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Sep 30, 2022

James Dyson’s Tech Firm Pays £1 Billion Dividend in Wealth Shift

Posted by in category: futurism

James Dyson’s technology firm gave a record 10-figure dividend to his family holding company last year as the billionaire continues to build up his fortune outside his largest asset.

Dyson Holdings paid Weybourne Holdings £1 billion ($1.1 billion) in 2021, the biggest annual cash transfer ever for the UK entrepreneur’s investment group, according to registry filings. Weybourne is also set to receive at least £500 million more this year from a dividend declared in January by the closely held maker of bagless vacuum cleaners.

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