Mark Coombs is a British businessman and entrepreneur, best known as the founder and CEO of Ashmore Group, a fund management firm that invests in emerging markets across Asia, Latin America, and other regions. He has made his way up in the billionaire circles with a net worth of a billion as of 2023.
In this blog, Covemarkets will discuss Mark Coombs net worth, early life, career and much more.
Quick Facts
| Information | Details |
| Full Name | Mark Langhorn Coombs |
| Popular Name | Mark Coombs |
| Gender | Male |
| Birth Date | April 1960 |
| Age | 63 years old (as of August 2023) |
| Parents | Unknown |
| Siblings | Unknown |
| Birth Place | United Kingdom |
| Nationality | British |
| Ethnicity | British |
| Education | Dulwich College, St John’s College, Cambridge (Degree in Law) |
| Marital Status | Married |
| Sexual Orientation | Unknown |
| Wife/Spouse | Rebecca |
| Children | Unknown |
| Dating | Not applicable (Married) |
| Net Worth | $1.7- $2.3 billion |
| Source of Wealth | Finance (Founder and CEO of Ashmore Group) |
| Height | Unknown |
| Weight | Unknown |
What is Mark Coombs Net Worth and Salary 2023?
Mark Coombs’ net worth is estimated to be $1.7- $2.3 billion, according to Forbes. He has earned this wealth through his successful career as a businessman and entrepreneur, primarily through the success of Ashmore Group.
As the CEO of Ashmore Group, Coombs earns an annual salary of £4.8 million, which is equivalent to roughly $6.5 million USD.
Mark Coombs Wiki
Mark Langhorn Coombs was born in April 1960 and educated at Dulwich College and St John’s College, Cambridge, where he earned a degree in law. Coombs started his career working in the Latin American department at Grindlays Bank in 1983, which was later acquired by Australia and New Zealand Banking Group.
In 1998, Coombs founded Ashmore Group as a new division of the company, leading a management buyout in 1999. He took the firm public in 2006, raising $2 billion in the process. In 2011, he bought Emerging Market Management for only $246 million, more than doubling the company’s assets under management that reached $71 billion today.
Mark Coombs Age, Height, and Weight
Mark Coombs is 63 years old as of 2023. Unfortunately, there is no information available about his height and weight.
Family
There is little information available about Mark Coombs’ family life. However, he is known to live with his wife Rebecca in Wimbledon, London.
Career and Awards
Mark Langhorn Coombs, a British billionaire businessman, has had an illustrious career in the financial sector. Coombs embarked on his professional journey after graduating from Cambridge with a degree in law.
His first job was in the Latin American department at Grindlays Bank in 1983, which was later acquired by the Australia and New Zealand Banking Group.
In 1998, Coombs founded Ashmore as a new division of the company. He led a management buyout in 1999 and took Ashmore public in 2006. Today, he serves as the Chief Executive Officer at Ashmore Investment Management Ltd., and holds the position of Co-Chairman at Emerging Markets Traders Association. He is also a member of the Board of Directors at Ashmore Group Plc.
Despite his significant contributions to the financial industry, specific details about the awards and honors received by Mark Coombs are not readily available. However, his success is evident in his financial achievements and the growth of Ashmore Group under his leadership.
In 2019, Coombs sold 10 million shares in Ashmore Group, earning him £43.5 million. According to the Sunday Times Rich List in 2020, Coombs’ net worth was estimated at £1.42 billion, marking a decrease of £88 million from the previous year.
Mark Coombs’ career trajectory serves as an inspiration for many aspiring entrepreneurs and finance professionals. His success story is a testament to his strategic vision, leadership skills, and unwavering commitment to his profession.
Personal Life
According to reports, Mark Coombs leads a modest life despite his billionaire status. He resides in a 3-bedroom house in Wimbledon, near London, with his wife Rebecca.
Mark Coombs News 2023
- March 8, 2023: Ashmore Group, the emerging markets investment manager where Coombs is CEO, reports a net outflow of $1.6 billion in February, the largest monthly outflow since March 2020.
- May 17, 2023: Coombs is named the richest asset management chief executive in the UK, with a net worth of £1.3 billion, according to the Sunday Times Rich List.
- August 16, 2023: Coombs announces that he will be stepping down as CEO of Ashmore Group after 11 years in the role. He will be succeeded by Federico Cionini, the current chief investment officer.
- August 23, 2023: Coombs is announced as a participant in the 2023 Cohort of NEXT Founders, an annual program in Toronto that selects 14 of Canada’s most promising entrepreneurs.
Social accounts
As of now, there is no information available about Mark Coombs’s social media accounts.
FAQs about Mark Coombs
What is Mark Coombs’ career?
Mark Coombs is best known as the founder and CEO of Ashmore Group, a fund management firm that invests in emerging markets across Asia, Latin America, and other regions.
Where does Mark Coombs live?
Mark Coombs resides in a 3-bedroom house in Wimbledon, near London, with his wife Rebecca.
Has Mark Coombs won any awards?
Yes, Coombs has received multiple awards throughout his career, including the Ernst & Young UK Entrepreneur of the Year award in 2007.
Conclusion
In conclusion, Mark Coombs’ net worth stands as a testament to his remarkable journey as a pioneering figure in the investment and financial world. Through his visionary leadership of Ashmore Group, he has navigated complex markets and global landscapes, building an empire that specializes in emerging markets investments. Coombs’ shrewd strategies, coupled with his commitment to responsible investing and financial education, have earned him a place of distinction. Thank you for reading.
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