Son of fireman and nurse studied at Cambridge and would go on to become embroiled in Silicon Valley’s biggest fraud case
Mike Lynch, whose wealth is estimated to be between €360 million and €400 million, is one of six people missing after a luxury yacht sank off the coast of Sicily . Photograph: Simon Dawson/Bloomberg
If that was the prelude to a summer of celebration, disaster struck on the early hours of Monday when a superyacht sank in a freak tornado off the coast of Sicily. Born in 1965, Lynch was a gifted student with an interest in the exploits of James Bond, the fictional spy. Aged 11, he won a scholarship to the private Bancroft’s School in Essex. He went to study science at Cambridge, taking a doctorate in mathematical computing and then a research fellowship. These were the seeds of a spectacular business career that led to great wealth but soon embroiled him in a legal battle that became Silicon Valley’s biggest fraud case.
HP’s objective was to rebuild its struggling computer hardware business around software. But the deal quickly unravelled, setting in motion years of bitter corporate recriminations and conflict in the courts.
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