In the mid-1990s Dart and his brother, Robert, both renounced their American citizenship. 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. When he first moved to the islands, he could be seen flanked by bodyguards. Ken Dart is the founder of Dart Enterprises and a portfolio of companies in the Cayman Islands. Worldwide real estate interests encompass hospitality, commercial office, retail, entertainment and infrastructure. There was no Shipyard in the world that did not have a container made by him. 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. When Melvin Dart was born about 1925, his father, Oral, was 38 and his mother, Helen, was 26. Kenneth B. Navy during WWII from 1942-45,. Kenny Delmar, American actor active in radio, films, and animation (September 5, 1910 - July 14, 1984) was born Kenneth Frederick Fay Howard in Boston, Massachusetts. Find the obituary of Kenneth I. Thursday 29 April 2021 5:00 pm Secretive billionaire Kenneth Dart builds 5bn stakes in Big Tobacco James Warrington BAT said its "new category" products had gained shares in all key markets. 27 million shares of IBIO. He Graduated from Mann School, Concord Twp, Mi and served in the US. Net Worth. Kenneth has 2 jobs listed on their profile. Dart, Sr. and Winfred (Texter) Dart. Seven Mile Beach, previously undeveloped, became an international tourist attraction for both divers and money managers. In 2014, Mr Dart stepped down as president of his familys container business and has, according to comments made in 2015 by the Dart Enterprises chief executive, Mark VanDevelde, become more focused on real estate development and conservation. American-born Kenneth Dart, 64, who renounced his US citizenship in 1994 and moved to Cayman, owns a group of companies that holds a significant proportion of all Caymanian real estate. James Warrington. There was no Shipyard in the world that did not have a container made by him. "With his fortune and his company, Dart Enterprises, he has increasingly come to define the islands' future," Lederer writes. Also find out how he got rich at the age of 66. Dart owns Dart Management, "one of the best known of the so-called vulture funds." 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. Scroll Down and find everything about him. Kenneth entered the career as Businessperson In his early life after completing his formal education.. Born on 1 January 1955, the Businessperson Kenneth Dart is arguably the worlds most influential social media star. Dart has his own construction company, Decco. By: He was born Dec. 21, 1931 in Piffard, N.Y. to the late Kenneth. Should China companies get tax-payer funded breaks? He later joined the prestigious Michigan University and graduated from there with a degree in mechanical engineering. Kenneth Dart passed away in El Cahon, CA, California. Why arent we holding the cup? Mr Bodden has been a vocal critic of the islands unchecked development and what he sees as the disenfranchisement of the island population. Kenneth is an ideal celebrity influencer. Some people minimize the risk, he said: Well, O.K., thats three-and-a-quarter feet. Explore Kenneth Dart Wiki Age, Height, Biography as Wikipedia, Wife, Family relation. The love of his life was the racecar he built, a 1969 Dodge Dart named "The Twilight Zone", and racing at the Bremerton Raceway. At The New York Times, Katy Lederer traveled to the Cayman Islands to explore the real estate purchases of Kenneth Dart. At that time Dart offered his residence in Sarasota, Florida to the government of Belize as a consulate with himself as its consul. Shares in BAT, which makes Lucky Strike and Dunhill cigarettes, have dropped more than 50 per cent from highs in 2017. According to court documents, on July 24, 2017, Kenneth Manzanares, Kristy Manzanares, their three daughters and Kristy's extended family members boarded the Emerald Princess on an Alaskan cruise. The 45-year-old was once Brazil's. Kenneth B. Also learn how He earned most of networth at the age of 65 years old? Guided by three generations of the Dart familys values, culture and philosophy, the companies founded by Ken Dart are recognised as among the best places to work in the Cayman Islands. Ancestors . With his fortune and his company, Dart Enterprises, he has increasingly come to define the islands future. Why Is a Secretive Billionaire Buying Up the Cayman Islands? In 2004, Ivan, a Category 5 hurricane, submerged most of the island. 48 records for Kenneth Dart. 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. Kenneth Bryan Dart Net Worth & Basic source of earning is being a successful Spanish Businessperson. 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. Dart graduated from the University of Michigan with a degree in mechanical engineering in 1976. Dart employed this strategy in 1994 by acquiring Brazilian debt instruments and eventually generating a profit of about $600m. A reclusive billionaire known for so-called vulture fund investments has built stakes worth nearly 5bn in two of the worlds largest tobacco companies. Investor, innovator, explorer and entrepreneur. Compare DNA and explore genealogy for Kenneth Dart born 1910s including ancestors + descendants + 1 photos + DNA connections + more in the free family tree community. They say this is a trickle-down economy, said Roy Bodden, a historian of the Cayman Islands and former member of the Legislative Assembly. Kenneth Dart, el mayor acreedor privado que tuvo la Argentina y el hombre que estuvo a punto de echar por tierra toda la operacin de canje de la deuda externa, se oculta tras los cortinados de. He is not dating anyone. Dart (born 1955) is an American-born multinational businessman and billionaire. He wanted to create a plastic container rather than a Steel container. He was born August 14, 1923 in Concord, Mi, to Richard M and Hazel (Sleeper) Dart. Son. By the end of the 1990s, the jurisdiction had established itself firmly as a leading global banking center, and today financial services accounts for over half of its economy. In 1994, Dart became a citizen of Belize. View popular celebrities life details, birth signs and real ages. Meanwhile, Britain has promised to adopt a set of stringent EU policies designed to combat money laundering and terrorism. Darts property investments include the Ritz Carlton on Grand Cayman and his net worth is estimated at $6.7bn, according to Bloomberg. Dart employed this strategy in 1994 by acquiring Brazilian debt instruments and eventually generating a profit of about $600million. He was a retired director of research and development for Wilbur-Ellis. China companies like JA Solar are investing in the US because of the Inflation Reduction Act. In 1993, his home in Sarasota, Fla., burned to the ground in an arson that was never fully explained. 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. The damage was valued at close to $3bn (2.3bn). Kenneth B. Bachelor of Engineering, University of Michigan. But many islanders complain of a two-tiered system. Personal touch and engage with his followers. The billionaire is heir to a plastic cup fortune. 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. Seven Mile Beach, previously undeveloped, became an international tourist attraction for both divers and money managers. In February, his group proposed a $1.5 billion iconic skyscraper that would rival the Eiffel Tower and the Burj Khalifa of Dubai. Miller, the CEO of Carbonadi Vodka, has blazed his own trail and redefined what it means to find success along the intersection of entrepreneurship and passion. [9][6] Dart has his own construction company, Decco. Born in Michigan, he renounced his U.S. citizenship in 1994, obtained citizenship from Belize and relocated to the tax-free Cayman Islands. His wealth was estimated in 2013 at $6.6 billion. He acquired the property in 1994 after renouncing his United States citizenship, a tax dodge so audacious it inspired federal legislation. Mr Darts vision for Cayman is comprehensive. Mr. Darts vision for Cayman is comprehensive. 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. At that time Dart offered his residence in Sarasota, Florida, to the government of Belize as a consulate with himself as its consul. Kenneth Dart is Caymanian-Belizean-Irish businessman who has an estimated net worth of $5.01 billion as of March 2017, according to Bloomberg. The eldest, Tom, is fighting for a share of a trust fund which he claims he was cheated out of by his brothers, Kenneth and Robert and their father, William. Many islanders take it for granted that he is the biggest private landholder on the islands, and some suspect he owns more land than the government. He also oversees an extensive nursery on the island, where he collects native and endemic trees and plants. Kenneth Dart, heir to the Dart disposable cup fortune, former investor in Russia William Browder, and their New York partner Francis Baker bought Avisma from MBK, on the understanding that profit . Kenneth Dart will not be joining that club. So, how much is Kenneth Dart worth at the age of 67 years old? Dart, who Bloomberg refers to as a secretive billionaire, invested in tobacco when major investors were moving away from the declining industry. He is also a citizen of Belize and Ireland. But Mr Dart picked up the slack. Dart (born 1955) is a United States-born Caymanian-Belizean-Irish businessman and billionaire. After the 2008 financial crisis, the political will to reform systems that facilitate tax avoidance reached a high. 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. Loop News Dart seeks to alleviate concerns surrounding planned area development News Mar 5, 2021 Deadline Joel David Moore, Bob Saget, Jason Jones, Carly Chaikin & Mary Lynn Rajskub To Star In Comedy 'Blue Iguana', First In 3-Pic Cayman Islands Deal EFM Kenneth I. His brother Robert succeeded him in this role in 2001, when Kenneth moved to the board of directors. Robert holds Belizean and Irish citizenship, and resides in London. Improbably enough, Kenneth Darts most audacious investment involves Mount Trashmore. I wont say everything he does is great, Mr. Whittaker said of Mr. Dart, after showing me a map of Hurricane Ivans devastation. In the Greek financial crisis Dart was a winner by forcing the Greek government to pay 436m in 2012, 90% of which went to his fund. Would a wildly successful investor like him buy up so much of a country that was really doomed to disappear? He is an heir of William F. Dart, who founded the Dart Container Corporation (originally the Dart Manufacturing Company) in Michigan in 1937. Currently, Kenneth B. Masks, which were already compulsory on public transport, in enclosed public spaces, and outdoors in Paris in certain high-congestion areas around tourist sites, were made mandatory outdoors citywide on August 28 to fight the rising coronavirus infections, Japanese Prime Minister Shinzo Abe bows to the national flag at the start of a press conference at the prime minister official residence in Tokyo. Venture capitalists gave up on blockchain products in the third and fourth quarter of 2022. Kenneth Dart has been quietly building stakes in Britain's two listed companies - both of them deeply unfashionable stocks. If sea-level rise is a foot, well, that means that a Category 1 now is going to do the same damage that a Category 4 used to do. Even if Cayman built enough infrastructure to survive the rising water, he added, The problem is insurance. Investor, innovator, explorer and entrepreneur. Related by financial asset: British Amer Tobacco. Kenneth Dart acquired citizenship of, and a compound in, the Cayman Islands, a tax haven. His family was already in the container-making business. At that time Dart offered his residence in Sarasota, Florida, to the government of Belize as a consulate with himself as its consul. They have also lived in Niwot, CO and Saint Louis, MO. We will update Kenneth Dart's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. His net worth has been growing significantly in 2021-2022. He was very fascinated by it. In 1993, his home in Sarasota, Fla., burned to the ground in an arson that. Kenneth Darts income source is mostly from being a successful Businessperson. The plans reminded me of a game of Monopoly if a player purchased all of the fanciest properties and packed them with houses and hotels for money managers. In response to Dart's holdout strategy, the then Argentinian ambassador in the US, Jorge Argello, rebuked Dart's activities, while in the Argentinian press Dart was named "Enemy Number One of Argentina". Oh, no big thing. Sorry, were seven feet above sea level, for the most part. After the 2008 financial crisis, the Cayman economy contracted. Bodies buried in beach cemeteries floated out to sea. This does not include the estimated price tag for the skyscraper. 2 at the State Dept., warns of China troubles. [13][14][15], 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. As you would have assumed that most of that income came from his plastic Empire. I think in overall net benefit, yes, hes been a net benefit to the island. [18], 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. They take virtually nothing out of the economy and they put massive amounts into the economy, so we think thats what a five-, five-plus-star resort has the potential to do.. The Cayman Islands is hailed for its idyllic beauty, coral reefs and luxury resorts, but there's far more to these islands than their postcard appeal. We don't have much information about He's past relationship and any previous engaged. Make a life-giving gesture Friday, May 29, 2015 4:11:18 PM. Residents compared him to Batman, Howard Hughes, a Bond villain and both Warren and Jimmy Buffett. Thats the word they like to use. Tens of thousands of pro-democracy protesters massed close to Thailand's royal palace, in a huge rally calling for PM Prayut Chan-O-Cha to step down and demanding reforms to the monarchy, Supporters of Iraqi Shi'ite cleric Moqtada al-Sadr maintain social distancing as they attend Friday prayers after the coronavirus disease restrictions were eased, in Kufa mosque, near Najaf, Iraq, A protester climbs on The Triumph of the Republic at 'the Place de la Nation' as thousands of protesters take part in a demonstration during a national day strike called by labor unions asking for better salary and against jobs cut in Paris, France, A fire raging near the Lazzaretto of Ancona in Italy. As I stood atop Mount Trashmore, looking out at the crystalline water, I wondered what Mr. Dart thought about the countrys vulnerability to rising seas. A 2015 audit of the governments land management scolded ministers for allowing Dart subsidiaries such free rein. 2023 CAknowledge.com From Your Heart, Kenneth B. K en Dart, the international businessman and developer who owns Dart (Realty) Cayman Ltd. and its many assets in the Cayman Islands . One humid Tuesday in July, I summited the highest point on Grand Cayman, an eight-storey dump known affectionately by the locals as Mount Trashmore. He owns a number of Cayman-based enterprises, including Dart Enterprises, Dart Realty, and Cayman Shores Development. "[13] 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. 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.. Dart's wealth has been estimated to be about at $6.6 billion (2013). His father and grandfather developed a machine that turned expandable polystyrene beads into plastic cups and. Dart employed this strategy in 1994 by acquiring Brazilian debt instruments and eventually generating a profit of about $600million. He is also a citizen of Belize and Ireland. 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. The damage was valued at close to $3 billion. Mr Dart lives on Seven Mile Beach, in an old hotel the entire hotel once known as the West Indian Club. When you model a hurricane with storm surge, you can have 15 feet of storm surge, and then youre looking at 18 feet above normal sea level. (None of the many elected officials I contacted would agree to be interviewed on the record, but Suzette Ebanks, the chief information officer, sent a three-page response to written questions that highlighted several initiatives, including environmental impact assessments for major capital projects and a focus on transitioning to renewable energy.). Dart has taken a 7 percent stake in British American Tobacco and bought 3 Daily protests calling for the authoritarian president's resignation are now in their second month, Members of 'Omnium Cultural' celebrate the 20th 'Festa per la llibertat' ('Fiesta for the freedom') to mark the Day of Catalonia in Barcelona. Dozens of fires are burning out of control throughout Northern California as fire resources are spread thin, Students use their mobile phones as flashlights at an anti-government rally at Mahidol University in Nakhon Pathom. Kenneth B. When I went to the island, I made an effort to book one of the few Seven Mile Beach hotels that Mr Dart doesnt own; halfway through my stay, I read an announcement in the local paper that he had bought it. By the end of the 1990s, the jurisdiction had established itself firmly as a leading global banking centre, and today financial services accounts for over half of its economy. The plan is to build the tower set back from Seven Mile Beach, in the middle of the Camana Bay development. 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. It would include major new residential developments and offices, in addition to yet another five-star resort on a stretch of beach that abuts the billionaires residence. of John Addison Dart and Arabell Malinda (McPeak) Dart. Kenneth Dart is The Richest Man in Cayman Island.The Dart Enterprises Cayman is one of the ventures owned by this billionaire. 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. The best-paid positions often go to highly educated expatriates, who make up just under half the resident population of about 66,000. The United Nations Intergovernmental Panel on Climate Change, he said, predicted that sea levels would rise by roughly one meter by the end of the century. Dart (born 1955) is an American-born multinational businessman and billionaire. Would a wildly successful investor like him buy up so much of a country that was really doomed to disappear? Survivors include his wife, Betty Dart of Moses Lake; his children, Denise. 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. The banks moved in first, then the accounting and law firms. When Kenneth Dart relocated to Grand Cayman, his secretiveness and colorful business dealings aroused local suspicion. Ken thrived an additional 25 years thanks to Bobby . Kenneth Dart was born on 1955 in United States, is a Billionaire entrepreneur and philanthropist from Hong Kong. From his very first visit in the 1980s, Ken Dart was captivated by Cayman. Improbably enough, Kenneth Dart's most audacious investment involves Mount Trashmore. Dart graduated from the University of Michigan with a degree in mechanical engineering in 1976. His list now includes the Ritz-Carlton, the Yacht Club and a new Kimpton resort. The obituary was featured in The Day on November . Nick Robson, the founder of the Cayman Institute, a nonprofit organisation that has advocated better long-term planning on the island, says Cayman is nowhere near prepared for rising seas and extreme weather. [4] His brother Robert succeeded him in this role in 2001, when Kenneth moved to the board of directors. 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. 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. He also owns significant real estate at the Camana Bay waterfront development in the Cayman Islands, a country where he also has citizenship. They were the parents of at least 2 sons and 6 daughters. Dart is a reclusive and sometimes contradictory figure. He is also a citizen of Belize and Ireland. Dart Net Worth 2022: Biography Income Career. Robert holds Belizean and Irish citizenship, and resides in London. Improbably enough, Mr. Darts most audacious investment involves Mount Trashmore. He hired all the best mechanics, He hired the best chemical engineer team to work on plastic material. 89 Nexus WayCamana BayGrand Caymaninfo@dart.ky. His wealth was estimated in 2013 at $6.6 billion. He started getting success and got an investment of almost 50 million dollars from his great-grandfather. From the top of the foul mound a collection of almost every piece of garbage discarded on the island since it went all-in on financial services in the 1960s I imagined I could just make out the enshrouded beach estate of the secretive investor Kenneth Dart. Kenneth took Caymanian, Belizean and, later, Irish citizenship. Dart started a number of Cayman-based enterprises, including Dart Enterprises, Dart Realty, and Cayman Shores Development. The plans reminded me of a game of Monopoly if a player purchased all of the fanciest properties and packed them with houses and hotels for money managers. His family was already in the container-making business. His largest assets are stakes in tobacco firms British American Tobacco and Imperial Brands, which first became public knowledge in late 2020. He has almost a plastic Monopoly in the United States of America. In 1940, he was 15 years old and lived in Tustin, California, with his father, mother, 2 brothers, and sister. An exhibition of works by Richard Pousette-Dart, a member of the first generation of American Abstract Expressionist painters, is being shown through today at one of Paces galleries in Manhattan. Top 3 Results for Ken Dart. Its almost a post-colonial dispensation, he said, describing the sometimes uneasy relationship that has always existed between Cayman, Britain and the international community. Among his properties are Camana Bay (formerly the Coral Caymanian Hotel), the Ritz-Carlton, the Yacht Club, and the Kimpton Seafire Resort and Spa. Not everyone who moves to a place they love invests in it so heavily, I wrote. 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. Caymanians get jobs, but are then passed over for promotions. Among his properties are Camana Bay (formerly the Coral Caymanian Hotel), the Ritz-Carlton, the Yacht Club, and the Kimpton Seafire Resort and Spa. This website uses cookies to help us enhance your browsing experience. But for his base of operations, Mr Dart has chosen an existentially vulnerable piece of land. The heir to a famously private foam-container dynasty and a reclusive businessman in his own right, Dart apparently hasn't spoken to the press since 1993. There is no question Kenneth Dart is the most famous & most loved celebrity of all the time. Though he has lived on Grand Cayman for 25 years and is widely believed to be the biggest private landholder on the archipelago, almost nobody I interviewed was sure if they had seen him. Dartestimated a net worth of around $8 Billion. The Dart brothers have been at each others throats for six years in a bizarre saga of power, sex and unparalleled greed. Tobacco, so they say, is a dying business. Kenneth took Caymanian, Belizean and, later, Irish citizenship. Regulations direct employers to give special consideration to Caymanians for jobs and require that Caymanians own shares in local businesses. As we have already discussed, his net worth is around 8 billion dollars. Kenneth Dart was born to Claire and William Dart in Michigan on April 21, 1955. Several weeks ago S.C. and I were talking about different companies that we were looking at purchasing stock in. Learn How rich is He in this year and how He spends money? Dart is 67 years old (1955). In 2004, Ivan, a Category 5 hurricane, submerged most of the island. At 76 square miles, Grand Cayman is roughly the size of Brooklyn and is, on average, only seven feet above sea level. The registers could be accessible not only to law enforcement but also to those with legitimate interest, including investigative journalists and nongovernmental organizations. Dart (born 1955) is an American-born multinational businessman and billionaire. Whatever might happen with international tax legislation or volatile financial markets, the building would be a hedge of sorts, positioned to bring in capital and withstand the rising ocean. Until the 1960s, when the first banking laws were put in place to attract international capital, the Cayman Islands was a backwater, with an economy dependent on seamen who would send their remittances back home. Is everything he does great? By 2017, Argentina under the new president Mauricio Macri settled with holdouts and was able to access the international capital markets. [7] By 2012, his Caymanian enterprises were estimated to own about 2025% of the real estate in the Cayman Islands. He lived in Quindaro, Kansas City, Wyandotte, Kansas, United States in 1910 and Kansas City, Wyandotte, Kansas, United States in 1920. But his business is still mainly in the United States of America. Reflects change since 5 pm ET of prior trading day. Proponents of the Cayman business model argue that its benefits accrue to all of the islands citizens, who can boast of having one of the highest gross domestic products per capita in the world. . [14], 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. China will celebrate national day marking the founding of the People's Republic of China on October 1st, The Glass Mountain Inn burns as the Glass Fire moves through the area in St. Helena, California. In 2007, he opened a major development, a sprawling mix of retail and entertainment venues called Camana Bay, and began amassing a portfolio of high-end properties. Kenneth Dart was born in 1955 in the United States of America. He invested part of his fortune in distressed sovereign debt from Greece to Argentina and made large profits by rejecting restructuring deals. He is an heir of William F. Dart, who founded the Dart Container Corporation (originally the Dart Manufacturing Company) in Michigan in 1937. 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. In response to Dart's holdout strategy, the then Argentinian ambassador in the US, Jorge Argello, rebuked Dart's activities, while in the Argentinian press Dart was named "Enemy Number One of Argentina". According to a . But for his base of operations, Mr. Dart has chosen an existentially vulnerable piece of land. Animals escaped their enclosures, and, to this day, rewilded chickens roam the islands. [2] He is an heir of William F. Dart, who founded the Dart Container Corporation (originally the Dart Manufacturing Company) in Michigan in 1937. Though Cayman was initially a tax refuge for Kenneth Dart, he has taken to his adopted home with zeal. Settlement agreements filed in federal court in Manhattan disclosed that billionaire investor Kenneth Dart's EM Ltd would receive $849.2 million, after agreeing to participate in Argentina's. 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.