Billionaire media boss Sir David Barclay dies aged 86 after a short illness

BILLIONAIRE media boss Sir David Barclay has died after a short illness aged 86.

The businessman owned the The Telegraph newspapers along with his twin brother Frederick.

Getty Images – Getty

Telegraph co-owner Sir David Barclay, left, has died aged 86, pictured with his twin brother Sir Frederick Barclay[/caption]

Their combined wealth was an estimated £7 billion, according to The Sunday Times Rich List of 2020.

He did his best to avoid publicity, once saying: “Privacy is a valuable commodity”.

Born in Hammersmith, West London, David started his working life with a number of jobs including painting and decorating.

PA:Press Association

Sir David Barclay, left, and his twin brother Sir Frederick receive their knighthoods in 2000[/caption]

Phil Wilkinson

The pair amassed an estimated combined wealth of £7billion[/caption]

Rex Features

The ‘media baron’ brothers pictured with journalist and broadcaster Andrew Neil[/caption]

Along with his brother, he set up a number of successful businesses until turning his hand towards media ownership.

They first bought weekly newspaper The European in 1992 before buying the Telegraph Media Group in 2004 with a bid of £665 million.

Grandfather-of-nine David was involved in philanthropy and was knighted in 2000 for his support to medical research.

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