John Grayken

John Grayken is an American born Irish and the founder of Lone Star Funds (a private equity company) and Hudson Advisors (an asset management firm). He is currently the 4th wealthiest person in Ireland with a net worth of $5.2 billion. Grayken has amassed his wealth by going where few businessmen would dare to go: he is in the business of buying non-performing mortgages and selling them off later thus raking in hefty profits. 

Consequently, his shrewdness has made Lone Star Funds the world’s largest purchaser of non-performing mortgages having bought all sorts of real estate in the United States, South Korea, Japan Germany and Ireland among other countries. His buyouts have however not always run smoothly: Lone Star Funds had a court battle with South Korean officials over tampering with stock prices.

In spite of his enormous wealth, very little is known about Grayken’s personal life due to the fact that he is extremely private and media shy. However, he was raised in Boston, educated in Harvard and has worked for various real estate and financial firms including Brazos. In 1999, Grayken gave up his American citizenship for Irish citizenship and relocated to London.

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References:

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