David Barkley, The Owner Of The Daily Telegraph, Has Died
British billionaire and owner of The Daily Telegraph newspaper David Barkley has died after a short illness, at the age of 86, the BBC reported. Information about the death of the businessman was also confirmed by British Prime Minister Boris Johnson.
"Farewell with respect and admiration to Sir David Barclay who rescued a great newspaper, created many thousands of jobs across the UK and who believed passionately in the independence of this country and what it could achieve.," the politician wrote on his Twitter page.
Barkley began his career with his twin brother Frederick. In the 1960s, they entered the hotel business and in 10 years purchased more than 15 hotels. Also, entrepreneurs developed companies in the field of shipping and retail trade.
They started the publishing business in the 1990s. In 1995, Barclays acquired The Scotsman, which was sold to the multimedia company Johnston Press in 2006. In 2004, the brothers bought the Telegraph Media Group, which includes The Daily Telegraph and The Sunday Telegraph, as well as the social and political magazine The Spectator.
The Sunday Times ranked the Barkley brothers as the 17th richest person in the world in 2020. Their wealth was estimated at £7 billion (about 704.2 billion rubles).