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Sir David Barclay, billionaire Daily Telegraph owner, dies aged 86

David Barclay, the investor who amassed a business empire with his twin brother spanning retail, media and some of the world’s most prominent hotels, has died at the age of 86. It was a great journey in everything that we did, the good, the bad, the ugly, his brother Frederick said in a statement. We experienced it from being bombed out of our beds in Coventry to the deals that we made and the ones that got away. Barclay died unexpectedly after a short illness, the Telegraph reported. That newspaper and other investments, including the five-star Ritz Hotel in London’s Mayfair district, put David and Frederick among the top ranks of the UK’s rich and powerful.

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