Estimated net worth: $2 billion
Charles Brandes, 63, founded San Diego-based Brandes Investment Partners L.P. in 1974 when he was 31.
He followed a strategy of investing in undervalued stocks, primarily of international companies, and waiting three to five years for the market to adjust. A disciple of the “bottom up” theory pioneered by Benjamin Graham, Brandes’ stock picking moves has generated a mountain of wealth. Brandes is currently ranked 133 on the Forbes 400 list of the nation’s wealthiest.
The money manager is a Pittsburgh native who graduated from Bucknell University with a Bachelor of Science degree in economics in 1965. His Brandes Investment Partners, based in Carmel Valley, managed $105 billion in investments as of this year. The company employs 500 at a headquarters office near his newly built 54,000-square-foot home on 30 acres in Rancho Santa Fe. In April, Brandes wed his wife, Tanya, at the estate, and hired Elton John to sing.
This year the couple hosted 235 guests to a $600 per person dinner party for the Mingei International Museum, located in Balboa Park and Escondido. Brandes is chairman of the firm’s five-member executive committee where he helps make strategic decisions and monitor company goals. He’s also on the company’s mid-cap and investment oversight committees. He serves as a senior institutional portfolio manager for a limited number of clients. According to Gurufocus.com, Brandes bought 40 stocks in the past six months, with an average return of 2.93 percent.
He is the author of “Value Investing Today” and serves on the boards of the Salk Institute for Biological Studies and the Whittier Institute for Diabetic Research.
, Mark Larson