⬅ # 596 Igor Altushkin|# 598 Kenneth Dart

# 597 Andrew Currie 

$5.21B

Real Time Net Worth
as of 5/27/2024
-$370 (-0.00%)

# 597 Andrew Currie 

$5.21B

Real Time Net Worth
as of 5/27/2024
-$370 (-0.00%)
OccupationCEO, Ineos
Source of WealthChemicals
Age68
ResidenceLondon, United Kingdom
EducationBS, Cambridge University
Age-Adjusted Net Worth$3.04B
Andrew Currie
Andrew Currie
United Kingdom
Net worth: $5.21B

Self-Made Score 

Wealth History

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Biography

Early Life

Andrew Christopher Currie was born in December 1955 in Northern England.
He attended a grammar school before pursuing his higher education at Cambridge University, where he studied Natural Sciences.

Career

Currie commenced his career at BP Chemicals, where he spent 15 years in various technical and managerial positions.
In 1994, Currie assumed the role of director at Inspec Group, the former parent company of Ineos, overseeing sales and marketing.
Since 1999, Currie has served as a director at Ineos, holding a 20% stake in the company.
From 2008, Currie has held a directorial position at PQ Group Holdings Inc., a company in which Ineos holds a minority stake.

Financial and Business Ventures

Currie derives his wealth primarily from his minority ownership in Ineos, a multinational conglomerate headquartered in London.
Ineos, founded by billionaire James Ratcliffe, has grown to become the fourth largest chemical company globally.
Ineos has expanded its operations beyond chemicals into sectors like fuel, packaging, food, construction, automotive, pharmaceuticals, textiles, and professional sports.
In 2021, Ineos acquired two chemicals businesses from BP for $5 billion and formed petrochemical joint ventures with Sinopec worth over $7 billion.
In 2023, Ineos further expanded its portfolio by acquiring $1.4 billion worth of U.S. onshore oil and gas assets from Chesapeake Energy.

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

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Andrew Currie's net worth of $5.21B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

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Andrew Currie 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 Currie, Chemicals 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