Kenneth Dart was born on 1955 in United States, is a Billionaire entrepreneur and philanthropist from Hong Kong. The 39-year-old died of blunt force trauma to the head and face . Want to bookmark your favourite articles and stories to read or reference later? He joined the family business and became president of the Dart Container Corporation in 1986. Dart has his own construction company, Decco. The reclusive Mr Dart is believed to be the biggest private landowner on Grand Cayman, Pope Francis prays with priests at the end of a limited public audience at the San Damaso courtyard in The Vatican, A girl's silhouette is seen from behind a fabric in a tent along a beach by Beit Lahia in the northern Gaza Strip, A Chinese woman takes a photo of herself in front of a flower display dedicated to frontline health care workers during the COVID-19 pandemic in Beijing, China. Robson said he also worried that Caymans economic reliance on financial services wasnt sustainable. The banks moved in first, then the accounting and law firms. Kenneth B. In a 2018 video presented at the local Chamber of Commerce, his company outlined a building programme that would connect the white sands of Seven Mile Beach to a protected bay known as the North Sound, incorporating extensive landscaped pedestrian parks and revamped roadways in effect, designing a whole town. But he also had a talent for trading, making lucrative investments over the decades in financial firms, biotech companies, Russian public vouchers and steeply discounted sovereign debt in Greece and Argentina, among many other companies and countries. He is not dating anyone. Barclays Capital takes a look inside Europe's counter to the U.S. Inflation Reduction Act. While Cayman was once a shady place to stash illicit cash a reputation cemented by the 1991 John Grisham novel The Firm and a subsequent Tom Cruise thriller it has long since moved aggressively upmarket, courting institutional investors, private equity and trading firms seeking to minimise taxes and bureaucracy. Although he is not a citizen of America anymore. As a place to conduct business, Caymans appeal is obvious. At that time Dart offered his residence in Sarasota, Florida to the government of Belize as a consulate with himself as its consul. The heir to a famously private foam-container dynasty and a reclusive businessman in his own right, Mr Dart apparently hasnt spoken to the press since 1993. Dart (born 1955) is an American-born multinational businessman and billionaire. His brother Robert succeeded him in this role in 2001, when Kenneth moved to the board of directors. His wealth was estimated in 2013 at $6.6 billion. His company has proposed to cap Mount Trashmore and build a new waste-to-energy facility to dispose of future garbage, which it would manage for the next 25 years, at an estimated cost of nearly half a billion dollars. 1955. Or if, like me, he had quickly fallen into a tropical reverie a feeling that nothing could possibly go wrong on this exclusive stretch of paradise. Beyond Seven Mile Beach is a sophisticated business community of global banks, accounting and law firms operating in a highly regulated international financial centre. You talk about the American dream, well, we had a Caymanian dream, he said. Popularly known as the Businessperson of United States of America. The Reed Amendment of 1996, a tightening of U.S. tax laws concerning expatriates, was partially spurred by the Dart brothers' renounciation of their citizenship to avoid paying taxes. Start your Independent Premium subscription today. He is an heir of William F. Dart, who founded the Dart Container Corporation (originally the Dart Manufacturing Company) in Michigan in 1937. At one point, she offered to consider written questions and present them to Dart executives. Born 1910s. Haphazardly established in the 1960s, the massive garbage pile was never trenched or lined, and no one knows what might be leaking from the dump into the ground. Ken is related to Merlin D Dart and Phyllis L Dart. In the ongoing attempts to resolve the Argentinian financial crisis of 2001, Dart and Paul Singer rejected Argentina's restructuring offer in contrast to most other investors and brought their claim to the US court system. At one point, she offered to consider written questions and present them to Dart executives. 48 records for Kenneth Dart. Wenatchee World - Tuesday, December 15, 2009 Elwood G. Dart, 77, of Moses Lake, died Sunday, Dec. 13, 2009, in East Wenatchee. His brother Robert succeeded him in this role in 2001, when Kenneth moved to the Board of Directors. I also asked about the dump and the risks of global warming. Kenneth B. [2] He is an heir of William F. Dart, who founded the Dart Container Corporation in Michigan in 1937. At that time Dart offered his residence in Sarasota, Florida, to the government of Belize as a consulate with himself as its consul. December 1, 2015. The Height of Kenneth B. The idea was never seriously considered, and Mr. Dart settled on Grand Cayman. I wont say everything he does is great, Mr. Whittaker said of Mr. Dart, after showing me a map of Hurricane Ivans devastation. In an Instagram post he said he could now breathe independently following his suspected poisoning last month, Japan's Prime Minister Shinzo Abe, Chief Cabinet Secretary Yoshihide Suga, former Defense Minister Shigeru Ishiba and former Foreign Minister Fumio Kishida celebrate after Suga was elected as new head of the ruling party at the Liberal Democratic Party's leadership election in Tokyo, A man stands behind a burning barricade during the fifth straight day of protests against police brutality in Bogota, Police officers block and detain protesters during an opposition rally to protest the official presidential election results in Minsk, Belarus. 2 at the State Dept., warns of China troubles. Kenneth B. Multiple industries, one common purpose: to create exceptional opportunities, places and experiences that enrich lives now and for future generations. If the colonial period was Caymans opening act, and financial services its middle, it seemed to me that Mr. Dart was quietly preparing for Caymans possible finale: as an upscale tax domicile and tourist attraction for the global ultra-wealthy who could afford to come and go from an existentially imperiled island. The investment makes Darts fund the third largest shareholder in the FTSE-listed firm. He renounced his US citizenship and acquired Belize citizenship, and later. Kenneth B. Darts net worth is approximated to be $8 Billion. Since Mr. Dart started building on Grand Cayman, the dump has been an obstacle, impeding new development. After the 2008 financial crisis, the political will to reform systems that facilitate tax avoidance reached a high. According to the various online resources (Wikipedia, Forbes, IMDB), the most popular Businessman Kenneth B. Thats the word they like to use. You can find out how much net worth Kenneth has this year and how he spent his expenses. In addition to resorts, office buildings and residential properties, his company began planning and building major municipal infrastructure projects like tunnels and roads, reinvigorating long-held concerns on Grand Cayman that Mr. Dart and his subsidiaries controlled too much of the island. of John Addison Dart and Arabell Malinda (McPeak) Dart. Select this result to view Ken K Dart's phone number, address, and more. This decade-long partnership demonstrates our ongoing commitment to . Why is a mysterious billionaire buying up the Cayman Islands? As far as I knew, Mr. Dart was neither a climate skeptic nor a denier, and yet he continued to acquire significant parcels of a country that was, topographically speaking, one of the most vulnerable on earth. By 2017, Argentina under the new president Mauricio Macri settled with holdouts and was able to access the international capital markets. A. Meanwhile, Britain has promised to adopt a set of stringent EU policies designed to combat money laundering and terrorism. 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In the Greek financial crisis Dart was a winner by forcing the Greek government to pay 436million in 2012, 90% of which went to his fund. Although he has lived on Grand Cayman. The way he told the story, the elites had sold the country out. Although he has lived on Grand Cayman for 25 years and is widely believed to be the biggest private landholder on the archipelago, only a few people I interviewed were sure they had seen him. The arrangement the heir to a disposable-cup fortune offering to clean up an entire countrys garbage seemed remarkable to me, but the Caymanians I spoke with didnt bat an eye. See the complete profile on LinkedIn and discover Kenneth's connections and jobs at similar companies. We need to get one or two more like him, and well be insulated from world shocks., Join thought-provoking conversations, follow other Independent readers and see their replies. Dr. Kenneth R. Daughters is a radiologist in Santa Barbara, California and is affiliated with Santa Barbara Cottage Hospital. [4] His brother Robert succeeded him in this role in 2001, when Kenneth moved to the board of directors. His wealth was estimated in 2013 at $6.6 billion. Kenneth Bryan Dart is a Cayman Islands-based businessman and billionaire. He couldnt make ship-size containers like his family used to do with plastic, but he downsized the total area of that container and started making small plastic bags. Even as he remained a virtual non-entity in Sarasota, unremarkable Kenneth Dart quietly became one of the most famous vulture investors in the world. According to a . He is an heir of William F. Dart, who founded the Dart Container Corporation (originally the Dart Manufacturing Company) in Michigan in 1937. 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When a Cambridge-trained lawyer named William Walker arrived in 1963, he described the place as having cows wandering through Georgetown, only one bank, only one paved road, and no telephones. The population was just over 8,000, and the mangrove-covered island was swarming with mosquitoes. I wont say everything he does is great, Mr Whittaker said of Mr Dart, after showing me a map of Hurricane Ivans devastation. In 2012, a New York State judge ruled in favor of the holdout creditors ordering Argentina to pay $1.3 billion and Argentinas appeal of the ruling at the US Supreme Court was rejected in 2014. Its almost a post-colonial dispensation, he said, describing the sometimes uneasy relationship that has always existed between Cayman, Britain and the international community. "With his fortune and his company, Dart Enterprises, he has increasingly come to define the islands' future," Lederer writes. The crash was designed to test whether humans can stop asteroids from careening toward Earth by crashing into them. Klowak and his colleague Scott Novak were en-route to the site when they were attacked by gunmen about 40 miles south of Eagle Pass, TX. Kenneth took Caymanian, Belizean and, later, Irish, citizenship. Kenneth Dart, the billionaire investor known for "vulture" trades in government debt, built stakes worth nearly 5 billion (US$6.9 billion) in British American Tobacco and Imperial Brands. In the mid-1990s Dart and his brother, Robert, both renounced their American citizenship. Which means Im going to throw two, three billion dollars in the ground and my kids or my grandkids will reap the rewards once it gets built.. 2023 Wiki Biography & Celebrity Profiles as wikipedia, Aonghus Clarke Wiki, Biography, Age, Net Worth, Family, Instagram, Twitter, Social Profiles & More Facts, Alexandru Darida (Painter) Wiki, Biography, Age, Wife, Family, Net Worth, Kollo Daniel Sanou Wiki, Biography, Age, Wife, Family, Net Worth. Kenneth A Dart, age 73 Galesburg, formerly of Union City died Monday, February 10, 1997 at Borgess Medical after a 6 weeks illness. He is also a citizen of Belize and Ireland. The damage was valued at close to $3 billion. If fully implemented, protectorates like Cayman would be expected to create public registers of company owners and provide access to the names of the beneficiaries of trusts. Profession: Businessperson. The Reed Amendment of 1996, a tightening of U.S. tax laws concerning expatriates, was partially spurred by the Dart brothers' renunciation of their citizenship to avoid paying taxes. 19: Daughter: Tracy Dart. 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As the scion of a Michigan family business, Dart Container, that has long dominated the polystyrene foam market (it also makes plastic Solo cups and other iconic food service products), Mr Dart was born into a significant fortune. Wiki Biography & Celebrity Profiles as wikipedia. [20] By 2017, Argentina's new president Mauricio Macri settled with holdouts and was able to access the international capital markets. 2023 CAknowledge.com From Your Heart, Kenneth B. A Utah woman was found dead on the floor of her Alaska-bound cruise ship on Tuesday and authorities suspect her husband killed her .