Early Life
Kenneth Bryan Dart was born in 1955 in Mason, Michigan. He is the middle of three sons. His grandfather, William F. Dart, founded the Dart Manufacturing Company in 1937. He graduated from the University of Michigan with a degree in mechanical engineering in 1976.
Rise to Success
Dart joined the Dart Container Corporation, the family business, and became president in 1986. The company is a major player in the disposable packaging industry. He later transitioned to the board of directors in 2001. Dart is also known for his investments in sovereign debt and his involvement in real estate development in the Cayman Islands, including the Camana Bay development. Dart renounced his U.S. citizenship in the mid-1990s and became a citizen of Belize and Ireland.
Key Business Strategies
Dart is known for making contrarian investments, including significant stakes in tobacco firms like British American Tobacco and Imperial Brands. He has also invested in distressed sovereign debt, a strategy that has led to both significant profits and controversy. His approach involves acquiring debt at a discount and pursuing full repayment. Dart has also focused on real estate, including significant developments in the Cayman Islands.
Philanthropy
Dart is involved in philanthropy through the Dart Foundation, which supports conservation, crisis relief, community services, and STEM education. He has also contributed to educational initiatives and sustainable development projects in the Cayman Islands.