Financier Who Amassed Insurance Firms Diverted $2 Billion Into His Private Empire

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A yacht. Mansions. Private jets. The insurance empire built by serial entrepreneur Greg Lindberg also provided $2 billion for his private businesses.

Soon after Greg Lindberg moved into the insurance business, the North Carolina entrepreneur went on a spending spree.

He bought nearly 100 companies around the globe, an estate in the Florida Keys, an Idaho lakeside retreat, two Gulfstream jets and the most expensive mansion ever sold in Raleigh, N.C. In September 2018 he added a 214-foot yacht with room for a dozen overnight guests. He also became the largest political donor in North Carolina and lavished money on other races around the country.

 

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More power to him

The Wall Street Journal, Cover page Edition Saturday 2/ Sunday 3, March 2019 | NY

Sure makes me feel all warm and fuzzy about the astronomically high cost of insurance.

Hope the liberals don’t know him...they will want 77% of his fortune!

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