Allan gray orbis biography

South African businessperson

This scoop is about the South Person investor and philanthropist. For greatness investment management company founded fail to see him, see Allan Gray (investment management company).

Allan William Buchanan Gray (8 April 1938 – 10 November 2019) was a Southeast African billionaire businessman and philanthropist.^[2] He founded the privately illustrious investment management company named back end him, and the non-profit Allan Gray Orbis Foundation, and nobleness Allan and Gill Gray Generous Trust.

Before he donated rule stake in the Allan Behind investment management company, his web worth was estimated to imitate been US$1.8 billion in 2017.^[3]

Early life

Gray was born in rendering South African city of Feel one\'s way London in 1938. His kinsfolk had migrated from Aberdeen, Scotland to the then Cape Settlement town of Butterworth in greatness 1890s.^[4] His grandmother was high-mindedness first female mayor in Southward Africa when she was mayor of Butterworth years subsequent and had attended the Hospital of Aberdeen.^[4] Gray stated range his grandmother played a ample role in his future triumph by instilling a family subject matter on education.^[4]

After completing high educational institution at Selborne College, he moved accounting at Rhodes University deed went on to earn principally MBA at Harvard Business Academy in 1965.^[5][6] Gray was blurry to be dyslexic.^[4]

Career

After Harvard, Behind started working for the dilution management firm Fidelity Management playing field Research in Boston, where pacify stayed for eight years.^[5] Do something established a reputation for churn out a successful contrarian investor house the economic crash of 1962.^[4]

He returned to South Africa perceive 1973 to found what would become Allan Gray Limited display Cape Town.

The company in the early stages focused on investment counseling,^{[clarification needed]} later growing to include establishment clients. He then set ensnare Orbis Investment Management in 1989 in London to focus swell up investing in international markets. Pair years later the company settled its headquarters to Bermuda.^[5][7] Harsh 2015, Orbis was managing dwell in $30 billion in assets.

Likewise, Orbis's sister company, Allan Colorize grew to be South Africa's largest privately held investment state firm, managing over $35 integer in client capital, making Colourise one of Africa's richest other ranks, with a net worth overhead $2 billion.^[8] The return become visible investment from Allan Gray sit Orbis since its founding anticipation comparable in success to Delve Buffett's firm Berkshire Hathaway.^[9]

Philanthropy

Gray fixed the Allan Gray Foundation emphasis 2007 with a US$130 bundle endowment to fund bursaries dispatch scholarships for talented South Continent high school students.

This was the largest single recorded go along with to a charity in Southerly Africa at the time.^[5][10] Mop the floor with 1979 he founded the Allan and Gill Gray Charitable Trust.^[11] In 2016 Gray donated entire stake in his troop to the Allan and Young Gray Charitable Trust so make certain dividends from his share wonderful both the South African enterprise and the Orbis Group crapper be exclusively used for magnanimous purposes.^[8][12]

Awards and honours

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

Personal life and death

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

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

References