Grizzly Bulls LogoGrizzly BullsHow it WorksCalculator🚀 PremiumBlog
Log In

Grizzly Bulls’ Billionaires Index

⬅ # 2430 Rao Wei|# 2432 Richard Saghian ➡

# 2431 Vadim Novinsky 

$1.25B

Real Time Net Worth
as of 12/19/2024
$827.7k (0.07%)

# 2431 Vadim Novinsky 

$1.25B

Real Time Net Worth
as of 12/19/2024
$827.7k (0.07%)
OccupationCo-owner, The Lego Group
Source of WealthSteel
Age61
ResidenceKiev, Ukraine
Marital StatusMarried
Children3
EducationBS, Academy of Civil Aviation (Leningrad)
Age-Adjusted Net Worth$1.16B
Vadim Novinsky
Vadim Novinsky
Ukraine
Net worth: $1.25B
Breitling Superocean Heritage II Automatic Chronometer 44 mm

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Agnete Kirk Thinggaard was born on May 18, 1983, in Denmark.
She is the youngest daughter of former Lego CEOs Kjeld Kirk Kristiansen.
Agnete is the granddaughter of Godtfred Kirk Christiansen and the great-granddaughter of the company founder Ole Kirk Christiansen.
Agnete Kirk Thinggaard splits ownership of a 75% stake in Lego with her father, sister, and brother.
She also served on the Lego Foundation's board until 2020 before joining family holding company Kirkbi as a board observer.
The Thinggaard family owns about half of theme park operator Merlin Entertainments, which was taken private with a consortium in 2019.

Sports

Representing Denmark, she competed in dressage at the 2016 Summer Olympics in Rio de Janeiro, finishing 26th in the individual competition and 6th in the team competition.
Kirk Thinggaard competed at two editions of Dressage World Cup finals, achieving 11th place in 2015 and 9th place in 2016.

Lego Family Legacy

Agnete Kirk Thinggaard is a fourth-generation owner of Lego.
Her great-grandfather, Ole Kirk Christiansen, started making wooden toys in 1932 before transitioning to plastic in the 1940s.
The name 'Lego' derives from the Danish phrase 'leg godt,' meaning 'play well.'
Ole Kirk Christiansen's son, Godtfred, spearheaded the development of the interlocking plastic bricks and transitioned the company's focus solely to plastic products.
The family's ownership of Lego extends through generations, with Agnete's father and siblings involved in the company's governance.
Lego has evolved from a small workshop in Billund, Denmark, to a global conglomerate producing construction toys and operating Legoland amusement parks worldwide.

Lego Company History and Financials

Founded in 1932 by Ole Kirk Christiansen, Lego started as a producer of wooden toys before introducing plastic interlocking bricks in 1947.
The company became the world's largest toy company by revenue in the first half of 2015, with sales surpassing $2.1 billion.
Lego faced financial challenges in the early 2000s, reporting deficits and laying off employees, but rebounded with strategic restructuring.
In 2011, Lego's sales grew by 11%, reaching $3.495 billion, driven by the success of new product lines like Ninjago.
By 2012, Lego became the world's most valuable toy company, with a value exceeding $14.6 billion.
In the first half of 2015, Lego reported a turnover of DKr 14,142 million with an 18% increase compared to the same period in 2014.
However, in 2017, Lego announced job cuts of 1,400 following reduced revenue and profit, attributed to increased competition from tech companies and changing consumer habits.
Despite challenges, Lego has maintained its position as a top global brand, featuring in Forbes' Top 100 World's Most Valuable Brands.

Vadim Novinsky's Wealth is Equivalent to:

958,430 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

235,572 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

12,724 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Vadim Novinsky?

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 Vadim Novinsky's net worth of $1.25B.

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

Vadim Novinsky 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 Vadim Novinsky, Steel 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