Bill Gates-Owned Four Seasons Resort Sued For $100 Million By Disgruntled Members

The homeowners association of Four Seasons Resorts Nevis filed a lawsuit against Nevis Peak Holdings on Tuesday, August 11 in Delaware Chancery Court. Nevis Peak owns the luxury resort and surrounding property, which sits at the base of a volcanic mountain in Pinney’s Beach, a roughly three-mile stretch of beach on the Caribbean island—just north of Charlestown, Alexander Hamilton’s birthplace. Nevis Peak is owned by Cascade, the family office of Bill Gates, which bought the resort a decade ago. As of January 2022, Cascade also owns 71.25% of the Four Seasons, according to the suit. While Four Seasons manages the property, it wasn’t named as a defendant in the suit. He’s owned the Four Seasons with Prince Alwaleed Bin Talal Alsaud of Saudi Arabia, whose Kingdom Holding has a 23.75% stake, since 2007. According to the suit, each homeowner paid $100,000 to get in the door at Four Seasons Resort Nevis, the luxury Caribbean island resort long reported as a quiet retreat for such celebrities as Oprah Winfrey, Meryl Streep and Justin Trudeau. They then pay upwards of $13,000 a year to keep using the place, plus a management fee of 25% on any bills for work the resort does for them and another 15% for major construction. By Alicia Park, Reporter Learn more about your ad choices. Visit megaphone.fm/adchoices