William Stern (businessman)
William Stern | |
|---|---|
| Born | Vilmos György Stern 2 July 1935 Budapest, Hungary |
| Died | 21 March 2020 (aged 84) |
| Nationality | Hungarian, British |
| Occupation | Businessman |
| Known for | Owner of Stern Group, Britain's then biggest bankruptcy with debts of £118 million in 1973 |
| Spouse | Shoshana Stempel (Freshwater) |
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 it collapsed in 1973, Stern 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.