⬅ # 377 Rocco Commisso|# 379 Alexander Abramov

# 378 Alain Bouchard 

$7.18B

Real Time Net Worth
as of 4/20/2024
$62.3M (0.87%)

# 378 Alain Bouchard 

$7.18B

Real Time Net Worth
as of 4/20/2024
$62.3M (0.87%)
OccupationChair and CEO, Alimentation Couche Tard Cl A
Source of WealthConvinience Stores
Age75
ResidenceMontreal, Canada
Marital StatusMarried
Children4
Age-Adjusted Net Worth$2.60B
Alain Bouchard
Alain Bouchard
Canada
Net worth: $7.18B

Self-Made Score 

Wealth History

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Biography

Early Life

Alain Bouchard was born in 1949 in Chicoutimi, Quebec, to Jean-Paul and his wife, in a family of six children.
His father, Jean-Paul Bouchard, owned an excavation company, while his mother managed the company's finances.
Bouchard's family faced financial challenges when his father's road-construction business went bankrupt, leading them to relocate to a mobile home in Micoua.
Starting at nineteen, Bouchard worked as a stock boy and later joined Provi-Soir, where he managed development, construction, and real estate.
Bouchard bought two Provi-Soir franchises with earnings from real estate investments, before founding Alimentation Couche-Tard in 1980.

Career

Founded Alimentation Couche-Tard in 1980, which grew rapidly under his leadership through acquisitions.
Served as CEO of Alimentation Couche-Tard from 1980 to 2014, overseeing its expansion from one store to over 12,500 globally.
Maintained a decentralized organizational structure and valued implementing the best ideas from within the company.
Acquired U.S.-based Circle K in 2003, expanding the company's footprint.
Retired as president and CEO in September 2014, after leading the company for over three decades.
Made a $20 billion bid for French food retailer Carrefour in early 2021, which was ultimately rejected by the French government.

Organizations and Recognition

Served on the board of Québecor from 1997 to 2009.
Named Canada's Outstanding CEO of the Year for 2012.
Recipient of an International Horatio Alger Award.
Active philanthropist through the Sandra and Alain Bouchard Foundation, supporting intellectual challenges, arts, and culture.

Personal Life

Married with four children: Jonathan, Karinne, Camille, and Rose.
The Sandra and Alain Bouchard Foundation supports various charitable causes, including intellectual challenges and the arts.

How long would it take you to become as rich as Alain Bouchard?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Alain Bouchard's net worth of $7.18B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 34.07% compared to 5.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Alain Bouchard is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Alain Bouchard, Convinience Stores is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey