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obituary

March 12, 2021

French heir and MP Olivier Dassault dies in helicopter crash, ‘Shared family values’ as Agnelli family buys foothold in Christian Louboutin, Gina Rinehart’s Hancock Agriculture goes to market with beef portfolio.

French heir and MP Olivier Dassault dies in helicopter crash

The sudden death of Olivier Dassault, billionaire heir to the French aerospace and software family business and politician, is “a great loss”, President Emmanuel Macron said in tribute.

January 22, 2021

Agnelli heir John Elkann in the driving seat of Stellantis, Samsung heir Lee Jae Yong sentenced to prison, Benjamin de Rothschild dies aged 57.

Agnelli heir John Elkann in the driving seat of Stellantis

John Elkann, scion of Italy’s Agnelli dynasty, says the new $51 billion Fiat-Chrysler-PSA mega-merger he masterminded will meet the world’s needs in sustainable mobility.

January 29, 2018

The famously frugal founder of one of the world’s most iconic retail chains has died in his native Sweden, aged 91.

The famously frugal founder of one of the world’s most iconic retail chains has died in his native Sweden, aged 91.

Known for driving a 1993 Volvo car, trawling flea markets for clothes, and flying economy class only, the IKEA founder Ingvar Kamprad peacefully passed away from a short illness at his home in Småland, Sweden on 27 January.

September 15, 2017

Lotte to sell stores over Chinese missile defence sanctions; youngest-ever chief financial officer steps up at Kraft Heinz; and NZ philanthropist and businessman dies.

Lotte to sell stores over Chinese missile defence sanctions

South Korean chaebol Lotte is to start selling its Chinese supermarkets, after Beijing hit it with unofficial sanctions related to the nuclear arms tensions on the Korean peninsula.

March 24, 2017

David Rockefeller, the international financier, philanthropist and third-generation member of the American Rockefeller oil dynasty, has died aged 101.

David Rockefeller, the international financier, philanthropist and third-generation member of the American Rockefeller oil dynasty, has died aged 101.

He was the oldest living member of the Rockefeller family and was the family patriarch from July 2004 until he died of heart failure at his home in Pocantico Hills, New York, on 20 March. Forbes estimated his net worth to be about $3.3 billion, mostly in family trusts his father established.

February 15, 2017

American billionaire Mike Ilitch, who went from minor league baseball player to founder of a sprawling family business, Ilitch Holdings, has died at the age of 87. 

American billionaire Mike Ilitch, who went from minor league baseball player to founder of a sprawling family business, Ilitch Holdings, has died at the age of 87.

The Detroit-born businessman was known as an All-City athlete in baseball and track, the founder of Little Caesars—now the third-largest pizza chain in the US with 2015 sales of $3.5 billion—and a patron of the city in which he was born.

January 12, 2017

Australian philanthropist James Fairfax, who went from chairman of the eponymous media company to one of the country’s greatest art collectors, has passed away at his home in Bowral. He was 83.

Australian philanthropist James Fairfax, who went from chairman of the eponymous media company to one of the country’s greatest art collectors, has passed away at his home in Bowral. He was 83.

The second child of Sir Warwick Oswald Fairfax rose to prominence after he succeeded his father as chairman of John Fairfax & Sons in 1977, and subsequently led the group as it diversified into television, magazines and regional publications.

July 4, 2016

Multi-billionaire Jack Taylor, who went from Navy fighter pilot during World War II to founder of the largest rental car company in the United States, Enterprise Rent-a-Car, has passed away after a short illness. He was 94.

Multi-billionaire Jack Taylor, who went from Navy fighter pilot during World War II to founder of the largest rental car company in the United States, Enterprise Rent-a-Car, has passed away after a short illness. He was 94.

The Missouri-born businessman got his break in 1957 after founding precursor business Executive Leasing from the basement of a Cadillac dealership in St Louis, where he worked as a salesman.

January 29, 2015

Joseph Rotman, the Canadian businessman and philanthropist who founded private equity firm Clairvest Group, has died in Toronto at the age of 80.

Joseph Rotman, the Canadian businessman and philanthropist who founded private equity firm Clairvest Group, has died in Toronto at the age of 80. 

Rotman founded Clairvest in 1987, which has grown to manage more than C$1.5 billion (€1.05 billion) of equity capital. His son, Kenneth, is now co-chief executive, alongside Jeff Parr. 

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