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Grizzly Bulls’ Billionaires Index

⬅ # 181 Michael Rubin|# 183 Pankaj Patel ➡

# 182 Pat Ryan 

$11.4B

Real Time Net Worth
as of 7/25/2024
$302.7M (2.65%)

# 182 Pat Ryan 

$11.4B

Real Time Net Worth
as of 7/25/2024
$302.7M (2.65%)
OccupationChair and CEO, Ryan Specialty Group
Source of WealthInsurance
Age87
ResidenceWinnetka, Illinois
Marital StatusMarried
Children3
EducationBS, Northwestern University
Age-Adjusted Net Worth$1.84B
Pat Ryan
Pat Ryan
United States
Net worth: $11.4B

Self-Made Score 

Wealth History

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Biography

Overview

Patrick G. Ryan is an American billionaire insurance businessman.
He was born to an Irish-American father who ran a Ford dealership in suburban Milwaukee.
Ryan graduated with a bachelor's degree from Northwestern University's School of Business in 1959.
After graduating, he joined Penn Mutual's Chicago office as a life insurance agent.
In 1962, Ryan founded the first Finance and Insurance department at Dick Fencl Chevrolet, forever changing how auto dealerships operate.
In 1964, he founded Pat Ryan & Associates, a brokerage and underwriting agency.
By 1968, the firm was selling $15 million in premiums annually.
In 1971, Ryan took the firm public.
In 1976, he changed the firm's name to Ryan Insurance Group.
In 1977, Ryan bought the retail brokerage units from Esmark Inc, expanding into risk management services for commercial and industrial clients.
In 1981, Ryan further expanded by purchasing the James S. Kemper agencies.
In 1982, Ryan Insurance Group merged with Combined International, and Ryan became CEO.
In 1987, Ryan changed Combined's name to Aon Corporation.
Ryan served as Aon's chairman and CEO for 41 years.
In 2008, Ryan retired from Aon.
In 2010, he founded Ryan Specialty Group (RSG) as a holding company aimed at providing specialty services to insurance brokers, agents, and carriers.
Ryan brought RSG public in July 2021 with an IPO that valued the company at $1.3 billion.

Philanthropy

Ryan and his wife, Shirley Welsh Ryan, have given nearly $200 million to their alma mater, Northwestern University.
They have funded fellowships for graduate students in nanotechnology, scholarships for low-income students, and contributed to the Feinberg School of Medicine's priorities.
The music and communications building at Northwestern University, which opened in 2015, was named after the Ryans for their longtime support of the arts.
In 2018, Ryan Fieldhouse was unveiled, named after Patrick Ryan for his contributions.

Northwestern University Involvement

Ryan has been a member of Northwestern University's board of trustees for 37 years, 14 of which he was chairman.
In 2009, Ryan was inducted into the Northwestern Athletic Hall of Fame.
Northwestern awarded Ryan an honorary doctorate in 2009.
In 2013, he received the Northwestern Alumni Association Medal of Honor.
Ryan and his wife have contributed to various facilities and programs at Northwestern, academic and athletic alike.

How long would it take you to become as rich as Pat Ryan?

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 Pat Ryan's net worth of $11.4B.

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

Pat Ryan 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 Pat Ryan, Insurance 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