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Grizzly Bulls’ Billionaires Index

⬅ # 281 Georg Schaeffler|# 283 Andrei Guryev ➡

# 282 Richard White 

$9.32B

Real Time Net Worth
as of 12/19/2024
$152.7M (1.64%)

# 282 Richard White 

$9.32B

Real Time Net Worth
as of 12/19/2024
$152.7M (1.64%)
OccupationFounder and CEO, WiseTech Global
Source of WealthSoftware
Age69
ResidenceSydney, Australia
Children2
EducationMBA, University of Technology, Sydney
Age-Adjusted Net Worth$5.07B
Richard White
Richard White
Australia
Net worth: $9.32B

Self-Made Score 

Movado Museum Classic Men's Watch - Swiss Quartz Movement

Wealth History

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Biography

Overview

Richard White founded software company WiseTech Global in 1994 to help logistics companies manage goods and information across supply chains.
He has more than 35 years of experience in software development, embedded systems, and business management, and over 25 years of freight and logistics industry experience.
Richard holds a Master of Business in Information Technology Management from the University of Technology Sydney (UTS).
Prior to founding WiseTech Global, Richard was founder and managing director of Real Tech Systems Integration, a provider of computer consulting and systems integration services.
He was also CEO of Clear Group, a distributor of computer-related equipment.

Career Highlights

Since the company went public in 2016, WiseTech's shares have soared due to strong growth in revenue and acquisitions worldwide.
He is the company's chief executive and retains a controlling stake.
Touted as Australia's next Atlassian, Sydney-based WiseTech has more than 17,000 customers in 174 countries.
Its cloud-based logistics platform, CargoWise One, can automate dozens of steps.

Recognition and Education

Richard is a UTS Luminary and a Fellow of UTS.

Richard White's Wealth is Equivalent to:

7,174,750 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,763,482 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

95,253 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Richard White?

If you started with $10,000 and invested an additional $500 each month at a 42.79% CAGR, it would take you 5 years to reach Richard White's net worth of $9.32B.

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 66.02% compared to 28.56% for the S&P 500 benchmark.

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

Richard White 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 Richard White, Software 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.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey