Michael Flacks

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Michael Flacks
Michael Flacks.jpg
Flacks in 2019 taken in Germany
Born1967 (age 57–58)
Manchester, England
OccupationInvestor
Organization Flacks Group
Known forOne of the wealthiest investors in real estate in North West England

Michael Flacks (born 1967) is a British investor, billionaire, philanthropist [1] and businessman born in Manchester, England. [2] [3] He is the founder, chairman and CEO of Flacks Group, a Miami, Florida based private investment company. [4] [5] Flacks acquires underperforming corporate businesses or distressed assets and invests in them to make them profitable again. [6] [7]

Contents

As per The Sunday Times Rich List 2025, Michael Flacks has a net worth of £1.681bn. [8] According to North West Business Insider's latest North West Rich List 2025 which ranks the England's North West working wealthy, Michael Flacks ranks as the second richest name in real estate with a net worth of £1.681bn. [9]

Career

In 1983, Flacks founded Flacks Group, [10] 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. [11] By 2023, Flacks acquired four additional businesses with a valuation more than $250 million, according to data compiled by Bloomberg. [2]

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]

References

  1. 1 2 Cohen, Haley. "Debbie, Michael Flacks donate $5M to Colel Chabad for new 10-story Jerusalem community center".
  2. 1 2 Stupples, Benjamin; Linsell, Katie (19 May 2023). "High-School Dropout Vaults Into Mega-Wealth With M&A Bargains". Bloomberg.com .
  3. ↑ Bell, Alex (7 May 2014). "Property magnate buys airport for £1 million". Manchester Evening News.
  4. ↑ Coffey, Aine (28 September 2023). "Rag trader scents rich pickings". The Times UK.
  5. ↑ Canning, Margaret (31 July 2019). "I'm ready to do deal for Harland & Wolff says US investor Flacks". Belfast Telegraph .
  6. ↑ Hinsche, Kate (11 July 2023). "Michael Flacks Drops $24M on Fisher Island Condo". The Real Deal.
  7. ↑ Tödtmann, Claudia (27 January 2018). ""When many would like to run away, our time has come"". www.wiwo.de (in German).
  8. ↑ "The Sunday Times Rich List 2025"
  9. ↑ Keegan, Simon (26 September 2025). "Rich List reveals well-known names in ranking of North West's working wealthy". Insider Media.
  10. ↑ Raffaele, Lorusso. "Flacks, il fondo Usa che offre un euro per tutta l'Ilva (ma tende la mano ai lavoratori)" (in Italian).
  11. ↑ Blois, Matt (30 June 2020). "Investment firm acquires Corizon". Nashville Post .
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