William Stern (businessman)

"Stern Group" redirects here. For the Zionist armed group, see Stern Gang.

William Stern
Born
Vilmos György Stern

(1935-07-02)2 July 1935
Budapest, Hungary
Died21 March 2020(2020-03-21) (aged 84)
NationalityHungarian, British
OccupationBusinessman
Known forOwner of Stern Group, Britain's then biggest bankruptcy with debts of £118 million in 1973
SpouseShoshana Stempel (Freshwater)

William George Stern (born Vilmos György Stern, 2 July 1935 – 21 March 2020)[1][2] was a British businessman most notable as the owner of the Stern Group of companies. When it collapsed in 1973, Stern became Britain's biggest bankrupt with debts of £118 million.[3][4][5] The uninsured losses sustained by thousands of investors led directly to the creation of Britain's first Policyholders' Protection Act.[4][6] He died during the COVID-19 pandemic due to complications brought on by COVID-19.

  1. ^ "USC Shoah Foundation". USC Shoah Foundation. Archived from the original on 27 May 2012. Retrieved 22 June 2020.
  2. ^ "On the Passing of a Titan". Rabbi Dunner. 26 March 2020. Retrieved 28 March 2020.
  3. ^ "Not-so-hard times for the celebrity bankrupts". Evening Standard. 17 August 2001. Archived from the original on 17 May 2008.
  4. ^ a b Charles, James (25 June 2008). "The 10 worst property investments ever". The Times. UK. Archived from the original on 7 July 2010. Retrieved 20 October 2008.
  5. ^ "Stern declared bankrupt". Montreal Gazette. 2 June 1978.
  6. ^ "Stern reminders of earlier property crashes". The Daily Telegraph. UK. 9 December 2007.