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Allan Gray (81) passes away

11 November 2019 1:28 PM
Tags:
Allan Gray
Philanthropy

Allan Gray – founder of Africa’s largest privately-owned asset manager - has passed away after suffering a heart attack.
Allan Gray. Picture: allangrayorbisend.org

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.

This is a breaking news story. More to follow…


This article first appeared on CapeTalk : Allan Gray (81) passes away


11 November 2019 1:28 PM
Tags:
Allan Gray
Philanthropy

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