⬅ # 236 Viatcheslav Kantor|# 238 Michael Kim

# 237 Carl Cook 

$9.96B

Real Time Net Worth
as of 5/27/2024
-$477 (-0.00%)

# 237 Carl Cook 

$9.96B

Real Time Net Worth
as of 5/27/2024
-$477 (-0.00%)
OccupationCEO, Cook Group
Source of WealthMedical Devices
Age61
ResidenceBloomington, Indiana
Marital StatusMarried
Children1
EducationBS, Purdue University; MBA, Tippie School of Management
Age-Adjusted Net Worth$9.31B
Carl Cook
Carl Cook
United States
Net worth: $9.96B

Self-Made Score 

Wealth History

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Biography

Overview

Carl Cook was born on November 10, 1962, to William and Gayle Cook, the co-founders of the Cook Group.
He holds a bachelor's degree in engineering from Purdue University and earned an MBA from the University of Iowa.
After completing his education, Cook spent a year in France and Germany, setting up computers for the family's company, the Cook Group.
In his early career, he worked in various capacities at the Cook Group pacemaker division in Leechburg, Pennsylvania, and the Winston-Salem plant.
Upon the death of his father, William Cook, in 2011, Carl Cook assumed the role of CEO of the Cook Group, a medical device company.
The Cook Group, founded by his parents in 1963 in their Bloomington, Indiana apartment, grew into a $2.3 billion company.
Under Cook's leadership, the Cook Group made a significant business move in 2017 by selling its subsidiary, Cook Pharmica, to Catalent for $950 million.

Career Highlights

Carl Cook is not only the CEO but also the president of a life sciences division within the Cook Group known as Cook MyoSite.
Cook MyoSite is actively involved in the development of a cell therapy aimed at treating urinary incontinence.

Personal Life

On January 5, 2008, Carl Cook married Marcy Heshelman at the West Baden Springs Hotel.
He met Marcy while she was working in the auditing department of Cook Inc.
The couple resides in Bloomington, Indiana, and has a daughter.
Marcy Heshelman, originally from Greene County, Indiana, adds a personal touch to Cook's life.

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

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

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

Carl Cook 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 Cook, Medical Devices 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