Scotland’s Richest Man Faces £31 Million Spaceport Loss
Scotland's richest man, Anders Povlsen, has taken a major financial hit from his investments in the north. Recent company accounts show his firm Wildland Limited posted a £33 million loss last year, driven in part by a £12.1 million write down on the SaxaVord Spaceport project in Shetland. This setback highlights the risks of ambitious ventures in remote areas. Povlsen, a Danish billionaire worth about £10 billion, continues to pour money into Highland estates and tourism, but ongoing losses raise questions about long term viability. Who is Anders Povlsen and His Scottish Empire Anders Povlsen built his fortune as the…
