David and Frederick Barclays net worth
David and Frederick Barclays Net Worth: David and Frederick Barclays are British entrepreneurs with a net worth of $3.9 billion. Sir David Rowat Barclay and Sir Frederick Hugh Barclay (born 27 October 1934) are identical twin brothers commonly referred to as “The Barclays”. The pair, who have business interests in media, real estate and retail, have a reputation for dodging publicity.
A few years after their father’s death, the Barclays left school in 1950 to work in General Electric’s accounting department. By the late 1950s, Frederick and his other brother, Douglas, were running Candy Corner, a tobacconist and candy store, but in 1960 the business went bankrupt. Meanwhile, David was a director of Hillgate Estate Agents, and in 1968 his twins joined the board. The pair are restoring an old boarding house in London and converting it into a hotel. In 1975, they purchased their first hotel, the Howard Hotel, and since then, the identical twins have amassed stakes in various businesses. Barclays has a growing empire, including shipping company Ellerman Lines, retail company Littlewoods, courier company Yodel and other companies, and in the media business, they own The European, The Scotsman, Sunday Business and other telegraph media groups. In addition, they are accused of tax avoidance and property ownership by companies registered abroad and controlled through trust funds.
