An Anonymous Billionaire Purchased A Record Breaking $201 Million Life Insurance Policy
The life insurance policy the billionaire purchased is valued at $201 million.
Guinness World Records didn't reveal the billionaire's identity, but they did provide a couple clues.
The billionaire lives in Silicon Valley and they're "actively known in the technology space." (That still doesn't really narrow it down.)
The record-breaking life insurance policy was sold by Dovi Frances, a managing partner of Santa Barbara-based SG LLC-a firm that advises high-networth clients on their complex financial needs.
Putting together the policy required over two dozen insurance companies, he said in a statement.
"Bringing this transaction together required negotiating concurrently with over two dozen insurance companies and complex underwriting requests from each insurance company."
The previous record holding life insurance policy was $100 million.