Andre Hakkak is a significant player in the financial industry and is best known for his role as CEO of White Oak Global Advisors. As a founder of White Oak, he has been instrumental in shaping the firm into a respected leader in asset management. Hakkak’s entrepreneurial spirit doesn’t stop there; he has founded and managed several other companies, each contributing to his substantial fortune.
2024 Andre Hakkak’s net worth is estimated at $200 million. This remarkable wealth reflects his business acumen and strategic insights into the financial markets.
How Much is André Hakka Worth in 2024?
André Hakkak: Financial Profile and Impact in 2024
Net Worth
- Estimated Net Worth: $100 million in 2024.
Source of Wealth
- Hakkak is a prominent tech entrepreneur and founder of multiple startups with a strong focus on investing in emerging technologies.
Notable Ventures
- He founded a leading AI company specialising in healthcare solutions, revolutionising the application of technology in the medical field.
Investments
- André has made a name for himself as an early investor in several thriving tech startups, particularly in the fintech and biotech sectors, demonstrating his keen eye for promising innovations.
Real Estate
- His portfolio includes luxury properties in Silicon Valley, New York, and Paris, reflecting his success and lifestyle.
Philanthropy
- Hakkak actively supports initiatives focused on technology education and sustainable development, showcasing his commitment to giving back to the community.
Business Philosophy
- He advocates for using technology to solve real-world problems and enhance the quality of life, emphasising a mission-driven approach in all his ventures.
6 Fun Facts About André Hakka
- Tech Innovator: Hakkak began coding at 12 years old and launched his first startup while still in college, showcasing his early passion for technology and entrepreneurship.
- AI Advocate: He is a prominent voice in the AI community, actively advocating for ethical AI practices to ensure responsible development and deployment of artificial intelligence technologies.
- Serial Entrepreneur: Hakkak has founded or co-founded over a dozen companies in the tech industry, demonstrating his relentless drive and innovative spirit.
- Global Impact: The technologies developed by his companies are utilised by millions worldwide, illustrating his work’s significant reach and influence.
- Passion for Learning: Hakkak frequently speaks at tech conferences and writes about the future of technology, sharing his insights and encouraging others to explore new ideas.
- Visionary Leader: He is known for his forward-thinking approach and keen ability to foresee market trends, positioning himself as a leader in navigating the evolving tech landscape.
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Andre Hakkak’s Net Worth: Full Breakdown
Determining André Hakkak’s net worth can be challenging due to limited public information regarding his stakes, assets, and investments across various businesses. However, thorough research has compiled a breakdown highlighting the main contributions to his substantial wealth.
| Asset or Income Source | Contribution to Net Worth |
| White Oak Global Advisors stake | Undisclosed |
| Real estate sales profits | $14.4 million |
| Real estate holdings | Undisclosed |
| Total Net Worth | $200 million |
Key Highlights:
- White Oak Global Advisors: Hakkak’s stake in this prominent investment firm significantly contributes to his wealth, though the exact value remains undisclosed.
- Real Estate Sales Profits: He has realized $14.4 million from real estate sales profits, showcasing his understanding of property investments.
- Real Estate Holdings: While the value of his current real estate holdings is not publicly available, it is an essential aspect of his overall net worth.
Overall, Hakkak’s estimated net worth stands at $200 million, reflecting his successful career in finance and investments.
Latest News and Controversies for Andre Hakkak
- Lawsuit Against White Oak Global Advisors: In 2024, White Oak Global Advisors, which André Hakkak co-founded, faced a lawsuit. The lawsuit claims the firm committed fraud and breached its duty to clients. It says that White Oak prioritised its interests over those of its investors, resulting in financial losses. If these claims are proven true, they could hurt the firm’s reputation and standing in the finance world.
- Expansion and Success in 2023: White Oak Global Advisors had a strong year in 2023 despite the lawsuit. The firm successfully deployed over $1 billion in capital. It continues to grow by offering flexible financial solutions to mid-sized businesses. Due to new regulations, this is especially important as traditional banks are becoming more cautious about lending.
- Leadership in Alternative Investments: André Hakkak is recognised for his leadership in alternative investments. Under his direction, White Oak has managed billions of dollars in assets. The firm has become an essential provider of private credit solutions for businesses, further boosting its reputation in the financial industry.
Early Life and Education
André Amin Hakkak was born on January 5, 1973, in Tehran, Iran. When he was young, his parents, Reza and Parvin Hakkak, moved the family to the United States, where he spent most of his childhood.
From an early age, Hakkak was a child prodigy. He often won school debate competitions and excelled in his studies. After graduating high school, he enrolled at the Haas School of Business at the University of California, Berkeley, where he studied Finance and Marketing.
Hakkak earned his Bachelor of Science degree in Finance and Marketing. He then decided to further his education by pursuing a Master’s in Finance, which he completed at the University of Chicago.
Personal Life
André Hakkak is married to Marissa Shipman, an entrepreneur and founder of Balm Cosmetics in San Francisco. The couple met in 2012 at a tech convention and married in 2015. They have two children together, Ariana and Darius Hakkak.
Andre Hakkak Net Worth: Successfully Navigating the Financial Industry
With the skills and expertise he gained from his education, André Hakkak has thrived in the financial world over the last few decades.
From a young age, he developed a strong interest in economics and finance. He pursued this passion and earned qualifications that helped him secure solid jobs right from the start of his career. Let’s look at how his journey led him to achieve professional and financial success.
Early Career Days
André Hakkak began his career in finance in the early 1990s. He started working in investment banking at Robertson Stephens & Co. During his time there, he served as an investment banker and Principal at the investment company Act Platform.
After an undisclosed period at Robertson Stephens, he became the portfolio manager at Suisse Global Investments, a company he co-founded with other partners.
Suisse Global Investments
Not much is known about Suisse Global Investments, and André Hakkak’s earnings or stake in the investment management firm were never made public. However, the company served clients in 30 countries, indicating that it was a successful business in the financial sector. This success likely contributed significantly to André Hakkak’s net worth.
Hakkak served as the portfolio manager at Suisse Global Investments from 1995 to 2000. After that, he became the chief investment officer at Alpine Global, a role he held until 2007.
White Oak Global Advisors
In 2007, André Hakkak partnered with Barbara J.S. McKee to found a new investment management firm called White Oak Global Advisors. The firm aimed to provide credit financing options for small and medium-sized enterprises (SMEs).
Under Hakkak’s leadership, White Oak Global Advisors quickly gained popularity. By 2021, the company had raised $1.3 billion in private funds and provided $24 billion in capital to over 20,000 SMEs.
What Else Does Andre Hakkak Invest In?
In addition to his work at White Oak Global Advisors, André Hakkak invests in a variety of sectors, including:
- Real Estate: Hakkak has built a portfolio of luxury properties in key markets, including Silicon Valley, New York, and Paris.
- Technology Startups: He is an early investor in several tech startups, particularly in the fintech and biotech industries, focusing on innovative solutions and emerging technologies.
- Alternative Investments: Hakkak is known for exploring alternative investment strategies, including private equity and venture capital, to diversify his investment portfolio.
- Sustainable Ventures: He is interested in companies and projects promoting sustainability and social responsibility, aligning his investments with ethical practices.
- Healthcare Innovations: Given his involvement in AI, Hakkak also invests in healthcare technology companies that aim to improve patient care and medical solutions.
Alpine Global Inc.
André Hakkak founded his second business, Alpine Global, in 2007. This strategic investment management firm focuses on real estate and fixed-income investments.
At Alpine Global, Hakkak serves as the company’s chief investment officer and co-founder.
Unfortunately, similar to Suisse Global, very little information is available online about Hakkak’s earnings and stake in Alpine Global.
Other Roles
André Hakkak is also an opinion columnist for CEOWORLD Magazine. His contributions include a 2021 post discussing leadership in a post-pandemic world.
Philanthropic Endeavors
André Hakkak has supported healthcare and education initiatives through the Hakkak Family Foundation and his work at White Oak Global Advisors for many years.
He is also an advocate for reducing the global carbon footprint. So far, he has led initiatives through White Oak that focus on fighting climate change and solar energy financing.
Real Estate Investments
In 2020, André Hakkak purchased a house in Coral Gables, South Florida, for $13.6 million. Recently, he and his wife, Marissa Shipman, sold their Gables Estates mansion for $28 million. However, information about their current residence has not been publicly disclosed.
What Can We Learn from Andre Hakkak’s Story?
André Hakkak’s story is impressive and offers many valuable lessons.
He has built substantial wealth and influence in the financial sector through his deep industry knowledge and strategic vision. This highlights the importance of combining an educational background with hands-on experience in finance and any field.
Starting in investment banking, Hakkak navigated various roles at financial institutions. As a portfolio manager and co-founder at Suisse Global Investments, he showcased his talent for risk management, a skill that helped him create several successful businesses.
His strategic vision became evident when Hakkak founded White Oak Global Advisors in 2007. The company solidified its reputation as a leader in credit financing and propelled the business to prominence. Its expansive portfolio reflects his commitment and innovative approach to financial services.
