"His grandfather, William Dart, founded the Dart Manufacturing Company in 1937 in Michigan. It began by selling steep tape measures, dog tags and a children's marble game. His son expanded the business, eventually transforming it into the world's largest maker of Styrofoam cups and making the family a fortune. Ken Dart is reckoned by Forbes to have a net worth of about $12bn. He renounced his US citizenship in 1994 and then secured citizenship from Belize. He now lives in the Cayman Islands."
"Flutter Entertainment, whose chief executive is Peter Jackson, shifted its primary listing to the United States last year. It retains a listing in London, but delisted from Dublin. "We believe a US primary listing is the natural home for Flutter given FanDuel's number one position in the US, a market which we expect to contribute the largest proportion of profits in the near future," said Mr Jackso"
Candle Lake, a Cayman Islands investment vehicle controlled by Ken Dart, now owns just over 5% of Flutter Entertainment. Flutter shifted its primary listing to the United States last year while retaining a London listing and delisting from Dublin. Ken Dart, aged 70, is known as a 'vulture investor' who built a Cayman property empire, invested across sovereign debt and big tobacco, and amassed an estimated $12bn fortune. He renounced US citizenship in 1994, gained Belize citizenship, and used Cayman-based Dart Enterprises to invest roughly $1.5bn in mixed-use, residential, commercial, recreational, educational and hospitality projects over 25 years.
Read at Irish Independent
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