Earl Holding Dies; Billionaire Was 86


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Robert Earl Holding, an American businessman and billionaire, has died at the age of 86.

According to a Salt Lake Tribune obituary, Holding died on Friday, April 19. The details of his death have not been released, though it is known that Holding had been suffering complications from a stroke he endured in 2002. Holding had continued to operate his business interests for years following his stroke.

Holding was worth an estimated $3.2 billion at the time of his death, making him the 423rd richest person in the world, according to Forbes. He was the owner of many businesses, chief among them Sinclair Oil, which he bought in 1976. Holding also owned the Grand America Hotel, Little America Hotels, the Westgate Hotel in San Diego, and two ski resorts, Sun Valley and Snowbasin.

Holding lived in Utah and is credited with helping to bring the 2002 Winter Olympics to Salt Lake City. Holding was inducted into the U.S. Ski and Snowboard Hall of Fame in 2010.