BY SCO Admin | January 7 | comments icon 0 COMMENTS     print icon print

9-Albert Gubay

Billionaire philanthropist and businessman who pledged fortune to Church dies

Albert Gubay, founded of Kwik Save, died aged 87 at his home in Cheshire

Billionaire Catholic businessman and philanthropist Albert Gubay has died aged 87 at his home in Cheshire.

Mr Gubay (above) founded the Kwik Save supermarket chain and has given millions to charitable causes, with half of the profits each year from his £1bn fortune going to causes identified by the Church.

As a young businessman, Mr Gubay said he made a ‘pact with God’ that he would give over half his earnings to the Church.

In 2011 he was presented with a Papal Knighthood by Cardinal Vincent Nichols, the Archbishop of Westminster.

Mr Gubay was born in 1928 in Rhyl and started his business empire selling sweets during the rationing in the aftermath of the Second World War. He founded the Kwik Save supermarket chain in 1965, and founded the Total Fitness network of gyms which were sold in 2004 for £70m.

In 2010 the Albert Gubay Charitable Foundation was set-up with the aim of distributing the businessman’s money to the Church and other charitable causes after his death.





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