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

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