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Fisher Investments Sells Minority Stake for Up to $3 Billion

Ken Fisher's firm valued at $12.75 billion in deal with Advent International and Abu Dhabi Investment Authority

  • The sale will increase Ken Fisher's net worth by $7 billion, restoring his place on the Bloomberg Billionaires Index.
  • Fisher Investments manages $275 billion for over 150,000 clients globally.
  • Ken Fisher will retain majority ownership and over 70% of voting shares.
  • The transaction aims to ensure the firm's independence and continuity.
  • This marks the first time Fisher Investments has accepted outside investment.
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