JuneFall [none/use name]

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Joined 4 years ago
Cake day: August 8th, 2020
  • JuneFall [none/use name]@hexbear.nettoAsklemmy@lemmy.ml•People of Lemmy, I dare you to name ONE billionaire that's done anything good.English
    14·
    1 year ago

    Agha Khan Development Network

    The Aga Khan operates a large horse racing and breeding operation at his estate Aiglemont, in the town of Gouvieux in the Picardy region of France – about 4 kilometres (2+1⁄2 miles) west of the Chantilly Racecourse. In 1977, he paid £1.3 million for the bloodstock owned by Anna Dupré and in 1978, £4.7 million for the bloodstock of Marcel Boussac.[82]

    The Aga Khan is an ardent yachtsman. He co-founded the Yacht Club Costa Smeralda in Porto Cervo, Sardinia in 1967. He also commissioned a 164-foot yacht, Alamshar, named after a prized racehorse of his, with a price tag of £200 million. The cost and maintenance are partly covered by chartering. The yacht was advertised as having a top speed of 60 knots, capable of setting a new transatlantic speed record.[citation needed] It reached a speed in excess of 55 knots in its initial trials but despite the claims, it was never intended for transatlantic speed records as it does not have the range.

    Forbes describes the Aga Khan as one of the world’s fifteen richest royals, and the most recent estimate of his net worth is $13.3 billion.[13] He is unique among the richest royals in that he does not preside over a geographic territory.[14] He owns hundreds of racehorses, valuable stud farms, an exclusive yacht club on Sardinia,[60] Bell Island in the Bahamas,[61] two Bombardier jets, a £100 million high speed yacht Alamshar, and several estates around the world

    In the 1990s, the Aga Khan had a group of US$400 a night Italian luxury hotels, called Ciga. Currently the Aga Khan, through his for-profit AKFED, is the largest shareholder in the Serena Hotels chain.[64] The Aga Khan’s racing horse businesses bring in considerable income.[65] He owns and operates the largest horse racing and breeding operation in France, the French horse auction house, Arqana, Gilltown Stud near Kilcullen in Ireland, and other breeding/stud farms in Europe

    He married a Thyssen, yes as in Thyssen Krupp a Nazi collaborating company focused on the war goals and used plenty of forced labour. Honestly I doubt that even what is financed via 10% of much poorer people’s income than his that is done via the AKDN means he is a good guy.

    AKFED is part of AKDN. He literally uses poor peoples money to build hotel chains for the rich and ultra rich and also is more interested in his own vanity and consumption than the people.