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Grizzly Bulls’ Billionaires Index

⬅ # 673 Giuseppe De'Longhi|# 675 Cen Junda ➡

# 674 Ron Baron 

$5.00B

Real Time Net Worth
as of 5/17/2024

# 674 Ron Baron 

$5.00B

Real Time Net Worth
as of 5/17/2024
OccupationFounder, Baron Capital Management
Source of WealthMoney Management
Age80
ResidenceNew York, New York
Marital StatusMarried
Children2
EducationBS, Bucknell University
Age-Adjusted Net Worth$1.29B
Ron Baron
Ron Baron
United States
Net worth: $5.00B

Self-Made Score 

Wealth History

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Biography

Overview

Ron Baron, born in 1943, is an American billionaire mutual fund manager and investor.
He founded Baron Capital Management in 1982, which manages about $45 billion in assets.
Baron is known for his long-term investment strategy, particularly in growth equity investments.
His flagship fund, Baron Growth, has an annual turnover of just 3% and net assets of about $8 billion as of October 2023.

Early Life and Education

Born in 1943 in Asbury Park, New Jersey, to Morton Baron, an engineer, and Marian Baron.
Invested $1,000 into stocks, turning it into $4,000, earning him the nickname 'Count'.
Studied chemistry at Bucknell University and attended George Washington University Law School.
Started his career at the United States Patent Office.

Career

Worked for brokerage firms from 1970 to 1982, gaining a reputation for investing in small companies.
Founded Baron Capital Management in 1982, known for its long-term growth equity investments.
Prefers investing in mega-trends driven by societal and demographic changes.
Baron Capital focuses on companies with strong management, growth opportunities, and competitive advantages.
In 2014, the fund invested $380 million in Tesla stock at an average cost per share of $43.07.

Personal Life

Married Judy Bernard in 1978.
Owns one of the largest estates in the Hamptons, assembled from 2001 to 2009 at a cost of $152 million.
Purchased a house in East Hampton in 2007 for $103 million, setting a record at the time.
Built a new 28,000-square-foot house in East Hampton, designed by Hart Howerton.
Known for hosting annual shareholder meetings featuring rock acts like Elton John and Lionel Richie.

How long would it take you to become as rich as Ron Baron?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Ron Baron's net worth of $5.00B.

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 40.45% compared to 10.08% for the S&P 500 benchmark.

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Ron Baron 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 Ron Baron, Money Management 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