The World’s Fourth Richest Man Now Owns Your Hotel Room

New Orleans

The memory must have lingered, even if the marriage ultimately didn’t. When Bill and Melinda Gates got married at the Four Seasons Lanai in 1994, that must have planted a seed in the Microsoft co-founder who would become the fourth richest in the world (the couple divorced in 2021). Gates, through his company Cascade, first invested in Four Seasons in 1997.

Now Cascade is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal’s stake for the tidy sum of $2.21 billion, raising its ownership to 71.3% and valuing the hotel chain at $10 billion on an enterprise basis, according to Reuters. That means that Gates will now have ownership control of the brand at three exalted South Florida properties—in Miami, Palm Beach, and Surfside. In addition to these local resorts, the Four Seasons flag flies over some of the world’s giants in luxury hospitality, including the Four Seasons Bora Bora, with a new hotel in New Orleans set to reopen after Hurricane Ida.

Prince Alwaleed, through his investment vehicle Kingdom Holding Co., will continue to own the remaining stake, Four Seasons said in a statement.

You May Also Like

Beauty Buzz: Touch and Go

If you’re all glammed up for a night out, you’ll need to bring along a few touch-up essentials to keep your makeup looking great all night long.

Little Lighthouse Foundation’s 14th Annual Hearts and Stars Gala Brings Celebrities to Magic City

Influencers, VIPs and tastemakers gathered to celebrate the nonprofit organization.

Hawks Cay Resort: An Exquisite Destination in the Heart of the Florida Keys

The luxury destination in Duck Key is a perfect getaway for South Floridians.

Sanctuary Medical Aesthetic Center Celebrates Opening of Fort Lauderdale Facility

Sanctuary offers new patients an exclusive promotion of 25% off its luxury treatments and services at the location. 

Other Posts

Solarback and Changing Lives of Boca Raton Hosts Beach Cleanup

The event honored Global Recycling Day on March 18.

Quintessential Living: Rosewood Residences Hillsboro Beach

The property offers 605 linear feet of pristine beachfront and 600 linear feet of Intracoastal frontage.

Hello Day Hosts Pilates Class and Wellness Event With Influencer Ginger Harris at The Diplomat Resort

The athleisure brand aims to provide top-notch quality pieces that cater to women of various body types and sizes.

Scenic Luxury Cruises and Tours Introduces “Tastes of Discovery” Culinary Voyages With World-Renowned Chefs

Scenic Luxury Cruises and Tours invites culinary enthusiasts and travel enthusiasts to experience the Tastes of Discovery Series, an unparalleled journey that takes passengers along the immaculate Kimberley coastline in Australia and the lively east coast of South America. This exceptional series opens the door to a world of taste, providing a distinctive combination of adventure