Michael Flacks

Michael Flacks
Photo of Michael Flacks
Flacks in 2019 taken in Germany
Born1967 (age 58–59)
Manchester, England
OccupationInvestor
OrganizationFlacks Group
Known forReal 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 2026, the publication estimated his net worth at £1.681 billion and ranked him 98th.[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

  1. ^ a b Cohen, Haley. "Debbie, Michael Flacks donate $5M to Colel Chabad for new 10-story Jerusalem community center".
  2. ^ a b 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. ^ Raffaele, Lorusso. "Flacks, il fondo Usa che offre un euro per tutta l'Ilva (ma tende la mano ai lavoratori)" (in Italian).
  9. ^ Blois, Matt (30 June 2020). "Investment firm acquires Corizon". Nashville Post.
  10. ^ 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).
  11. ^ "The Sunday Times Rich List 2026"
  12. ^ Keegan, Simon (26 September 2025). "Rich List reveals well-known names in ranking of North West's working wealthy". Insider Media.
  13. ^ "Flacks Family Foundation announces $3 million Hanukkah matching campaign for Colel Chabad". Jerusalem Post. 3 December 2025.

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