David Herro is a well-known American businessman, investor, and Republican donor. With an impressive career in the financial industry, he has gained fame for his exceptional investment strategies and philanthropic endeavors.
In this article, Covemarkets will explore David Herro net worth, his rise to fame, and provide an overview of his life and achievements.
|Milwaukee and Fond du Lac, WI
|Bachelor’s degree. Master’s degree in Economics
|Source of Wealth
|Successful career as a portfolio manager
What is David Herro Net Worth and Salary in 2023?
As of 2023, David Herro’s net worth is estimated to be substantial, thanks to his successful career as a portfolio manager. However, the exact figure remains undisclosed. His expertise in managing international funds has undoubtedly contributed to his financial success.
Why is David Herro Famous?
David Herro has earned widespread recognition for his remarkable achievements in the financial industry.
He has been honored with prestigious titles such as Morningstar’s International Stock Fund Manager of the Year in 2006, International Stock Fund Manager of the Decade for 2000-09, and International Stock Fund Manager of the Year in 2016. These accolades highlight his exceptional skills and expertise in managing investment portfolios.
David Herro Biography Overview
David Herro was born and raised in Milwaukee and Fond du Lac, Wisconsin. He grew up in a middle-class family, with his father working as an accountant and his mother as a registered nurse. Herro’s passion for finance and economics developed at a young age, leading him to pursue higher education in these fields.
Career and Awards
David Herro is a prominent figure in the world of international finance. After earning his master’s degree in economics, he embarked on a career that has seen him rise to the position of Chief Investment Officer – International Equities at Harris Associates L.P.
He also serves as a Deputy Chairman at the firm. Harris Associates is known for its intensive, fundamental in-house research process, which aims to identify companies trading at a significant discount to managers’ estimates of intrinsic business value.
Herro’s career began with him starting and managing an international stock fund with Principal Financial Group. After three years, he moved to The State of Wisconsin Investment Board before joining Harris Associates in 1992.
He has been instrumental in leading shareholder groups, notably working to remove Maurice Saatchi from his position on the Saatchi Board of Directors in 1994.
He is also the founder and co-manager of Oakmark International Fund, The Oakmark International Small Cap Fund, and The Oakmark Global Select Fund, all advised by Harris Associates.
Over the years, David Herro has received numerous accolades for his work. His career honors include being named Morningstar’s International Stock Fund Manager of the Year in 2006 and again in 2016.
In 2010, Morningstar named him the International Stock Fund Manager of the Decade for his work from 2000-09.
In addition to these prestigious awards, he was also the recipient of the first annual Teen Financial Capability Champion award in 2022, a testament to his influence and contribution to the field of finance.
In 2023, Herro made several appearances on CNBC’s financial programs. On June 14th, he discussed the firm’s long-term investment outlook and the dispersion between growth and value yields on Squawk on the Street.
Later, on July 25th, he appeared on Closing Bell to share why he believes the financial sector is undervalued. These appearances reflect his ongoing commitment to sharing his insights and expertise with a wider audience.
Outside of his professional life, Herro is a strong believer in free-market capitalism and supports equal access to quality education for underserved youth. He is also a backer of the American Unity Fund, which supports the legalization of same-sex marriage. This shows his commitment to social causes and his belief in equal opportunities for all.
Beyond his professional achievements, David Herro is known for his philanthropic endeavors and political involvement. He strongly believes in free-market capitalism and supports organizations that work towards equal access to quality education for underserved youth.
Additionally, he has backed Republican groups and is a supporter of the American Unity Fund, which advocates for the legalization of same-sex marriage.
Social Media Account
As of now, there is no information available about David Herro’s social media accounts.
FAQs about David Herro
Has David Herro invested in African companies?
No, as of now, David Herro has not invested in any African companies. He cites liquidity and the rule of law as key factors that need to be addressed for investment opportunities to arise in these regions.
Which countries does David Herro consider to have the best cuisine?
David Herro believes that Italy has the best cuisine without a doubt. As a dark horse, he also mentions Australia.
What is the biggest risk for global economies today, according to David Herro?
David Herro identifies the persistent risk of political forces working against free-market capitalism. This includes restrictions on the global movement of goods, services, and capital, as well as excessive regulation and taxation.
How does David Herro handle scrutiny as a large shareholder in controversial companies?
David Herro stays focused on what is best for his clients and pushes managements to prioritize long-term value creation.
Where does David Herro see the best investment opportunities today?
David Herro believes that European financials present a strong value opportunity, and his investment strategies reflect this overweight position.
David Herro’s remarkable career as a portfolio manager, his numerous accolades, and his philanthropic endeavors have made him a prominent figure in the financial industry. With his expertise in international investments and commitment to free-market capitalism, he continues to make a significant impact. David Herro’s net worth remains undisclosed, but his success and influence are undeniable. Thank you for reading.
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