Michael Flacks | |
---|---|
Born | |
Occupation | Investment |
Years active | Present |
Organization | Flacks Group |
Michael Flacks (born 1967) is a British investor, philanthropist [1] and businessman. [2] [3] He is the founder, chairman and CEO of Flacks Group, a Miami, Florida based private equity and investment firm. [4] [5] Flacks acquires underperforming corporate businesses or distressed assets and invests in them to make them profitable again. [6] [7]
As per the Bloomberg Billionaires Index, Flacks has a net worth of approximately $600 million, as of 2023. [2]
Michael Flacks ranks #141 in The Sunday Times Rich List 2024 with £1.23b. [8] His source of wealth is investment, paint and the Flacks Group.
According to North West Business Insider's latest North West Rich List which ranks the England's North West working wealthy, Michael Flacks ranks among TOP-10 richest names from the worlds of retail, property and tech with a net worth of £1.213bn. [9]
In 1985, Flacks founded Flacks Group, and over the years has been involved in acquiring and funding several businesses. As of June 2020, the group’s portfolio of businesses and real estate asset value exceeded $2.5 billion. [10] By 2023, Flacks acquired four additional businesses with a valuation more than $250 million, according to data compiled by Bloomberg. [2]
Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2023 Fortune 500 list of the largest United States corporations by total revenue and in the same year ranked #30 in Forbes Global 2000.
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. As of December 31, 2023, the firm had completed more than 730 private equity investments in portfolio companies with approximately $710 billion of total enterprise value. As of December 31, 2023, assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively.
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