South African billionaire Allan Gray has passed away aged 81

South African billionaire Allan Gray has passed away aged 81

- Allan Gray has passed away aged 81 according to a statement released by the investment firm named after its founder

- The billionaire is said to have died of natural causes while in Bermuda, where he suffered a heart attack

- The South African tycoon is survived by his wife Gill and children, Trevor, Jennifer and William

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South African born business mogul Allan Gray has passed away after suffering a heart attack while in Bermuda.

Fin24 reports that the 81-year old founder of the massive investment firm has died, with the company releasing a statement:

"It is with deep sadness that we share the news of the death of Allan William Buchanan Gray on November 10, 2019, of natural causes," said the investment management company in a brief statement. "Our first thoughts are with his family, and with them, as colleagues and friends, we are mourning the passing of a man who made an immeasurable impact on many lives as an entrepreneur, investor and philanthropist. He has earned his rest."

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eNCA reports that Gray is survived by his long-term spouse Gill and children, Trevor, Jennifer, and William, who were both close to the billionaire. gathered that Allan noted his gratitude for his family in an earlier statement, commenting that:

“I am enormously grateful to my wife Gill, my soulmate and partner for over 50 years; our three children, Trevor, Jennifer and William, whose enthusiastic participation and selflessness has made the Foundation possible; and their descendants, who will be indispensable to the Foundation’s long-term success."

Forbes noted that Gray's nett worth stood at R26.8 billion two years ago.

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