⬅ # 499 Blair Parry-Okeden|# 501 Annette Lerner

# 500 Jim Kennedy 

$5.96B

Real Time Net Worth
as of 6/12/2024

# 500 Jim Kennedy 

$5.96B

Real Time Net Worth
as of 6/12/2024
OccupationChair, Cox Enterprises
Source of WealthMedia, Automotive
Age76
ResidenceAtlanta, Georgia
Marital StatusMarried
Children3
EducationBS, University of Denver
Age-Adjusted Net Worth$2.02B
Jim Kennedy
Jim Kennedy
United States
Net worth: $5.96B

Self-Made Score 

Wealth History

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Biography

Early and Personal Life

James Cox Kennedy was born on November 29, 1947, in Honolulu, Territory of Hawaii, to Barbara Cox Anthony and Stanley C. Kennedy Jr.
He is the grandson of James M. Cox, founder of Cox Enterprises, who also served as the governor of Ohio and was a prominent media figure.
Kennedy's sister is Blair Parry-Okeden, the second-richest woman in Australia.
He earned his bachelor's degree in business administration from the University of Denver in 1970 and received honorary doctorates from Kennesaw State University in 2003 and Colorado State University in 2018.
Kennedy resides in Atlanta with his wife, Sarah, and has three children and three grandchildren.

Career

Kennedy inherited a 25% stake in Cox Enterprises following his mother's death in 2007, becoming the chair of Cox Enterprises.
Beginning his career with Cox Enterprises in 1972, Kennedy held various roles in media, starting as a production assistant and advancing to executive positions.
He served as CEO of Cox Enterprises from 1988 to 2008, during which time the company's revenue soared from $1.8 billion to $20 billion.
Kennedy is currently the chairman emeritus of Cox Enterprises, having served as chairman from 2008 to 2021.
In 2016, Kennedy was inducted into the Technology Hall of Fame by the Technology Association of Georgia.
Forbes magazine profiled Kennedy in 2015, focusing on his expertise in preserving and growing a family business.

Philanthropy and Community Involvement

Recognized as Philanthropists of the Year by the Greater Atlanta Chapter of the Association for Fund-raising Professionals in 2003.
Established the Jim Kennedy Scholarship Fund, providing educational support for children of Cox employees.
Endowed various educational chairs and institutes, including the James C. Kennedy Institute for Educational Success at the University of Denver and the James C. Kennedy Endowed Chair in Waterfowl and Wetlands Conservation at Mississippi State University.
Contributed to wildlife conservation efforts through donations and involvement with organizations like Ducks Unlimited and Wetlands America Trust.
Donated generously towards cancer research and initiatives, including a $25 million grant to Emory University for prostate cancer initiatives.

Controversy

Engaged in a legal dispute over public access to an 8-mile stretch of river on his property in Montana, culminating in a ruling against Kennedy by the Montana Supreme Court.

How long would it take you to become as rich as Jim Kennedy?

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Jim Kennedy's net worth of $5.96B.

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 43.45% compared to 12.43% for the S&P 500 benchmark.

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Jim Kennedy 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 Jim Kennedy, 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