According to the Forbes article that I read in this video, Cathie Wood, CEO of Ark Invest, has seen her net worth decline by 65% in 2022 due to the terrible performance of Ark’s flagship ETF. The expression “going for broke” means you take the most extreme or risky course of action in order to try and achieve success. That reminds me of Cathie Wood. But Cathie Wood could literally go broke if she doesn’t stop trading stocks so recklessly.


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Ark Invest CEO Cathie Wood’s Net Worth Slashed By 65% As Tech Bets Sour In 2022

Ark’s flagship ETF is crashing but Wood is doubling down, increasing her stake in her firm and betting on tech outfits like Tesla, Zoom and Coinbase to eventually rebound.

Cathie Wood became a cult hero in 2020 for a generation of investors raised on the mantra that stocks only go up, but this year has been a swift and painful reality check for her Ark Invest and its loyal disciples.

An early acolyte of Elon Musk and Tesla, Wood steered Ark expertly through the turbulent early months of the pandemic, and her flagship Ark Innovation ETF rose 157% in 2020. When Musk first became the richest person in the world in early 2021 after Tesla surged more than eightfold the previous year, Wood was riding high as a “disruptive innovation” evangelist, with investors piling into her funds.

Ark’s woes started shortly after that. Large holdings like Zoom, Roku and Teladoc Health struggled in 2021 after benefitting from overexuberance toward stay-at-home stocks in 2020, and the Ark Innovation ETF retreated 23% last year, even as the S&P 500 gained 27%.

This year’s bear market has been much worse, and Ark’s concentrated portfolio of tech stocks is taking the worst of it. The Ark Innovation ETF has crashed 60% this year, nearing its March 2020 low point, and the firm’s assets under management in all of its ETFs declined from a peak of more than $60 billion in February 2021 to $16 billion by the end of April. Based on that asset slump and stock declines for publicly traded asset managers like T. Rowe Price and WisdomTree, Wood is dropping off Forbes’ list of America’s richest self-made women this year.

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.

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  1. No white dove carrying an olive branch heading your way Cathie Wood! …..HA! 🕊

  2. this is interesting to say the least. I do not know Ms Wood, nor her line of ETFs, but the conviction she has is certainly something to admire. It's at least worth keeping an eye on.

  3. once big BTC holders/INVESTORS make such HYPE statement….its a sign of PANIC.
    BTC will become USELESS BEFORE 2030.

  4. Hi CMQ, I wanted to tell you about my comment about Alibaba wasn't pretending to be negative. It's just my perception of the videos you posted about the company. I understand your point and your strategy on it.

  5. She's like someone who wins the lottery and then thinks she's figured out how to pick lucky numbers. Total window-licker.

  6. Cathie wood should be arrested for saying that profits in her company could go down as well as up. If she was selling shares and did not point out the fact you could lose all your money then they would be charged with fraud. I have never heard any one say you could lose all your money and millions now have.

  7. She would have continued her climb if President Trump had been elected—but she’s most likely a Democrat and is paying the price. Remember: Go Woke, Go Broke.

  8. Cathie is suffering from Biden dementia. She's trying to convince herself that she's not wrong and if she just keeps saying it it will become true.

  9. In 18 months we will be in negative inflation and negative rates, useless Fed is destroying US economy and Biden is a joke, her stuff will fly.

  10. Yes. She is absolutely right about going up 50% every year for her fund. After it will drop to $1 a share. Lol

  11. <great post Very detailed and accurate video you posted mate love your content. It's funny how some people out there still haven't accepted that cryptocurrencies continue to change the world globally. Those who are against it have a hard time today. While from a trader's perspective I feel that we really need more experts in this field to educate newbies/investors on how the community works, BTC's price has been fluctuating lately which means the market is currently open and I Can't tell if it's going to be too bearish or too bullish, this uncertainty turns most traders off and forces investors to stay tuned. I would say that making a profit is completely wrong. It all depends on the pattern you are trading and also the source of your strategies. I started with 2 BTC and accumulated over 7.5 BTC in just 4 weeks with the right trading strategy given to me by an experienced trader. Mr. Tilo Polter. The methods are top notch and profitable and can be easily contacted by 🆃🅴🅻🅴🅶🆁🅰🅼👉easy to reach👉🏻 [@TILOPOLTER_SIGNALS}.✅

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