Ken Fisher’s Fortune to More Than Double on Private Equity Sale
June 20, 2024 by Devon Pendleton
Finance billionaire Ken Fisher’s net worth is poised to rise by $7 billion following the sale of a minority stake in his investment adviser, Fisher Investments.
Private equity firm Advent International and a unit of Abu Dhabi Investment Authority are paying at least $2.5 billion and potentially as much as $3 billion for a stake that values the entire business at $12.75 billion, according to a statement Monday.
Click HERE to read the full story via Think Advisor
Wink’s Moore on the Market: Ken Fisher is selling a minority stake in Fisher Investments.
(And yes, it is to private equity.)
Now that he has retired, and is selling off part of his business, I am wondering if they will maintain their “I hate annuities” mantra? -sjm