- Van der Vorms, a family in the Netherlands, will be having the problem of how to spend their $4 billion funds (N1,452,000,000,000)
- The family has been known to be a very discreet one, saying little or nothing about their business strategy
- Despite the fact that the family do not say much or attract attention, it has continued to grow its amazing fund pile
One of the world’s richest family and very simple to the core will have the problem of how to spend their huge pile of cash.
Though many do not know the Van der Vorms outside of the Netherlands, the family will be having as much as $4 billion (N1,452,000,000,000) in 2019 just from the sale of an eyewear company to Ray-Ban maker EssilorLuxottica SA.
According to Bloomberg, revenue from the sale of the company will go into Hal Trust, a financial outfit that the family controls.
Worried about what the family will do with the money, an Amsterdam-based analyst said he is very curious about what they will be doing with the billions as nobody really knows. He said they return the money to shareholders, invest or become big philanthropists.
It should be noted that the Van der Vorms family have been in this present position before when they made a big fortune from building Holland American Line, a shipping company in the 1980s that was sold to Carnival Plc for around $600 million (N217,104,000,000).
According to a Bloomberg index, the family is presently worth about $11.2 billion (N3,980,240,000,000) which is based on the revenue from the two companies it controls.
Much of the family’s financial funds is shrouded in secrecy. A KBC securities analyst, Joachim Vansanten, says Hal which is controlled by the family is very secretive as they always refuse to answer even the most basic questions.
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The irony of it all is that despite the fact that the family shies away from attention, its fortune has never stopped growing. In the year 2018, the family invested $840 million in a deal for US flooring maker, Formica and a German technology firm.
Meanwhile, Legit.ng earlier reported that the legendary king of pop, Michael Jackson, topped the list of high-earning dead celebrities for 2019 in a compilation released by Forbes on Wednesday, October 30.
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