Peter Lynch

Peter Lynch is a well-known investor and mutual fund manager. He is also known as a philanthropist. He was the manager of Magellan Fund at Fidelity Investments from 1977 to 1990. He was able to have an average of 29.2 annual returns. Assets under management also increased from $18 million to $14 billion during his thirteen-year tenure. He also wrote and co-wrote a number of books and papers on investing techniques. From his performance record, the financial media has described him as a legend.

Well, how well do you know about Peter Lynch? If not much, we have compiled all you need to know about Peter Lynch’s net worth in 2021, his age, height, weight, wife, kids, biography and complete details about his life. Well, if you’re all set, here is what we know about Peter Lynch to date.

Biography and Early Life

Peter Lynch was born, Massachusetts on 19 January 1944. Though he has not disclosed the names of his parents and that of his siblings, he says that his father was diagnosed with cancer when he was seven years. Three years later, his father died, and his mother had to take responsibility for her family. During his early teens, he worked as a caddie to support his family.

During his sophomore, he bought shares at 48 per share using his savings. The stock later rose to $80 per share and helped him pay for his education.

Age, Height, Weight & Body Measurement

So, how old is Peter Lynch in 2021 and what is his height and weight? Well, Peter Lynch’s age is 77 years old as of today’s date 2nd August 2021 having been born on 19 January 1944. Though, he is 5′ 8″ in feet and inches and 172 cm in Centimetres tall, he weighs about 180 lbs in Pound and 82kg in Kilograms.

Education

Lynch graduated from Boston College, where he studied history, psychology, and philosophy. He catered for his education using the profits he acquired from the sale of the shares. In 1968, he earned his Master of Business Administration from the Wharton School of the University of Pennsylvania.

Personal Life: Dating, Girlfriends, Wife, Kids

Peter was married to Carolyn Ann Hoff, and together they had three daughters. Unfortunately, his wife died in 2005 after having some leukemia complications.

One of the titles he has got is Chairman of Lynch Foundation after co-founding it.

Is Peter Lynch Gay?

Lynch is straight as far as sexual orientation is concerned. He is neither gay nor bisexual and has never had such rumors all his life. He was staying with his wife until she met her death in October 2005. He is blessed with three daughters.

Professional Career

After being a caddie for Fidelity’s president, George Sullivan at Brae Burn Country Club, Lynch was hired as an intern with Fidelity Investments in 1966. He was hired permanently in 1969 and became Fidelity’s director of research from 1974 to 1977. He became the head of Magellan Funds in 1977, with assets worth $18 million. Within thirteen years, the funds had grown to more than $14 billion and over 1000 individual stock positions.

Lynch has written three texts on investing together with his co-author, John Rothchild. The books are; One Up on Wall Street, Beating the Street, and Learn to Earn. Each of the three books has a major role to play as Learn to Earn was written for investors of all ages, especially teenagers. One Up was for theory, while Beating the Street is mainly application. He has also written series of investment articles for Worth Magazine.

One of his investment principles is “Invest in What You Know,” as it will help individual investors find the best-undervalued stocks. He explains that he once invested in Drunkin’ Donuts after he was impressed by their coffee rather than reading about the company.

Awards

Lynch is one of the most successful men in the industry of investment funds. He has left a mark at Magellan Fund while he was manager of the Fidelity Investment as he made a yearly average return of 29.2%. In 1992, he received Seton Award from the National Catholic Education Association. In 1992, he was inducted into the Junior Achievement U.S. Business Hall of Fame.

Net Worth, Salary & Earnings of Peter Lynch in 2021

Having been a great American investor, Peter has accumulated an estimated net worth of $470 million as of 2021. Through this, he has turned out to be a generous philanthropist from the huge investments he makes. He has acquired his wealth from being a manager of fidelity investments and also his Lynch Foundation.

Some Interesting Facts You Need To Know

• His foundation donated $10 million to his former college, which in turn named the college the Lynch School of Education and Human Development.
• He is a member of the Harvard Medical School Board of Fellows.
• His foundation was one of the major supporters of Partners in Health, AmeriCares, and Teach for America.

Peter Lynch will remain a legend in the investment of funds. He has continued to work as vice-chairman at Fidelity Investment. Also a part-time worker at Fidelity Management & Research Company. He has decided to use some of his time to inspire young analysts and train them. His foundation also greatly contributes to society in terms of education, religion, cultural and historical organizations.