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How Did Allan Gray Make His Money? The Story Of A South African Investing Legend

How did Allan Gray make his money?

Allan Gray returned to South Africa in 1973 and founded what would become Allan Gray Limited in Cape Town. The company initially focused on investment counseling and later expanded to include institutional clients. This was a smart move that allowed Allan Gray to tap into a wider pool of investors. He later set up Orbis Investment Management in 1989 in London to focus on investing in international markets. This bold move allowed him to expand his investment horizons and gain access to a whole new world of investment opportunities.

Allan Gray’s success in both South Africa and the UK came from his dedication to sound investment principles and his ability to identify undervalued companies. He believed that value investing is the key to long-term success and focused on finding companies that were trading below their intrinsic value. This strategy, which involves buying and holding stocks for the long term, proved to be highly effective. He was known for his meticulous research and his willingness to take a contrarian approach to investing, often betting against the market consensus. His success also came from his commitment to ethical investing, prioritizing social and environmental considerations in his investment decisions. By focusing on long-term value creation and ethical practices, Allan Gray built a successful investment management company that continues to grow and thrive to this day.

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