⬅ # 362 Rahel Blocher|# 364 André Esteves

# 363 Douglas Leone 


Real Time Net Worth
as of 4/12/2024
-$73.9M (-0.98%)

# 363 Douglas Leone 


Real Time Net Worth
as of 4/12/2024
-$73.9M (-0.98%)
OccupationPartner, Sequoia
Source of WealthVenture Capital
ResidenceAtherton, California
Marital StatusMarried
EducationMS, Columbia University; BS, Cornell University; MBA, MIT Sloan School of Management
Age-Adjusted Net Worth$5.03B
Douglas Leone
Douglas Leone
United States
Net worth: $7.55B

Self-Made Score 

Wealth History

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Early Life and Education

Born on July 4, 1957, in Genoa, Italy; immigrated to the United States at age 11, settling in Mount Vernon, New York.
Earned a bachelor's degree in mechanical engineering from Cornell University in 1979.
Obtained a master's in industrial engineering from Columbia University's School of Engineering and Applied Science in 1986.
Achieved a master's degree in management from the MIT Sloan School of Management in 1988.

Career Path

Began career in sales and management at Sun Microsystems, Hewlett-Packard, and Prime Computer.
Joined Sequoia Capital in 1988, rising to managing partner in 1996 and global managing partner in 2012.
Led Sequoia's expansion into China and India, establishing the firm's presence in key markets.
Managed investments in companies like Aruba Networks, Hyperion/Arbor Software, Medallia, Rackspace, RingCentral, and ServiceNow.

Board Memberships

Served on the boards of companies such as ActionIQ, Cyera, Island, Nubank, strongDM, Trade Republic, and Wiz.

Transition and Current Role

Stepped aside as Sequoia's managing partner in 2022, retaining a role as a general partner in existing funds.
Roelof Botha replaced him as senior steward of global brand and operations in April 2022.
Renounced support for Donald Trump post-2021 Capitol riot.
Proposed leveraging connections to assist in TikTok sale to US corporation.

Personal Life and Philanthropy

Married to Patricia Perkins-Leone, residing in Atherton, California, with four children.
Sought to build an oceanfront home in Makena, Maui, Hawaii, facing legal challenges.
Donated $100,000 to support President Donald Trump's 2020 re-election campaign.
Engaged in philanthropic efforts.

How long would it take you to become as rich as Douglas Leone?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Douglas Leone's net worth of $7.55B.

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 36.27% compared to 8.51% for the S&P 500 benchmark.

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Douglas Leone 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 Douglas Leone, Venture Capital 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