Paul Ramsay, long time owner of
Nottoway Plantation & Resort, has died at the age of 78.
The billionaire health-care provider started his
business with a single psychiatric institution in
Australia and built it into a network of 150 hospitals
in Australia, the U.K., France, Indonesia and Malaysia.
Mr. Ramsay passed away overnight on May 1, 2014 in his
Australian hometown of Bowral in New South Wales state,
after recently suffering a heart attack while
vacationing in Spain, Neil Castaldi, Managing Partner of
Nottoway, said in a statement.
Mr. Ramsay purchased Nottoway Plantation in 1985 and
held on to it even after many years of very difficult
economic conditions. With his typical and legendary
optimism regarding Louisiana's future, he poured more
than $15 million into an extensive renovation of the
original Mansion in 2009. He then expanded multiple
areas of the 35 acre-site, transforming what was once an
old Louisiana Plantation into a preeminent conference
and wedding resort. Mr. Ramsay accomplished all of this
while Louisiana was still reeling from several
devastating blows; the aftermath of Hurricanes Katrina
and Gustaf, followed by the catastrophic effects of the
BP oil spill, took an immeasurable toll on the state's
"Mr. Ramsay conducted his business as he lived his life,
with never a cross word or a raised voice," Castaldi
says. "He was a great builder and had a very big heart,
with an enthusiasm and zest for life that were
infectious. He loved people and he loved life. His
businesses were like families to him, and he achieved
amazing results in every one of his global holdings.”
Nottoway Plantation & Resort,
located in White Castle, LA, will continue to operate
and grow, guided by Mr. Ramsay's long-term vision of
turning the property into the South’s premier
Single with no children, Mr. Ramsay directed the bulk of
his $3.5 billion dollar estate be transferred to the
Paul Ramsay Foundation, which will become one of the
wealthiest charities in the country. Philanthropy
Australia chief executive Louise Walsh said the size of
the donation was unprecedented.
"It's absolutely the biggest gift
we've heard of, we're not aware of a foundation that's
anywhere near that scale in Australia," she said.
A memorial service honoring the legacy of Paul Ramsay
was held at Nottoway on Sunday, May 18th.