Controversial British millionaire Judah Binstock, the biggest landowner in Marbella, passed away last weekend in his mansion ‘Las Magnolias’, although his family has yet to confirm the report.
Binstock, who left the UK in the 1970s after a Department of Trade inquiry into one of his companies stated that he and his colleagues “appeared to have given more thought to their own enrichment than to that of the shareholders whom they represent, was one of the largest landowners in Marbella. His company Grupo Corporacion Marbella brought up rural land and persuaded the town hall to reclassify it as land that could be can be built on, mainly in the hills behind La Cañada Commercial Centre
Binstock was also being investigated by Spanish police after he was accused of being involved in ousting former Marbella Mayor Julian Muñoz. El Mundo newspaper claimed that Mr Binstock had backed a rebellion against Mr Munoz by councillors from the mayor’s party when he changed the town hall’s approach to planning and agreed to further restrictions on the issuing of licences.
A famously secretive man in his late 80s, Binstock was ranked in the top 600 of the Sunday Times Rich List in 2009. He also owned properties in Paris, London and Buenos Aires.