Posted by & filed under Growth & Valuation, Industry Analysis, Management Issues, Personal Finance.

Description: Gary Ng may not be well-known in Toronto’s financial circles, but he’s amassed an impressive resume: internet millionaire at 16, industrialist in China at 24 and a master at golf soon after. Now at the ripe age of 35, he’s set an ambitious target for his next venture in the money management space, looking to quadruple assets to $50 billion in three years. Given his track record, you wouldn’t want to doubt him.

Source: BNNBloomberg.ca – video report

Date: Sep 20, 2019

Link: https://www.bnnbloomberg.ca/admiral-gary-ng-looks-to-expand-canada-asset-fleet-to-us-38-billion-1.1318843

Questions for discussion:

  • What is the business model Gary Ng is following as he builds through acquisitions?
  • Why has the firm been so successful?

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