⬅ # 252 Andrei Guryev|# 254 Sandra Ortega Mera

# 253 Francine von Finck 

$9.32B

Real Time Net Worth
as of 7/12/2024
-$3.2M (-0.03%)

# 253 Francine von Finck 

$9.32B

Real Time Net Worth
as of 7/12/2024
-$3.2M (-0.03%)
OccupationHeiress, Merck Finck Privatbankiers
Source of WealthInvestments
Age79
ResidenceThurgau, Switzerland
Marital StatusWidowed
Children4
Age-Adjusted Net Worth$2.58B
Francine von Finck
Francine von Finck
Germany
Net worth: $9.32B

Self-Made Score 

Wealth History

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Biography

Francine von Finck inherited her fortune from her late husband and their father, August von Finck, who passed away at 91 in November 2021.
August von Finck Sr. inherited a business started by his grandfather, Wilhelm von Finck, in 1870, which included Merck Finck & Co. private bank.
August's business empire spawned Loewenbraeu breweries and insurers Munich Re and Allianz.
August sold Merck Finck and the Allianz shares to Barclays Bank in 1990 and reinvested the proceeds in a diverse portfolio.
The von Finck family is known for their discretion and privacy, rarely participating in public events or interviews.
The von Finck family had established Merck Finck & Co., a privately owned bank, in 1870, which they eventually sold in the late 1990s.

How long would it take you to become as rich as Francine von Finck?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Francine von Finck's net worth of $9.32B.

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 51.86% compared to 19.03% for the S&P 500 benchmark.

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Francine von Finck 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 Francine von Finck, 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