/biz/ - Business & Finance

>>50265125
nope

-x-
Her estimated net worth of $140 million is sharply down from $400 million last year and falls well short of the $215 million cutoff to make this year’s top 100. Forbes estimates that her majority ownership stake in her firm is worth about $125 million. The rest comes from our estimates for her own cash invested in Ark’s funds and in separate cryptocurrency investments–she has predicted that bitcoin’s price will surpass $1 million by the end of the decade–and her personal real estate.

Wood’s public persona hasn’t been chastened by the reversal in fortunes. Last December, she predicted that Ark would return 40% annually over the next five years. As her losses deepened, she doubled down in April at a conference in Florida, saying Ark would rebound and gain 50% a year. She set a $4,600 price target for Tesla shares by 2026, implying a near-$5 trillion valuation and a 500% gain from its current price, and last week, Wood said she even plans to start a “crossover fund” that would invest in private companies.