Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Billionaire businessman Richard White has been selling hundreds of millions of dollars worth of shares in the software giant he founded to pay his ex-wife, contradicting earlier explanations for the sell-off. Shares in WiseTech slumped almost 15 per cent on Monday, falling $17.
83 to $104.65, wiping $6 billion from the company’s market value and an estimated $2 billion from Mr White’s personal wealth. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe.
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Billionaire Richard White’s WiseTech share sales to pay ex-wife
The businessman has previously said he was selling down his stake in the software giant he founded because investors were demanding shares be made available.