Albert Gubay

$1.10 B

Ranked #880 in World

About Albert Gubay

Albert Gubay (1928-2016), a Welsh businessman of Iraqi Jewish and Irish Roman Catholic descent, made a significant mark in the retail and property development sectors. Beginning his career by selling non-sugar sweets post-WWII, he founded Value Foods in 1959, which evolved into the successful Kwik Save Discount Group Ltd. Gubay's business acumen led to the sale of Kwik Save for £14M in 1973 and the establishment of the 3 Guys chain and Total Fitness, selling the latter for £70 million in 2007. A prominent UK and Ireland property developer through Portville, Gubay was also known for his philanthropy, including church renovations and a bursary program for Isle of Man students. His commitment to giving half his estate to the Roman Catholic Church was fulfilled with a £470 million charitable trust in 2010. Knighted in 2011, Gubay's legacy as a top property developer and philanthropist endures beyond his passing in 2016.

Born

April 09, 1928 in Rhyl, Denbighshire, Wales

Died

January 05, 2016 (aged 87)

Source Of Wealth

Real Estate

Citizenship

United Kingdom

Residence

Stanton, Isle of Man

Children

Albert Gubay was born in Rhyl","Wales","in 1928. His father was an Iraqi Jewish immigrant","while his mother was an Irish Roman Catholic. Gubay","s early life was marked by the challenges of post-World War II Britain, including confectionery rationing.

Albert Gubay: Family

Gubay\"s family background was diverse, with his father being of Iraqi Jewish descent and his mother being Irish Roman Catholic. This mixed heritage influenced his upbringing and later philanthropic endeavors.

Albert Gubay: Career Highlights

Gubay\"s business career took off when he began selling non-sugar sweets during the post-WWII confectionery rationing period. His entrepreneurial spirit led him to found Value Foods in 1959, which later became known as Kwik Save Discount Group Ltd. Kwik Save\"s success was attributed to aggressive price cutting and favorable payment terms, making it a prominent player in the retail industry.

In addition to Kwik Save, Gubay established the 3 Guys chain in New Zealand, Ireland, and the United States, achieving varying degrees of success. He also founded the fitness chain Total Fitness, which he later sold for £70 million in 2007.

Albert Gubay: Companies

Gubay\"s business ventures included Value Foods, which later became Kwik Save Discount Group Ltd., the 3 Guys chain, and Total Fitness. Through these companies, he made significant contributions to the retail and fitness industries.

Albert Gubay: Major Achievements

Gubay\"s major achievements include building Kwik Save into a successful discount retail chain and establishing Total Fitness as a leading fitness brand. He also gained recognition as a prominent property developer through his company Portville, which undertook various development projects in the UK and Ireland.

Albert Gubay: Awards & Achievements

Gubay\"s contributions to business and philanthropy were recognized through several awards and honors. In 2005, he was named the top property developer in Wales. He was also knighted as Knight Commander with Star of the Order of St. Gregory the Great (KC*SG) in 2011 for his service to the Church and society.

Albert Gubay: Personal Life & Legacy

Gubay was known for his philanthropic efforts, including funding church renovations and establishing an Isle of Man Government bursary program.

He made a notable \"50-50\" deal with God, pledging to give half of his estate to the Roman Catholic Church if he became a millionaire. In 2010, he announced the transfer of £470 million of his fortune to a charitable trust.

Gubay\"s legacy is marked by his entrepreneurial success, philanthropic contributions, and commitment to social causes. He passed away in 2016 at the age of 87, leaving behind a lasting impact on the business and charitable sectors.

Albert Gubay: Trivia

Gubay\"s diverse heritage, including his Iraqi Jewish and Irish Roman Catholic background, played a role in shaping his personal and professional life.

His \"50-50\" deal with God, where he pledged half of his estate to the Roman Catholic Church if he became a millionaire, highlights his strong religious beliefs and commitment to philanthropy.

Wealth History

Timeline

1928

Albert Gubay was born in Rhyl, Wales, to an Iraqi Jewish father and Irish Roman Catholic mother.

Post-WWII

Started his business career selling non-sugar sweets during post-WWII confectionery rationing.

1959

Founded Value Foods, which later became Kwik Save Discount Group Ltd.

1973

Sold Kwik Save for £14M/$28 million.

N/A

Established the 3 Guys chain in New Zealand, Ireland, and the United States with varying degrees of success.

2007

Founded fitness chain Total Fitness, which he sold for £70 million.

N/A

Focused on property development through Portville, becoming a prominent developer in the UK and Ireland.

N/A

Known for his philanthropy, including funding church renovations and establishing an Isle of Man Government bursary program.

N/A

Made a "50-50" deal with God to give half his estate to the Roman Catholic Church if he became a millionaire.

2010

Announced the transfer of £470 million of his fortune to a charitable trust.

N/A

Invested in various property developments, mainly in the United Kingdom and Ireland.

2005

Named the top property developer in Wales.

N/A

Invested in the Isle of Man Government bursary program, enabling students from the Isle of Man to attend top universities worldwide.

2011

Knighted as Knight Commander with Star of the Order of St. Gregory the Great (KC*SG) for his service to the Church and society.

2016

Passed away at the age of 87.

Albert Gubay : FAQs

What is Albert Gubay's net worth?

As of 2010, Albert Gubay's net worth was $1.10 billion.

What are Albert Gubay's main sources of wealth?

Albert Gubay's main source of income comes from Real Estate.

Is Albert Gubay dead?

Yes, Albert Gubay died on January 05, 2016 (aged 87).

How many children does Albert Gubay have?

Albert Gubay has 2 children.

Who was Albert Gubay and what is he known for?

Albert Gubay (1928-2016) was a Welsh businessman and philanthropist, known for founding the Kwik Save Discount Group Ltd and for his significant charitable contributions, including funding church renovations and establishing a bursary program in the Isle of Man.

How did Albert Gubay start his business career and what led to the success of Kwik Save?

Albert Gubay started his business career selling non-sugar sweets during post-WWII confectionery rationing. The success of Kwik Save was based on aggressive price cutting and favorable payment terms.

What were some of Albert Gubay's major business ventures outside of Kwik Save?

Beyond Kwik Save, Albert Gubay established the 3 Guys chain in New Zealand, Ireland, and the United States, founded the fitness chain Total Fitness, and focused on property development through Portville, becoming a prominent developer in the UK and Ireland.

Can you detail Albert Gubay's philanthropic efforts and his unique agreement with God?

Albert Gubay was known for his philanthropy, including funding church renovations and establishing an Isle of Man Government bursary program. He made a '50-50' deal with God to give half his estate to the Roman Catholic Church if he became a millionaire, culminating in the transfer of £470 million to a charitable trust in 2010.

What honors did Albert Gubay receive for his contributions to society and when did he pass away?

Albert Gubay was knighted as Knight Commander with Star of the Order of St. Gregory the Great (KC*SG) in 2011 for his service to the Church and society. He passed away at the age of 87 in 2016.