⬅ # 778 Steven Udvar-Hazy|# 780 Gordon Getty

# 779 Bertil Hult 

$4.23B

Real Time Net Worth
as of 5/18/2024

# 779 Bertil Hult 

$4.23B

Real Time Net Worth
as of 5/18/2024
OccupationFounder, EF Education First
Source of WealthEducation
Age83
ResidenceLucerne, Switzerland
Marital StatusMarried
Children4
Age-Adjusted Net Worth$892.52M
Bertil Hult
Bertil Hult
Sweden
Net worth: $4.23B

Self-Made Score 

Wealth History

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Biography

Overview

Bertil Hult is a Swedish billionaire renowned for founding EF Education First (EF) in 1965 and being the patron of Hult International Business School.
He became wealthy by establishing EF at 23, initially organizing language study trips for Swedish high school students in the UK, later expanding to educational travel and language training globally.
Today, EF operates in 111 countries and is managed by his sons, Philip as chairman and Edward as CEO of North America.
Under Hult's leadership, EF became a multi-billion dollar corporation with over 40,000 employees, offering diverse educational programs and services worldwide.

Early Life and Education

Bertil Hult was born on February 10, 1941 in Stockholm and struggled with dyslexia as a child.
He dropped out of school after junior high and worked in London, where he learned English through immersion.
Despite initially dropping out, he later resumed studies at Lund University but dropped out again after one year.
His conviction in immersion learning stemmed from his dyslexia struggles and experiences in London.

Career

Founded EF Education First in 1965 at age 23 in the basement of his university dormitory in Lund, Sweden.
Started EF to provide language study and travel abroad initially for Swedish high school students.
Served as CEO until 2002 and as chairman until 2008, overseeing EF's expansion into a multi-billion dollar corporation.
EF now offers diverse educational programs, operates 500 schools, and has over 40,000 employees in 53 countries.
Hult's involvement also includes the establishment of Hult International Business School, formerly Arthur D. Little School of Management.

Charity Work

Involved in charities combating drug abuse and supporting dyslexia education.
Co-founded the Geneva-based Mentor Foundation focused on drug prevention and serves as a trustee.
Established the Bertil Hult Prize for Swedish schools supporting dyslexia education.
Sponsors the Hult Prize, a $1 million award for a global business school case competition supported by the UN.
Founded EF's Global Classroom Foundation, aiding in rebuilding elementary schools in troubled areas.

Personal Life

Married to Lisbeth Hult since 1974, residing in Lucerne, Switzerland.
Has four sons, two of whom, Philip and Eddie, play key roles in leading EF Education First.

How long would it take you to become as rich as Bertil Hult?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Bertil Hult's net worth of $4.23B.

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 42.76% compared to 11.89% for the S&P 500 benchmark.

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Bertil Hult 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 Bertil Hult, Education 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