John Burbank, a renowned investor and philanthropist, has made a significant impact in the world of finance.Many people are curious how much his net worth is.
This article delves into John Burbank net worth, career achievements, personal life, and provides answers to frequently asked questions about this influential figure.
|Full Name||John Burbank|
|Popular Name||John Burbank|
|Birth Date||Not known|
|Birth Place||Not known|
|Marital Status||Not available|
|Sexual Orientation||Not available|
|Net Worth||$35 million|
|Source of Wealth||Founder, Managing Member, and Chief Investment Officer of Passport Capital|
What is John Burbank Net Worth and Salary in 2023
As of 2023, John Burbank’s net worth is estimated to be $35 million. His financial success can be attributed to his role as the Founder, Managing Member, and Chief Investment Officer of Passport Capital.
Additionally, he serves as the Portfolio Manager for various funds, including Passport Global, Passport Special Opportunities, Passport Long Short, and Passport Liquid Long Short. In his position, Burbank oversees investment activities and manages the firm’s flagship fund, Passport Global.
Why is John Burbank Famous?
John Burbank gained fame for his profitable bets against subprime housing ahead of the global financial crisis. His hedge fund, Passport Capital, produced a remarkable 219% return in 2007 when the markets were on the brink of collapse. This success solidified Burbank’s reputation as a visionary investor with a keen eye for market trends.
John Burbank Overview
We don’t find any information about his early life, education, and much more.
John Burbank is a renowned figure in the world of finance, best known for his role as the Founder, Managing Member, and Chief Investment Officer of Passport Capital.
He has been instrumental in steering the firm’s investment activities and serving as the Portfolio Manager of several funds including the flagship fund, Passport Global, Passport Special Opportunities, Passport Long Short, and Passport Liquid Long Short.
Under Burbank’s leadership, Passport Capital has seen significant growth. The firm started with US$800,000 in assets under management at its inception and had grown to approximately USD $4.1 billion as of August 31, 2015.
Passport Capital’s flagship Global Strategy, managed by Burbank, represents approximately half of the firm’s assets. This strategy was ranked by Barron’s as the number one hedge fund in the world in 2007 as measured by three-year annualized returns.
Barron’s also recognized Passport Global as one of the world’s 50 best performing hedge funds in 2006 and as a Top 100 Hedge Fund in 2008 and 2009. Absolute Return named Passport Global Fund of the Year in 2007.
Burbank’s career has not been without its challenges. Despite his successful prediction of the subprime crisis, which led to an impressive 219% return in 2007, Burbank faced significant losses in subsequent years. However, he managed to bounce back in 2010 when Passport Capital returned 18.3%, outpacing the market.
Before founding Passport Capital, Burbank worked at JMG Triton, an arbitrage fund, and at ValueVest Management, an emerging markets fund.
He also spent four years in various investment research positions with hedge funds in the Bay Area and worked in management and as a private investor in a variety of start-up companies. Burbank holds an MBA from Stanford and a BA in English Literature from Duke University.
In recent news, John Burbank has been appointed in the media and telecommunications industry. He has received numerous accolades and awards, most recently receiving 30 Best of CES 2020 accolades. His insights and expertise continue to be sought after, making him a frequent keynote speaker at global investment conferences.
John Burbank’s personal life remains relatively private. However, it is known that he is an Independent Director of Entergy Corporation since 2018.
He brings extensive management experience to the board, particularly in consumer-facing businesses disrupted by technological change. His insights and perspectives on the potential impact of technology on the industry and the company are highly valued.
As of now, there is no information available about John Burbank’s social media accounts.
FAQs about John Burbank
What is John Burbank’s mailing address?
John Burbank’s mailing address, as filed with the SEC, is C/O VIZIO HOLDING CORP., 39 TESLA, IRVINE, CA, 92618.
What does Entergy Corporation do?
Entergy Corporation is an integrated energy company primarily engaged in electric power production and retail distribution operations. With annual revenues exceeding $11 billion, Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including over 10,000 megawatts of nuclear power.
Through his role at Passport Capital, he has made significant contributions to the financial industry. Burbank’s ability to predict market trends and make profitable investments has earned him a well-deserved reputation. As he continues to navigate the ever-changing landscape of finance, his insights and expertise will undoubtedly shape the future of the industry. Thank you for reading.
Read more: John Phelan net worth