Millionaire Israel Donor Vanishes During Boat Trip

Friday, 22 Jun 2012 07:22 PM

 

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Police are searching for clues after an oil tycoon disappeared during a boat trip in Fort Lauderdale.

aguiar.jpg
Guma Aguiar (AP Photo)

Guma Aguiar's fishing boat washed ashore with the engine running Tuesday night. His wallet and phone were on the boat, but Aguiar was nowhere to be found. Authorities suspended their search for him Thursday.

Aguiar made a fortune in 2006 when the Texas-based energy company he ran with his uncle was sold for a reported $2.5 billion, but he's been locked in a legal battle with his uncle for several years.

He is known for his philanthropy and his sometimes erratic behavior as he struggled with mental illness.

Aguiar has given millions to Israeli and Jewish causes, and his $4 million investment saved an Israeli Premier League soccer team a few years ago.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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