What is the current Peter Lynch net worth in 2022?
Peter Lynch’s current net worth is estimated at approximately $450 million.
Peter Lynch was born in Newton, Massachusetts in January 1944. He graduated from Boston College and earned his MBA from The Wharton School. He was hired at Fidelity Investments after serving two years in the Army and started as an intern in 1966. He was married to Carolyn Ann Hoff before her passing in 2015.
Peter Lynch’s money management career
Peter Lynch is considered one of the greatest mutual fund managers of all time based on his decades of high returns of capital under management. He was the manager of the Fidelity Magellan Fund from 1977 to 1990. During his time managing the fund he averaged a +29.2% return annually. He was able to consistently double the annual returns of the S&P 500 index every year. He was the best-performing mutual fund manager in the world.
The Magellan Fund assets under management grew from $18 million to $14 billion during the 13 years that Lynch managed it.
Peter Lynch said that a $1,000 buy and hold investment in his Magellan fund on May 31, 1977, would have been worth $28,000 by 1990.
He coined the phrases “ten bagger” and “invest in what you know”.
Peter Lynch Books
Peter Lynch wrote three books on investing, One Up On Wall Street: How To Use What You Already Know To Make Money In, Beating the Street, and Learn to Earn: A Beginner’s Guide to the Basics of Investing.