Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Billionaire Dell buys into shipping with StealthGas investment

Billionaire Dell buys into shipping with StealthGas investment
Michael Dell, founder and ceo of PC manufacturer Dell Corporation, has bought a 9.8% stake in StealthGas, now worth $35.47m.

Dell owns the share through his investment fund MSD Capital, which also sports investments in areas such as real estate and private equity. MSD now controls 3,494,636 StealthGas shares following its $33m investment earlier this month. With the buy, Dell joins the wealthiest shipping investors, with a $15.3bn fortune, slightly behind Scorpio Bulkers investor George Soros, at $19.2bn.

"We are extremely excited and proud that one of the United States' major billionaires is investing with us," Vafias said.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish