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KKR Appoints Xavier Niel as Director

March 2, 2018

New York investment firm KKR has hired French billionaire Xavier Niel as an independent director, with a view to increasing its tech footprint.

The move, effective yesterday, sees Niel take the seventh of 11 independent director seats at the company, which is worth almost $150 billion and has a portfolio spread across wildly different sectors including energy, retail, real estate and media.

Niel, a serial entrepreneur from Paris, has become known in recent years as the ‘godfather of French tech’. Worth an estimated $9.6bn he has created a long line of companies – mainly in the media and telecommunications sphere – in France and Monaco.

Niel’s latest projects include 42, a free tech school in the French capital, and Station F, Europe’s largest tech campus, which opened last summer with €250m ($308m) of Niel’s own capital. Other investments include Snap and WeWork.

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Filed Under: Europe, Investment Round Up

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