathie Wood Salary
She serves as the founder, CEO, and CIO of Ark Invest, therefore, she earns a decent income. Wood’s average salary is $1.5 million.
Cathie Wood Net Worth
She earns her wealth from her career, therefore, she has amassed a fortune over the years. Wood’s average salary is $250 million.