Alberto Vilar

Alberto Vilar , also Albert Vilar (born October 4, 1940 in Newark , New Jersey / USA ) is an American stock market speculator and patron .

Life

Vilar's father had owned a plantation in Cuba . Vilar studied economics with a Masters degree from Iona College. In 1979 he founded with Gary Tanaka , the company Amerindo Investment Advisors Inc . You were one of the first major investors in AOL and Yahoo and posted record profits in the period before the dot-com bubble . In 1999 the fund was able to generate an incredible 249 percent return. As recently as 2001, Vilar's net worth was estimated at $ 1 billion. The Amerindo stock fund was worth $ 689 million in 2000, but down to $ 98 million in 2005.

In 2010, Vilar was sentenced to 9 years in prison for allegedly embezzling his customers' money. He is serving his sentence in a low security facility in New Jersey .

His horse breeding was fatal for his business partner , he financed the purchase of several horses with customer money and was sentenced to three years in prison.

The patron

Vilar was a great patron of the opera. He is said to have given away around $ 225 million to cultural institutions. This also includes the Festspielhaus in Baden-Baden . But he didn't always keep his promises. The New York Met was supposed to get $ 20 million but got nothing. The plaque there has since been unscrewed.

Web links

• Amerindo founders Vilar and Tanaka accused of fraud: Yahoo investors in court. In: Handelsblatt. May 31, 2005.
• Culture patron Alberto Vilar faces 20 years imprisonment. In: Tagesspiegel. November 21, 2008.
• Amerindo's Tanaka Faces Prison as His Horses Win for a Friend. ( Memento from February 9, 2010 in the Internet Archive ) In: Businessweek. February 5, 2010.
• Interview: Opera patron Alberto Vilar: I am the biggest sponsor worldwide. In: FAZ. May 9, 2001.
• SZ series: The big speculators (32): The patron who loved each other. In: Süddeutsche Zeitung. September 8, 2008.

Individual evidence

1. ↑ http://biography.jrank.org/pages/3489/Vilar-Alberto-1940-Investor-Philanthropist-Frustrated-Music-Lover.html
2. ↑ In Pictures: Riches-To-Rags Billionaires: Alberto Vilar. on: forbes.com
3. ^ Art-loving financier Alberto Vilar sentenced to 9 years after swindling $ 22 million from clients. ( Memento of the original from February 9, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. on: Daily News. February 6, 2010. 
4. ↑ ALBERTO VILAR. on the website of the Federal Bureau of Prisons.
5. ↑ The rich uncle from America - one of the founding donors of the Festspielhaus: Alberto Vilar. on: bad-bad.de
6. ↑ Culture patron Alberto Vilar faces 20 years imprisonment. In: Tagesspiegel. November 21, 2008.