Antonio Gracias isn't a new name in the American business society. He is the founder and chief executive officer of an investment firm, Valor Equity Partners. Moreover, the company focuses on providing control and non-control investments to other high-growth firms to help them scale.
The businessman has helped develop many companies under his guidance over the last two decades. However, his most notable contribution has to be in Elon Musk's company Tesla, Inc. He helped uplift the motor company from the financial crisis in 2008.
So, let's learn more about this talented investor in this biography.
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Antonio Gracias Has a Law Degree
The businessperson was born Antonio Jose Gracias in Detroit, Michigan. His parents were immigrants who raised him and his siblings in Grand Rapids.
Antonio Gracias' father was a neurosurgeon from Goa, India. Likewise, his mother, Maria Gracias, is a native of Spain who worked as a pharmacist. Moreover, both had high expectations for their children in education, so it is no surprise that Antonio's two brothers became doctors while his sister serves as a dentist.
Antonio Gracias' parents prioritized education and placed high expectations on their kids. Photo Source: Social Media.
The investor also took studies seriously from a young age. After completing high school, he enrolled at George University Walsh School of Foreign Service. In addition, he also studied corporate structures and economic development at Waseda University for a year.
Eventually, Antonio received a Bachelor's and Masters' degree in International Finance and Economics. He later obtained a J.D. from the University of Chicago Law School.
Antonio Gracias Net Worth And Career
While attending law school, Gracias developed an interest in the business. As a result, instead of becoming a lawyer, he started his entrepreneurial career. Hence, Antonio Gracias' net worth mainly comprises his earnings from his business profession.
The businessman initially worked at Goldman Sachs for two years before founding his first firm MG Capital in 1995. He originally invested $130,000 of his own and $270,000 from other sources.
Antonio and his partners built MG Capital into a $125 million-company before selling it. Afterward, he founded Valor Equity Partners in 2001. Moreover, he currently works as the firm's CEO and Chief Investment Officer.
The entrepreneur's firm initially invested in small-scale businesses and companies. But, now its portfolio features AMP Robotics, Little Spoon, SpaceX, Manduka, Wow Bao, etc.
Gracias' best investment is said to be on Tesla, which has brought him an enormous fortune. After four years of his intervention, the company generated $385.7 million in sales. Moreover, the automotive company's value crossed one trillion following its deal with Hertz Global Holdings, Inc., in October 2021.
Antonio Gracias' net worth comprises his earnings from his multiple investments. Photo Source: Social Media.
The business tycoon served as Tesla's director from 2007 to 2021. He sold 338,493 shares worth $610 million in October 2021. Moreover, his sales for the last eleven years in the company are speculated to be $355.82 million.
Hence, the entrepreneur has earned a notable figure from his investments. He must also make a hefty income from his private company. Thus, according to Benzinga, Antonio Gracias' net worth is estimated to be $891.08 million.
Another industrialist with a massive fortune is the CEO of Moët Hennessy Louis Vuitton (LVMH) Bernard Arnault.
Gracias' House
Antonio likely enjoys a comfortable life considering his vast wealth. He paid $8.35 million for two adjoining condos in Gold Coast Building in 2012. Moreover, it was named among the city's top 10 highest-priced condo sales of that year.
The business magnate purchased an additional condominium unit in the same building in 2015. He paid $5.3 million for his new addition, putting his combined price to $13.65 million.
Antonio Is A Married Man
We often find connections with people with similar interests. The same could be said for the business mogul who has found a partner involved in a business sector.
Antonio Gracias' wife, Sabrina P. Gracias, works as Director of Client Service at Valor. She holds a B.A. in marketing degree and a C.E. in finance from Oxford University.
The pair have decided to keep their relationship away from media attention. So, information regarding the couple's dating history and marital has not been revealed yet. Nonetheless, the duo must possess a good understanding and trust in each other. Both might also have an excellent connection as co-workers in the same firm.
Antonio's spouse, Sabrina, is a person of secrecy who doesn't rely much on social media. Nonetheless, we often see her accompanying her husband in various functions and events.
Antonio Gracias' Wife Sabrina Is Experienced In Investment Management
Antonio's partner, Sabrina, previously worked as a Regional Director for Institutional Sales at Russell Investment Group. She was responsible for marketing the firm's fund of fund strategies.
The businesswoman's portfolio also lists her experiences at State Street Global Advisors, Stein Roe & Farnham Inc, and SEI Corporation. In addition, she holds more than twenty years of investment management experience.
At present, Gracias' wife, Sabrina, manages new business development, fundraising, and client service at Valor. She has likely achieved fantastic results for the company.
Antonio Is A Father Of Three
The CEO has fathered three lovely kids from his marriage. His son Santiago Gracias is the eldest out of his three children.
Gracias welcomed his only daughter, Marisa Gracias, three years after his firstborn. And the following year, his youngest child, Antonio Gracias, was born.
However, Antonio Gracias' children have decided to stay out of the limelight. Nonetheless, they must be enjoying a comfortable life from their father's fortune.
Hopefully, Gracias shares more about his family in the media in the future.
Trivia And Facts
- Antonio is a trustee of The Aspen Institute.
- He was appointed to the Presidential Ambassadors for the Global Entrepreneurship Program in 2015.
- He serves as a member of the University of Chicago Board of Trustees.
