Reported about 1 year ago
Finance billionaire Ken Fisher's net worth is set to increase by $7 billion after selling a minority stake in Fisher Investments to private equity firm Advent International and a unit of Abu Dhabi Investment Authority for $2.5 to $3 billion. This deal values Fisher Investments at $12.75 billion and will boost Fisher's net worth to around $12.2 billion. Fisher will still retain majority ownership and over 70% of voting shares, with the sale focusing on estate planning and growth while maintaining the company's culture and client service standards.
Source: YAHOO