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Bermuda's many connections with world business leaders

Some reside locally, most others base their multinational operations here

By Keith Archibald Forbes (see About Us) exclusively for Bermuda Online

To refer to this webfile, please use "bermuda-online.org/intexecs" as your Subject.

A to C

Lord Ashcroft	Formerly Michael Ashcroft, made a life peer in 2000, a former treasurer and now deputy chairman of the Conservative Party in England. British, estimated to be worth $93 million, one of the 500 richest British people in the world. He made a fortune in Belize and was once  its Ambassador to the  United Nations. He resigned in 2002 as a director of Bermuda-based Tyco International. His many interests include owning the majority interest in the Belize telephone company and Bermuda-registered Flying Lion, private jet airline. It Flies UK opposition politicians world-wide. Owned by millionaire Lord Ashcroft. Registered at Cedar Avenue in Hamilton. A Falcon 900EX allows its MP passengers to travel in comfort and style, with features such as supple leathers, glistening veneers and deep pile carpet as standard, according to French maker, Dassault.
William Atkin	Annuity & Life. Once President of Mutual Risk Management Ltd. Bermudian.
Sir David Barclay & Sir Frederick Barclay	British twins, among Britain's 500 richest people. Worth about £1.65 billion in hotels, property and publishing. They own The European, The Scotsman and Daily Telegraph newspapers of UK - the latter bought on 22nd June 2004 for £650 million - London's Ritz Hotel, and Channel Island of Brecqhou. Business interests are controlled by Bermuda registered BI Ltd.
Albert Benchimol	Partner Re.
Silvio Berlusconi	Italian media magnate, believed to be worth more than US $7.8 billion. He and his family own a mansion, Blue Horizon, in Tucker's Town. His son is Piersilvio. He was the Italian Prime Minister for seven months in 1994, lost his first come-back bid in 1996, was elected Prime Minister of Italy again on May 14, 2001, was defeated in the Italian general election of April 2006 but became Italian Prime Minister for the third time in April 2008 and remained so until November 2011. He owns the top soccer club in Milan, Italy's top supermarket chain and Europe's largest private television network. There are various books about him.
Geoffrey Bible	Formerly Chairman of Philip Morris.
Michael Bloomberg	An American technology wizard and frequent visitor to Bermuda with a vast home overlooking the ocean in Tucker's Town, he founded a global financial company - Bloomberg - in his own name, more than 75% of which he still owns. 69 years old (in November 2010) he is the wealthiest divorced man, with 2 daughters in New York City, with an estimated US$18.1 billion in assets in  February 2011. His Bermuda home was recently extensively re-worked at a reported cost of $10.5 million. His neighbors there include Hugh Lowenstein, billionaire Ross Perot and Italian Prime Minister Silvio Berlusconi. His other homes are two in New York's Westchester County, Armonk, a townhouse at 17 E. 79th Street in Manhattan, a 20-acre farm in North Salem, a London apartment in Cadogan Square and a condominium in Vail, Colorado. His financial information and news services are widely used locally. He was a 2001 Republican mayoral candidate for New York City, won the election and became Mayor after November 6, 2001 (still in office in 2011). He has a fleet of aircraft at his disposal. A licensed pilot, he owns a high-performance single-engine plane for quick jaunts. It is a Mooney Bravo M20M, seats four, flies high and goes fast. On February 21, 2006 the New York Daily News reported that Mayor Bloomberg's presence in Bermuda was about to get a whole lot bigger. His daughters, Emma and Georgina, filed an application with the Bermuda Minister of Home Affairs to buy The Jungle, a 1.7-acre property next to their dad's $10.5 million mansion. The ultra-exclusive property is owned by Hugh Lowenstein, one of Bloomberg's oldest friends and a member of his company's board of directors. A Bermuda real estate agency described The Jungle as an "exquisite property" and "magnificent house" with a large galleried living room, replete with a cedar railing balcony leading to the bedrooms. There's an outdoor pool in a beautiful garden setting with a sloping lawn heading to a large dock. The house has four bedrooms, five bathrooms and a fireplace in the living room.
Nicholas Brown, Jr.	XL Capital.
James Bryce	IPC Holdings.
Warren E. Buffett	Billionaire, one of the richest man in the world. CEO and principal shareholder in Bermuda-based Berkshire Hathaway. West End Capital Management Ltd, at  Crawford House, 23 Church Street, Hamilton HM 11. Phone 296-8272. Fax 295-4927, is a hedge fund company managing about US$700 billion for him. Also owns Bermuda-registered Berkshire Hathaway Assurance and NetJets, a leading private aviation group.  In February 2008 he offered beleaguered bond insurers an $800bn (£408bn) life-line in a bid to prevent further fall-out from the US sub-prime mortgage crisis, with the opportunity to reinsure $800bn in municipal or tax-exempt bonds. He is known as the "Sage of Omaha" for his intuitive ability to make money from the markets. In April 2008 Berkshire Hathaway and the chocolate giant Mars announced plans to acquire Wm Wrigley for $22bn, in deal that would unite two of America's largest confectionary groups.
Michael Butt	President and chief executive of catastrophe re-insurer Mid Ocean Ltd. One of the highly paid Bermuda based chiefs of global commercial insurers.
Rory Carvill	British, worth at least $36 million, one of the 500 richest British men. His Carvill companies, including R. K. Carvill (Reinsurance Brokers) Ltd are Bermuda registered.
John Charman	Tucker's Town resident. Multi-millionaire CEO/President/Director of Bermuda-based Axis Capital Holdings Ltd and Axis Specialty Ltd. Has over 30 years of experience in the insurance industry and has been in a senior underwriting position since 1975. From 2000 to 2001, he served as deputy chairman of ACE INA Holdings and President of ACE International. Was CEO at ACE Global Markets from 1998 to 2001, before that, CEO of Tarquin plc (a joint venture company among Insurance Partners, Harvard University and the Charman Group), the parent company of the Charman Underwriting Agencies at Lloyd's. He was a deputy chairman of the Council of Lloyd's and a member of the Lloyd's Core Management Group and Lloyd's Market Board between 1995 and 1997.  A permanent resident of Bermuda and with property in the UK also, he was ordered in August 2006 to pay his ex-wife £48 million ($96 million) at London’s High Court in what is believed to be the biggest-ever settlement in a contested divorce case in British legal history.
John Kent Cooke	The former president of the Washington Redskins football team in the USA. He is the son of Jack Kent Cooke who died in April, 1997 and left an estate conservatively valued at US$ 60 million. Assets then included the Washington Redskins football team, subsequently sold for US$ 800 million.
Peter Cozens	IPC Holdings.

D to H

I to M

J. D Irving	The famous Canadian dynasty, the Irving family, has a major offshore corporate base here. A $6 billion empire, it controls huge business concerns in New Brunswick. The 125-year-old dynasty has a number of JD Irving Limited Bermuda-registered entities, and the Island became the final home for company patriarch Kenneth Colin Irving before he passed away in 1992. Since then it has been Mr. Irving's three sons JK, Arthur and Jack, all in their 70s, who have overseen the various elements of the business, which includes media, oil and energy, and forestry. The Irving family is the third richest in Canada.
Abigail Johnson	Daughter of Fidelity Investments founder Edward (Ned) Johnson III (see below) with an estimated worth of $11.3 billion. Has a huge Bermuda home believed to be on Seabright Avenue, Hungry Bay, Paget.
Edward (Ned) Crosby Johnson III	American, Bermuda resident, founder and billionaire chief executive of FMR Corporation (Fidelity). He has a Somerset home. He's been very generous to Bermuda, including funding the  Bermuda Underwater Exploration Institute. He is believed to be worth over US$ 7.1 billion.
Catherine Zeta-Jones	42 in 2011. Actress and mother. Bermuda resident from about 2003 to 2009. Married to actor Michael Douglas (see above) who has Bermuda connections. He and Catherine had a son, Dylan, in August, 2000 and a daughter, Carys  Zeta, born in April, 2003. She was brought up in a small, mostly Catholic, Welsh coastal fishing village and has a Catholic repugnance to divorce. The daughter of a seamstress and factory owner quit school at age 15 to pursue a stage career in London. The smoldering Welsh actress rose to fame in the late '90s with her performance alongside Anthony Hopkins and Antonio Banderas in The Mask of Zorro. In 2002 she captivated audiences as Velma Kelly in the blockbuster musical Chicago, earning the actress an Oscar, BAFTA Award and Screen Actors Guild Award. Zeta-Jones also has appeared in advertisements for Elizabeth Arden, T-Mobile, Alfa Romeo and Di Modolo jewelry.  In December 2010 Zeta-Jones' estimated net worth was nearly $45 million.
Robin Judah	Briton resident, millionaire, supporter of the arts, in 2008 donated more than $10 million to a hospice in Blaenau, Gwent, Wales. He was born in Calcutta, and spent several years working in London as a stockbroker. Since moving to Bermuda in 1975, he has spent much time travelling, along with pursuing his interest in photography, an interest which has resulted in a book, "Organic Abstractions," which focused on pictures of plant life photographed with powerful lenses and a variety of film types. He donated all the profits from the book to PALS, a local cancer charity on which he sits on the board of directors.
Henry Keeling	XL Capital.
James Kelly	Mutual Risk Management.
John Kessock, Jr.	Mutual Risk Management.
Henry and Simon Keswick	British millionaires. They founded the formerly Hong Kong based Jardines corporate empire, five of the principal companies of which fled Hong Kong in favor of Bermuda in registration and corporate domain.
John Werner Kluge	American billionaire, Bermuda resident. He headed the Metromedia conglomerate. His luxury yacht Virginian was once often seen in Bermuda waters, registered at the Royal Bermuda Yacht Club.
Donald Kramer	ACE.
Ronald Lauder	Worth at least US$ 3.1 billion in 2011. He heads Bermuda registered Central European Media Enterprises Ltd. He and his brother Leonard are cosmetics heirs, via his mother Estee Lauder.
Stephen Lauder	Believed to be worth over US$3.1 billion. He owns Bermuda-registered companies.
John Lummis	Renaissance Re.
Robert Lusardi	XL Capital.
Hugh Lowenstein	A Bloomberg director who owns Bermuda-based Shore Capital Ltd. His lovely large property, "Jungle," in Tucker's Town, a neighbour of Bloomberg's, was sold recently to the two daughters, Emma and Georgina, of Michael Bloomberg, as first reported on February 21, 2006 by the New York Daily News.
James Martin	Born 1933 in England. Multi-millionaire, Information Technology consultant and author, nominated for a Pulitzer prize for his book, The Wired Society: A Challenge for Tomorrow (1977). Martin joined IBM in 1959, and since the 1980s established several IT consultancy firms. Beginning in 1981 with Dixon Doll and Tony Carter he established DMW (Doll Martin Worldwide) in London, UK, which was later renamed James Martin Associates (JMA), which was (partly) bought by Texas Instruments Software in 1991. He later co-founded Database Design Inc. (DDI), also in Ann Arbor, to promulgate his database design techniques and to develop tools to help implement them. After becoming the market leader in Information Engineering software, DDI was renamed KnowledgeWare and eventually purchased by Fran Tarkenton, who took it public. He lives on his own Bermuda private island, Agar’s Island. According to Computerworld’s 25th anniversary issue, he was ranked fourth among the 25 individuals who have most influenced the world of computer science.
Aubrey McClendon	In 2006, he bought Castle Point in Tucker's Town, one of Bermuda's most luxurious properties, 8 acres surrounded by water on three sides, for $20.8m. He is co-founder of Chesapeake Energy, the third largest independent producer of US natural gas. He also owns the pro basketball side Seattle SuperSonics and is listed as the world’s 664th richest person in the latest Forbes list, which estimates his wealth at $1.5 billion.
Betty L. McMahon	Private lady, year-round resident, very wealthy.
Dr. Brian Mercer	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).
Bruno Meyenhofer	Partner Re.
Scott Moore	Partner Re.
Robert Mulderig	Until late 2002,  he was President of Mutual Risk Management Ltd. Bermudian.
Rupert Murdoch	Based in the USA, this media magnate uses Bermuda to base some of his holding companies for his US $ 5.6 billion fortune. He is believed to have 101 British or other companies listed as subsidiaries of his main British holding company Newscorp Investments. They include his low profile News Publishers company in Bermuda and many others in the Cayman Islands, Netherlands Antilles and British Virgin Islands. The Bermuda company was more profitable during the 1990s than any other British company. Murdoch also bases his family's £3.8 billion investment vehicle, Karlholt, in Bermuda and lists it on the Bermuda Sock Exchange
Paul Myners	Baron Myners, CBE (born 1 April 1948) was quoted by British Newspapers on 23 March 2009 including the Telegraph and Sunday Times as in charge of the UK Government's clampdown on tax avoidance, tax evasion and tax havens as having set up his own business in Bermuda, Aspen Insurance Holdings. The newspapers intimated he earned nearly £200,000 in a year during his time as chairman of Aspen, between 2002 and 2007. He has stated he has always paid all his UK taxes and has no continuing interest in or from Aspen. He was Financial Services Secretary (a position sometimes referred to as City Minister) HM Treasury, in then-UK Prime Minister Gordon Brown's government. He had held the position since October 2008, and was made a life peer in order to permit his appointment, as he was not (and never has been) an elected Member of Parliament. He also served on the Prime Minister's National Economic Council. Myners worked in the financial sector since 1974. He has also held a number of third sector posts, including Chairman of the Trustees of the Tate Gallery and Chairman of the Low Pay Commission, all of which he relinquished on his ministerial appointment. Immediately prior to his ministerial appointment he was Chairman of the Guardian Media Group, publisher of The Guardian and The Observer newspapers, and chairman of Land Securities Group, the largest quoted property company in Europe at that time. He is a former Chairman of Marks & Spencer and Deputy Chairman of PowerGen.

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