According to newspaper reports, He made his first 1% wealth when he reached 50 years old, i.e., he made the majority of his wealth (99%) between age 51 and current age 86. We are at age +/- 76. Will it be too late for us to make a good fortune through investments? Probably not, we still have 10 years compared to his age to work it out.
Another story from hedge fund manager David Einhorn (Greenlight Capital), an investment icon who co-partnered with another 3 persons to raise only $900,000 dollars to start his empire in 1997, In 2015 (after 18 years) he managed a total of 8 billions. In general, hedge fund managers charge 2% managing fee and 20% profit sharing. No wonder he is a very rich guy.
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