⬅ # 147 Robert Kuok|# 149 Judy Love

# 148 Michael Platt 

$14.1B

Real Time Net Worth
as of 5/18/2024

# 148 Michael Platt 

$14.1B

Real Time Net Worth
as of 5/18/2024
OccupationFounder, BlueCrest Capital Management
Source of WealthHedge Funds
Age56
ResidenceGeneva, Switzerland
EducationBS, London School of Economics; BS, London School of Economics
Age-Adjusted Net Worth$18.4B
Michael Platt
Michael Platt
United Kingdom
Net worth: $14.1B

Self-Made Score 

Wealth History

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Biography

Personal Info

Michael Edward Platt, born on March 18, 1968, in Preston, Lancashire, England, is a British billionaire hedge fund manager.
Raised by a father who was a civil engineering professor and a mother who worked in university administration, Platt's early exposure to investment came from his grandmother, a seasoned equity trader.

Education

Platt initially studied civil engineering at Imperial College London but switched to mathematics and economics at the London School of Economics, graduating in 1991.

Early Career

Joining JP Morgan in 1991, Platt quickly excelled, taking on roles that led him to become the head of trading for the European single currency's founding states.

BlueCrest Capital

In 2000, Platt co-founded BlueCrest Capital Management, steering it to become one of Europe's top hedge fund firms.
Expanding into equities in 2013, the firm faced challenges, prompting Platt to return $7 billion to outside investors in 2015, transforming BlueCrest into a private partnership.

Investment Strategy

Platt's investment strategy at BlueCrest involves a mix of systematic and discretionary trades, utilizing pattern-spotting algorithms and aggressive risk management.

Views and Opinions

In 2007, Platt predicted a stock market crash and safeguarded his investments. In 2011, he shared insights on the Eurozone crisis, emphasizing cultural and political divides.
Platt's approach to talent acquisition focuses on finding traders who understand market dynamics, value correctness, exhibit paranoia, and acknowledge their mistakes.

Personal Life

In 2010, Platt relocated from London to Geneva, later moving to Jersey in 2014 for tax benefits.
An avid art collector, Platt commissioned pieces from renowned artists, showcasing his collection in a private showroom in a deconsecrated church.

Media Appearances

Platt made a TV appearance as himself on Showtime's Billions in Season 3, Episode 1.

How long would it take you to become as rich as Michael Platt?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Michael Platt's net worth of $14.1B.

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 42.76% compared to 11.89% for the S&P 500 benchmark.

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Michael Platt 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 Michael Platt, 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