Rick Rule Net Worth: Rick Rule is an American native and has a net worth of $130 million due to his extensive investment portfolio. That Sprott US. Holdings Inc. is the founder of, a U.S. Is a brokerage and asset management firm specializing in investment opportunities in natural resource companies and other industries.
Rick Rule net worth is estimated at $133 million. This is only an estimated rate but you can rely on his actual net worth around this figure. Rick Rule is a very successful founder and CEO. Business is currently his known source of wealth.
Rick has held portfolio management positions at other companies such as Resource Management Investment Corporation and Sprott Asset Management USA, where he leads a team of professionals in evaluating investment options.
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Who is Rick Rule?
Rick Rule is a well-known investor and speculator in the resources sector. Rick Rule, 70, investor and speculator. We can discuss the difference later. I started investing in natural resources in 1974 at the age of 21. I have since been primarily involved in investing in natural resources and later in traditional financial services.
I define natural resources relatively broadly, including mining, oil and gas, other forms of energy, agriculture, timber, water, and some forms of real estate. And I have done so continuously since 1974.
I have built many financial services businesses, wealth managers, asset managers, insurance companies, and banks on the broader natural resources theme.
And as a result, I’ve become a pretty good investor in financial services businesses as well as natural resource businesses. And I continue to practice investing and speculating around both. I formed a business that became known as Sprott US Holdings, part of the Sprott Group SII on the New York Stock Exchange.
I am now resigned from Sprott, although I am still their largest shareholder, and I serve on their board of directors and will continue to do so for about five more weeks. I resigned from the AGM this year.
Rick Rule Biography
Rick is a Native American and his birth name is Rick Rule. Rick Rule is the CEO and Founder of Sprott Global Resource Investments. Rick Rule is from Escondido, California, United States. Rick is a successful businessman and has taken his business to new heights.
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Rick Rule Education
After completing college in the US, 16-year-old Rick became interested in natural resources. He moved to Canada to attend the University of British Columbia, where he earned a bachelor’s degree in natural resource finance in 1970.
Rick Rule Marital Status
Rick Rule has kept a relatively private life regarding whether or not he is married. So, his marital status is not available at this time.
Rick Rule Professional Life
Rick Rule began his professional career in the securities business in 1974 at the age of 21, before moving on to investing in other industries as well as natural resources securities. Rick was fortunate that his talent coincided with the natural resources market boom of the 1970s and 1980s.
As a speculator, he owned a bar in the financial district of downtown Vancouver, which gave him unparalleled access to information. Based on such intelligence, he received his securities license. After four decades in investment management, Rick resigned from Sprott Holdings but remains the company’s largest shareholder.
Rick Rule Age, Height, and Weight
Born in 1956, Rick Rule is currently 67 years old, weighs 78 kg, and has a height of 5 feet 11 inches.
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Rick Rule Net Worth
Looking at his investment portfolio in various industries and equity transactions between public and private companies, Rick Rule’s net worth is estimated to be $130 million as of 2023.
What is the salary of Rick Rule?
Sprott US As President and CEO of Sprott, Arthur Rule’s total compensation is CAD$1,614,090. Three executives are getting higher pay at Sprott, with Peter Grosskopf receiving the highest compensation at $3,272,000.
Rick oversees a group of experts in evaluating investment prospects in his roles as a portfolio manager at Rule Resource Management Investment Corporation and Sprott Asset Management USA, among many other organizations. This article outlines Rick’s path from a strong educational background in natural resource investing to becoming one of the top investors of his generation.
The Career of Rick Rule
Rick Rule began his professional career in the securities industry in 1974 when he was 21 years old. He also invested in natural resources stocks and other businesses. Rick was fortunate enough that his skills coincided with the growth in the natural resources industry during the 1970s and 1980s.
He was a speculator with unmatched access to information because he once operated a bar in the financial sector of downtown Vancouver. Based on this information, he obtained a securities license. Rick left Sprott Holdings after forty years as an investment manager, yet he is still the company’s largest shareholder.
Rick Rule on International Real Estate
If you’ve been following me for a while, you know I don’t only invest in emerging market real estate. For example, I have been heavily involved in uranium, oil, and precious metals over the past few years.
Those who are familiar with commodity investing have likely heard of Rick Rule, one of the most famous investors and speculators in this area. I was very happy to have him on my channel. We discussed the usual topics of precious metals, uranium, and oil, but also his investments in international real estate and a new bank he is launching.
Specifically, this bank will offer loans to US individuals for international real estate investments, as well as loans to US and non-US customers with physical precious metals as collateral. I have signed up for the waiting list and will see how things develop with this bank. It certainly sounds quite interesting.
Rick Rule take on Silver
It is more unstable. It has a low unit cost, so punters from places like Brazil, Bangladesh, and India can participate. But what I have seen is that where silver moves later, it moves further and faster. And so in my experience, while the precious metals bull market is led by gold, the most dramatic upside for speculators is in the silver sector.
The most speculative upside of all is in silver stocks because the universe of justified speculation in silver stocks is so small, the market capitalization is so small, that is when the typical investor succumbs to the precious metals story and starts moving into the silver sector. It does, the silver space isn’t big enough to handle it.
My friend, Doug Casey, describes the incident as trying to drain the Hoover Dam with a garden hose. There is not enough market capitalization to accommodate the money coming into the silver mining sector.
The irony is that as the price of silver and silver stocks rise, even if they become less attractive on an absolute basis, the price increase validates this story. And as the price rises, it becomes more attractive to people who haven’t studied history or economics.
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Rick Rule Take on Oil
The smooth transition in the oil market occurred during the Covid period when the price of oil was less than US$20 per barrel and the full cost of producing a barrel of oil worldwide was $60. It was quite clear that the price of oil would triple or no one’s cars would start.
You still have a business that is priced as if the oil business will be out of business in six or seven years. I suspect peak oil demand will be in 2050 or 2055, meaning the terminal value you give oil investors is a necessity, considering terminal values are 35 years away.
On a global basis, the oil industry is underinvesting about a billion dollars a day in terms of sustaining capital investments. And if you don’t make those sustaining capital investments, your ability to produce at current levels declines.
This means, ironically, that the big thinkers in the world, the people who are responsible for declining investments in oil and gas, which is to say, President Biden, Trudeau, you know, the big thinkers of the world, are, ironically, responsible for keeping the price up.
So investing in companies that are maintaining adequate sustainable capital investments as well as sharing their record-high free cash flow with investors remains a very, very, very good investment.
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Rick Rule Net Worth Frequently Asked Questions (FAQs)
How much is Rick Rule net worth?
Rick Rule net worth is $133 Million.
How old is Rick Rule?
Rick Rule is 50 years old.
Who is Rick Rule?
Rick Rule is the CEO and founder of Sprott Global Resource Investments.
Is it good to invest in uranium?
UEC is up 26% in 2023 and has more than tripled in the last five years. Just last week, the stock tagged a new 52-week high of $5.77. In fiscal 2023 (ended in July), Uranium Energy reported revenue of $164 million after it sold 3.15 million pounds of uranium.