⬅ # 369 Sri Prakash Lohia|# 371 Alain Bouchard

# 370 Dan Friedkin 

$7.38B

Real Time Net Worth
as of 4/23/2024

# 370 Dan Friedkin 

$7.38B

Real Time Net Worth
as of 4/23/2024
OccupationCEO and Owner, The Friedkin Group
Source of WealthToyota Dealerships
Age59
ResidenceHouston, Texas
Marital StatusMarried
Children4
EducationBS, Georgetown University; MBA, Rice University
Age-Adjusted Net Worth$7.90B
Dan Friedkin
Dan Friedkin
United States
Net worth: $7.38B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Dan Friedkin was born in San Diego, California, in 1965.
He earned a bachelor's degree from Georgetown University and a master's from Rice University.

Career

At age 35, Friedkin became the CEO of Gulf States Toyota and Friedkin Group.
Since 2013, he has been chairman of Auberge Resorts Collection, overseeing luxury resorts and vacation properties globally.
Friedkin co-formed 30WEST in 2017, providing capital and guidance to creative projects and companies.
In December 2019, he began negotiations to purchase A.S. Roma, finalizing the deal in August 2020 for $591 million.
He is the co-founder and principal at Imperative Entertainment, specializing in film, television, and documentaries.

Film Industry

Friedkin directed his first film, 'Lyrebird,' which premiered at the Telluride Film Festival in August 2019.
His film production studio produced 'Flowers Of The Killer Moon,' directed by Martin Scorsese, set for release in October 2023.
He has been involved in producing several notable films including 'The Square,' 'All the Money in the World,' and 'Dunkirk.'
Friedkin served as a producer on over a dozen Imperative Entertainment films.
He was also the director of the 2019 film 'The Last Vermeer.'

Entrepreneurship and Investments

Friedkin is the owner and CEO of The Friedkin Group and its subsidiary Gulf States Toyota.
He owns luxury hospitality management firm Auberge Resorts, with properties in Aspen and Cabo San Lucas.
In 2017, Friedkin co-formed 30WEST, which acquired majority ownership in Neon, the theatrical marketing and distribution company.
He started negotiations to purchase A.S. Roma in December 2019 and finalized the deal in August 2020.
Friedkin is involved in Imperative Entertainment, specializing in film, television, and documentaries.

Personal Life and Philanthropy

Friedkin is an avid golfer and owns Congaree Golf Course in South Carolina and Diamond Creek Golf Club in North Carolina.
He is the founder and chairman of the Air Force Heritage Flight Foundation and an active participant in aerobatic air shows.
Friedkin serves as chair of Project Recover, focusing on finding and repatriating Americans missing in action since World War II.
He is involved in conservation efforts through the Friedkin Conservation Fund, working to protect endangered wildlife areas in East Africa.
Friedkin is Chairman-Emeritus of the Texas Parks and Wildlife Commission and supports various conservation initiatives in Texas.
Friedkin is married to Debra Friedkin, and they have four children.

How long would it take you to become as rich as Dan Friedkin?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Dan Friedkin's net worth of $7.38B.

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 34.07% compared to 5.08% for the S&P 500 benchmark.

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

Dan Friedkin 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 Dan Friedkin, Toyota Dealerships 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