Two VIP billionaires — Bill Gates and Prince Alwaleed — bought Four Seasons for $3.8 billion near a market peak, feuded over matters large and small, then made up.
A decade ago, two of the world’s wealthiest men came together to buy Four Seasons Holdings Inc., home to some of the most expensive lodging around. The deal was surprising both for its lofty price tag and for the unusual partnership, involving tech titan Bill Gates and Saudi Prince Alwaleed bin Talal.
The financial crisis soon pummeled the luxury-hotel business. The partners then took to feuding, about matters ranging from helping fund new hotel developments to who should be chief executive. After a truce in 2013, they have been trying to whip their investment into shape. Read the full feature in The Wall Street Journal.