Thursday 21 September 2017

Legendary businessman Smurfit has chartered a cruise ship for his 80th birthday in August this year. He's going to bring his guests 7,000 miles from Mumbai to Athens as part of the blow-out celebrations.

The twice-married, twice- divorced Smurfit is one of the country's best known, most successful and highest-paid businessmen, turning a small cardboard box company into the vast global behemoth that is Smurfit Kappa.

In 2002, he earned €230m for his 7.5pc stake in Smurfit when Madison Dearborn acquired it for €3.8bn. He later spent €55m to buy a 4.29pc slice of the private company, which returned to the stock markets in 2007. That stake has been sold down.

Monaco-based Smurfit paid €115m to buy the K Club with Gerry Gannon during the boom, ultimately taking control of the luxury resort from Nama. His assets have included a €50m art collection, a mega superyacht and some terrific real estate around the world. He once claimed to have made more money from the stock markets than he did from Smurfit. But he was very badly hit by the financial crisis.

Online Editors

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