⬅ # 387 Edythe Broad|# 389 Kirsten Rausing

# 388 Judy Faulkner 

$7.12B

Real Time Net Worth
as of 4/20/2024

# 388 Judy Faulkner 

$7.12B

Real Time Net Worth
as of 4/20/2024
OccupationFounder & CEO, Epic Systems
Source of WealthHealthcare Software
Age80
ResidenceMadison, Wisconsin
Marital StatusMarried
Children3
EducationBS, Dickinson College; MS, University of Wisconsin
Age-Adjusted Net Worth$1.84B
Judy Faulkner
Judy Faulkner
United States
Net worth: $7.12B

Self-Made Score 

Wealth History

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Biography

Early Life

Judith R. Faulkner was born on August 11, 1943, in Cherry Hill, New Jersey, to Louis and Del Greenfield.
She was inspired by her parents' involvement in healthcare; her father was a pharmacist, and her mother directed Oregon Physicians for Social Responsibility.
Faulkner graduated from Moorestown Friends School in 1961.
She earned a bachelor's degree in mathematics from Dickinson College and a master's degree in computer science from the University of Wisconsin–Madison.

Career

Founded Epic Systems (originally Human Services Computing) in 1979 with Dr. John Greist, starting with a $70,000 investment.
Epic Systems has never accepted venture capital, made acquisitions, or gone public, remaining a privately held company.
Epic Systems develops all its software in-house and has never acquired another company.
The company, headquartered in Verona, Wisconsin, supports medical records for over 250 million patients.
Faulkner and her family own 47% of Epic Systems, valuing the company at $4.6 billion (2022 sales).
She has been recognized as one of Forbes' America's Top 50 Women In Tech in 2018.

Personal Life

Judy Faulkner resides in Madison, Wisconsin, with her husband, Dr. Gordon Faulkner, a pediatrician.
The couple has three children.
In 2015, Faulkner signed The Giving Pledge, committing to donate 99% of her assets to philanthropy.

How long would it take you to become as rich as Judy Faulkner?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Judy Faulkner's net worth of $7.12B.

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 34.07% compared to 5.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Judy Faulkner 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 Judy Faulkner, Healthcare Software 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