Sunday, January 19, 2020

Bruce R. Berkowitz - Wikipedia

Here is the article.

Here is the article I found his net worth.

22. Bruce R. Berkowitz
Where he lives: Miami (seasonal).
Net worth: $500 million.
Source: Fairholme Capital Management, LLC.
How he made his money: Investment management.
The story: Bruce R. Berkowitz, 56, is the founder, managing member and chief investment officer of Fairholme Capital Management. He has a concentrated equity investment style, making big bets on relatively few stocks that most investors avoid. Purchases of stock in Bank of America and American International Group, or AIG, in 2011 helped to produce handsome 2013 returns on investment in his $8.8 billion-asset Fairholme Fund, according to trade publication Institutional Investor.
Berkowitz, a Miami resident since 2006, said in an email exchange that “Miami has all the resources we need, plus we get to live and work in a beautiful environment. Our tag line is ‘Ignore the Crowd,’ and our location here helps us maintain our distance and independence from the chatter of Wall Street.”
Berkowitz earned a bachelor of arts degree in economics from the University of Massachusetts in 1980. He is chairman of the board of the St. Joe Company, a publicly held Florida-based real estate developer. r of the Decade” in 2010.
Berkowitz said in an email that he advises people getting into business that any industry they find appealing has promise.
“It doesn’t matter what you do, if you really like it,” he said. “To be successful requires huge effort. Twenty-four/seven for decades is the definition of instant success. So you’ve got to love what you do, and if you don’t, try something else.”


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