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.