⬅ # 649 David Filo|# 651 Romesh Wadhwani

# 650 Ronald McAulay 

$5.05B

Real Time Net Worth
as of 5/29/2024
-$8.3M (-0.17%)

# 650 Ronald McAulay 

$5.05B

Real Time Net Worth
as of 5/29/2024
-$8.3M (-0.17%)
OccupationPartial Owner, CLP Group
Source of WealthEnergy
Age88
ResidenceHong Kong, Hong Kong
Marital StatusMarried
Children2
EducationMA, University of Glasgow
Age-Adjusted Net Worth$760.13M
Ronald McAulay
Ronald McAulay
Hong Kong
Net worth: $5.05B

Self-Made Score 

Wealth History

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Biography

Overview

Ronald James McAulay, born in 1935 or 1936, is a Scottish/Hong Kong billionaire businessman.
He became wealthy through his substantial holdings in CLP Holdings and the Hongkong and Shanghai Hotels.
McAulay is most renowned for his decades-long service on the boards of these companies.

Education

McAulay holds a master's degree from the University of Glasgow.
He is a qualified accountant and a member of the Institute of Chartered Accountants of Scotland.

Career

Since 1968, McAulay has been involved with CLP Group, where he holds significant holdings.
He has served on the board of CLP Group for decades.
Since 1972, he has held substantial positions in the Hongkong and Shanghai Hotels.

Personal Life

Married to Rita Laura McAulay, daughter of The Lord Kadoorie and sister of billionaire Sir Michael Kadoorie.
They reside in Hong Kong.
Their son, Andrew James Kadoorie McAulay, serves as chairman of Kadoorie Farm and Botanic Garden.
McAulay is involved in cultural institutions, being a member of the International Council of the Tate Gallery and a trustee of the Victoria and Albert Museum in London.

How long would it take you to become as rich as Ronald McAulay?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Ronald McAulay's net worth of $5.05B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

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Ronald McAulay 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 Ronald McAulay, Energy 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