⬅ # 230 Joseph Lau|# 232 Sarath Ratanavadi

# 231 Anders Holch Povlsen 

$9.96B

Real Time Net Worth
as of 4/12/2024
-$95.0M (-0.95%)

# 231 Anders Holch Povlsen 

$9.96B

Real Time Net Worth
as of 4/12/2024
-$95.0M (-0.95%)
OccupationOwner, Bestseller
Source of WealthFashion Retail
Age51
ResidenceAarhus, Denmark
Marital StatusMarried
Children4
Age-Adjusted Net Worth$18.3B
Anders Holch Povlsen
Anders Holch Povlsen
Denmark
Net worth: $9.96B

Self-Made Score 

Wealth History

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Biography

Overview

Anders Holch Povlsen was born on November 4, 1972, to Troels Holch Povlsen and Merete Bech Povlsen.
His family opened their first clothing store in 1975 in Brande, Denmark.
Povlsen took over as the sole owner of Bestseller at the age of 28.
He holds a BA degree from Anglia Ruskin University and received an honorary doctorate from the same institution in 2015.
Povlsen is married to Anne Holch Povlsen and has experienced significant personal tragedy, losing three of his four children in the 2019 Sri Lanka Easter bombings.
He has since had twin girls in March 2020 and another son in September 2021.

Career

Povlsen is the CEO and sole owner of Bestseller, an international retail clothing chain.
He has significant stakes in ASOS, a British internet fashion retailer, and Zalando, a German internet clothing retailer.
Povlsen bought a 10% stake in Zalando in 2013, becoming its third-largest shareholder, and already had a 27% stake in ASOS.com at the time.

Landownership

Scotland
Povlsen owns approximately 221,000 acres of land in Scotland, making him the largest landowner in the country.
He acquired additional estates, such as Ben Loyal and Kinloch Lodge in Sutherland, in 2012.
Povlsen also owns the Glenfeshie Estate, which he bought in 2006 and expanded over the years.
He bought Aldourie Castle on the banks of Loch Ness in 2014 and the Jenners building in Edinburgh in 2017.
Povlsen plans to combine his estates in Scotland and re-wild them, employing aggressive techniques for tree growth.

Denmark
In Denmark, Povlsen owns the Constantinsborg Estate near Aarhus, along with significant farmland and forests.

Romania
Povlsen has acquired land in Romania's Carpathian Mountains to create a wilderness reserve for wolves, bears, and lynx.

How long would it take you to become as rich as Anders Holch Povlsen?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Anders Holch Povlsen's net worth of $9.96B.

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 36.27% compared to 8.51% for the S&P 500 benchmark.

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Anders Holch Povlsen 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 Anders Holch Povlsen, Fashion Retail 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