Andrew Formica, the Chief Executive Officer of Jupiter Fund Management, has just abandoned his position in order to pursue his dream of doing nothing but relaxing on the beach.
After making the choice to retire, Formica said that he intends to return to the country in which he was born and raised in order to spend quality time with his parents. Formica was born and raised in Australia.
The CEO is just 51 years old, but he has already accomplished a great deal in his career, including elevating the asset management firm to a valuation of $68 billion (£55.3 billion).
He says, “I really just want to go and do nothing while I’m at the beach. I can’t seem to get my thoughts away from this.”
It is sufficient to compare Formica to other company founders who have become billionaires, such as Elon Musk and Mark Zuckerberg, the former of whom is estimated to be worth $225.3 billion and the latter of whom is estimated to be worth $57.9 billion, in order to comprehend Formica’s path to financial success
Reportedly, Elon Musk is now on the right track to become the world’s first trillionaire by the year 2024.