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Grizzly Bulls’ Billionaires Index

⬅ # 204 Charoen Sirivadhanabhakdi|# 206 Alexander Gerko ➡

# 205 Ken Fisher 

$10.8B

Real Time Net Worth
as of 7/25/2024

# 205 Ken Fisher 

$10.8B

Real Time Net Worth
as of 7/25/2024
OccupationFounder and Chair, Fisher Investments
Source of WealthMoney Management
Age73
ResidenceDallas, Texas
Marital StatusMarried
Children3
EducationBS, Humboldt State University
Age-Adjusted Net Worth$4.47B
Ken Fisher
Ken Fisher
United States
Net worth: $10.8B

Self-Made Score 

Wealth History

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Biography

Overview

Kenneth Lawrence Fisher was born on November 29, 1950, in San Francisco, California, to influential stock investor Philip A. Fisher.
As a 13-year-old, Fisher earned $1.20 an hour picking fruit, sawing, and fertilizing in San Mateo County, California.
He dropped out of high school, considering it a waste of time, and pursued higher education at Humboldt State University, graduating with an associate degree in economics in 1972.
Fisher is the founder and executive chairman of Fisher Investments, which he established in 1979 with $250, and now manages over $197 billion in assets.
He co-founded Grüner Fisher Investments in Germany in 2007.
Fisher has authored eleven books on investing, six of which became national best sellers, and he contributes to publications like USA Today and the Financial Times.

Career and Achievements

Fisher helped Fisher Investments grow into one of the largest independent money managers globally, starting with $250 in 1979 and reaching over $100 billion in assets by 2015.
He served as CEO of Fisher Investments until July 2016, when he transitioned to the role of executive chairman and co-chief investment officer.
Fisher's investment philosophy, including the use of the price-to-sales ratio (PSR), has been influential in the field of behavioral finance.
He is recognized for his long-standing Forbes column 'Portfolio Strategy,' which ran from 1984 to 2017, making him the longest continuously-running columnist in Forbes history.
Fisher was included in Investment Advisor magazine's '30 for 30' list of the 30 most influential people in the investment advisory business in 2010.
He received the Distinguished Alumni Award from Humboldt State University in 2007 and was appointed to the board of advisors of the Forbes School of Business at Ashford University in 2015.

Personal Life and Philanthropy

Fisher resides in Dallas, Texas, with his wife and three adult sons, one of whom holds a senior executive position at Fisher Investments.
His passion for redwood ecology, stemming from his childhood near redwood logging camps in San Mateo, led him to endow the Kenneth L. Fisher Chair in Redwood Forest Ecology at Humboldt State with a $3.5 million donation in 2006.
Fisher and his wife contributed $7.5 million to Johns Hopkins University to establish the Sherrilyn and Ken Fisher Center for Environmental Infectious Diseases in 2012.
The philanthropic efforts focus on supporting research in redwood ecology and environmental infectious diseases, aiming to advance understanding in these fields.
Fisher's ongoing study of redwood ecology includes canopy studies and is driven by a desire to transform our understanding of trees and forests.
He maintains a personal library with over 3000 volumes on regional logging history.

Controversy and Impact

Fisher faced criticism in October 2019 for remarks made during a conference, which led to the withdrawal of significant investments from Fisher Investments.
Michigan withdrew its $600 million pension fund from Fisher Investments, followed by Boston pulling their $248 million pension fund due to Fisher's comments.
Other repercussions included Fidelity reviewing its $500 million assets managed by Fisher and Philadelphia's pension board terminating its relationship with Fisher Investments.
Within weeks of the incident, Fisher Investments lost over $2.7 billion as several institutional clients severed ties with the firm.
The controversy prompted Fisher Investments to take action towards addressing diversity and inclusion within the organization, with the firm's CEO acknowledging Fisher's comments as wrong.
Reports suggested that Fisher's behavior was not an isolated incident and that derogatory remarks had been made by Fisher on multiple occasions.

How long would it take you to become as rich as Ken Fisher?

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 Ken Fisher's net worth of $10.8B.

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.

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

Ken Fisher 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 Ken Fisher, Money Management 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