Sir donald gordon biography definition
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Liberty’s relationship with Standard Bank has been extremely close at times and distant at others. In 1957, the company sold the first-ever retirement annuity in South Africa, kickstarting a decade of rapid innovation. On August 25, 1995, Don and his wife Dolores along with his son Greg and his wife Michiy Kobayashi, and his daughter Debra and her husband John Sand were blessed in the 360,000 couples blessing.
Children
The family of Don is blessed with three children, Gregory, Bruce and Debra.
Donald Gordon Body Measurements
Height: 5′ feet 8″ inches.Weight: Not available.Shoe Size: Not available.Body Shape: Not available.Hair Colour: Not available
Donald Gordon Salary
Working as a bussinessman, there is no doubt Donald has been earning a good salary and has been able to accumulate good net worth.
Donald Gordon Net Worth
However, his exact net worth has not yet been revealed but the information will be updated as soon as it is available.
Professional Positions
2005 – Present: Honorary Life President of Liberty International PLC.1999 – Present: Honorary Life President of Liberty Group Limited.1971 – 1994: Director of Guardian Royal Exchange Group.Deputy Chair of the South Africa Breweries LtdChair of Guardian National Insurance Co LtdChair of Intu Properties plcChair of Liberty International PLCDeputy Chair of Standard Bank Group Ltd
Donald Gordon Died
Donald Gordon has died at the age of 89 on November 21, 2019after a long illness.
This was completed in 2022, with the institutions solidifying their strategic relationship and creating a fully integrated financial services provider.
Gordon’s retirement enabled him to focus more heavily on his philanthropic and investment interests, having launched the Donald Gordon Foundation in 1971 and the Liberty Life Foundation in 1990.
From 1971 to 1994, he actively participated in the management of Guardian Royal Exchange Group and represented the organization in the South African branch of Guardian National Insurance Company.
Furthermore, Donald Gordon is known for his philanthropic endeavors. A true measure of the man.
Original article written by Shaun Jacobs.
Liberty was also the first life assurance company to list on the JSE in 1962 at R2.70 per share. One of the significant initiatives Gordon financed and played a leading role in was the establishment of the Gordon Institute of Business Science (GIBS) alongside the University of Pretoria.
Gordon passed away in 2019 at the age of 89, leaving much of his wealth to his children.
The foundation bearing his name remains the largest private charity in Southern Africa. Liberty Life rolled out South Africa’s first unit trust in 1965 in addition to the concept of existence coverage blessings linked to those collective funding schemes.
Liberty Life changed into additionally the primary life insurance business enterprise to listing on the JSE in 1962 with a proportion fee of R2.20.
The man who turned R100,000 into a R40 billion insurance giant
At a time dominated by Harry Oppenheimer and Anton Rupert, a South African businessman quietly built the country’s fifth-largest company that revolutionised life insurance and retirement savings.
Gordon has provided financial assistance to renowned establishments such as the Royal Opera House, British Museum, Welsh Millennium Centre, Sadler’s Wells, and Globe Theatre.
Retirement and Legacy
In 1999, Donald Gordon retired from his leadership position at Liberty Life Association and relocated to London.
In the year Gordon retired, the company paid out R291 million to shareholders, provided policyholders with R1.13 billion in bonus distributions, and held assets of R21 billion. Taking on the established player in Sanlam, Liberty snapped up Guardian Assurance in 1968 to form Liberty Holdings. It is in the many sides of his achievements that he leaves in the back of a legacy so significant, which most will discover not possible to mimic.
Many years ago, Sir Donald Gordon, who was 26 at the time, drew up what was taken into consideration a thorough notion to form a brand new existence coverage organization.
My memory of Donald Gordon was being introduced to him for the first time at a rather large company social gathering. While still alive, a team of eight people would look after Gordon’s investments, with the group largely operating from Liberty’s office in Braamfontein in the Johannesburg CBD.
Strangely for a businessman, Gordon is better known for his charity work than his creation of Liberty Life.
Born in 1930, Gordon established Liberty Life Association in 1957 with an initial capital of only $100,000.
As the chairman of the company from its inception, Gordon led Liberty Life Association for 42 years. Educated at King Edward VII School in Johannesburg, and then enrolled at the University of the Witwatersrand, Johannesburg where he obtained a BCom degree in Accounting.
Acquiring significant stakes in the Premier Group, South African Breweries, GoldFields, and Prudential, Liberty would straddle the South African economy much like Anglo American.
Gordon’s retirement in 1999 would bring significant changes to Liberty, with the Standard Bank of South Africa taking control of Liberty Life. Gordon played a crucial role in establishing this company, further demonstrating his entrepreneurial abilities.
Contributions and Philanthropy
Throughout his career, Gordon made significant contributions to the financial sector.
The whole family attended the original Washington Monument Rally together in 1976. On leaving he put his hand on my shoulder and said: “ Well Julie did you have a good time?” He had remembered my name, after just one meeting where there were at least 150 guests.