Allan Gray – founder of Africa’s largest privately-owned asset management company - passed away on the weekend after suffering a heart attack.
He was 81 years old.
At its peak (2013) his net worth was estimated to be about $10.5 billion.
Gray was one of South Africa’s greatest-ever philanthropists.
In 2013, he gave $130 million to fund talented, underprivileged South African scholars – the largest single donation to a charity ever in the country.
In 2016, he gave away his entire stake in Allan Gray for philanthropic purposes.
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This article first appeared on CapeTalk : Allan Gray (81) passes away