Entrepreneur Kevin O’Leary, who is best known for his appearance in the hit TV show “Shark Tank,” was involved in a nighttime boating accident that left two people dead, his agent told CNN.
The incident happened over the weekend in Ontario, Canada.
O’Leary was a passenger in a boat when it collided with another, his agent Jay Sures said.
Sures told CNN that O’Leary’s wife, Linda, was driving at the time.
The collision left a man in the second boat dead, said Joe Scali, spokesman for the West Parry Sound Ontario Provincial Police. A woman in the second boat succumbed to her injuries Tuesday, police said. A passenger in O’Leary’s boat was also injured.
Police say three other boaters were injured, and were treated and released from a local hospital.
No charges have been filed.
This is getting a lot more complicated, and mysterious, than the initial news reports suggested: KEVIN O’LEARY BOAT TRAGEDY: Conflicting stories on collision that killed two https://t.co/H15l9s4BKv
— Lorrie Goldstein (@sunlorrie) August 28, 2019
Linda O’Leary was given a DUI test, which she passed, according to O’Leary’s agent.
Asked for comment, Sures directed CNN to a statement O’Leary provided to TMZ.
It said, “Late Saturday night I was a passenger in a boat that had a tragic collision with another craft that had no navigation lights on and then fled the scene of the accident. I am fully cooperating with authorities.”
Police would not confirm any further details because the incident is under investigation.
The entrepreneur also told TMZ, “Out of respect for the families who have lost loved ones and to fully support the ongoing investigation, I feel it is inappropriate to make further comments at this time. My thoughts are with all the families affected.”
Before he was known as Mr. Wonderful on “Shark Tank,” O’Leary co-founded the software Softkey, now known as The Learning Company.
He has since launched O’Leary Funds, an investment fund company; O’Leary Fine Wines; and a bestselling book series on financial literacy, according to his website.
Winner of $758.7 Million Powerball Did One Thing Right: O’Leary
The winner of Wednesday’s huge $758.7 million Powerball jackpot is off to a good start in handling her financial windfall, according to Shark Tank star Kevin O’Leary.
Mavis Wanczyk, 53, a medical worker from Massachusetts, won the second-largest prize in Powerball history. With so many lottery winners making poor choices after winning, O’Leary noted that Wanczyk did one thing right: taking a lump sum payment for her winnings.
“Get the cash up front,” O’Leary told ABC. “Why? Because states in many cases are technically bankrupt.”
O’Leary also agreed with Wanczyk when she said that her plan was to “sit back and relax.” Many lottery winners tend to spend large sums of money on frivolous things, going broke shortly after winning.
“What happens within six years is they’ve lost all the money,” he said. “They’re not experienced in how to manage that kind of capital, and that’s because they tend to invest immediately in things that are frivolous.”
Experts agree that letting professionals do the work for you is the best plan of action.
“The best thing to do if you win the lottery is do nothing and find advisers that can help you,” O’Leary said. “The key is to invest it so that you live off the interest, the dividends, or the capital appreciation.”
After paying taxes, Wanczyk will take home approximately $336 million. She has no immediate plans for the money, except for paying off a car she bought last year.
Once the plan is set, the key is to distribute the money between three or four banks and have them compete for your business, O’Leary said.
Wire Service Content and Epoch Times reporter Ivan Pentchoukov contributed to this report.