Paul Ramsay

Founding Ramsay Health Care in Sydney in 1964, Ramsay oversaw the growth of his company into an operator of more than 150 health-care facilities in Australia, the U.K., France, Indonesia and Malaysia. The aging population keeps private hospital business Ramsay Health Care in clover and pushes its founder into the billionaire ranks. Now it's expanding into Europe with acquisitions in France and the U.K. Ramsay's stake in regional media outfit Prime Media Group falls for second straight year. Owns a Sydney soccer team and property in luxury beach town of Byron Bay. In February 2014, Ramsay sold his 30 percent stake in Prime TV, a regional television company, for almost $100 million. He also announced his departure as Prime TV’s chairman, a position he had held on an executive or nonexecutive basis since 2004. The Paul Ramsay Foundation “will receive the benefit of the vast majority of his controlling shareholding in Ramsay Health Care Limited, which will largely be retained on trust for the Foundation,” the company said. The “bulk” of Mr Ramsay’s wider estate, most recently estimated by Forbes to be worth $3.4 billion, will be transferred to the foundation also. Mr Ramsay, who was the 11th-richest Australian, never married and had no children. He is survived by two siblings, Peter and twin sister Ann. Mr Ramsay lived a very private life and the previous activities of his charitable foundation were not widely publicised. In December 2011, Mr Ramsay donated $300,000 to the actor Kevin Spacey to support his foundation’s work in supporting arts education. Mr Ramsay’s former school, St Ignatius’ College, Riverview, said on Friday in a statement that he had been a generous benefactor and had previously arranged for him to come and address the school at an assembly later in 2014 this year but ‘’sadly, this is not to be’’. The Ramsay foundation is controlled by deputy chairman Michael Siddle, as well as Peter Evans and Tony Clark. The trio have had a long-term association with Mr Ramsay and are also directors of the company.