Andrew Left Net Worth

Andrew Left Net Worth – $5 million

What is Andrew Left’s net worth?

Introduction

Andrew Left is an American author, editor, activist, short seller, and philanthropist.

He is most notably recognized as the researcher and editor of his online investment newsletter, Citron Research.

His research is meant to expose public companies he believes are manipulating data to achieve corporate and executive financial gain.

Simply put, Andrew is known as the America Bounty Hunter of Wall Street.

The Origin Story

On July 9, 1970, Andrew Short was born in Detroit, Michigan.

His family later relocated to Coral Springs, Florida, where he would spend the duration of his childhood.

He attended Coral Springs High School and stood out as an academically gifted student.

He was an active member of the Jewish Youth Group and the debate team. Following his high school graduation, he attended Northeastern University.

He always had a spark for the financial sector and knew he wanted a career in investments, which he pursued.

Straight out of university, he landed a job as a junior sales person at Universal Commodity Corp.

While the job only lasted nine months, Andrew found himself in hot water a few years following his departure.

There were accusations that he engaged in dishonest and fraudulent behavior, but he was never found guilty.

When the dust settled, Andrew began a new short-selling career, a questionable investing craft he became acquainted with while working for Universal Commodity Corp.

He eventually began specializing in shorting stocks from bulletin-board scams, where he would use catchy email copy to sway the actions of the people he emailed. While his career, although questionable at best, appeared to be progressing, he had his eyes set on becoming a leader in the investing space.

Detour Media

In April 1999, Andrew became the CEO and president of Detour Media and was designated director of the company in November.

He was a mentor to many by teaching them how to become the best in his industry.

Two years into his new leadership role, he founded his own company, “StockLemon,” currently known as “Citron Research.”

StockLemon was a publishing blog meant to present information regarding questionable and unethical behaviors on public companies. The reason for researching and presenting these findings was to expose and disclose companies Andrew believed could be engaged in fraudulent activity.

And considering his professional expertise is in financial investing and short-stopping, he knew exactly what to look for and how to demonstrate suspicious activity that would otherwise be difficult to detect.

Some of the more notable pieces he covered were regarding — GTX Global Corp, Home Solutions vs. American Rennaissance, Questcor Pharmaceuticals, Nu Skin Enterprises, and Valeant Pharmaceuticals.

While his published research appeared to be sound and impartial, there was significant pushback from company executives and media outlets, including The Globe and Mail Toronto and the Wall Street Journal.

Andrew went through a vexatious public controversy between Citron Research and 18 China-based companies.

Following extensive reports he drafted about each company, they all experienced significant value decline, 15 of which saw an over 70% reduction.

Understandably, they directed the blame directly to Andrew, citing misinformation and misleading data.

As a counteraction, a group of influential Chinese business leaders launched Citronfraud.com.

While the website was designed to devise a smear campaign that targeted and threatened Andrew’s integrity, career, and business ventures, nothing came of it.

The website would eventually be shut down.

The dispute never reached the courtroom, but lingering contempt and retaliation remain.

But the saga didn’t stop there. Andrew was on a mission to expose as many fraudulent companies as he discovered.

In 2011, Citron vs. Longtop Financial ensued. Longtop is another China-based company that Andrew claimed to be falsifying their reports, meant to mislead their shareholders.

The allegation didn’t go unnoticed. Longtop received a Wells Notice of impending criminal charges from the SEC shortly after that.

One of Andrew’s most famous cases was Citron vs. Evergrande Group.

Through his research, he concluded that the company could not pay the required interest on their 300 billion in company liabilities, resulting in a global market sell-off.

Andrew had been trying to prove this since 2012, and his findings were shown to be correct on July 8, 2020. This battle proved worthwhile but did come with its inherent hindrances.

While positive, Andrew explained the favorable outcome was not a vindication for him because he endured tremendous slander from the Hong Kong Court of Appeal, Hong Kong Misconduct Tribunal, and the Hong Kong Securities and Future Commissions.

They publicly asserted that Andrew was guilty of market misconduct.

He believed this was their way of slandering him to cover up for Evergrande.

They also contended that Andrew was responsible for spreading misleading and false information for his professional gain.

These were serious and potentially destructive allegations he struggled to move forward from.

Since his findings were proven correct, he moved forward nearly unscathed.

Aside from Andrew’s investigative work, he is also a philanthropist in his community and created a generous scholarship for the students of Stoneman Douglas Highschool.

Each year, five senior students are chosen on merit, and the winners are rewarded with a $10,000 scholarship. 

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Family

In addition, Andrew is a family man with four children.

He is not active on social media platforms; however, he does put out content via his Citron Twitter account.

Andrew Left – Net Worth

So, how much is Andrew Left worth?

A large part of his income is derived from his work as an accomplished author, investor, and CEO of his company, Citron Research.

Therefore, Andrew Left has an estimated net worth of $5 million.

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