⬅ # 499 Todd Boehly|# 501 Michael Moritz ➡

# 500 Mark Walter 

$5.98B

Real Time Net Worth
as of 7/25/2024

# 500 Mark Walter 

$5.98B

Real Time Net Worth
as of 7/25/2024
OccupationCEO, Guggenheim Partners
Source of WealthFinance, Asset Management
Age64
ResidenceChicago, Illinois
Marital StatusMarried
Children1
EducationBS, Creighton University; JD, Northwestern University
Age-Adjusted Net Worth$4.56B
Mark Walter
Mark Walter
United States
Net worth: $5.98B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Mark Walter was born in Cedar Rapids, Iowa.
He graduated from Cedar Rapids Jefferson High School.
Walter attended Creighton University.
He earned his Juris Doctor degree from Northwestern University.

Business Ventures

In 1996, Walter co-founded Liberty Hampshire Company, LLC in Chicago.
Walter helped found Guggenheim Partners in 2000.
He served as the CEO of Guggenheim Partners.
Walter led the acquisition of the Los Angeles Dodgers in 2012.
He owns the Los Angeles Sparks basketball team.
Walter and partners purchased the Premier Hockey Federation in 2023.

Investments

Walter has personal stakes in Beyond Meat and Carvana.
He purchased several buildings in Crested Butte, Colorado, in 2021.
Guggenheim Partners acquired Claymore Group, Wellmark division, Security Benefit Corp, EquiTrust, and others.
Under Walter's leadership, Guggenheim Partners diversified its investment portfolios.
The firm has expanded globally, opening representative offices in Tokyo and acquiring operations in London.
Guggenheim Partners backed the $1 billion merger between Bright Lights and Manscaped in 2021.

Philanthropic Activities

Walter serves as a trustee or director of organizations like the Solomon R. Guggenheim Foundation, Northwestern University, and the Field Museum.
He made significant political contributions to the Democratic National Committee and Obama for America in 2011.

Guggenheim Partners Overview

The firm is headquartered in New York City and Chicago.
Guggenheim Partners was founded in 2000.
It has over $310 billion of assets under management.
Guggenheim Partners offers investment banking, asset management, capital markets, and insurance services.
The firm faced SEC scrutiny for compliance issues and settled in 2015.

How long would it take you to become as rich as Mark Walter?

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 Mark Walter's net worth of $5.98B.

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

Mark Walter 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 Mark Walter, Finance and Asset Management 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