economy
March 25, 2026
BANKRUPTCY Widow of British billionaire who died in superyacht tragedy owes £920 million
The widow of British billionaire Mike Lynch, who died in the superyacht 'Bayesian' tragedy, faces complete loss of his assets due to an order to pay £920 million for fraud!
TL;DR
- Angela Bares, widow of billionaire Mike Lynch, faces the loss of his £500 million estate.
- Lynch's estate has been ordered to pay £920 million to Hewlett Packard (HP) in a fraud case.
- Lynch died in the superyacht 'Bayesian' tragedy in August 2024, along with his daughter.
- HP accused Lynch of inflating the value of his company Autonomy before its sale in 2011.
- Lynch was acquitted of fraud charges in the US in June 2024.
- The estate's assets are estimated at £500 million, significantly less than the £920 million judgment.
- Bares also faces a £400 million lawsuit from the Italian yacht builder Perini Navi against her holding company.
- The 'Bayesian' sank off the coast of Sicily with seven fatalities.