David Barclay, Reclusive British Business Mogul, Dies at 86 [The New York Times]
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Source: The New York Times
David Barclay, a British billionaire who with his twin brother, Frederick, built a media and business empire that includes the influential conservative newspaper The Daily Telegraph, died on Sunday. He was 86.The TelegraphDavid and Frederick Barclay, identical twins, overcame a harsh childhood during World War II and left school at 14 before going on to establish a vast portfolio of companies and seven billion pounds (about $9.6 billion) in wealth, according to The Sunday Times Rich List.For decades the brothers lived and worked together, owning, among other things, the conservative magazine The Spectator, the delivery company Yodel, the online retailer the Very Group and, for 25 years, the five-star Ritz Hotel in London.Despite owning several publications, the brothers tried to keep out of the media spotlight.“Privacy is a valuable commodity,” David Barclay reportedly once said. But that privacy was shattered last year by a succession drama.Afamily fight over the inheritancecaught sp
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