By business reporter Michael Janda Paul Ramsay has donated to charity the bulk of his $3.3 billion stake in the private hospital company he founded. Mr Ramsay died overnight in his home town of Bowral after recently suffering a heart attack - he had originally been admitted to a hospital in Europe last week in a serious condition. Mr Ramsay owned 36.2 per cent of the company, which has a market value of $9.03 billion. Given the size of Mr Ramsay's holding in the company bearing his name, its board has informed the share market that his executors have notified it that "the vast majority" of his controlling shareholding will benefit the trust, with most of it being retained on trust for the Paul Ramsay Foundation. More » |
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