| Title: |
Ken Fisher's Fortune to More Than Double on Private Equity Sale. |
| Authors: |
Pendleton, Devon (AUTHOR) |
| Source: |
Bloomberg.com. 6/17/2024, pN.PAG-N.PAG. 1p. |
| Subject Terms: |
*Capital gains tax; *Investment advisors |
| Abstract: |
Finance billionaire Ken Fisher's net worth is set to increase by $7 billion after selling a minority stake in his investment adviser, Fisher Investments. Private equity firm Advent International and a unit of Abu Dhabi Investment Authority are purchasing the stake for $2.5 billion to $3 billion, valuing the entire business at $12.75 billion. Fisher will retain majority ownership and over 70% of the voting shares. Fisher Investments manages $275 billion for over 150,000 clients, primarily private investors in the US. [Extracted from the article] |
| : |
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| Database: |
Business Source Premier |