Fyre Festival's Billy McFarland just sold the brand for $245,000. He still owes his victims $26 million

Why did 3M raise its profit forecast? How will Trump's GENIUS Act impact stablecoins? Why is Chevron acquiring Hess for $53 billion? What caused Block's stock to jump recently? How did Coldplay concert video affect Astronomer's CEO? Why are NPR and PBS facing $9 billion cuts? How will Trump's tariffs affect U.S. farmers?

Fyre Festival's Billy McFarland just sold the brand for $245,000. He still owes his victims $26 million

businessinsider.com/billy-mcfarland-sold-fyre-festival-245k-but-still-owes-26m-2025-7

"Fyre Festival is just one chapter of my story, and I'm excited to move onto my next one," Bill McFarland, the founder of the infamous event, said on Monday following the sale.
Theo Wargo via Getty Images
Billy McFarland, 33, became notorious for organizing the failed Fyre Festival in…

This story appeared on businessinsider.com, 2025-07-17 05:54:14.