Sir David Barclay, Telegraph co-owner and one of the Channel Islands wealthiest residents has died.
The 86-year-old billionaire passed away after a short illness.
Together with his twin, Sir Frederick, they had an estimated fortune of £7billion pounds, according to the 2020 Sunday Times Rich List and have long been the wealthiest residents of the Channel Islands.
The brothers' empire includes newspapers - owning the Telegraph media group - shipping, retail, and hotels, including The Ritz and the Mirabeau Hotel in Monte Carlo.
The famously private pair bought the lease to the tiny island of Brecqhou, off Sark, in 1993, and built a castle there for £60m.
They were knighted in 2000 for their charitable work.
Prime Minister Boris Johnson has paid tribute to Sir David on twitter:
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.
— Boris Johnson (@BorisJohnson) January 13, 2021
Guernsey ranked 2nd best British island
Guernsey retailers warn online GST threshold risks local shop closures
Guernsey's 'temporary' Weighbridge mast remains in excellent condition
Guernsey Airport to stay open later as part of Aurigny's profitability plans
States to vote on independence for The Ladies' College
Guernsey Budget 2027: £15m growth fund and fuel duty hikes
Donations in memory of Hannah Benfield to Alderney rescue groups
Deputies asked to approve £6m Guernsey Airport roof repairs
