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Plastic Cup Billionaire Shifts Fortune to New ‘Sin Stock’ Bets

December 1, 2025, 10:00 AM UTC
Dylan Sloan
Dylan Sloan

Billionaire Kenneth Dart, the reclusive, Cayman Islands-based heir to his family’s eponymous plastic-cup fortune, made $4 billion from a contrarian bet on Big Tobacco. Now, he’s turned his attention to another vice.

Since April, the 70-year-old investor has unloaded billions in tobacco stocks and bought a major stake in sportsbook operator Flutter Entertainment Plc. That complements a position in Swedish online casino firm Evolution AB that he began building last year, currently worth about $2.9 billion.

Read More: Billionaire Dart Takes 5% Stake in Swedish Group Evolution

“Sin stocks — they’re the stocks everyone’s supposed to hate, but ...

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