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Grizzly Bulls’ Billionaires Index

⬅ # 397 Niels Peter Louis-Hansen|# 399 David Siegel ➡

# 398 John Overdeck 

$7.09B

Real Time Net Worth
as of 7/25/2024

# 398 John Overdeck 

$7.09B

Real Time Net Worth
as of 7/25/2024
OccupationCo-Founder & Co-Chair, Two Sigma
Source of WealthHedge Funds
Age54
ResidenceMillburn, New Jersey
Marital StatusMarried
Children3
EducationBS, Stanford University; MS, Stanford University
Age-Adjusted Net Worth$10.6B
John Overdeck
John Overdeck
United States
Net worth: $7.09B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

John Albert Overdeck was born in 1969 in the United States.
He attended Wilde Lake High School in Columbia, Maryland.
At the age of 16, Overdeck won a silver medal at the International Mathematical Olympiad in 1986.
He pursued higher education at Stanford University, earning both a bachelor's degree in mathematics and a master's degree in statistics.
Before co-founding Two Sigma Investments, Overdeck held positions at D.E. Shaw & Co. and Amazon.com.

Career and Business Ventures

In 2001, Overdeck co-founded Two Sigma Investments alongside David Siegel and Mark Pickard.
Two Sigma Investments, based in New York City, is a prominent hedge fund known for its use of advanced technological methods in trading strategies.
The company has diverse operations including market-making, owning a Bermuda reinsurance company, and running a venture capital arm.

Philanthropy

In 2011, John Overdeck and his wife Laura established the Overdeck Family Foundation, focusing on educational research and STEM education.
The foundation aims to enhance learning both in and out of school for American children, with a particular emphasis on early impact, exceptional educators, innovative schools, and inspired minds.
They have supported various initiatives including funding educational programs at the Robin Hood Foundation, supporting the Harlem Children's Zone, and contributing to the Khan Academy.
The Overdeck Family Foundation has made significant donations to educational research, including a $1 million gift to the Woodrow Wilson School of Public and International Affairs in 2018.
Another notable pledge was $3 million to Opportunity Insights, a research institute at Harvard University focusing on economic mobility.

Personal Life

John Overdeck married Laura Bilodeau in 2002, who later founded Bedtime Math.
They have three children and reside in Millburn, New Jersey.
In 2022, Laura Overdeck initiated divorce proceedings citing 'irreconcilable differences', sparking media attention due to the absence of a prenuptial agreement.
Laura Overdeck also raised concerns over the transfer of family assets into trusts, alleging attempts to conceal assets.
John Overdeck has participated in events like the 2019 National Museum of Mathematics's Masters Tournament, where he placed third.

Board Memberships

Overdeck serves as acting chair of the National Museum of Mathematics and is a director of the Robin Hood Foundation.
He is also on the board of trustees of the Institute for Advanced Study and a board member of the Hamilton Insurance Group.

How long would it take you to become as rich as John Overdeck?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach John Overdeck's net worth of $7.09B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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John Overdeck 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 John Overdeck, Hedge Funds 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