Britain’s Billionaire Twins Shake Up an Opaque Empire
- Barclay brothers said to have hired lawyer to advise on assets
- Twins are weighing a sale of Telegraph newspaper, Ritz Hotel
This article is for subscribers only.
After six decades spent buying up assets spanning retail, media and real estate, one of Britain’s most discreet billionaire clans is weighing a retreat.
The investments by the families of David and Frederick Barclay have put them among the top ranks of the country’s rich and powerful. The twins have forged reputations as stealthy buyers who rarely turn to public markets or investment bankers to finance deals for their closely guarded business empire.