Billionaire businessman best known as the co-founder of the luxury travel retailer Duty Free Shops.
He graduated with a Bachelor of Science in Hotel Administration from Cornell University.
His yacht, the Mari-Cha IV, set a new world record by crossing the Atlantic Ocean in less than seven days.
He married Chantal Pesantes, with whom he had three daughters.
His Duty Free Shops company celebrated its fiftieth anniversary with a performance by rapper Wyclef Jean.