Jack Dellal

Jack Dellal
Born 2 October 1923
Manchester, England
Died 28 October 2012
London, England
Education Heaton Moor College, Manchester
Occupation Chairman, Allied Commercial Holdings
Known for Property investment, Oil investment, Banking
Net worth Increase £2.1 billion (2012)
Successor

Zack Dellal Increase £1.2 billion

Guy Dellal Decrease £800 million
Religion Jewish
Spouse(s) Ruanne
Children Zack Increase £1.2 billion Guy Decrease £800 million Suzanne, Jasmine, Gaby, (four others)
Parent(s) Sulman Dellal and Charlotte Shashoua

Jack Dellal (2 October 1923 – 28 October 2012) was a British property investor known as 'Black Jack', and reportedly worth GBP £480 million in 2009.[1] The later figures were significantly higher than a 2001 estimate by The Evening Standard, which ranked Dellal as only a multi-millionaire.[2] His company, the property group Allied Commercial Holdings, [3] financed the purchase of Shell-Mex House in 2002 and sold it in 2007. [4]

Life and career

Dellal was a banker in the 1970s. He owned the Dalton Barton bank, which he sold for £580 million.[5] He set up Allied Commercial in 1974 with Stanley Van Gelder, with whom he worked for over forty years. One of their deals was the flip of central London's Bush House, which made him £350 million within six months.[5][6] He was said to have invested up to £200m in London's Dolphin Square.[7]

Dellal was born in Manchester to expatriate Baghdadi Jews Sulman Dellal and Charlotte Shashoua,[8] educated at that city's Heaton Moor College.[9] He and second wife Ruanne had two children.[9] He had six daughters and one son from previous marriages,[9] including the film directors Jasmine and Gaby Dellal, and the businessman Guy Dellal.[10][11] Guy was a director of Allied Commercial Holdings, an is an investment partner of Robert and Vincent Tchenguiz.[11][12] In memory of his daughter Suzanne he founded the Suzanne Dellal Center for Dance and Theater in Tel Aviv in 1989.

Dellal's nickname "Black Jack" derives from his love of gambling.[1][9]

Children

Jack Dellal married twice and had nine children, seven daughters and two sons. His son Guy Dellal ran Allied Commercial along with his father from 1986. He took ownership before Jack Dellal died. Guy Dellal is said to be worth around £600 million as of 2014, and is an art dealer, owning numerous galleries in Mayfair and Park Lane. Gaby, Dellal's second oldest daughter works in the film industry, including "On a Clear Day" and "K2".

Death and will

Dellal died on 28 October 2012, aged 89.[13]

References

  1. ↑ 1.0 1.1 The Rich List of The Sunday Times, 26 April 2009
  2. ↑ Blackhurst, Chris: "Billionaires United,"The Evening Standard, 21 January 2005
  3. ↑ "No unkind pay cuts for Black Jack Dellal," Manchester Today magazine, 1 February 1992
  4. ↑ "Jack Dellal". The Telegraph. 2012-10-31. Retrieved 2013-07-21.
  5. ↑ 5.0 5.1 Rich List 2004, The Sunday Times
  6. ↑ Compton, Nick: "The Regeneration Game," The Observer, 15 February 2004
  7. ↑ Simpkins, Edward: "Dellal ups Dolphin Sq offer," The Daily Telegraph, 31 March 2002
  8. ↑ http://web.me.com/nmic/ps01/ps01_475.html
  9. ↑ 9.0 9.1 9.2 9.3 The Manchester Evening News, 27 May 2005
  10. ↑ Roddick, Nick: "The Gypsy Caravan," The Evening Standard, 23 August 2007
  11. ↑ 11.0 11.1 Lyons, Teena: "Trials of Selfridges' playboy bidder," The Mail on Sunday, 25 May 2003
  12. ↑ Danaher, Tim and Helena Keers: "Rotch joins Dellal in £500m fund move," Property Week, 08.02.2002
  13. ↑ Deirdre Hipwell, Chris Johnston (2012-10-25). "Property magnate Jack Dellal dies aged 89". The Times. Retrieved 2012-10-29.