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Grizzly Bulls’ Billionaires Index

⬅ # 659 Ron Baron|# 661 Gigi Pritzker ➡

# 660 David Filo 

$4.93B

Real Time Net Worth
as of 5/3/2024
$25.1M (0.51%)

# 660 David Filo 

$4.93B

Real Time Net Worth
as of 5/3/2024
$25.1M (0.51%)
OccupationCofounder and Chief Yahoo, Yahoo!
Source of WealthYahoo
Age58
ResidencePalo Alto, California
Marital StatusMarried
Children1
EducationMS, Stanford University; BS, Tulane University
Age-Adjusted Net Worth$5.64B
David Filo
David Filo
United States
Net worth: $4.93B

Self-Made Score 

Wealth History

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Biography

Overview

David Filo, born on April 20, 1966, is an American billionaire businessman renowned as the co-founder of Yahoo! alongside Jerry Yang.
Filo's journey to wealth began with the creation of Yahoo!, a pioneering web portal that became a cornerstone of the early Internet era.
Yahoo!'s core business was sold to Verizon for $5 billion in cash in 2016, solidifying Filo's status as a billionaire.

Early Life and Education

David Robert Filo was born in Wisconsin and raised in Moss Bluff, Louisiana.
He earned a B.S. degree in computer engineering at Tulane University through the Dean's Honor Scholarship.
Filo furthered his education by obtaining an M.S. degree from Stanford University in 1990.

Career

In February 1994, Filo, along with Jerry Yang, launched 'Jerry and David's Guide to the World Wide Web,' later renamed 'Yahoo!'
Recognizing its vast business potential, Filo and Yang co-founded Yahoo! Inc., which quickly gained immense popularity.
Yahoo! began as a web portal and evolved into one of the leading internet brands, offering a diverse range of online services and products.
Filo's contributions include the development of the Filo Server Program, crucial for serving dynamic web pages on Yahoo!'s early website versions.

Philanthropy

In 2000, Filo and his wife Angela established the Yellow Chair Foundation, dedicated to supporting education, civil liberties, gender equality, and environmental causes.
He donated $30 million to Tulane University in 2004, earmarked for engineering and computer science scholarships.
The Filos have been significant benefactors of Stanford and Berkeley, supporting initiatives in sustainability, education, and journalism.

Personal Life

David Filo is married to Angela Buenning, a photographer and teacher, who graduated from Stanford and Berkeley.
The couple resides in Palo Alto, California, and has one child.

How long would it take you to become as rich as David Filo?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach David Filo's net worth of $4.93B.

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 37.51% compared to 7.78% for the S&P 500 benchmark.

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David Filo 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 David Filo, Yahoo 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