Owner of New Telegraph, David Barclay Dies at 86

David Barclay, the secretive British billionaire whose portfolio included The Daily Telegraph newspaper and The Ritz hotel, has died aged 86 after a short illness, his newspaper reported Wednesday.

Barclay and his twin Frederick, described by the daily as “identical in appearance, lifestyle and often even in dress”, built a vast business empire from shipping to retail.

''The Barclay brothers operated as one throughout their active business career while doing their utmost to avoid personal publicity and discourage media scrutiny,” the broadsheet added.

Among those paying tribute to David Barclay was a former employee, Prime Minister Boris Johnson, who made his name on the newspaper as a Brussels-bashing Europe correspondent, and later a columnist.

“Farewell with respect and admiration to Sir David Barclay who rescued a great newspaper, created many thousands of jobs across the UK and who believed passionately in the independence of this country and what it could achieve,” Johnson tweeted.

They later bought The Scotsman daily before finally realising their ambition of owning Conservative bastion The Daily Telegraph in 2004.

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