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Grizzly Bulls’ Billionaires Index

⬅ # 412 Francis Choi|# 414 Nadia Thiele ➡

# 413 Jean Salata 

$7.04B

Real Time Net Worth
as of 6/29/2024
$45.0M (0.64%)

# 413 Jean Salata 

$7.04B

Real Time Net Worth
as of 6/29/2024
$45.0M (0.64%)
OccupationFounder and CEO, EQT Private Capital Asia
Source of WealthFinance
Age58
ResidenceHong Kong, Hong Kong
Marital StatusMarried
Children4
EducationBachelor of Business Administration, University of Pennsylvania, The Wharton School
Age-Adjusted Net Worth$8.05B
Jean Salata
Jean Salata
Chile
Net worth: $7.04B

Self-Made Score 

Wealth History

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Biography

Early Life and Family

Jean Eric Salata, born on December 22, 1965, is a Chilean businessman based in Hong Kong.
Salata's family roots trace back to Austria, Poland, and Germany, with parents who sought refuge from Nazism in the 1930s.
He moved to Erie, Pennsylvania, at the age of five.
Salata graduated magna cum laude with a Bachelor of Science in Finance and Economics from the Wharton School of the University of Pennsylvania in 1988.
He has been married to Melanie Pong, a Hong Kong native, whom he met while studying at the University of Pennsylvania, and they have four children.
Salata's father, Orlando, was an architect who passed away in May 2009, and he has a brother named Maurice who is also an architect.

Career

After graduation, Salata worked for Bain & Company before moving to Hong Kong in 1989.
In 1991, he joined the investment arm of AIG, turning down an offer to attend Harvard Business School.
Salata co-founded Baring Private Equity Asia (BPEA) in 1997 and led a management buyout of the firm in 2000.
He played a significant role in growing BPEA and, in 2022, sold it to EQT Partners, doubling his net worth to $5.9 billion.
Salata now heads the combined Asian operations of Baring and EQT, known as EQT Private Capital Asia, and sits on EQT's executive committee.
In February 2021, Salata donated $5 million to Cathedral Preparatory School, and in June 2022, he and Melanie donated $200 million to establish the Salata Institute for Climate and Sustainability at Harvard University.

EQT Private Capital Asia Overview

EQT Private Capital Asia, formerly Baring Private Equity Asia, was founded in 1997 and acquired by EQT Partners in 2022.
It operates primarily in the Asia Pacific region, focusing on private equity, real estate, and credit investments.
The firm has raised significant capital through various funds, including those for private equity, real estate, and credit investments.
With offices in major Asian cities, EQT Private Capital Asia has established a strong presence in the region.
The firm has been involved in notable transactions, including acquisitions and exits in various sectors.

Notable Transactions

In 2011, EQT Private Capital Asia sold Hsu Fu Chi to Nestlé in a $1.7 billion deal.
In 2016, it acquired the Intellectual Property & Science business of Thomson Reuters for $3.55 billion.
In 2017, Post Holdings acquired Weetabix Limited from EQT Private Capital Asia for $1.4 billion.
In 2021, EQT Private Capital Asia acquired Virtusa for $2 billion.
In April 2023, it agreed to purchase IMG Academy from Endeavor for $1.25 billion.
In July 2023, EQT Private Capital Asia merged Vistra and Tricor in a $6.5 billion deal.

How long would it take you to become as rich as Jean Salata?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Jean Salata's net worth of $7.04B.

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 48.24% compared to 16.19% for the S&P 500 benchmark.

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Jean Salata 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 Jean Salata, Finance 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