⬅ # 790 Johnelle Hunt|# 792 Jian Yao

# 791 James Chambers 

$4.05B

Real Time Net Worth
as of 7/12/2024

# 791 James Chambers 

$4.05B

Real Time Net Worth
as of 7/12/2024
OccupationPartial Owner, Cox Enterprises
Source of WealthMedia, Automotive
Age67
ResidencePalisades, New York
Marital StatusMarried
Children2
EducationBS, Bard College
Age-Adjusted Net Worth$2.52B
James Chambers
James Chambers
United States
Net worth: $4.05B

Self-Made Score 

Wealth History

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Biography

Overview

James Cox Chambers, born in 1956 or 1957, is an American billionaire heir known for his stake in Cox Enterprises, renewable energy ventures, farming, and filmmaking.
He inherited about 17% of Cox Enterprises, a conglomerate founded by his grandfather, James M. Cox, which includes media, communications, and automotive businesses.

Early Life

Born to Anne Cox Chambers, former US Ambassador to Belgium, and grandson of James M. Cox, a newspaper publisher and three-time Governor of Ohio.
He graduated from Bard College in 1982.

Career

Chambers is involved in renewable energy, biodynamic farming, and filmmaking.
He co-owns the Atlanta Hawks and is a publisher of Atlanta's Constitution and Journal newspapers.
Serves as Chair on the Board of Trustees of Bard College and is on the board of directors for Communities in Schools.
He appeared in the 1984 film Alphabet City.

Wealth

Inherited approximately 17% stake in Cox Enterprises from his mother in 2015.

Personal Life

Married Lauren Hamilton in 1982, with whom he has a son named James 'Jim' Cox Chambers Jr., also known as Fergie.
In 2004, he married Nabila Khashoggi, with whom he has a son, residing in Palisades, New York, US.

How long would it take you to become as rich as James Chambers?

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 James Chambers's net worth of $4.05B.

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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James Chambers 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 James Chambers, Media and Automotive are the primary sources. 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