⬅ # 169 Johann Rupert|# 171 Henry Nicholas III

# 170 Andrew Beal 

$11.8B

Real Time Net Worth
as of 4/16/2024
-$415 (-0.00%)

# 170 Andrew Beal 

$11.8B

Real Time Net Worth
as of 4/16/2024
-$415 (-0.00%)
OccupationFounder and Chair, Beal Bank
Source of WealthBanks, Real Estate
Age71
ResidenceDallas, Texas
Marital StatusDivorced
Children6
EducationDrop Out, Baylor University
Age-Adjusted Net Worth$5.63B
Andrew Beal
Andrew Beal
United States
Net worth: $11.8B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Daniel Andrew Beal was born on November 29, 1952 in Lansing, Michigan
Grew up in Lansing, Michigan; Mother worked in state government, father was a mechanical engineer
Began earning money as a teenager by fixing and reselling used televisions with his uncle
Excelled in high school debate at Lansing Sexton High School
Enrolled at Michigan State University to study mathematics but dropped out

Business Ventures and Investments

At age 19, became a real estate investor by purchasing a house for $6,500 in Lansing
Notable real estate investments include buying and renovating properties, auctioning federal properties, and selling an apartment building in Waco, TX
Founded Beal Bank in Dallas in 1988, expanded to Las Vegas in 2004
Acquired distressed assets, such as power generation bonds during the Enron crisis, aircraft-backed debt after 9/11, and real estate loans during the 2008 global credit crisis
Engaged in space privatization with Beal Aerospace in 1997, focused on building rockets for communication satellites but closed operations in 2000

Philanthropy

Donated millions to support science and math initiatives
Title sponsor for annual science and engineering fairs in Dallas and South Nevada
Donated $1 million to the Perot Museum of Nature and Science in Dallas
Contributed over 200 computers to the Dallas Independent School District

Amateur Mathematics

Self-taught number theorist known for the Beal Conjecture, a generalization of Fermat's Last Theorem
Funded a $1 million standing prize for the proof or disproof of the Beal Conjecture
Prize funds held in trust by the American Mathematical Society

Poker

Participated in high-stakes poker games in Las Vegas between 2001 and 2004
Won $11.7 million in a single poker hand at the Las Vegas Bellagio in 2004
Returned to Las Vegas in 2006, engaged in high-stakes matches with 'The Corporation,' experiencing both wins and losses

How long would it take you to become as rich as Andrew Beal?

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 Andrew Beal's net worth of $11.8B.

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.

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

Andrew Beal 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 Andrew Beal, Banks and Real Estate are the primary sources. 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