⬅ # 433 Daniel Tsai|# 435 Wu Jianshu ➡

# 434 Kenneth Dart 

$6.99B

Real Time Net Worth
as of 12/22/2024
-$19.5M (-0.28%)

# 434 Kenneth Dart 

$6.99B

Real Time Net Worth
as of 12/22/2024
-$19.5M (-0.28%)
OccupationOwner, Dart Container
Source of WealthInvestments
Age69
ResidenceGeorge Town, Cayman Islands
Marital StatusMarried
Children3
EducationBachelor of Engineering, University of Michigan
Age-Adjusted Net Worth$3.80B
Kenneth Dart
Kenneth Dart
Belize
Net worth: $6.99B

Self-Made Score 

Longines Heritage Flagship Automatic Silver Dial Brown Leather Men's Watch

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Kenneth Bryan Dart, born in 1955, is a Cayman Islands-based billionaire and investor, known for his wealth inherited from the Dart Container foam cup fortune and strategic investments.
Graduating with a mechanical engineering degree from the University of Michigan in 1976, Dart joined the family business and became president of Dart Container Corporation in 1986.
Dart renounced his U.S. citizenship in 1994, obtaining citizenship from Belize and later from Ireland, and relocated to the tax-free Cayman Islands, where he built significant wealth through various enterprises and investments.

Early Life and Career

Graduated from the University of Michigan in 1976 with a degree in mechanical engineering.
Became president of Dart Container Corporation in 1986.
Renounced U.S. citizenship in the mid-1990s and obtained citizenship from Belize and later Ireland.
Moved residence to the Cayman Islands in 1994, where he established several successful enterprises including Dart Enterprises and Dart Realty.

Businesses and Investments

Established Cayman-based enterprises like Dart Enterprises, Dart Realty, and Cayman Shores Development.
By 2012, his Caymanian enterprises owned about 20–25% of real estate in the Cayman Islands, including properties like Camana Bay and the Ritz-Carlton.
Invested in distressed sovereign debt from Greece to Argentina, profiting significantly by rejecting restructuring deals.
Owns stakes in tobacco firms British American Tobacco and Imperial Brands, with his largest assets being in these companies.

Controversy and Legal Actions

Owns Dart Management, known for its vulture fund strategy, profiting from distressed government debts.
Forced Greek government to pay €436 million in 2012 during the Greek financial crisis.
Engaged in prolonged legal battle with Argentina over debt repayment, resulting in court rulings forcing Argentina into selective default in 2014.
Made a contrarian $6.7 billion bet on tobacco stocks in 2021, defying trends in Environmental, Social, and Corporate Governance (ESG) investments.

Dart Container Corporation

Founded in 1937 by William F. Dart as Dart Manufacturing Company, initially producing items for the Department of Defense.
Evolved into Dart Container Corporation in 1960, specializing in foam cups and containers.
Acquired Solo Cup Company in May 2012, expanding its operations globally.
Privately held by the Dart family, Dart Container is the world's largest manufacturer of foam cups and containers.

Kenneth Dart's Wealth is Equivalent to:

5,378,753 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,322,044 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

71,409 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Kenneth Dart?

If you started with $10,000 and invested an additional $500 each month at a 42.82% CAGR, it would take you 5 years to reach Kenneth Dart's net worth of $6.99B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 67.72% compared to 25.94% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Kenneth Dart is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Kenneth Dart, Investments is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey