Businessman Sreesad Hinduja, the oldest scion of the UK’s richest family, died today aged 87.

“It is with great sadness that we announce the death of our father SP Hinduja,” a family spokesperson said in a statement. “SP”, as he was called Sreesanth Hindujadied yesterday, Wednesday, according to him.

He was “a visionary titan of industry and business, a humanitarian and philanthropist,” he added.

The Hinduja family heads the international conglomerate Hinduja Group, which has businesses primarily in banking and finance and healthcare and employs more than 150,000 people worldwide.

The family fortune exceeds £28 billion, according to the Sunday Times 2022 rankings.

Sreesanth Hinduja had been at the center of one family conflict while suffering from dementia. The case had come to the public in November, when the case was taken over by the Justice Department.

The billionaire he was not properly cared for, prompting a judge to consider placing him in a public nursing home.

Hinduja had been admitted to hospital in March 2021, but when his health improved, his family had been unable to find a solution for his housing and care, despite “the extraordinary extent of their financial means”, explained judge.

“I was told that he is a loved and respected person. But that was not what happened to him. He was not respected” in this case, the judge had stated.

The arrangement within the family had fallen apart after a dispute over a bank in Switzerland.

The family business was founded more than a century ago in India, but was run for decades from Iran before the revolution in the 1970s forced it to settle in the UK.

Sreesad Hinduja made headlines in the early 2000s as part of a political scandal that broke out in Tony Blair’s government.

Labor MPs had been accused of lobbying to help Hinduja gain British citizenship. Peter Mandelsohn was thus forced to resign in 2001 from the post of Secretary of State for Northern Ireland.