Michael Flacks
Michael Flacks | |
|---|---|
Flacks in 2019 taken in Germany | |
| Born | 1967 (age 58–59) Manchester, England |
| Occupation | Investor |
| Organization | Flacks Group |
| Known for | Real estate investing |
Michael Flacks (born 1967) is a British investor,[1] and businessman.[2][3] He is the founder, chairman and CEO of Flacks Group, a private investment company based in Miami, Florida.[4][5] Flacks has been associated with investment strategies focused on acquiring and restructuring underperforming businesses and distressed assets.[6][7]
Career
In 1983, Flacks founded Flacks Group,[8] and over the years, has been involved in acquiring and funding several businesses. As of June 2020, the group’s portfolio of businesses and real estate asset value exceeded $2.5 billion.[9] By 2023, Flacks acquired four additional businesses with a valuation more than $250 million, according to data compiled by Bloomberg.[2] Flacks also has interests in steel industry purchasing the steel plant in city of Taranto, Italy, from ILVA.[10]
Wealth
Flacks has appeared on the Sunday Times Rich List.[11] In 2025, the publication estimated his net worth at £1.681 billion.[12]
Philanthropy
A 10-story community center is slated to be built in the center of Jerusalem by Colel Chabad, an Israeli food security nonprofit affiliated with the Chabad-Lubavitch movement, following a $5 million donation from Michael Flacks.[1]
Flacks through Flacks Family Foundation announced a $3 million matching campaign for Colel Chabad at 2025.[13]
References
- ^ a b Cohen, Haley. "Debbie, Michael Flacks donate $5M to Colel Chabad for new 10-story Jerusalem community center".
- ^ a b Stupples, Benjamin; Linsell, Katie (19 May 2023). "High-School Dropout Vaults Into Mega-Wealth With M&A Bargains". Bloomberg.com.
- ^ Bell, Alex (7 May 2014). "Property magnate buys airport for £1 million". Manchester Evening News.
- ^ Coffey, Aine (28 September 2023). "Rag trader scents rich pickings". The Times UK.
- ^ Canning, Margaret (31 July 2019). "I'm ready to do deal for Harland & Wolff says US investor Flacks". Belfast Telegraph.
- ^ Hinsche, Kate (11 July 2023). "Michael Flacks Drops $24M on Fisher Island Condo". The Real Deal.
- ^ Tödtmann, Claudia (27 January 2018). ""When many would like to run away, our time has come"". www.wiwo.de (in German).
- ^ Raffaele, Lorusso. "Flacks, il fondo Usa che offre un euro per tutta l'Ilva (ma tende la mano ai lavoratori)" (in Italian).
- ^ Blois, Matt (30 June 2020). "Investment firm acquires Corizon". Nashville Post.
- ^ Francesco, Bertolino (6 January 2026). "Ilva, i piani di Flacks: «L'Italia ha bisogno di un'acciaieria, non può dipendere dalle importazioni cinesi»". Corriera Della Sera (in Italian).
- ^ "The Sunday Times Rich List 2025"
- ^ Keegan, Simon (26 September 2025). "Rich List reveals well-known names in ranking of North West's working wealthy". Insider Media.
- ^ "Flacks Family Foundation announces $3 million Hanukkah matching campaign for Colel Chabad". Jerusalem Post. 3 December 2025.