Charles Brandes Net Worth

Posted by Carisa Kissane on Saturday, May 18, 2024

Age, Biography and Wiki

Who is it?Founder & Chairman, Brandes Investment Partners, L.P.
Birth Year1942
Birth PlaceSan Diego, California, United States
Age81 YEARS OLD
ResidenceSan Diego, California
CitizenshipUnited States
EducationBucknell University San Diego State University
OccupationBusinessman, investor, philanthropist
EmployerBrandes Investment Partners
Known forManager of Brandes Investment Partners
Spouse(s)Linda King Formo (1986-2004) Tanya (2006-present)
Childrentwo

💰 Net worth: $1.2 Billion (2024)

Charles Brandes' net worth is projected to reach an impressive $1.2 billion by 2024. He is widely recognized as the Founder and Chairman of Brandes Investment Partners, L.P., a prominent investment firm based in the United States. Over the years, Brandes has garnered significant success and recognition within the financial industry by employing a disciplined value investing approach. Through his astute investment strategies, he has accumulated substantial wealth, solidifying his position as one of the wealthiest individuals in the world of finance.

2009 $1.2 Billion 2010 $1.5 Billion 2011 $1.3 Billion 2012 $1.3 Billion 2013 $1 Billion 2014 $1.1 Billion 2015 $1.15 Billion 2016 $1.1 Billion 2017 $1.2 Billion 2018 $1.23 Billion

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Charles Brandes Charles Brandes Charles Brandes

Biography/Timeline

1965

Brandes grew up in Pittsburgh. In 1965, he graduated from Bucknell University with a bachelor's degree in economics. He did graduate studies at San Diego State University.

2007

As of 2007, Brandes' U.S. Value Equity fund has beaten the S&P 500 index for the past 5, 10 and 15 years. According to the book Investment Leadership, Brandes' Global equity fund had an average return of 19.21% over the prior 20 years. Brandes Investments strictly follows Graham and Dodd principles as outlined in the books Security Analysis and The Intelligent Investor. Also recently, the firm made Investments in the troubled mortgage and financial sectors, paying bargain prices for Investments in Countrywide Financial, Washington Mutual, Wachovia Corp. and Bank of America. Brandes is among the largest institutional shareholder of Royal Bank of Scotland and General Motors. Thomson Financial's well-regarded Nelson's World's Best Money Managers rankings consistently lists Brandes Investment Partners among the Top 10 International Equity Fund Managers in the world.

2018

Brandes' adherence to Graham and Dodd principles has extended to investment research. He commissioned a study to investigate the "Falling Knives" strategy, the investment axiom that catching falling knives (a stock whose price has been dropping precipetously) is like catching falling money (likely to lead to losses). Researching 1,000 companies between 1986 and 2002 whose price had fallen 60% over a twelve-month period, the study found that within three years of the decline 13% of the companies went bankrupt, but despite this that the portfolio as a whole gained in value by 18% over three years. Announced departure from the firm effect February 26, 2018. Brandes published a well received book on his investment strategies in 2003 titled Value Investing Today (McGraw-Hill, ISBN 0-07-141738-9).

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1943 births Living people American billionaires American financial analysts American investors American investment advisors American financial company founders American financiers American money managers American philanthropists American stockbrokers Bucknell University alumni Businesspeople from San Diego CFA charterholders Businesspeople from Pittsburgh San Diego State University alumni

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