Billionaire Louis-Dreyfus Gets $457 Million From Trading Giant - Bloomberg
Just over a year ago, Margarita Louis-Dreyfus’s financial outlook looked grim.
The Russian-born heiress was trying to sell a stake in Louis Dreyfus Co., one of the world’s biggest agricultural commodity trading houses, after she borrowed more than $1 billion from Credit Suisse Group AG to buy out family members. More than $400 million of debt was coming due by the end of 2020.
Since then, Louis-Dreyfus, 59, has sold 45% of Louis Dreyfus Co. to an Abu Dhabi sovereign wealth fund, and the firm has profited from volatile and higher agricultural commodity prices during the pandemic.
Her main holding company, Akira BV, received a $52 million dividend in May and another $405 million on the day of the deal’s completion in September, filings showed this month. Her net worth has increased to $3.3 billion, according to the Bloomberg Billionaires Index.
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