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From oddjob man to billionaire who bought The Ritz: It s an astonishing story of ambition, power. and family rivalry. ROBERT HARDMAN details how David Barclay, who has died at 86, rose to be one half of Britain s ultra-secretive media mogul twins
Sir David Barclay built his business empire with his identical twin Sir Frederick
The media mogul who was among UK s richest died aged 86 after a short illness
London-born Sir David invested in hotels before expanding to shipping and retail
Wednesday 13 January 2021
Sir David Barclay (left) and Sir Frederick Barclay at Buckingham Palace after receiving their knighthoods from the Queen, 2000
MICHAEL STEPHENS / AFP via Getty Images
Sir David Barclay has died at the age of 86, following a short illness, his newspaper – the
Telegraph – has reported. With his identical twin, Sir Frederick, he rose from humble beginnings to build a vast business empire which began with hotels and expanded to include shipping, retail and, since 2004, the ownership of the Telegraph Media Group.
By minutes, he was the older brother, and, reportedly, the more outgoing of the two. Although, that is saying something, given that privacy was their trading secret. In a rare public comment Sir David said: ‘Privacy is a valuable commodity. There is no incentive for us to talk about our business affairs’. Then, many years later he added: ‘It doesn t appeal to us to boast to others of how clever we have been or how successful we are’ (w