⬅ # 665 Marian Ilitch|# 667 Tsai Hong-tu

# 666 Garrett Camp 

$4.74B

Real Time Net Worth
as of 6/24/2024
$14.8M (0.31%)

# 666 Garrett Camp 

$4.74B

Real Time Net Worth
as of 6/24/2024
$14.8M (0.31%)
OccupationCofounder and Chair, Uber Technologies
Source of WealthUber
Age45
ResidenceSan Francisco, California
Marital StatusIn Relationship
EducationMS, University of Calgary
Age-Adjusted Net Worth$13.1B
Garrett Camp
Garrett Camp
Canada
Net worth: $4.74B

Self-Made Score 

Wealth History

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Biography

Overview

Garrett Camp is a Canadian businessman, investor, and software engineer.
He is best known as the co-founder of Uber, the multinational transportation company providing ride-hailing services, food delivery, and freight transport, which he founded in 2009 with Travis Kalanick.
Camp also founded the web discovery tool StumbleUpon, later acquired by eBay in 2007 for $75 million.
He has made significant investments in various ventures and has been recognized with several awards for his innovation and entrepreneurship.

Early Life and Education

Born on October 4, 1978 and raised in Calgary, Alberta, Canada, Garrett Camp is the son of an economist father and an artist mother, both of whom later became home builders.
He graduated from the University of Calgary in 2001 with a bachelor's degree in electrical engineering.
Camp furthered his education by earning a master's degree in software engineering, focusing on collaborative systems, evolutionary algorithms, and information retrieval.

Career

In 2002, Camp co-founded StumbleUpon, the first personalized search engine platform, which was later acquired by eBay in 2007.
He worked on expanding and growing StumbleUpon until 2012 when he left the company.
In 2014, Camp founded Expa Labs to foster new company growth and reacquired StumbleUpon in 2015, later transitioning it to Mix through Expa Labs.
Camp's most notable venture is Uber, which he co-founded as UberCab in 2009, later renamed Uber. He served on Uber's board of directors until 2020 and continues as a board observer.
He has also made investments in companies like Prism Skylabs and BlackJet, an on-demand private aviation service.

Awards and Honors

Camp was named one of the Top Innovators under the age of 35 at Technology Review's Emerging Technologies Conference at MIT in 2007.
In 2008, he was recognized by Bloomberg Businessweek as one of Tech's Best Young Entrepreneurs.
His achievements at both StumbleUpon and Uber earned him honors at the Tribeca Disruptive Innovation Awards in 2013.

How long would it take you to become as rich as Garrett Camp?

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 Garrett Camp's net worth of $4.74B.

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.

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Garrett Camp 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 Garrett Camp, Uber 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