Age, Biography and Wiki

Kenneth Dart was born on 1955 in United States, is a Billionaire entrepreneur and philanthropist from Hong Kong. Discover Kenneth Dart's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 68 years old?

Popular As N/A
Occupation Businessperson
Age 68 years old
Zodiac Sign N/A
Born
Birthday
Birthplace United States
Nationality

We recommend you to check the complete list of Famous People born on . He is a member of famous Businessperson with the age 68 years old group. He one of the Richest Businessperson who was born in .

Kenneth Dart Height, Weight & Measurements

At 68 years old, Kenneth Dart height not available right now. We will update Kenneth Dart's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
Parents Not Available
Wife Not Available
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Kenneth Dart Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Kenneth Dart worth at the age of 68 years old? Kenneth Dart’s income source is mostly from being a successful Businessperson. He is from . We have estimated Kenneth Dart's net worth , money, salary, income, and assets.

Net Worth in 2023 US$6.6 billion (2013)
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Businessperson

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Timeline

2012

Dart started a number of Cayman-based enterprises, including Dart Enterprises, Dart Realty, and Cayman Shores Development. By 2012, his Caymanian enterprises were estimated to own about 20–25% of the real estate in the Cayman Islands. Among his properties are Camana Bay (formerly the Coral Caymanian Hotel), the Ritz-Carlton, the Yacht Club, and the Kimpton Seafire Resort and Spa. Dart has his own construction company, Decco.

In the Greek financial crisis Dart was a winner by forcing the Greek government to pay €436 million in 2012, 90% of which went to his fund.

In 2012, a New York State judge ruled in favor of the holdout creditors ordering Argentina to pay $1.3 billion and Argentina's appeal of the ruling at the US Supreme Court was rejected in 2014. The rulings forced Argentina to miss bond payments in July 2014, which caused the country to be declared in selective default by Standard & Poor's and in restrictive default by Fitch Ratings, meaning that Argentina failed to meet some of their obligations while meeting others. By 2017, Argentina under the new president Mauricio Macri settled with holdouts and was able to access the international capital markets.

2001

In the prolonged 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. In response to Dart's holdout strategy, the then Argentinian ambassador in the US, Jorge Argüello, rebuked Dart's activities, while in the Argentinian press Dart was named "Enemy Number One of Argentina".

1994

In 1994, Dart became a citizen of Belize. At that time Dart offered his residence in Sarasota, Florida, to the government of Belize as a consulate with himself as its consul. This would have allowed him to live in the United States full-time as a foreign diplomat avoiding any actions by the Internal Revenue Service; the State Department rejected the arrangement. 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.

Dart owns Dart Management, "one of the best known of the so-called vulture funds." The strategy of vulture funds is to buy government debts at sharply reduced prices when weak governments are in crisis, and eventually force these governments to pay the full amount of the debt. Dart employed this strategy in 1994 by acquiring Brazilian debt instruments and eventually generating a profit of about $600 million.

1990

In the mid-1990s Dart and his brother, Robert, both renounced their American citizenship. Kenneth took Caymanian, Belizean and, later, Irish citizenship. Robert holds Belizean and Irish citizenship, and resides in London. Kenneth Dart moved took up his residence in the Cayman Islands, a tax haven, and converted what was the beachfront West Indian Club into his home in 1994.

1976

Dart graduated from the University of Michigan with a degree in mechanical engineering in 1976. He joined the family business and became president of the Dart Container Corporation in 1986. His brother Robert succeeded him in this role in 2001, when Kenneth moved to the board of directors.

1955

Kenneth B. Dart (born 1955) is an American-born multinational businessman and billionaire. His wealth was estimated in 2013 at $6.6 billion. He is an heir of William F. Dart, who founded the Dart Container Corporation (originally the Dart Manufacturing Company) in Michigan in 1937.