⬅ # 225 Marcel Telles|# 227 Graeme Hart ➡

# 226 Anthony Pratt 

$9.96B

Real Time Net Worth
as of 7/2/2024
$351 (0.00%)

# 226 Anthony Pratt 

$9.96B

Real Time Net Worth
as of 7/2/2024
$351 (0.00%)
OccupationChair, Visy Industries
Source of WealthManufacturing
Age64
ResidenceMelbourne, Australia
Children2
EducationBA/Economics, Monash University
Age-Adjusted Net Worth$7.59B
Anthony Pratt
Anthony Pratt
Australia
Net worth: $9.96B

Self-Made Score 

Wealth History

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Biography

Biographical Information

Anthony Joseph Pratt, born on April 11, 1960, is an Australian businessman.
He is the executive chairman of Visy Industries, the world's largest privately owned packaging and paper company.
Pratt is the heir to Richard Pratt, the former chair of Visy Industries, and Leon Pratt, the co-founder of the company in 1945.

Early Life and Education

Born in Melbourne, Victoria, to Polish-Jewish immigrants Richard Pratt and Jeanne Pratt AC.
Siblings include Heloise Waislitz and Fiona Geminder.
Attended Mount Scopus Memorial College and graduated from Monash University with a Bachelor of Economics (Hons) in 1982.

Business Career

Joined McKinsey & Co in 1982 before transitioning to Visy Industries, initially as joint general manager and later as deputy chairman.
Led Visy Industries' US expansion, growing company revenues from US$100 million in 1991 to US$3 billion in 2016.
Returned to Australia in 2009 as executive chairman of Visy after his father's death.
Advocated for sustainable agriculture, food security, and water issues.
Completed significant deals, including the acquisition of Owens Illinois in 2020 for $1 billion.
Pledged $2 billion in 2021 to increase the recycled content of Australian glass bottles and build clean energy plants.
Announced a $500 million paper mill in Henderson, Kentucky, in July 2021.

Recent Business Ventures

In November 2021, opened a $150 million state-of-the-art box factory in Carlisle with Pennsylvania Governor Tom Wolf.
Welcomed U.S. Governors John Bel Edwards and Laura Kelly to his factories in 2022.
Broke ground on a $500 million glass recycling factory outside Brisbane, Qld, in 2022.

How long would it take you to become as rich as Anthony Pratt?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Anthony Pratt'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 48.24% compared to 16.19% for the S&P 500 benchmark.

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

Anthony Pratt 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 Anthony Pratt, Manufacturing 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