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Telegraph co-owner David Barclay dies at 86 after quick sickness By Reuters

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© Reuters.

(Reuters) – British billionaire and co-owner of Daily Telegraph David Barclay died unexpectedly at the age of 86 after a brief illness, the newspaper said late Tuesday.

David and Frederick Barclay, who are twins, bought the Telegraph Media Group property in 2004 after venturing into media ownership in 1992.

The twins began their business empire with hotels and grew to include shipping and retail.

The brothers ventured into media ownership in 1992 when they bought The European, followed by the purchase of The Scotsman in 1995 and Sunday Business in 1997, according to the newspaper.

“After these publishing ventures, the brothers had had an ambition to own the Telegraph Group since the 1980s,” The Telegraph said.

In October 2019, the Barclay family put the Daily and Sunday Telegraph up for sale as they looked at their multi-billion pound investments in the UK.

The twins, born in London in 1934, left school at the age of 14.

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