Introduction
Andre Hakkak, co-founder and CEO of White Oak Global Advisors, is a prominent figure in the world of finance. Known for his leadership in venture capital and alternative investments, Hakkak has built a fortune that reflects his strategic acumen and diversified financial portfolio. Estimating his net worth can be challenging, but figures suggest it lies between $200 million and $10 billion. This vast range highlights the complexity of evaluating wealth in high finance, which can fluctuate with market trends and investment performance.
Age
Andre Hakkak was born on January 5, 1973, making him 51 years old as of 2024. His early life experiences, including his upbringing in Tehran, Iran, and subsequent migration to the United States, likely shaped his work ethic and financial mindset.
Education
Hakkak holds impressive academic credentials. He earned a degree in finance from the Haas School of Business at the University of California, Berkeley. Later, he pursued further education, obtaining a Master’s degree in Finance from the University of Chicago. This robust educational background gave him the technical expertise and strategic skills necessary for his career in investment management and entrepreneurship.
Family
Andre Hakkak and Marissa Shipman are the proud parents of two children, Ariana Hakkak and Darius Hakkak. Despite his busy professional life, Hakkak places significant importance on family values. The family’s philanthropic initiatives, managed through the Hakkak Family Foundation, reflect their commitment to making a positive societal impact. These efforts focus on healthcare, education, and environmental sustainability, embodying the couple’s shared dedication to giving back to the community.
Key Sources of Wealth
Hakkak’s primary wealth source is White Oak Global Advisors, which he co-founded in 2007. The firm specializes in providing customized lending solutions to small and medium-sized enterprises (SMEs) and manages over $10 billion in assets. Under his leadership, White Oak has distributed more than $24 billion in capital to 20,000 businesses, cementing its place as a powerhouse in asset management.
Besides White Oak, Hakkak’s real estate ventures also contribute to his wealth. He owns several luxury properties, including a $13.6 million mansion in Coral Gables, Florida. His ability to identify lucrative real estate assets adds stability to his financial portfolio.
| Attribute | Details |
|---|---|
| Full Name | Andre Hakkak |
| Date of Birth | January 5, 1973 |
| Age | 51 years (as of 2024) |
| Zodiac Sign | Capricorn |
| Education | – Bachelor’s in Finance, UC Berkeley (Haas School of Business) – Master’s in Finance, University of Chicago |
| Career | Co-founder and CEO, White Oak Global Advisors (founded in 2007) |
| Estimated Net Worth | $200 million – $10 billion (as of 2024) |
| Primary Business | White Oak Global Advisors: Manages over $10 billion in assets and has issued $24 billion in capital to SMEs |
| Spouse | Marissa Shipman, founder of Balm Cosmetics |
| Children | Two: Ariana Hakkak and Darius Hakkak |
| Philanthropy | Hakkak Family Foundation, supporting education, healthcare, and environmental sustainability |
| Residence | Coral Gables, Florida (owns high-value real estate properties) |
| Other Ventures | Alpine Global Inc. (real estate and renewable energy) Investments in AI healthcare and tech startups |
| Weight | 170 lbs (77 kg) |
| Key Traits | Entrepreneurial, strategic investor, philanthropist |
Strategic Investments and Ventures
Hakkak’s investment strategy extends beyond traditional finance. His ventures include tech startups, renewable energy projects through Alpine Global, and healthcare-focused AI companies. This diversified approach ensures his wealth isn’t concentrated in one sector, shielding him from market volatility.
Moreover, Hakkak is known for investing in companies with high growth potential, targeting a 15-20% return on investments over 3-5 years. These ventures demonstrate his forward-thinking ability to capitalize on emerging trends.
Lifestyle and Philanthropy
While Hakkak enjoys the fruits of his financial success, he also believes in giving back. Through the Hakkak Family Foundation, he has donated millions to causes such as education, healthcare, and environmental sustainability. He supports initiatives like the Make-A-Wish Foundation and the American Cancer Society, underscoring his commitment to social responsibility.
Relationship
Andre Hakkak is married to Marissa Shipman, a successful entrepreneur in her own right. Shipman is the founder of Balm Cosmetics, a beauty brand with a loyal following. The couple’s shared entrepreneurial spirit and business savvy make them a formidable pair, both thriving in their respective fields. While details about their private life remain limited, their dynamic partnership reflects mutual support and ambition. See More
Conclusion
Andre Hakkak’s wealth is a testament to his expertise in finance, real estate, and venture capital. His role at White Oak, coupled with strategic personal investments, has established him as a major player in the financial industry. Though estimates of his net worth vary widely, one thing is clear: Hakkak’s influence and success are far-reaching, and his wealth will likely continue to grow with time.
His journey showcases a blend of financial insight and philanthropy, making him not only a business leader but also an inspiration for others in the industry.
Sources: CoinCodex, Envysparkle, Mash Magazine.
FAQs
1. Who is Andre Hakkak?
Andre Hakkak is the co-founder and CEO of White Oak Global Advisors, a finance firm specializing in asset management and alternative lending. He is a seasoned entrepreneur, investor, and philanthropist.
2. What is Andre Hakkak’s net worth?
His net worth is estimated to be between $200 million and $10 billion, reflecting the broad range of investments and assets under his management.
3. What does White Oak Global Advisors do?
White Oak Global Advisors focuses on lending to small and medium-sized enterprises (SMEs). The firm has managed over $10 billion in assets and provided $24 billion in loans to businesses.
4. Is Andre Hakkak married?
Yes, he is married to Marissa Shipman, the founder of Balm Cosmetics. Together, they have two children, Ariana and Darius.
5. What causes does Andre Hakkak support?
Hakkak is an active philanthropist through the Hakkak Family Foundation. He supports education, healthcare, environmental sustainability, and organizations like the American Cancer Society and Make-A-Wish Foundation.