Ken Fisher’s Fortune to More Than Double on Private Equity Sale

Finance billionaire Ken Fisher’s net worth is poised to rise by $7 billion following the sale of a minority stake in his investment adviser, Fisher Investments.

Private equity firm Advent International and a unit of Abu Dhabi Investment Authority are paying at least $2.5 billion and potentially as much as $3 billion for a stake that values the entire business at $12.75 billion, according to a statement Monday.

Read More: Fisher Sells Stake of Up to $3 Billion to Advent, Abu Dhabi Fund

Ken Fisher in 2010.

Photographer: Gillianne Tedder/Bloomberg

Fisher, 73, is founder and owner of Fisher Investments, which oversees $275 billion for ...