Calvin F. Lo, the taciturn Hong Kong billionaire widely linked to Dorilton, has amassed a personal wealth of approximately US$2 billion and perhaps... a legendary F1 team"
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The embattled Williams Formula One team has been sold to American investment firm Dorilton Capital. It hasn’t won a race since 2012. Photo: Bryn Lennon / POOL / AFP via Getty Images
The idea of super-wealthy individuals owning sports teams is not a new thing. High networth individuals invest massively in teams that eventually experience heightened levels of success. Some of the investors target fortunes to grow wealth in the sports teams while others do it for the game’s love. Given the massive following that these teams have, the financials rarely goes unnoticed. Some even display opulence and appear on top newspaper headlines. However, this is not the case for the much-rumored new owner of the motorsports legendary F1 team, Calvin Lo. A Forbes article revealed that the Hong-Kong billionaire has been behind the struggling F1 team’s purchase, Williams Grand Prix Holdings, or Williams F1. Details of the purchase remain scanty as Lo maintains a low profile, unlike his billionaire counterparts. Founder Of Singapore-based Fund Behind Williams F1 Acquisition"
The acquisition of Williams F1 shows Lo?s way of doing business. He is a pioneer and legend in cutting insurance deals for th...