Founder of Allan Gray Investment Management Dies at the Age of 81

Founder of Allan Gray Investment Management Dies at the Age of 81 – Allan William Buchanan Gray (8 April 1938 – 10 November 2019) was a South African billionaire businessman and philanthropist. He was the founder of the privately-owned Allan Gray Investment Management, and the non-profit Allan Gray Orbis Foundation, and the Allan and Gill Gray Charitable Trust.
Before he donated his stake in Allan Gray Investment Management, his net worth was estimated to have been US$10.5 billion (Rand 105 billion) in 2013

South African business magnate and founder of the eponymous asset manager, Allan Gray (81), has died.

After Harvard, Gray started working for the asset management firm Fidelity Management and Research in Boston, where he stayed for eight years. He returned to South Africa in 1973 to found what would become Allan Gray Investment Management in Cape Town. The company initially focused on investment counselling, later growing to include institutional clients. He then set up Orbis Investment Management in 1989 in London to focus on investing in international markets. Two years later the company relocated its headquarters to Bermuda.
By 2015, Orbis was managing over $30 billion in assets. Similarly, Orbis’s sister company, Allan Gray Investment Management grew to be South Africa’s largest privately-held investment management firm, managing over $35 billion in client capital, making Gray one of Africa’s richest men, with a net worth above $2 billion. The return on investment from Allan Gray and Orbis since its founding is comparable in success to Warren Buffett’s firm Berkshire Hathaway.
Tribute
In a statement, Allan Gray Limited said:
It is with deep sadness that we share the news of the death of Allan William Buchanan Gray on 10 November 2019, of natural causes. Our first thoughts are with his family, and with them, as colleagues and friends, we are mourning the passing of a man who made an immeasurable impact on many lives as an entrepreneur, investor and philanthropist.
He has earned his rest.
Gray was born in the South African city of East London in 1938. After completing high school at Selborne College, he studied accounting at Rhodes University and went on to earn an MBA at Harvard Busines School in 1965.
He is survived by his spouse Gill and son William.

How did Allan Gray Die?

Founder of Allan Gray Investment Management Dies at the Age of 81. Allan Gray died after suffering a heart attack in Bermuda over the weekend
Allan Gray, the founder of Allan Gray asset manager and one of South Africa’s greatest … “It is with deep sadness that we share the news of the death of Allan William … of a man who made an immeasurable impact on many lives as an entrepreneur, investor and philanthropist. … Free Market Economy
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