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Grizzly Bulls’ Billionaires Index

⬅ # 288 Li Shuirong|# 290 Richard Kinder ➡

# 289 Carl Bennet 

$8.84B

Real Time Net Worth
as of 7/25/2024
$56.1M (0.63%)

# 289 Carl Bennet 

$8.84B

Real Time Net Worth
as of 7/25/2024
$56.1M (0.63%)
OccupationChair, Getinge; Chair, Elanders
Source of WealthInvestments
Age72
ResidenceGothenberg, Sweden
Marital StatusMarried
Children1
EducationMBA, University of Gothenburg
Age-Adjusted Net Worth$3.92B
Carl Bennet
Carl Bennet
Sweden
Net worth: $8.84B

Self-Made Score 

Wealth History

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Biography

Early Life

Carl Reinhold Adolf Bennet was born on August 19, 1951, in Helsingborg, Sweden.
He holds a bachelor's degree in economics and earned an MBA from the University of Gothenburg in 1976.
Carl Bennet is a member of the Swedish noble family Bennet and holds the title of baron (friherre).

Early Career and Education

In 1976, Carl Bennet accepted a position at Kockums and later at Electrolux.
He became CEO of Electrolux in Alingsås from 1982 to 1988.
During this period, he made investments in companies like Trelleborg.
He purchased Getinge AB from Electrolux in 1989 with Rune Andersson, serving as CEO.
In 2006, he co-founded HealthInvest Partners AB, specializing in healthcare investments.

Key Business Ventures

Carl Bennet founded Carl Bennet AB in 1989.
He acquired Getinge AB from Electrolux in the same year.
Within six months, Getinge turned a profit under his leadership.
Getinge was listed on the stock exchange in 1993.
In 2013, Getinge became a subsidiary of Carl Bennet AB through a new accounting principle, IFRS.
In 2017, Getinge's Patient- and Post Acute Care business was distributed to shareholders, listed as Arjo.

Acquisitions and Spin-Offs

Getinge acquired Arjo in 1995, expanding its medical sector offerings.
Lifco was spun off from Getinge in 1998.
Lifco was wholly acquired by Carl Bennet AB in 2000.
In 2006, Lifco expanded successfully after acquiring Sorb Industri AB.
In 2014, 49.9% of Lifco's shares were sold in a public offering, listing on Nasdaq Stockholm.
In 2018, Carl Bennet AB expanded its investments in both Getinge AB and Arjo AB.

Strategic Investments

In 1997, Carl Bennet AB became the majority owner of Getinge and Elanders AB.
In 2016, Carl Bennet AB invested in BICO Group (formerly Cellink AB).
In 2018, Carl Bennet AB expanded its investments in Getinge AB and Arjo AB.
Carl Bennet AB invested in the fund company HealthInvest Partners AB in 2006.
In 2020, Carl Bennet AB sold all shares in Symbrio AB to the Canadian Volaris Group.
In 2018, Carl Bennet AB expanded its investments in both Getinge AB and Arjo AB.

How long would it take you to become as rich as Carl Bennet?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Carl Bennet's net worth of $8.84B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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

Carl Bennet 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 Carl Bennet, Investments 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