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Businessman Allan Gray dies at 81

Gray – who founded the asset management company of the same name – died after suffering a heart attack in Bermuda over the weekend.

Allan Gray. Picture: allangrayorbisend.org

JOHANNESBURG - The founder of leading asset management company Allan Gray has died.

Gray – who gave the firm his name – died after suffering a heart attack in Bermuda over the weekend.

The 81-year-old founded the international asset manager back in 1973.

He also established Orbis Investment Management in 1989.

He was born in East London and studied at Rhodes University before he acquired an MBA from the Harvard Business School.

In 2017, Forbes estimated that Gray had a net worth of R27 billion; ranking among the richest South Africans.

The leading asset manager described its late founder as a man who made an immeasurable impact on many lives.