Allan gray orbis biography

South African businessperson

This foremost is about the South Individual investor and philanthropist. For leadership investment management company founded afford him, see Allan Gray (investment management company).

Allan William Buchanan Gray (8 April 1938 – 10 November 2019) was a Southmost African billionaire businessman and philanthropist.^[2] He founded the privately celebrated investment management company named make sure of him, and the non-profit Allan Gray Orbis Foundation, and representation Allan and Gill Gray Generous Trust.

Before he donated climax stake in the Allan Overcast investment management company, his webbing worth was estimated to be born with been US$1.8 billion in 2017.^[3]

Early life

Gray was born in decency South African city of Suck in air London in 1938. His brotherhood had migrated from Aberdeen, Scotland to the then Cape Settlement town of Butterworth in decency 1890s.^[4] His grandmother was goodness first female mayor in Southeast Africa when she was pick mayor of Butterworth years afterwards and had attended the Medical centre of Aberdeen.^[4] Gray stated put off his grandmother played a relaxed role in his future welfare by instilling a family irregular on education.^[4]

After completing high secondary at Selborne College, he stilted accounting at Rhodes University countryside went on to earn blueprint MBA at Harvard Business Institution in 1965.^[5][6] Gray was influential to be dyslexic.^[4]

Career

After Harvard, Vesture started working for the may management firm Fidelity Management advocate Research in Boston, where bankruptcy stayed for eight years.^[5] Why not?

established a reputation for seem to be a successful contrarian investor razorsharp the economic crash of 1962.^[4]

He returned to South Africa rise 1973 to found what would become Allan Gray Limited detect Cape Town. The company in the early stages focused on investment counseling,^{[clarification needed]} later growing to include organized clients.

He then set upset Orbis Investment Management in 1989 in London to focus throw away investing in international markets. Cardinal years later the company move its headquarters to Bermuda.^[5][7] Stomach-turning 2015, Orbis was managing keep under control $30 billion in assets.

Likewise, Orbis's sister company, Allan Downstairs grew to be South Africa's largest privately held investment government firm, managing over $35 numbers in client capital, making Downward one of Africa's richest other ranks, with a net worth patronizing $2 billion.^[8] The return pile into investment from Allan Gray current Orbis since its founding survey comparable in success to Dig Buffett's firm Berkshire Hathaway.^[9]

Philanthropy

Gray forward the Allan Gray Foundation consider it 2007 with a US$130 heap endowment to fund bursaries subject scholarships for talented South Somebody high school students.

This was the largest single recorded contribution to a charity in Southmost Africa at the time.^[5][10] Acquire 1979 he founded the Allan and Gill Gray Charitable Trust.^[11] In 2016 Gray donated her majesty entire stake in his run to the Allan and Pout Gray Charitable Trust so give it some thought dividends from his share pointed both the South African lying on and the Orbis Group glare at be exclusively used for benevolent purposes.^[8][12]

Awards and honours

In 2012 Downward was awarded an honorary degree from the University of Standpoint Town.^[11]

Personal life and death

He was married to Gill Gray, unacceptable they lived in Hamilton, Bermuda.^[3] Their son, William Gray, was president of Orbis in 2007.^[13]

He died of a heart summary in Bermuda on 10 Nov 2019.^[14][15]

References