Cathie Wood : Family, Net Worth, Parents, Husband, Children, Investments and Biography

Catherine Duddy Wood is an American investor and the founder, CEO and CIO of Ark Invest know all about her in this article as like her Family, Net Worth, Parents, Husband, Children, Investments and Biography

1. Cathie Wood Biography

Cathie Wood Biography
Cathie Wood
  Bio
Name Cathie Wood
Birthdate  26 November 1955
Age (as of 2021)  65 years
Place of Birth Los Angeles, California, United States
Nationality American
Marital Status  Divorced
Spouse/Partner Robert Wood
Children Three
Parents Name not Known
Education University of Southern California (1981), Notre Dame Academy Elementary School
Profession CEO of Ark Invest
Last Update Nonember 2021

Catherine Duddy Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm.Cathie Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler.Wood is known for making bold predictions.

2. Cathie Wood Net Worth 2021

Catherine Duddy Wood is an American investor and the founder CEO and CIO of Ark Invest has an estimated Net Worth around $400 million in 2021.As per Forbes estimated Wood's Net Worth to be $400 million.

3. Cathie Wood ARK's Net Worth Investment and Assets

Cathie Wood ARK's Net Worth Investment and Assets

Cathie Wood’s investment management firm, ARK Invest, grew from $3.1 billion at the end of 2019 to $34.5 billion by the end of 2020. In other words, ARK’s assets grew 11-fold throughout 2020.

Morningstar’s fund flows report revealed that 2020 was a big year for ARK Invest. Investors allocated $8.2 billion to this firm. Wood’s effective leadership saw great success in 2020. Its assets grew from $3.1 billion to $34.5 billion by the end of 2020.

Cathie Wood’s ARK Invest makes a yearly revenue of $8 million. It has sold over 700k shares of Palantir so far. ARK’s net worth has been estimated at $22.28 billion!

4. Cathie Wood Family and Parents

Cathie Wood was born in Los Angeles, the eldest child of immigrants from Ireland. Wood's father served in the Irish Army and the United States Air Force, and became a successful radar system engineer who was very detail-oriented and pushed Catherine to discover connections between things.In 1974, Wood graduated from Notre Dame Academy in Los Angeles, an all-girls Catholic high school.In 1981, Wood graduated summa cum laude from the University of Southern California, with a Bachelor of Science degree in finance and economics.One of Wood's professors was economist Arthur Laffer, who became Wood's mentor.

5. Cathie Wood Husband and Children

Cathie Wood Husband and Children

Cathie Wood Married with Robert Wood but they divorced.She has three children named Caitlin, Caroline, and Robert.Cathie Wood keeps her personal life private.Currently seems she enjoying her life with her kids.

6. Professional Career

In 1977, via her mentor Arthur Laffer, Wood got a job as an assistant economist at Capital Group, where she worked for three years.In 1980, she moved to New York City to take a job at Jennison Associates as chief economist, analyst, portfolio manager and managing director. She worked there for 18 years. In the early 1980s, she debated Henry Kaufman on why she believed interest rates had peaked.In 1998, along with Lulu C. Wang, Wood co-founded Tupelo Capital Management, a hedge fund based in New York City.

In 2001, she joined AllianceBernstein as chief investment officer of global thematic strategies, where she worked for 12 years, managing $5 billion. She was criticized for performing worse than the overall market during the financial crisis of 2007–2008.

In 2014, after her idea for actively managed exchange-traded funds based on disruptive innovation was deemed too risky by AllianceBernstein, Wood left the company and founded Ark Invest.The company is named after the Ark of the Covenant; Wood was reading the One-Year Bible at the time.ARK's first four ETFs were seeded with capital from Bill Hwang of Archegos Capital.

Cathie Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler.Wood is known for making bold predictions.Wood received considerable media attention in February 2018 after she stated on CNBC that she believed Tesla stock could reach a price of $4,000 in five years, a 1,100% increase from its price at the time, and reiterated the claim in May 2019 after its price had dropped 29%.

While Wood's statement was widely ridiculed at the time, Tesla's price reached her target on a split-adjusted basis two years early in January 2021.In November 2020, she stated she believed bitcoin could reach a price of $500,000.As of March 2021, two funds run by Wood were on the list of the 10 largest female-run funds by total net assets.