⬅ # 275 Beto Sicupira|# 277 Rodolphe Saadé

# 276 Eric Wittouck 

$8.90B

Real Time Net Worth
as of 6/24/2024

# 276 Eric Wittouck 

$8.90B

Real Time Net Worth
as of 6/24/2024
OccupationFounder, Artal Group
Source of WealthInvestments
Age77
ResidenceMonaco
Marital StatusMarried
Age-Adjusted Net Worth$2.82B
Eric Wittouck
Eric Wittouck
Belgium
Net worth: $8.90B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Eric Wittouck was born on October 5, 1946, into the distinguished Wittouck family, descendants of the Seven Noble Houses of Brussels, renowned for their contributions to high industry and magistracy.
In his thirties, Wittouck inherited the Tiense Suiker fortune, becoming a major shareholder in the family-run business, which was founded by his ancestors.
During the 1980s, Wittouck demonstrated strategic acumen by selling Tiense Suiker to Südzucker, a German sugar conglomerate, for a remarkable $1.5 billion, marking the beginning of his entrepreneurial journey.

Artal Group and Investments

The Artal Group, founded by Eric Wittouck, boasts a diverse portfolio spanning various industries.
Notable investments under Artal Group include praline manufacturer Neuhaus, fast-food chain Pizza Hut, Ghent biotech firm Plant Genetic Systems, and the globally renowned diet company Weight Watchers.
Wittouck's strategic decision-making led to the sale of his shares in Blue Buffalo to General Mills in 2018, yielding a substantial profit of $3.5 billion.

Weight Watchers Investment

In 1999, Wittouck acquired the diet company Weight Watchers for over $700 million, a move that proved to be lucrative.
The value of Wittouck's investment in Weight Watchers soared when TV celebrity Oprah Winfrey purchased 10% of the shares in 2015.
Currently, Wittouck retains a significant 20% stake in Weight Watchers, demonstrating his enduring faith in the company's potential.

How long would it take you to become as rich as Eric Wittouck?

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 Eric Wittouck's net worth of $8.90B.

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 48.35% compared to 16.28% for the S&P 500 benchmark.

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

Eric Wittouck 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 Eric Wittouck, Investments 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