⬅ # 428 Chen Bang|# 430 George Lucas

# 429 Edward Roski Jr 

$6.80B

Real Time Net Worth
as of 4/12/2024
$455 (0.00%)

# 429 Edward Roski Jr 

$6.80B

Real Time Net Worth
as of 4/12/2024
$455 (0.00%)
OccupationChair and President, Majestic Realty
Source of WealthReal Estate
Age85
ResidenceLos Angeles, California
Marital StatusWidowed
Children3
EducationBS, University of Southern California
Age-Adjusted Net Worth$1.25B
Edward Roski Jr
Edward Roski Jr
United States
Net worth: $6.80B

Self-Made Score 

Wealth History

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Biography

Overview

Edward P. Roski Jr. was born in 1938 in Oklahoma to Ed Roski Sr., who founded Majestic Realty in 1948 after serving in the U.S. Navy during WWII.
He graduated from the University of Southern California in 1962 with a bachelor's degree in real estate and finance, joining Majestic Realty in 1966.
Roski served in the United States Marine Corps, deployed to South Vietnam in 1965, where he was wounded and awarded a Bronze Star Medal and two Purple Hearts.
He received the Semper Fidelis award from the Marine Corps Scholarship Foundation in 2000 and founded the Land of the Free Foundation in 2007 to support veterans and their families.
Roski became a minority owner of the Los Angeles Kings in 1995 and the Los Angeles Lakers in 1998, contributing to their successes in winning championships.
He proposed stadium projects for NFL teams in Los Angeles and was involved in the construction of Allegiant Stadium for the Oakland Raiders before withdrawing from the project.

Philanthropy

Roski and his wife Gayle donated $23 million to USC's fine arts school in 2006, and $25 million to the Keck School of Medicine's eye institute in 2016.
He established the Majestic Realty Foundation in 2002, focusing on community outreach programs with annual grants exceeding $2 million.
Roski served as Chairman and trustee of the USC board of directors, supporting various educational and cultural institutions in Los Angeles.
He has contributed to organizations such as the Los Angeles County Museum of Art, the Bowers Museum, and Loyola High School.
His philanthropic efforts also extend to veterans' causes, as demonstrated by his significant contributions to the Land of the Free Foundation.

Personal Life and Interests

Married to Gayle Garner Roski until her passing in 2020, they had three children and resided in Toluca Lake, Los Angeles.
Roski has engaged in adventurous activities including bicycling across countries like Ireland and Mongolia, visiting the wreck of the RMS Titanic, and deep diving in New Guinea.
He has also undertaken mountaineering expeditions to base camps at Mount Everest, K2, and Mount Kilimanjaro.
Roski holds an honorary director position at The Explorers Club and is involved in the National Geographic Society's executive committee.
An avid art collector, he focuses on African art, Indigenous Australian art, and artifacts from Oceania, contributing to exhibits like 'Spirits and Headhunters' at the Bowers Museum.

How long would it take you to become as rich as Edward Roski Jr?

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 Edward Roski Jr's net worth of $6.80B.

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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Edward Roski Jr 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 Edward Roski Jr, Real Estate 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