Bermuda's world business leaders and their locally-incorporated companies

Left in Reuters photo above. Head of the family-owned JCB group, one of the world’s top makers of construction machinery. It has annual sales of sales of nearly 3 billion pounds ($4.5 billion). One of Britain’s best-known business leaders and a member of parliament. In the past five years he has given 2.6 million pounds to the Conservatives, elected on May 8 2015 as the ruling political party in Britain. In 2013 he became a Conservative member of the House of Lords, the upper chamber of the British parliament. With his brother Mark, below, the leading shareholder in multi-national JCB, controlled from its Bermuda corporate base. Joseph Cyril Bamford, father of Anthony and Mark, started the JCB empire in a rented lock-up garage in 1945. In 1956 he established J.C. Bamford Excavators Ltd, which became famous for making bright yellow backhoe loaders. It remains the group’s main operating company. The JCB group is ultimately controlled offshore by four discretionary trusts based in Bermuda, according to court documents and corporate filings. They include AB Bermuda Trust One and MB Bermuda Trust One — their father created in 1996, around the time he passed half of JCB to his sons, according to court documents filed in 2002 in Jersey. The beneficiaries of the trusts are Anthony and Mark Bamford and their families, according to court documents reviewed by Reuters.

Shown in 2018 as the world's richest person, with a  fortune estimated at $115 billion. Founder of Amazon Inc, the world's second-largest (after Apple) publicly traded company. Amazon has Bermuda-registered companies. The Bermuda Government has a sub-site on it. 

Michael Bloomberg and daughters

Sir Richard Charles Nicholas Branson born 18 July 1950 is an English business magnate, investor, author, philanthropist and billionaire. He founded the Virgin Group, which controls more than 400 companies. They include Bermuda-incorporated subsidiaries. In 2018 his net worth was estimated at £4.9 billion and he was ranked eighth-wealthiest British billionaire by net worth. 

Owns the Cadogan Group of companies which include four incorporated in Bermuda. Worth over £2,85 billion. The Cadogan Estate has its origins in the historic Manor of Chelsea, London, purchased in 1712 by Sir Hans Sloane.

American hedge fund manager, one of a number of big-name hedge fund managers to enter the insurance industry since 2012. Worth about $8.8 billion, founder of SAC Capital Advisors, which launched a Bermuda reinsurance company called SAC Re Ltd. with $500 million of capital in July 2013.

American, multi-billionaire, worth approximately $50 billion, in September 2014 announced plan to step down as Oracle's CEO. There are several Bermuda-registered corporations beginning with the name Oracle. Executives from Oracle have visited Bermuda in the past.  After having built databases for the CIA, Ellison founded Oracle in 1977 and has never left. He will remain Chief Technology Officer. After having suffered intense mountain biking and bodysurfing accidents, Ellison turned to sailing, where he's the main backer of America's Cup winner Oracle Team USA and probably the major reason why Bermuda, not anywhere else, was selected for the next America's Cup, the world's premier sailing event. In recent years, he's been buying up properties on the Hawaiian island of Lanai, which he bought for a reported $300 million in 2012. He is said to own every hotel room on the island. His daughter Megan Ellison found success as a film producer, having founded Annapurna Pictures, behind hits like Zero Dark Thirty and American Hustle. Ellison never met his biological father and was raised in a middle-class Chicago home by his great-aunt.

American, a major shareholder and chairman of Greenlight Capital Re, a Cayman-based reinsurer.

The Microsoft founder and CEO, one of the richest men in the world. Several of his Microsoft companies are Bermuda-incorporated.

Australian, media mogul worth over $ 1 billion. He heads Bermuda based Paramount Television International Services Ltd and other holdings including Birketu Pty Ltd. He purchased for $7 million 26 acre Wreck Road, Somerset, Bermuda real estate formerly owned by Robert Stigwood and lives there for most of the year. His WIN Television Network Ltd is Australia's largest private media company. On June 14, 2013 it was reported that A $300 million TV deal between Australia’s Channel Nine and Bermuda-based billionaire Bruce Gordon will reportedly lead to the richest pay day in Australian cricket history. Australian media reported Channel Nine won rights to broadcast Test and one-day international cricket for the next five years after matching Channel Ten's record $500 million bid. “The move means Nine will broadcast this summer's Ashes campaign, continuing the network's 36-year association with cricket going back to Kerry Packer's World Series cricket revolution,” the Herald Sun reported online. “Under the deal, Nine will pay about $80 million a year, while Network Ten will pay about $20 million a year for the Big Bash Twenty 20 tournament. Nine chief executive David Gyngell pulled off what many media analysts thought would be impossible convincing Nine's owners, US hedge funds Apollo and Oaktree Capital, to stump up a record amount to continue Nine's cricket heritage. He was only able to provide comfort to his owners by convincing Bermuda billionaire Bruce Gordon to sell two of his capital city stations owned by his regional Win network.” Gordon’s Win Corp owns Australia's largest privately held TV network, where son, Andrew, is an executive.

Billionaire owner of a Bermuda-based fund management company, wealthiest man in South Africa and the second-wealthiest in the entire continent. Chairman of asset management firm Orbis. Worth an estimated at $8.5 billion. Mr Gray lives in South Africa, founded the Front Street firm in 1989, which is run by his son William and employs around 80 people. His Allan Gray Ltd investment management firm is the largest privately-owned firm of its type in South Africa and retains close links with the Bermuda operation. Mr Gray founded the firm as a one-man company in Cape Town in 1973 and pioneered performance related investment management fees in Southern Africa. The firm now manages more than $10 billion in investors funds. Mr Gray was born and brought up in East London on the south-east coast of South Africa and qualified as a chartered accountant before achieving a Masters degree at the prestigious Harvard Business School.

2019. November 12. Philanthropist and immensely successful businessman and investor Allan Gray has died in Bermuda at 81. Described as “an unassuming man and full of class”, the island resident was media-shy, but his achievements are widely known in the business world and far beyond. He and his wife, Gill, moved to Bermuda in 1997, six years after his company Orbis Investment Management had relocated its headquarters to the island. Today, Orbis is overseen by his son William and has 72 staff on the island, with offices on Front Street. It has another nine offices around the world, and has $34 billion in assets under management. Born Allan William Buchanan Gray, in South Africa in 1938, Mr Gray became a self-made billionaire and one of Africa’s richest men. He created a lasting legacy by donating a vast portion of his fortune to be used for philanthropic purposes. The impact of that decision was evident in a sea of tributes that lit up social media as news of his passing spread. On Twitter, a popular tag for those leaving tributes was #ThankyouAllanGray. One person wrote: “The more tweets I read about the impact Allan Gray had on the people who benefited from the education programmes the more I realise the value of his impact on many generations of South Africa.” While another stated: “I’m convinced Allan Gray really lived out his purpose on this here Earth. I am for ever changed, and more so, I am for ever grateful.” Mr Gray studied at Harvard Business School, graduating with an MBA in 1965. He worked for asset management firm Fidelity Management and Research in Boston, before returning to South Africa in 1973 to create what became Allan Gray Investment Management, a Cape Town-headquartered company serving a number of African countries. In 1989, he founded Orbis in London, moving its headquarters to Bermuda in 1991. Five years ago, South African media company Moneyweb compared the return on investment success of Orbis and Allan Gray Investment Management to that of Warren Buffett’s Berkshire Hathaway. Philanthropy became an increasing focus for Mr Gray, and in his final “chairman’s letter” for Orbis, in 2015, he wrote: “We consider this both the right thing to do and a small but necessary contribution towards a society full of hope for all humanity. The free enterprise system has done so much for so many, and it behoves the few whom it rewards particularly well to help those less fortunate.” His philanthropy work began in 1979 when he and his wife founded the Allan and Gill Gray Charitable Trust. In 2006, he established the Allan Gray Orbis Foundation to fund bursaries and scholarships for Southern African scholars and students, mainly from under-resourced communities, with the specific purpose of developing entrepreneurial talent. His last years were spent setting up the Allan & Gill Gray Foundation, donating his family’s controlling stake in the Orbis and Allan Gray groups to the foundation. All dividends that the foundation receives are devoted entirely and exclusively to philanthropy. The foundation has established the Philanthropy Initiative through which contributions are made to charitable partners in the locales where Allan Gray Limited and Orbis offices are situated, including Bermuda. The current programme theme aims to ensure inclusive and quality education for all, and to promote lifelong learning. Mr Gray shied away from publicity and for the most part remained out of the spotlight. An example of this came in 2007 when, in response to an interview request by South Africa’s Mail & Guardian, a spokeswoman for Allan Gray Limited said: “He doesn’t do interviews. He lives in Bermuda, and he’s the humblest man on the planet”. Bermuda’s bridge-playing community enjoyed his support, particularly for the Bermuda Bowl. Mr Gray served on the committee at the time the Orbis World Bridge Championships were held at the Fairmont Southampton in 2000. Among those at the two-week championships was film star and famous bridge player Omar Sharif. David Ezekiel, who writes the bridge column for The Royal Gazette, said: “Allan will be greatly missed by the many people he and his family have touched and supported in Bermuda since they made Bermuda their home and established Orbis on the island. He was an unassuming man and full of class, and without the support of Orbis the 50th anniversary of the world championships of bridge, The Bermuda Bowl, could never have been staged here in 2000. Allan was a great supporter of bridge and the funding provided by Orbis has continued to help aspiring bridge players long after the tournament was over. His philanthropic efforts both here and in South Africa were immense, and will undoubtedly continue through his foundations and his family. All of us in the bridge fraternity and in the Bermuda community will miss him greatly, and our thoughts at this time are with his family.” Mr Gray died of natural causes on Sunday. A statement issued through Orbis expressed deep sadness. It said: “Allan made an immeasurable impact on many lives as an entrepreneur, investor and philanthropist in Bermuda, and globally. He has earned his rest. Allan leaves behind a lasting legacy. He founded Allan Gray and Orbis with the singular purpose of creating long-term wealth for clients and the firms continue to be guided by Allan’s strong values and his philosophy and approach to investing. He saw philanthropy as a natural extension of the impact that the investment business aims to make in people’s lives, spending considerable focus and energy later in his career on philanthropic endeavours. Allan’s important legacy is exemplified by the work of the 1,500 employees of the asset management firms he founded, the benefits accruing to their many clients, and the ongoing impact which the philanthropic efforts he founded will continue to have. He made a difference.” Mr Gray handed over the leadership of Orbis to his son William in 2000, and resigned from the board in 2010. He stepped away from his remaining investment responsibilities at Orbis in 2012 and officially retired from the company in 2016. He leaves behind his wife Gill, their three children Trevor, Jenny and Will together with their spouses Carrie, Buddy and Ali, seven grandchildren and two great-grandchildren.

Multi-billionaire. American-born but renounced it for Irish citizenship. Founder. chairman and sole owner of Lone Star Funds, with its considerable array of Bermuda-incorporated international entities. Also owns Hudson Advisors that provides due diligence and analysis, asset management and other support services to Lone Star.

Green sons, hotel owners, with father Peter Green. Royal Gazette photo

28 in 2019. One of the world's richest men, assets include all the Bermuda-registered Grosvenor companies. He owns more land than the Queen, richest landlord in the UK with an estimated wealth of £9 billion, richest person under 30 in the UK in 2019. Grosvenor companies control £12.5bn of property around the world, with assets including its historic estate in Mayfair and Belgravia, as well as the Liverpool One shopping complex. Inherited the title as the youngest child but only son of the late 6th Duke of Westminster, 68, who died August 9, 2016 and was close friend of Prince Charles.

Norwegian citizen. Chairman and CEO of Bermuda-registered Viking River Cruises, with a number of its operating companies registered in Bermuda. Founded in 1997, the company is  one of the world's leading river cruise lines, operating a fleet of deluxe vessels on the waterways of Europe, Russia, Ukraine, China, Southeast Asia and Egypt. Hagen has extensive experience in the shipping and cruise industries; he was CEO of Royal Viking Line and has served on the boards of Holland America Line and Kloster Cruise Ltd. He was formerly a partner of the management consulting firm McKinsey & Company in Europe. Hagen earned a degree in physics at the Norwegian Institute of Technology and an MBA at Harvard University.

Self-made American building supplies billionaire. She (and her late husband Kenneth) own American Patriot Insurance Agency. Mrs Hendricks, worth $3.8 billion according to Forbes, is cofounder and chairman of ABC Supply.

2014 CEO of Multi-billion dollar Lazard's, Wall Street investment bank, Bermuda-incorporated and domiciled but not offering banking service in the Bermuda market. Said to be one of the few investment banks to emerge from the sub-prime mortgage meltdown unscathed. Founded as a dry goods business in New Orleans in 1847, it ranks seventh among financial advisers for announced mergers and acquisitions globally in 2009, behind larger Wall Street companies Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. and JP Morgan Chase & Co. Operates mostly in New York, London and Paris.  Lazard has 2,300 employees worldwide and approximately $143.6 billion in assets under management. Now the largest independent merger-advisory firm. Derives about half its revenue from advising on mergers and restructurings.

American multibillionaires, owners of privately-held Koch Industries, second-biggest privately held corporation in the USA, with many Bermuda-registered subsidiaries.

2019. January 3. NCB Financial Group, the company that owns a majority stake in Clarien Bank, has made a bid to take a controlling interest in Caribbean region insurer Guardian Holdings Ltd. Controlled by Michael Lee-Chin, the Jamaican-born billionaire, NCB has a 50.1 per cent stake in the Bermudian bank. Mr Lee-Chin’s Portland Private Equity owns an additional 17.9 per cent stake in Clarien. On Monday, NCB’s subsidiary NCB Global Holdings, made an offer to all Guardian shareholders to buy up to 32.01 per cent of the company. The $2.79 per share offer is worth more than $207 million in aggregate. NCB already owns 29.99 per cent of Guardian, which is based in Trinidad and Tobago and offers life, health, property and casualty insurance, as well as pensions and asset management in 21 countries across the English and Dutch Caribbean. If the bid is successful, NCB would own a 62 per cent controlling interest in Guardian. The offer is conditional upon Guardian shareholders tendering sufficient shares to give NCB a more than 50.01 per cent stake and on regulatory approvals for the deal. The offer period is scheduled to close on February 7, 2019.

2017. December 19. Billionaire investor Michael Lee-Chin sees a bright future for Bermuda — a view he has backed with hard cash in the form of his purchase of a controlling interest in Clarien Bank. The charismatic Jamaican-born chairman of Canadian firm Portland Holdings is not troubled by the growing pressure being applied on the island by major countries looking to clamp down on tax avoidance. In an interview, he said he saw opportunity amid the uncertainty, guided by his long-term confidence in both the island and its wealth-management industry. And he spoke of his penchant for wealth-building opportunities at times of crisis, of moving in when other investors are moving out. On December 1, Clarien Group announced agreement on a deal that would give companies controlled by Mr Lee-Chin’s Portland group of companies a 68 per cent stake in the Bermuda company. Portland Private Equity, which initially invested in Clarien in April 2016, will hold a 17.9 per cent interest in Clarien under the terms of the deal, while NCB Financial Group will own 50.1 per cent. Edmund Gibbons Ltd owns the remainder. Speaking from Canada, Mr Lee-Chin explained the thinking behind this substantial investment. “I’m very bullish on Bermuda, because Bermuda has a phenomenal global reputation, and because its current situation has given us an opportunity to enter the market.  Also, wealthy people from around the world still want to protect their assets, so there will be an opportunity to service their needs.” He said the attention focused on offshore financial centres like Bermuda from tax-hungry major countries had created an improved investment opportunity. “We are firm believers in the Chinese definition of the word crisis,” Mr Lee-Chin said. “Crisis = danger + opportunity. We can’t get the opportunity unless there is a crisis. When there is a crisis, most people focus on the ‘danger’ component, but those with long-term thinking recognize the opportunity.” Global financial institutions were pulling out of offshore centres, he said, something he described as a “kneejerk reaction” to today’s circumstances. “In five or ten years from now, the global players will want to return,” he said. “With the benefit of time they will realize that there is still a strong demand from clients to protect their assets and Bermuda has developed a reputation as a safe place to do that. The rising demand for asset protection is a long-term, secular trend and I always want to invest in a business with a rising tide that will lift all boats and will lift ours.” The island’s advantages included its British legal system, the fact that it is English speaking, has a great mid-Atlantic location, and also that it has a strong reputation for stability, he added. An example of how Mr Lee-Chin’s opportunity-from-crisis investment philosophy has worked for him came with Portland’s purchase of National Commercial Bank Jamaica Ltd in 2002. At the time, NCB had 24 per cent market share in Jamaica, where Canadian banks, one of which had a 54 per cent market share, were dominating. He recalled: “At the time we bought the bank, staff morale was low because they couldn’t compete against the Canadian banks, their IT infrastructure was outdated, inflation was about 30 per cent and the currency was depreciating. The year before we bought it, NCB made a profit of US$6 million — in the year through September 2017, it made US$150 million and now it has a 44 per cent market share. Over the 14 years, it has made about US$1.5 billion in profits and paid about US$475 million in corporate taxes.” The fact he highlighted taxes paid highlights another aspect of Mr Lee-Chin’s approach to doing business. The Portland mantra is prosperitas cum caritate, or prosper with care for people, which speaks to his desire for his businesses to “not only do well, but also do good.  I want every staff member to come to work believing there is a direct connection between their efforts and the well-being of the next generation,” Mr Lee-Chin said. He personally works on developing such a community-minded culture in his businesses, he added, striving to lead by example through his own personal life and values. Mr Lee-Chin was born in Port Antonio, Jamaica in 1951 and moved to Canada in 1970 to study civil engineering at McMaster University in Hamilton, Ontario. He went into the mutual fund industry and became a financial adviser at 26. Having achieved some success, at the age of 32, he borrowed money to buy $500,000 of Mackenzie Financial stock, which appreciated sevenfold over the next four years. He then bought a small Ontario investment firm called AIC Ltd with $800,000 of assets under management — 20 years later it was managing more than $15 billion. In 2009, he sold it to Manulife. Now he is chairman and CEO of Portland, which has invested heavily in the Caribbean region, owning stakes in wealth management companies, insurers, banks, telecommunications groups and the Wallenford Coffee Company, the largest cultivator of Jamaica Blue Mountain and Jamaica High Mountain coffee. He said there were three preconditions that he looked for in potential investments. “When all three are present, that gets us excited,” he said.

• Gap between perception and reality: Jamaica, for example, was not perceived to be “a nirvana for investors” back in 2002, he said. Establishing the reality required “boots on the ground”, rather than “sitting in an office in New York or Toronto” reading a World Bank report that would provide only a macro view.
• Lack of equity capital flowing to the business or region: “We love situations where there is a lack of equity capital because every last dollar is well treated,” Mr Lee-Chin said, adding that such investments are high impact in terms of being beneficial to society.
• Inefficiencies: when they exist are there clear opportunities from becoming more efficient.

The first thing Mr Lee-Chin said his investment will bring to Clarien is to bolster its balance sheet, which would in turn help the bank to bolster its asset-management and trust services, as well as strengthening the back office and front office. Asked whether the bank would be likely to add to its staff, Mr Lee-Chin said: “That will be a function of how well we do over time. If we are successful, more staff would be a natural by-product.” And the advice he would give to any budding entrepreneur? “Understand the eighth wonder of the world, as it was described by Albert Einstein — compounding,” he said. “If you don’t understand compounding, it’s difficult to lead a successful life. It’s about reinvesting and growing. Investing the experiences you had yesterday to make you stronger tomorrow. Doing the same thing over and over, versus flipping from one thing to another. Persevering, bringing forth everything you’ve learnt to this point in your life.”

Hedge fund manager who founded, is the CEO and investment manager, of Bermuda-based Third Point Re in 2011.

2016. October 21. Millionaire businessman Timothy Mardon was shot in his mansion because he was mistaken for a drug dealer, a court heard. According to reports in the British press, Mr Mardon, division president at Chubb Tempest Re Bermuda, said he had barricaded himself in after hearing intruders in his Grade II-listed home in the village of Sible Hedingham, Essex, on February 6. The BBC reports that the victim, a father of two, whispered to a 999 operator that burglars were in his mansion moments before he was shot through a locked door. The raiders had mistakenly believed Mr Mardon, who is in his forties, was a drug dealer. Three men broke into the home, the report says; one denies attempted murder and aggravated burglary, and two others have denied aggravated burglary. Mr Mardon told Chelmsford Crown Court he was home alone when he awoke to the sound of voices and footsteps on his gravel drive. A man could be seen trying to force open a sash window, he said. Mr Mardon had called 999, and was still on the line to the police when he was shot, the court was told. The victim was shot after burglars broke into the house in Sible Hedingham — they fled empty-handed. A recording of the call, which lasted almost 35 minutes, was played to the jury. “Suddenly, there was a loud explosion,” said Mr Mardon, giving evidence. “I was thrown to the ground and the door burst open and the individual with the stocking over his head burst into the room wielding a gun.” The court heard the gunman screamed at him: “Where’s the weed money?” With blood pouring from the leg wound, he replied: “I don’t deal weed. I work for an insurance company.” Mr Mardon said the intruder threatened to kill his family if he was lying. Charlie Simms, 23 from Great Yeldham, Kalebh Shreeve, 24, and Christopher Bergin, 27, both from Sible Hedingham, denied charges of aggravated burglary, wounding with intent, possessing a firearm and possessing a firearm with intent to endanger life. Mr Simms also denied attempted murder. 

Awarded an OBE in 1981 and elected a Fellow of the Royal Society in 1984, he was the British founder of the international Netlon/Tensar plastic mesh empire. He invented the majority of the process technologies used around the world today to manufacture integrally formed oriented polymeric grid and mesh structures.  An engineer, scientist, inventor, innovator and avid collector of contemporary European, Japanese and African art, he relocated to Bermuda from the UK in 1994.  In 1982 he married Vivien Counsell of Bermuda. He was worth at least US$64 million. He died in November 1998 at the age of 70. (Information kindly supplied by Vivien (Counsell) Mitchell).

2019. July 10. Ross Perot, a billionaire part-time Bermuda resident and maverick former US presidential candidate, died yesterday at home in Dallas, Texas. Mr Perot, who had leukemia diagnosed five months ago, was born in 1930 and was 89 at his death. He first visited the island in 1957 with his wife, Margot, while he was on leave from the United States Navy, where he served as an officer. Mr Perot’s daughter, Carolyn Rathjen, said the couple “thought it was the most beautiful place they’d ever seen”. They bought a luxury beachfront property in Tucker’s Town in 1985 and the family have been regular visitors since. Ms Rathjen added: “The family still maintains a property on the island. It is everyone in the Perot family’s favourite place. His last visit was Easter, where he enjoyed sitting on his deck, transfixed by the sound of the waves and the spectacular view.” The family said Mr Perot loved boats, as well as windsurfing and water-skiing. Ms Rathjen added: “Ross also loved meeting and visiting with the year-round residents as well as the summer residents. He would always comment on the fascinating collection of extremely interesting people with amazing depth and interests.” Sir John Swan, a former premier, said Mr Perot’s strong links to the island were “a win-win situation”. His Ross Perot Foundation supported an underwater archaeology project to work on the wreck of the Warwick, which sank off Bermuda in a 1619 storm. Mr Perot also backed other island organisations, including the Masterworks Museum of Bermuda Art and the National Museum of Bermuda. He also made donations to the Bermuda Aquarium for the preservation of Trunk Island. Sir John said: “He quietly did a lot of things that people would not know about. Ross used his plane to help medivac people out. His wife, Margot, was a jewel. They didn’t shut themselves away — they brought a lot of people here as friends and guests. Ross also played that role of helping to define us in the world of geopolitics.” Mr Perot’s 1992 run for president brought international media attention to the island. Mr Perot ran as an independent candidate for president in 1992 and won 19.7 million votes in the best third-party candidate showing since 1912, when former president Theodore Roosevelt took 27 per cent of the vote. He ran again four years later, but was less successful. Sir John said Mr Perot’s first presidential bid “tipped the balance of American history — he helped dislodge President George H Bush, my dear friend”. He added: “That was a turning point — America became busy domestically, not internationally. Events took place after that which might have gone differently.” Mr Perot, the founder of Electronic Data Systems Corporation and Perot Systems Corporation, attracted international headlines when a reef off his estate was blown up without permission so his yacht could be moored closer to his mansion. A later investigation by the Government found that Mr Perot knew nothing of the 1986 destruction and had not authorized it. Sir John said Mr Perot was “a naturally tough man with a big heart”. He added that Mr Perot was “put in the forefront” in 1979, just before the Iranian Revolution, when two Electronic Data Systems staff were held captive in the country. Sir John said: “He organised an operation to rescue them, which put him in the public eye.” He added: “He was no-nonsense when he was working and could be a lot of fun casually. He and his wife became good friends with me and my late wife.” Sir John said: “He was a friend of Bermuda who gave us prominence at a time when Bermuda was on the move. “These are the type of people we can benefit from, that take our message overseas in their sphere of influence.” He added: “I extend my sympathies to his family and to Margot in particular.” Mr Perot is also survived by the couple’s five children.

In the 1992 and 1996 US Presidential elections he won 19 percent of the popular vote. He founded the Reform Party in USA. He's worth at least US$ 3.5 billion in 2013. He and his son, Henry Ross Perot,  own lavish side by side Bermuda homes in Tucker's Town. His own property is "Vertigo. " Ross Jr. has "Caliban" on 2.86 acres overlooking Waller's Bay and Surf Bays, with various buildings. In August 2006, Ross Sr's guests included US Cabinet Secretary Jim Nicholson and America's leading wine importer John F. Mariani, Jr. Bermuda-based Parkcentral Global Hub is his family trust. Steven Blasnik, president of Parkcentral Capital Management LP and manager of the Perot family's money since 1992, and others formed Parkcentral Global in 2002.

Russian billionaire. Half owns Renaissance Capital, an investment bank whose holding company is in Bermuda

British billionaires worth about £14 billion in 2018, whose London real estate empire alone includes the Piccadilly Estate, Millbank Towers, Burlington Arcade, Arena Racing Company, London Oxford Airport, a chain of pubs, London Heliport, Merchant Square and much more. A Reuben Brothers company is Bermuda-incorporated. 

Republican candidate for US President November 2012 elections. Estimated to be worth about $250 million, he and/or his wife and family have several Bermuda-based offshore entities.

2018. May 15. A drug manufacturer has come under fire in Britain for allegedly diverting $1.35 billion through Bermuda to avoid taxes. A report in London’s Evening Standard said pharmaceutical firm Napp has funneled cash through its Bermuda-based Mundipharma offices for more than 25 years. Napp, which manufactures painkiller OxyContin among other drugs, and Mundipharma are controlled by the billionaire Sackler family. The UK’s NHS Digital, which provides data to the National Health Service, said Sackler drugs make up 68 per cent of the volume of the oxycodone market in England and 29 per cent of the entire $356 million opioid market. The newspaper report, published last week, said the company manufactured drugs in Cambridge, England, and has paid taxes on drugs sold to the NHS. The report added sales to other parts of the world were routed through Mundipharma’s office on Par-la-Ville Road in Hamilton. The story said: “This would have allowed profit to be taken on the island nation, where no tax is payable. According to our sources, Mundipharma bought the drugs from the UK at one price and sold them to Mundipharma entities for a lot more — keeping the profit made in Bermuda. However, the products were shipped directly from the UK to the country where they were sold and did not go anywhere near Bermuda.” Napp’s turnover for international sales totaled $182 million in 2015. The report said: “Over 25 years, our sources said, the amount of profits diverted to Bermuda from Mundipharma Europe and Australasia was well over £1 billion. If the 2015 profit had been taxed in the UK, where the drugs are manufactured, it would have attracted corporation tax of 20 per cent, which equates to £30 million.” Over the 25 years the scheme has operated, this may add up to the avoidance of hundreds of millions of pounds in corporation tax. Bermuda’s role was reduced in 2015 due to changes in UK law, with profits being repatriated through the UK. The report quoted a tax expert who said the process used by Napp was not illegal or considered tax evasion “provided the transfer pricing arrangements with Bermuda could be commercially justified”. The unidentified expert said: “One way to add value is for the offshore company to hold the intellectual property and charge a fee for this, but in this case it appears the IP for OxyContin is held by Napp in the UK, and their larger trademark portfolio is held by Mundipharma AG in Switzerland. So it is hard to see, at least on the facts supplied, what activity in Bermuda added the value to justify the higher pricing.” The expert added that it was possible that the company entered into an advance pricing agreement with HM Revenue and Customs. The expert said: “Before 2015 this was relatively easy, as such arrangements were often difficult for HMRC to challenge successfully. The introduction of diverted profits tax in 2015 made it harder for multinationals and this may be why the arrangements changed so radically in 2016.” In a joint statement, Napp and Mundipharma said they had a long history of paying taxes in the UK, including $90.7 million between 2013 and 2016. The statement said: “Napp and Mundipharma independent associated companies based in the UK are transparent in the disclosure in their public accounts of their dealings with independent associated companies and in their dealings with HMRC. We follow HMRC’s guidance in full. We pay all taxes that we owe.”

2017.  The £2 million Sackler Courtyard was unveiled at the V&A in the UK, emblazoned with a huge Sackler nameplate as well as a plaque honoring the late Mortimer Sackler, his third wife Theresa and all seven of his children.  Oxford University alone was given £11 million by the family.

NCL's Kevin Sheehan. See above story

CEO and founder Sir Martin Sorrell of WPP, world's largest advertising company Bermuda-incorporated but based in the UK, was paid £70 million in 2015, one of the biggest payouts for a British company, sparking anger among shareholders. In April 2017 in its Annual Report  it announced it will cut his pay to just over £13 million by 2021 after a shareholder revolt. In April 2018 he resigned as CEO but the BBC announced he would be paid £45 million annually in 2018, down from £70 million earlier..

Born 16 April 1934; died 4 January 2016 in London. Once a  Bermuda resident, the late Robert Stigwood was a film and musical producer (Grease etc) from 1978 to 1991 and entrepreneur, estimated to have been worth US$ 360 million when he died. The Bermuda-based company he owned and controlled, still active, is Cedarwood Ltd. The Robert Stigwood Organisation (RSO) was founded in the early sixties by entertainment tycoon Robert Stigwood. RSO promoted artists such as Mick Jagger, Rod Stewart, David Bowie and Rick Davis (a former member of the Bay City Rollers), and managed and developed the careers of acts including Blind Faith and Eric Clapton. The RSO Records label recorded artists including Clapton, Yvonne Elliman and Player, and soundtrack albums for the motion pictures The Empire Strikes Back and Fame (both 1980) in addition to the films produced by his company RSO Films. RSO's transition "from rock management concern to multimedia entertainment empire"​ began with the West-End production of the pioneering rock musical Hair. Followed with many other highly successful productions: Oh! Calcutta!, The Dirtiest Show in Town, Pippin, Sweeney Todd, Sing a Rude Song, John, Paul, Ringo and Bert (Evening Standard Drama Award Best Musical for 1974) and the last of the Tim Rice-Andrew Lloyd Webber musicals, Evita. Both Superstar and Evita were successfully reproduced on Broadway, the latter picking up the Tony Award for Best Musical in 1980. RSO Films produced hit cult movies such as Jesus-Christ Superstar, Tommy, Grease, Grease 2, Saturday Night Fever, Stayin'​ Alive, Gallipoli, Moment by Moment, The Fan, Sgt. Pepper's Lonely Hearts Club Band, Times Square, Evita. RSO produced stage versions of his other successful film musicals, Grease and Saturday Night Fever that have toured to please audiences around the globe. Website RSOprod.com. Company was founded in 1961. HQ is at East Cowes, Isle of Wight, UK. Specialises in musical theatre production, film production, TV production, music production. 

One of Canada's best-known value investors and the billionaire founder of Fairfax Financial Holdings Ltd of Toronto which has a Bermuda arm and Bermuda shares. He has been compared to Warren Buffett because of his investing approach.