Tuesday 20 March 2018

Lynch is one of the smartest investors in the fast-growing cyber security and artificial intelligence sectors and was once described as ‘Europe's Bill Gates'. The largest chunk of his wealth is derived from the sale of software firm which he founded in 1996, Autonomy.

After its sale to HP for $10bn in 2011, HP subsequently wrote down the value of the firm by $8.8bn, and embarked on a vicious row, claiming it had overpaid by $5bn as a result of misrepresentation of its financial health. A court battle is now set to take place in London next year, but in the meantime, last November, Autonomy CFO Sushovan Hussain was charged with accounting fraud, which the US calls “wire fraud”. Lynch has counter-sued HP for $160m over reputational damage

Lynch has been busying himself since, founding 1bn London tech investment firm Invoke Capital, whose controlling stake in fast-growing cyber security firm Darktrace, looks like a potential unicorn and was valued at 470m.

Other assets and investments are likely to have increased in value too. There is a farm and mansion in Suffolk and the car enthusiast, whose parents were from Cork and Tipperary, also owns a 1965 Aston Martin DB5, like the one that was in James Bond film Goldfinger, which is probably worth about 1m.

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