Monaco Billionaire Announces Exit From Carmel
Business figure cites frustration and plans to move on
A Monaco-based billionaire announced he is leaving Carmel, California, citing frustration with local issues and signaling plans to shift his focus and activities elsewhere.
The decision follows a period of rising tensions over community affairs, and associates say the move could include relocating certain investments and philanthropic efforts outside the coastal town.
The decision follows a period of rising tensions over community affairs, and associates say the move could include relocating certain investments and philanthropic efforts outside the coastal town.
