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# 337 Brian Chesky ➡$8.08B
Real Time Net Worth
as of
8/20/2024
$8.08B
Real Time Net Worth
as of
8/20/2024
| Occupation | Founder, Chair, and CEO of Mediacom |
| Source of Wealth | Telecom |
| Age | 74 |
| Residence | Saddle River, New Jersey |
| Marital Status | Married |
| Children | 2 |
| Education | BS, Columbia University; MBA, Columbia University |
| Age-Adjusted Net Worth | $3.13B |
Rocco Commisso
United States
Net worth: $8.08B
Self-Made Score
Wealth History
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Biography
Early Life and Education
Rocco Benito Commisso was born on November 25, 1949, in Calabria, Italy.
He immigrated to the United States at age 12 in 1962.
Commisso attended Mount Saint Michael Academy in the Bronx for high school.
Earned a full scholarship to Columbia University for undergraduate studies.
Graduated from Columbia University's School of Engineering and Applied Science in 1971 with a bachelor's degree in industrial engineering.
Furthered his education at Columbia Business School, obtaining an MBA in 1975.
Career
Commisso started his career at Pfizer Inc. before transitioning to the financial industry.
Worked at Chase Manhattan Bank and later at the Royal Bank of Canada.
Served as executive vice president, CFO, and director of Cablevision Industries Corporation from 1986 to 1995.
Founded Mediacom Communications Corporation in 1995, serving as chairman and CEO.
Under his leadership, Mediacom went public in 2000 and became private again in March 2011.
Soccer Involvement
Played soccer for the Columbia University Lions from 1967 to 1970.
In 2017, purchased a majority ownership stake in the New York Cosmos and became the club's chairman.
Bought ACF Fiorentina in 2019, expanding soccer involvement internationally.
Personal Life
Married to Catherine; they have two children.
Reside in Saddle River, New Jersey.
Catherine Commisso heads corporate administration for Mediacom.
How long would it take you to become as rich as Rocco Commisso?
If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Rocco Commisso's net worth of $8.08B.
Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 57.21% compared to 17.20% for the S&P 500 benchmark.
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Rocco Commisso is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:
- Your starting capital
- Your earnings after expenses
- The compound annual growth rate (CAGR) of your savings
Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.
Every billionaire has a unique strategy to achieve high CAGR. For Rocco Commisso, Telecom is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.
Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.
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Source: Grizzly Bulls reporting
Methodology:Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.
The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.
Edited by: Lee Bailey
