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Grizzly Bulls’ Billionaires Index

⬅ # 492 Chen Bang|# 494 Ding Shijia ➡

# 493 Philippe Laffont 

$5.96B

Real Time Net Worth
as of 7/2/2024

# 493 Philippe Laffont 

$5.96B

Real Time Net Worth
as of 7/2/2024
OccupationFounder, Coatue Management
Source of WealthHedge Fund
Age56
ResidenceNew York, New York
Marital StatusMarried
EducationBS, Massachusetts Institute of Technology; MS, Massachusetts Institute of Technology
Age-Adjusted Net Worth$7.81B
Philippe Laffont
Philippe Laffont
United States
Net worth: $5.96B

Self-Made Score 

Wealth History

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Biography

Overview

Philippe Laffont, a Frenchman, is the founder and portfolio manager of Coatue Management, a renowned technology-focused hedge fund and venture capital investor.
He was born around 1969 and graduated from the Massachusetts Institute of Technology (MIT) in 1991 with a B.S. in Economics and M.Sc. in Computer Science.
Laffont worked as an analyst at McKinsey & Company in Madrid, Spain, from 1992 to 1994, before joining Tiger Management LLC as a research analyst in 1996, specializing in telecommunications stocks.
In 1999, Laffont established Coatue Management, joining the ranks of Tiger Cubs, former employees of Julian Robertson's Tiger Management who founded their own hedge funds.
Coatue Management launched its first hedge fund in 1999 with $45 million in capital, and as of recent records, the firm manages over $70 billion in assets.
He envisioned working for Apple as a teenager but was rejected five times by the company. Despite this, he became a prominent investor later in his career.

Investment Approach

Laffont's investment philosophy centers on identifying technology companies with the potential for exponential growth and shaping the future.
He co-founded Coatue Management to focus on technology-themed investing, with a keen interest in sectors like technology, media, telecommunications, consumer, and healthcare.
Coatue Management has invested in notable companies such as TikTok-parent Bytedance, Snapchat parent Snap, and music streaming service Spotify, among others.
The firm hosts an annual 'East Meets West' conference, bringing together tech entrepreneurs from the U.S. and China.

Career Highlights

Before founding Coatue, Laffont gained experience as an analyst at McKinsey & Company and later as a research analyst at Tiger Management LLC.
He survived the dot-com boom and bust of the late 1990s and early 2000s, which significantly influenced his cautious yet opportunistic investment approach.
Laffont's macroeconomic caution and Silicon Valley optimism temper his investment decisions, exemplified by his habit of waking at 3 am to check the Bloomberg terminal.
Despite challenges like the COVID-19 pandemic and market volatility, Laffont maintains a strategic approach, liquidating positions when nervous about the macroeconomic environment.

Fund Overview

Coatue Management operates various funds, including Coatue Private Fund I LP (2013), Coatue Private Fund II LP (2015), Coatue Kona III LP (2017), Coatue Early Stage Fund LP (2019), and Coatue Growth Fund IV LP (2020).
These funds have attracted significant capital commitments, with Coatue Growth Fund IV LP raising $3.5 billion in committed capital in 2020.

How long would it take you to become as rich as Philippe Laffont?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Philippe Laffont's net worth of $5.96B.

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 48.24% compared to 16.19% for the S&P 500 benchmark.

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Philippe Laffont 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 Philippe Laffont, Hedge Fund 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