Jack Dellal

Jack Dellal
Born (1923-10-02)2 October 1923
Chorlton-cum-Hardy, Manchester, England
Died 28 October 2012(2012-10-28) (aged 89)
London, England
Education Heaton Moor College, Manchester
Occupation Chairman, Allied Commercial Holdings
Known for Property investment, Oil investment, Banking
Net worth £ 4.3 billion
Religion Judaism
Spouse(s) Zehava Helmer (1952-????, divorce)
Ruanne Louw (1997-2012, his death)
Partner(s) Katya Douglas (????-????)
Children Guy Dellal £ 1.8 billion
Zack Dellal £ 1.6 billion
Catherine Dellal £ 1.5 billion
Gaby Dellal £ 80 million
Didi Dellal £ 65 million
Loraine Dellal £ 55 million
Parent(s) Sulman Dellal
Charlotte Shashoua
Relatives Alex Dellal (grandson) £ 400 million

Jack Dellal (2 October 1923 – 28 October 2012) was a British property investor. Nicknamed "Black Jack", his net worth was reported in 2009 to be £4.3 billion.[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]

Early life

Dellal was born in Chorlton-cum-Hardy, Manchester to immigrant Iraqi Jews Sulman Dellal and Charlotte Shashoua.[5] He was educated at Heaton Moor College, also in Manchester.[6]

Career

Dellal was a banker in the 1970s. He owned the Dalton Barton bank, which he sold for £580 million.[7] 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 £750 million within two years.[7][8] He was said to have invested up to £200m in London's Dolphin Square.[9]

Dellal's nickname, "Black Jack", was derived from his love of gambling.[1][6]

Personal life

Through two marriages and at least one long term relationship, he had nine children, seven daughters and two sons.

In memory of his daughter Suzanne, Jack founded the Suzanne Dellal Center for Dance and Theater in Tel Aviv in 1989.

Guy was a director of Allied Commercial Holdings, who ran Allied Commercial along with his father from 1986, and took over operational ownership years before Jack died. Today he is an investment partner of Robert and Vincent Tchenguiz,[11][12] and an art dealer, said to be worth around £200 million in 2014.

Death

Dellal died in his sleep in London on 28 October 2012, aged 89.[13]

References

  1. 1 2 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. ↑ http://web.me.com/nmic/ps01/ps01_475.html
  6. 1 2 3 The Manchester Evening News, 27 May 2005
  7. 1 2 Rich List 2004, The Sunday Times
  8. ↑ Compton, Nick: "The Regeneration Game," The Observer, 15 February 2004
  9. ↑ Simpkins, Edward: "Dellal ups Dolphin Sq offer," The Daily Telegraph, 31 March 2002
  10. ↑ Roddick, Nick: "The Gypsy Caravan," The Evening Standard, 23 August 2007
  11. 1 2 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.
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