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Obituary

July 19, 2017

Carla Fendi, award-winning honorary president, public face, entrepreneur, arts collector and patron, and philanthropist of the billion-euro Italian family luxury fashion house Fendi, has died in Rome at the age of 79 after a long illness.

Carla Fendi, award-winning honorary president, public face, entrepreneur, arts collector and patron, and philanthropist of the billion-euro Italian family luxury fashion house Fendi, has died in Rome at the age of 79 after a long illness.

Carla and her equally formidable Fendi sisters Paola, Anna, Franca and Alda transformed the humble family business into a desirable global brand, renowned for its monogrammed handbags and leather goods beloved by Hollywood and European royalty.

March 24, 2017

David Rockefeller, the international financier, philanthropist and third-generation member of the American Rockefeller oil dynasty, has died aged 101.

David Rockefeller, the international financier, philanthropist and third-generation member of the American Rockefeller oil dynasty, has died aged 101.

He was the oldest living member of the Rockefeller family and was the family patriarch from July 2004 until he died of heart failure at his home in Pocantico Hills, New York, on 20 March. Forbes estimated his net worth to be about $3.3 billion, mostly in family trusts his father established.

February 15, 2017

American billionaire Mike Ilitch, who went from minor league baseball player to founder of a sprawling family business, Ilitch Holdings, has died at the age of 87. 

American billionaire Mike Ilitch, who went from minor league baseball player to founder of a sprawling family business, Ilitch Holdings, has died at the age of 87.

The Detroit-born businessman was known as an All-City athlete in baseball and track, the founder of Little Caesars—now the third-largest pizza chain in the US with 2015 sales of $3.5 billion—and a patron of the city in which he was born.

October 17, 2016

Milky Ways, Snickers, M&Ms, Whiskas, and Pedigree are known around the world but the man credited with that global expansion was a mystery, and that was just the way he liked it.

Milky Ways, Snickers, M&Ms, Whiskas, and Pedigree are known around the world but the man credited with that global expansion was a mystery, and that was just the way he liked it.

“Privacy at times today seems a relic of the non-media past,” Forrest E Mars Jr told Duke University business majors. It “allows us to do the very best we can… without being concerned with self-aggrandisement.”

July 4, 2016

Multi-billionaire Jack Taylor, who went from Navy fighter pilot during World War II to founder of the largest rental car company in the United States, Enterprise Rent-a-Car, has passed away after a short illness. He was 94.

Multi-billionaire Jack Taylor, who went from Navy fighter pilot during World War II to founder of the largest rental car company in the United States, Enterprise Rent-a-Car, has passed away after a short illness. He was 94.

The Missouri-born businessman got his break in 1957 after founding precursor business Executive Leasing from the basement of a Cadillac dealership in St Louis, where he worked as a salesman.

June 17, 2016

Edgar de Picciotto was a pioneer to hedge fund investors, “the smartest man in Europe” to his disciples, and the patriarch of a dynasty that upholds his legacy of astute, innovative, and independent wealth management.

Edgar de Picciotto was a pioneer to hedge fund investors, “the smartest man in Europe” to his disciples, and the patriarch of a dynasty that upholds his legacy of astute, innovative, and independent wealth management.

De Picciotto founded Geneva-based Union Bancaire Privée (UBP) in 1969 and turned it into one of the world’s biggest family-owned banks.

November 24, 2015

Former billionaire Dorothéa Steinbruch, whose family control steelmaker Companhia Siderurgica Nacional and lender Banco Fibra SA, died at the weekend aged 85.

Former billionaire Dorothéa Steinbruch, whose family control steelmaker Companhia Siderurgica Nacional and lender Banco Fibra SA, died at the weekend aged 85.

Steinbruch was the widow of Mendel Steinbruch, one of the founders of Brazilian textile business Vicunha Group, whose current chief executive officer is their son Ricardo. Their second son Benjamin is CEO of Companhia Siderurgica Nacional.

November 2, 2015

The founder of the world’s largest two wheeler business has died at the age of 92, leaving behind a multi billion dollar family empire.

The founder of the world’s largest two-wheeler business has died at the age of 92, leaving behind a multi billion dollar family empire.

Brijmohan Lall Munjal was among four brothers who founded the predecessor company to Hero MotoCorp in 1954, and remained chairman emeritus until his death on Sunday.

His son Pawan Munjal, who has been managing director and CEO since 2001, only succeeded his father as chairman in June.

October 16, 2015

Roger Pedder, the man credited with turning around shoe manufacturer and retailer Clarks, and helping it become one of the sector's top companies globally, has died from leukaemia aged 74.

Roger Pedder, the man credited with turning around shoe manufacturer and retailer Clarks, and helping it become one of the sector's top companies globally, has died from leukaemia aged 74.

He became chairman of UK-based Clarks in 1993 following disputes between family members over whether to sell amid stagnant turnover and falling dividends.

A retail specialist, Pedder heavily expanded Clarks' high-street presence, a move that paid off as operating profit increased from £27.6 million in 1993/94 to £94.2 million in 2005/06.

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