David Booth works as an investment manager in the United States. His investing firm, which is situated in Texas, has over 600 billion dollars under control.
Some refer to him as the “Oracle of the Stock Market.” David Booth is the man in question, and he has a net worth of $5 billion dollars. We are confident that you are aware that David Booth is well-known for both his ability to earn money and his ability to donate money.
He is currently 76 years old.
David Booth's Net Worth
David Booth's net worth is estimated to be in the vicinity of $5 billion dollars, as previously stated. David Booth is one of the individuals who has vowed to donate 90 percent of his or her wealth to charitable causes.
Out of those 9 billion dollars, he made 9 billion dollars for his investors last year, a profit of $9 billion. His pay was in the neighborhood of 700 million dollars.
As David Booth is well-known, he never personally visits any of his clients who have made investments in his Wealth Management Company. This is because, according to him, they require him rather than vice versa.
David Booth's company had 100 billion dollars under management in 2008, and he managed the 2008 financial crisis with such skill that more and more individuals began looking to him for greater and more regular returns.
David Booth's Net Worth Growth in the Last 5 Years
|Net Worth in 2022||$5.0 Billion|
|Net Worth in 2021||$4.5 Billion|
|Net Worth in 2020||$4.0 Billion|
|Net Worth in 2019||$3.5 Billion|
|Net Worth in 2018||$3.0 Billion|
|Net Worth in 2017||$2.5 Billion|
His career in wealth management began in 1981 when he co-founded Dimensional Fund Advisors, a mutual fund advisory firm.
He and his co-founders elected to locate their headquarters away from the flashy streets of New York and in the state of New Jersey. They were not interested in being affected by the New York trading community, but rather in putting their investment theory into practice.
He is not a fan of automobiles, but he does have his own private jet. At the time of his college graduation, he was a very good basketball player.
Even now, in his spare time from his hectic schedule, he enjoys coaching the local high school basketball team, which he has done for the past nine seasons.
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After attending The University of Chicago from 1969 to 1971, David Booth is most known for donating the largest single donation ever made to a business school: $300 million to the institution where he had studied from 1969 to 1971.
Today, he is remembered as the namesake of the Booth Business School at the University of Chicago. Booth earned his bachelor's degree from the University of Kansas in Lawrence, Kansas.
In 2004, he made a $9 million donation to the University of Kansas to help fund the construction of the Booth Family Hall of Athletics.
The Allen Fieldhouse, which is linked to the Hall, serves as the school's athletic center. He has been married to Suzanne Deal since 1998, and the couple is the parents of two sons and a daughter.
Earlier this year, David and Suzanne made headlines when they spent $4.3 million to purchase the original basketball regulations, which were drafted by the sport's originator James Naismith.
The University of Kansas now has the 119-year-old 13-rule document that was donated by the Booths. Naismith established the basketball program at the University of Kansas, and he would go on to coach the team for nine seasons throughout his tenure.