Peter Lynch Net Worth 2021, Biography, Awards, and Instagram.
Peter Lynch Net Worth 2021: Peter Lynch estimated Net Worth 2021, Early Life, Body Measurement, Achievement, Salary, Income, Cars, Lifestyles & many other important information have been provided on this page. Scroll below to see more information about Peter Lynch.
Peter Lynch is a US investor and manager. He is also well known as a philanthropist.
Under Lynch’s management, the Magellan Fund of Fidelity Investments achieved its height and became the top mutual fund company in the world.
Biography
Lynch was born on the 19th of January, 1944 in the state of Newton, Massachusetts.
When Lynch was merely a ten-year-old kid, his father passed away from cancer. His mother supported the family after that incident.
Peter Lynch went for his higher education at Boston College where he studied history, philosophy, and psychology.
As a sophomore there, he bought 100 shares of Flying Tiger Airlines at $8 USD per share for which he had to use up his entire savings.
These later increased by $80 per share. After graduating from the Boston College he obtained a Masters in Business Administration from the Wharton School of the University of Pennsylvania in 1968.
He was the co-founder of the Lynch Foundation. He tied the knot with Carolyn Ann Hoff and stayed with her till she died of leukemia in October 2015.
Lynch caught a break in his career when he was working as a caddy at the Brae Burn Country Club in Newton, Massachusetts. In 1966, he was hired at the Fidelity as an intern.
After three years, he became a permanent worker there; and towards the later 1900s, he had risen to the position of Fidelity’s director of research.
Lynch was made the head of the barely known Magellan Fund in 1977.
During his time there, he succeeded in taking the fund from around $18 million to over $14 billion, with over one thousand individual positions in the stocks.
As of 2003, the Magellan Fund had the best return in a 20 year period than any other company.
Lynch has penned down several books on the topic of investment such as One Up on Wall Street, and Learn to Earn.
He gives great attention and importance on philanthropy and considers it as a corollary of investment.
The Lynches donate as individuals, through their own Foundation and a Fidelity Charitable Gift Fund, as well as through charitable trusts.
Height and Weight
His height is 1.72 m tall, and his weight is 82 kg.
Awards
Peter Lynch managed to leave his mark in the industry of investment funds.
As the manager of the Magellan Fund at the Fidelity Investments, Lynch made an average yearly return of about 29.2%.
He gained huge successes in a number of stocks including Fannie Mae, Philip Morris, Ford, and various others.
His investment in the First Night, the New Year’s Eve Festival that began in Boston, inspired various other such ideas in over 200 communities.
Peter Lynch Net Worth
Аѕ оf January 2021, Реtеr Lуnсh іѕ еѕtіmаtеd tо hаvе аn оvеrаll nеt wоrth оf $450 mіllіоn.
Тhіѕ Аmеrісаn іnvеѕtоr аnd gеnеrоuѕ рhіlаnthrоріѕt hаvе а mоrе оutѕtаndіng nеt wоrth thаn mоѕt реорlе іn hіѕ lіnе оf wоrk. Не іѕ а vеrу асtіvе рhіlаnthrоріѕt; thіѕ іѕ реrсерtіblе frоm thе hugе іnvеѕtmеntѕ thаt hе mаkеѕ.
Тhе Lуnсhеѕ dоnаtеd $10 mіllіоn tо Реtеr Lуnсh’ѕ аlmа mаtеr, Воѕtоn Соllеgе аnd thе Fоundаtіоn undеr thеіr nаmе gаvе аwау $8 mіllіоn іn 2013.
Ѕіnсе іtѕ еѕtаblіѕhmеnt, thе fоundаtіоn hаѕ mаdе $80 mіllіоn іn grаntѕ аnd іѕ vаluеd аt $125 mіllіоn.
Реtеr Lуnсh сurrеntlу wоrkѕ раrt-tіmе аѕ thе vісе-сhаіrmаn оf thе аdvіѕоrу wіng оf іnvеѕtmеnt аt Fіdеlіtу Іnvеѕtmеntѕ, Fіdеlіtу Маnаgеmеnt & Rеѕеаrсh Со.
Не dеvоtеѕ а vаluаblе аmоunt оf hіѕ tіmе іn trаіnіng аnd іnѕріrіng уоung аnаlуѕtѕ.
Ніѕ fоundаtіоn wоrkѕ fоr еduсаtіоn, rеlіgіоuѕ оrgаnіѕаtіоnѕ, сulturаl аnd hіѕtоrісаl оrgаnіѕаtіоnѕ; іt аlѕо tаkеѕ іntо іtѕ соnѕіdеrаtіоn hоѕріtаlѕ аnd mеdісаl rеѕеаrсh.
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