Mark Coombs Net Worth

What is Mark Coombs' Net Worth?

Mark Coombs, a British businessman, has amassed a net worth of $2.3 billion. Coombs achieved billionaire status through his successful foundation of the Ashmore Group, a fund management firm specializing in investments in bonds, equities, and currencies within emerging markets such as Latin America and Asia.

Early Career and Education

A Cambridge alumnus with a degree in law, Coombs commenced his professional journey at Australia & New Zealand Banking Group. His career trajectory took a significant turn in 1998 when he became CEO of Ashmore. Under his leadership, the company saw a pivotal buyout in 1999 and subsequently went public in 2006, raising $2 billion in the process.

Business Achievements

In 2011, Coombs capitalized on cheaper equities, acquiring Emerging Market Management for $246 million. This strategic move more than doubled Ashmore's assets under management, which climbed to $71 billion.