His friends buy Gucci shoes, he prefers shares in the company

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Richard SchaeliHis friends buy Gucci shoes, he prefers shares in the company

Young investor Richard Schäli made it to the prestigious Forbes list at the age of 16. That’s how he entered the world of finance.

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Richard Schäli is on the new “Forbes” list among 30 under 30 in Switzerland, Germany and Austria.

Forbes

With this list, the business magazine honors people who have achieved extraordinary things despite or precisely because of their age.

With this list, the business magazine honors people who have achieved extraordinary things despite or precisely because of their age.

Screenshot of Forbes.at

According to

According to “Forbes”, Schäli already manages an eight-figure amount of money for customers.

20 min / Marco Zangger

It’s about it

  • Richard Schäli ends up on the “Forbes” list among 30 under 30.

  • The young investor started his own asset management company when he was eleven.

  • Instead of a game console, he preferred to trade stocks.

He bought his first share when he was seven and started his own wealth management company at eleven. Richard Schäli is 16 years old today. Now he will make it to the prestigious Forbes 30 under 30 list in Switzerland, Germany and Austria.

With this list, the business magazine honors people who have achieved extraordinary things despite or precisely because of their age. According to “Forbes”, Schäli already manages an eight-figure amount of money for customers. He also attends Kanti, but is currently taking a semester off to learn Mandarin in Singapore and broaden his horizons, he tells the magazine.

Check share prices during the school holidays

Schäli’s first share was from the insurance company Zurich. When it was up 20 percent in a year, he realized that the stock market could be exciting He writes Financial Media. At the age of ten, Schäli won a business competition in which 2.7 million people participated. His plant grew more than 5,000 percent in one year.

At school, he uses every break, however short, to check his current financial situation, a young investor once said “Radiopilot”. For example, he repeatedly managed to make money investing birthday money.

Replacement console

Instead of a game console, Schäli preferred to deal with stock trading. It’s also a game, but a risky one if you don’t spread the stock widely. His friends are not very interested in the stock market. But he doesn’t care about brands like Gucci like he does “Handelszeitung” he said. When there was hype about the brand at his school, he joined Gucci owner Kering and benefited from it.

His parents sometimes told him to take a break. But vacations or doing nothing were not part of his lifestyle. He once said that he likes to read financial news and search documents about companies and industries for an average of twelve hours a week. He also wrote to well-known authors from whom he received tips.

30 under 30 from Switzerland

  • Anna Grace Fall: Buy food with plastic

  • Janette Wiget: Merantix

  • Bea Albermann: Health for the future Switzerland

  • Marie-Claire Grafová: Academy of Youth Negotiators

  • Emilie Raffa: ChainSecurity

  • Marina Rafail-Vogiatzakis: marinaraphael

  • David Cleres: girl code too

  • The rest of the people on You can find the Forbes list here.

Schäli also relies on prominent mentors such as Jorge Lemann, whom he met and spoke to by chance. The Brazilian-Swiss multibillionaire rose to prominence thanks to investments in companies such as Burger King and brewing giant Anheuser-Busch.

Learned from father

Probably the youngest wealth manager in Switzerland did not discover the financial world alone. His father is the chief investment officer of a large asset manager. “Of course it was inevitable that I would soon hear terms like stocks and then look them up,” Schäli once said. “Finews.ch”. But his family never pressured him.

Last year, Schäli said he wanted to study something related to finance in the future and later work in the financial sector. He was interested in small companies where he could make a difference, as well as sustainability and health. In the long term, his future themes are Asian markets and crypto.

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