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UK billionaire and Every day Telegraph proprietor David Barclay dies – NEWPAPER24

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UK billionaire and Every day Telegraph proprietor David Barclay dies

2021-01-13 10:26:56

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LONDON – David Barclay, the secretive British billionaire whose portfolio included The Every day Telegraph newspaper and The Ritz lodge, has died aged 86 after a brief sickness, his newspaper reported Wednesday.

Barclay and his twin Frederick, described by the day by day as “an identical in look, way of life and sometimes even in gown”, constructed an enormous enterprise empire from transport to retail.

“The Barclay brothers operated as one all through their lively enterprise profession, whereas doing their utmost to keep away from private publicity and discourage media scrutiny,” the broadsheet added.

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Amongst these paying tribute to David Barclay was a former worker, Prime Minister Boris Johnson, who made his identify on the newspaper as a Brussels-bashing Europe correspondent, and later a columnist.

“Farewell with respect and admiration to Sir David Barclay who rescued an awesome newspaper, created many hundreds of jobs throughout the UK and who believed passionately within the independence of this nation and what it may obtain,” Johnson tweeted.

The Barclay brothers entered the media trade in 1992 once they purchased The European, a weekly newspaper launched two years earlier by the media magnate Robert Maxwell. 

They later purchased The Scotsman day by day earlier than lastly realising their ambition of proudly owning Conservative bastion The Every day Telegraph in 2004.

The brothers, lengthy advocates of small authorities and low taxes, have been robust supporters of former British prime minister Margaret Thatcher, placing her up of their plush Ritz in London throughout her closing days.

They have been born into a big working class Scottish household in London in 1934 and left faculty at 14 to pursue their joint enterprise ambitions, making their names initially within the property market.

“They’re very efficient stealth consumers,” one financier informed the Telegraph. “They arrive out of nowhere and transfer rapidly.”

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The brothers, primarily based on the Channel Island of Sark, turned embroiled in a uncommon public row final 12 months over the sale of The Ritz to a brother-in-law of the ruler of Qatar, which ended up in court docket.

They have been knighted in 2000, kneeling aspect by aspect earlier than Queen Elizabeth II within the first double knighthood ceremony within the fashionable period.

David Barclay, who died on Sunday, was married twice and leaves behind 4 sons.

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