Telegraph co-owner David Barclay dies aged 86 after brief illness by Reuters

© Reuters.

(Reuters) – British billionaire and co-owner of the Daily Telegraph, David Barclay, died unexpectedly after a brief illness at age 86, the newspaper said Tuesday night. David and Frederick Barclay, who are twins, bought the Telegraph Media Group property in 2004 after venturing into media ownership in 1992. The twins started their business empire with hotels and grew to include shipping and retail. The brothers ventured into media ownership in 1992 when they bought The European, which was followed by the purchase of The Scotsman in 1995 and Sunday Business in 1997, according to the newspaper. “After these ventures in the publishing field, the brothers had cultivated since the 1980s an ambition to own the Telegraph group,” said The Telegraph. In October 2019, the Barclay family put the Daily and Sunday Telegraph newspapers up for sale while evaluating their multi-billion pound business investments in the UK. Born in London in 1934, the twins dropped out of school at the age of 14.

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.