⬅ # 590 Miguel Krigsner|# 592 George Lucas

# 591 Robert Hale Jr 

$5.28B

Real Time Net Worth
as of 6/12/2024

# 591 Robert Hale Jr 

$5.28B

Real Time Net Worth
as of 6/12/2024
OccupationFounder and CEO, Granite Telecommunications
Source of WealthTelecom
Age57
ResidenceBoston, Massachusetts
Marital StatusMarried
EducationBS, Connecticut College
Age-Adjusted Net Worth$6.46B
Robert Hale Jr
Robert Hale Jr
United States
Net worth: $5.28B

Self-Made Score 

Wealth History

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Biography

Overview

Robert Hale Jr. is the founder and CEO of Granite Telecommunications, based in Quincy, Massachusetts.
Before March of 2000, Hale was one of the wealthiest people globally with a $1.4 billion fortune.
Hale experienced a significant financial setback when his previous company, Network Plus, went bankrupt in 2002, less than six months before founding Granite Telecommunications.

Early Career and Entrepreneurship

Hale started his career as a telemarketer at MCI in Boston and identified an opportunity in aggregation.
In 1990, he launched Network Plus, a telecom service aggregator, after convincing his parents to invest $400,000.
Network Plus quickly grew into a $150 million business.
The company faced adversity when banks withdrew their support, leading to bankruptcy in 2002.
Despite this setback, Hale's career highlights emerged post-bankruptcy, demonstrating resilience and determination.

Philanthropy and Charitable Contributions

Hale's philanthropic journey began during high school when he fundraised for Easterseals, a disability service provider.
He and his wife, Karen, have contributed over $270 million to cancer research, educational institutions, and various charitable causes.
Their philanthropic efforts have earned them accolades such as the Carolyn Lynch Humanitarian Award from the Breast Cancer Research Foundation.
In 2022, Granite Telecommunications was recognized as Massachusetts's most charitable company for donating $38.9 million.
Hale advocates for giving back to the community, exemplifying this by challenging graduates to help others and providing each with $500 to donate.

Business Success With Granite Telecommunications

Granite Telecommunications, founded in 2002, provides voice, data, and other communication services to businesses and governmental agencies in the U.S. and Canada.
The company boasts over $1.8 billion in sales as of 2022, with more than two-thirds of the largest 100 U.S. companies as clients.
Hale's leadership has led Granite to be a 10-time Inc. 5000 honoree and surpass $1.85 billion in annual revenue.
The company's success contrasts starkly with Hale's earlier financial downfall, showcasing his ability to rebound and thrive in the face of adversity.

How long would it take you to become as rich as Robert Hale Jr?

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Robert Hale Jr's net worth of $5.28B.

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 43.45% compared to 12.43% for the S&P 500 benchmark.

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Robert Hale Jr 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 Robert Hale Jr, Telecom 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