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The Top 10 Billionaire Backers of Music Companies
The top billionaire music company investors include Warren Buffett, the Dolan family, Phil Anschutz, Ron Burkle and more.
They begin in less glamorous industries until, with a large enough bank account, they can buy a record label, music venue or concert promoter and earn entry into the world of media moguls. Now estimated by Forbes to be the world’s 52 nd richest man worth around $29.4 billion, the dual U.S.-U.K. citizen controls, directly or through his company Access Industries, approximately 98% of Warner Music Group’s voting rights and roughly 72% of the economic interest. Ackman, whose Pershing funds have invested in restaurant companies like Chipotle and airline manufacturers, caused a stir when he called on UMG to move its stock listing and legal headquarters to the United States from Amsterdam after there were violent attacks on Israeli soccer fans in the Dutch capital in November.
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