Sir David and Sir Frederick Barclay: The Ultimate Power Couple who Own The Ritz
The Ritz Hotel in London is widely considered one of the most luxurious in the world – a playground of pampered guests, giddy tourists, high society galas and glamours events alike. Little do many people know, however, that the luxurious Ritz is actually owned by twin brothers Sir David and Sir Frederick Barclay. This dynamic and powerful duo have made a name for themselves as some of the world’s wealthiest businessmen and philanthropists, and since 1995, they have owned the world-renowned hotel. Here’s a deeper look into the lives and business endeavors of two of the most influential and successful businessmen to ever grace the world of hospitality.
Who Are the Barclay Brothers?
Sir David and Sir Frederick Barclay are 84-year old British-born twins and are among some of Great Britain’s wealthiest citizens. They both have a net worth of approximately £9.7 billion and are mainly recognized for their business involvement in The Ritz, as well as their acquisition of several other luxury hotels. The brothers also currently own The Sunday Times, The Spectator, The Daily Telegraph and the British Edition of the Expedia travel website and they partially own the airlines Easier Jet.
Early Years of the Twins
The twins were born in 1934 in London to parents Beatrice and Frederic, both of whom were owners of a small shop. Not much was known about the Barclays in their early lives as the family was average and stayed out of the spotlight day-to-day. That said, the twins’ parents worked hard to give them the opportunity to excel in life and provided the best education that they could. The twins attended public schools and although money was tight, received scholarships for their studies.
Rise in Business and Acquisitions
After leaving school, David and Frederick pursued a career in hospital management. Together, they built a series of successful businesses and eventually became owners of several luxury hotels in England, with the Ritz probably being most notable among them.
The twins have also proven to have a knack for business, having made an investment in almost every industry they’ve been involved in. They have acquired an iron ore mine, a satellite television business, various resorts, a fleet of luxury yachts, and much more.
Notable Business Ventures
Sir David and Sir Frederick have a history of successful business dealings. The majority of their investments have worked in their favor, proving their knack for shrewd business tactics. Here are a few of the notable investments that the brothers have made through the years:
• Deddington International: This is a private investment company the Barclay brothers established in 1990.
• Ellerman Group: The twins acquired this luxury cruise line in 2002.
• The Burton Group: This is a large retail store chain in Great Britain that the Barclay’s acquired in 2004.
• Beatrice Foods: This is an American food manufacturing company which the brothers acquired in 2005.
• Big Brother UK: This television show was owned by the Barclay brothers from 2005 – 2007.
• The Spectator: This iconic British newspaper was taken over by David and Frederick in 2009.
• The Ritz Hotel: This is one of the world’s most famous luxury hotels and has been owned by the Barclays since 1995.
Business and Political Relationships
The Barclay brothers have cultivated a variety of relationships with businessman, politicians and celebrities alike. For example, their close relationship with the late Queen Elizabeth is no secret. The two were frequently seen in private luncheons, discussing matters of business and politics.
Elizabeth was also a frequent guest at the Ritz London and on one occasion, the twins sent her a bouquet of white roses on her 88th birthday. Other close relationships include those with former Prime Minister Tony Blair, businessman Sir Richard Branson, and former business advisor Alan Sugar.
Philanthropic Endeavors
The twins have been known to be generous with their wealth and have donated to a variety of charities throughout their lives. Most notably, in 2002, they donated £5 million to The Royal Academy of Arts in London to help fund the renovation of the building. Other past donations have included, but are not limited to:
• £100,000 to the UNICEF relief fund
• £125,000 to Terrence Higgins Trust
• £75,000 to the Southampton Hospital
• £50,000 to the Royal Free Hospital
• £25,000 to the British Red Cross
• £1 million to an asthma research center
Sir David and Sir Frederick Barclay hold a special place in the world of business and hospitality. Their years of experience and business acumen are unmatched and their ability to build successful businesses and investments from their humble beginnings is a testament to the power of hard work, dedication, and ambition. The two brothers have accomplished and contributed so much to their various industries throughout the years and continue to be a dynamic duo of power and influence. And, of course, they are still the proud owners and operators of the exquisite Ritz Hotel in London.
