Anthony J.F. O’Reilly, an enthralling, high-flying, Irish-born former chairman of the H.J. Heinz Firm, who additionally owned newspapers, luxurious manufacturers and trophy properties in France and the Bahamas, solely to lose practically the whole lot in his eighth decade, died on Could 18 in Dublin. He was 88.
The Irish Occasions and different Irish newspapers, citing a household spokesman, reported that he died in a hospital. No trigger was given.
From his earliest days, Mr. O’Reilly, who was often called Tony, displayed a humiliation of presents. He was an elite-level rugby participant whereas nonetheless in his teenagers — the “redheaded pinup boy of Irish rugby,” as The Guardian put it. His expertise for enterprise was equally precocious.
At 26, because the advertising head of the Irish Dairy Board, he created the model Kerrygold to promote Irish butter to English grocery consumers, and it’s nonetheless one of many nation’s finest identified world exports.
Mr. O’Reilly was recruited by Heinz to run its companies in Britain in 1969, then moved to the corporate’s Pittsburgh headquarters, the place he rose to chief govt and have become the primary chairman from exterior the Heinz household. Beneath his management, Heinz’s worth elevated twelvefold. Enterprise Week known as him “one of many world’s most charismatic businessmen.”
“He has 1,000,000 tales and tells all of them properly,” a Heinz director, Richard M. Cyert, informed Enterprise Week in 1997. “While you sit all the way down to lunch with him, it’s like going to a movie show for leisure.”
Mr. O’Reilly performed tennis on the White Home with President George H.W. Bush, who reportedly thought-about him for commerce secretary. He helped create the Eire Funds, whose promotion of peace tasks in Northern Eire undermined fund-raising by the Irish Republican Military amongst Irish People. Queen Elizabeth II knighted Mr. O’Reilly for his service to Northern Eire in 2001.
He had a extremely uncommon association at Heinz that allowed him additionally to construct his personal enterprise empire. He would fly to Dublin within the firm Gulfstream jet after work on Friday, becoming in conferences and generally a rugby match. Then he’d jet again to Pittsburgh to be in his workplace by 8 a.m. Monday
Maybe extra efficiently than some other entrepreneur, he rode the Irish financial increase of the Nineties and 2000s often called the Celtic Tiger, turning into the nation’s richest man and reportedly its first billionaire.
He established his newspaper group, Unbiased Information & Media, with the acquisition of The Irish Unbiased, the nation’s main newspaper, in 1973. It grew to incorporate greater than 100 properties, together with The Unbiased of London and papers in Australia, New Zealand and South Africa, bringing Mr. O’Reilly entry and affect with political leaders.
In 1990, he purchased Waterford Wedgwood, the Anglo-Irish crystal and china firm, with the ambition to construct it into a world luxurious group alongside the traces of Gucci and LVMH.
Mr. O’Reilly acquired the life-style and well-known associates to match his status companies. His Irish base was Castlemartin, a 750-acre property, the place President Invoice Clinton and Nelson Mandela had been friends.
He additionally had a Georgian mansion in Dublin, a beachfront house on Lyford Cay within the Bahamas and a chateau in Deauville, France. His artwork assortment included a $24.2 million Monet and works by Picasso and Matisse.
Though Mr. O’Reilly constructed his fortune together with his ample compensation from Heinz, the corporate’s humdrum manufacturers didn’t replicate his aspirational tastes. He as soon as stated of Heinz’s ubiquitous ketchup, based on The Irish Occasions, “We now have been producing it, like chunk, chunk, chunk, day by day in 100 factories around the globe.” Proudly owning newspapers, however, provided “greater than you will get out of baked beans,” he stated.
It didn’t cease him from lavishly spending Heinz’s cash in an effort to impart glamour to the corporate. He flew a whole lot of friends to Eire for an annual gala ball and a thoroughbred race, the Heinz 57 Stakes.
In 1996, Forbes named him the fourth highest-paid chief govt in the USA, whilst the corporate’s enterprise outcomes had disillusioned for a number of years. “Tony O’Reilly’s ego and paycheck are larger than his accomplishments,” the journal wrote.
He stepped down as Heinz’s chief govt the following yr, although he remained its chairman till 2000. In his early 60s, he turned his full-time consideration to his personal companies, which, along with newspapers and luxurious wares, included oil exploration and an organization that transformed castles into resorts.
Like many enterprise empires, Mr. O’Reilly’s was constructed on debt. When the worldwide monetary disaster blew in like a Class 5 hurricane in 2008, Mr. O’Reilly’s ventures buckled. He misplaced management of his media properties to a longtime rival Irish tycoon, Denis O’Brien.
In 2009, Waterford Wedgewood, into which Mr. O’Reilly had poured massive private sums, failed and went into receivership.
Pursued by collectors, he bought a lot of his artworks and his beloved Castlemartin, which the American telecom billionaire John Malone purchased for 7.4 million euros, or about $10.2 million, in 2015.
Legal professionals for Mr. O’Reilly stated he owed eight banks €195 million, or about $268.9 million, on the time. In 2015, when he was 79, he declared chapter within the Bahamas.
Anthony John Francis O’Reilly was born on Could 7, 1936, in Dublin, the one youngster of John and Aileen O’Conner. His father was a civil servant.
Based on a 2015 biography of Mr. O’Reilly, “The Maximalist,” by Matt Cooper, Tony, as he was identified, discovered when he was 15 that his mother and father weren’t married. His father had left a spouse, with whom he had 4 youngsters, for Tony’s mom. The couple formally wed within the mid-Nineteen Seventies.
Tony O’Reilly’s elite rugby profession started in 1955 at age 19, when he toured internationally with the Lions, a workforce composed of the very best gamers in Britain and Eire. He was the youngest participant on the Lions and nonetheless holds its report for essentially the most tries — the equal of a soccer landing — scored in take a look at matches (video games towards different nationwide or regional groups).
On a rugby tour of Australia, Mr. O’Reilly met Susan Cameron, whom he married in 1962. They’d six youngsters, together with triplets, earlier than divorcing in 1990. His second spouse, Chryss Goulandris, a Greek transport heiress whom he married in 1991, died final yr.
Mr. O’Reilly is survived by his sons Anthony Cameron, Gavin and St. John Anthony; his daughters Susan Wildman, Justine O’Reilly and Caroline Dempsey; and 23 grandchildren.
In 2018, Mr. O’Reilly addressed associates and former teammates who had gathered in his honor on the Previous Belvedere Rugby Membership in Dublin.
“You win and also you lose,” he stated, “and in the event you don’t know how one can lose, you don’t know how one can reside.”
