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Stock impact report

‘I'm worth $11bn – but still drive a 25-year-old Volvo' [Yahoo! Finance]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Yahoo! Finance
Ken Fisher, who is estimated to be worth at least $11bn, certainly lives up to the stereotype. He drives a 25-year-old Volvo, has a briefcase held together by paper clips, and says he would be more than happy to go back to living in a treehouse. Despite his vast wealth, Fisher – who is also a Telegraph Money columnist – has decided not to leave too much money to his three children. “I'm not going to make any of them starve”, he says. “[But] I don't believe in them having so much they never have to work again, so they can do drugs and be profligate and get divorced 15 times. I believe working is therapeutic. “A lot of people don't get that because they don't like what they do, but I believe working is good for you.” Telegraph Money sat down with 73-year-old Fisher, the founder and chairman of Fisher Investments, a wealth manager with 165,000 customers, to discuss how he built his wealth – and how he'll be spending his fortune. Fisher's wealth has grown substantially in recen Show less Read more
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