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He was something of a divisive character, and had a number of run-ins with the Manx government
Bangor University in North Wales has received a £10 million donation from the Albert Gubay Charitable Foundation - the largest sum ever gifted to a university in Wales.
Albert Gubay was responsible for reshaping North Quay in Douglas and creating the former Mount Murray Hotel and Country Club during his time as an Isle of Man resident.
Born in Rhyl, North Wales, in 1928, Mr Gubay founded the Kwik Save supermarket chain in 1965, after which he reportedly amassed a fortune in excess of £1 billion.
Mr Gubay was something of a divisive character on the Island and had a number of high-profile run-ins with the Manx Government, the most notable being a row over taxes, during which he threatened to move to Switzerland.
However, his generosity to charitable causes was extraordinary.
In 2010, at the age of 82, he transferred £470 million of his £480 million personal fortune to the charitable trust in his name.
Mr Gubay, who lived in Santon with his wife, Carmel, before moving to the UK, died aged 87 at his home in Wilmslow, Cheshire.
His funeral was held on the Island at St Anthony's - the church he built during his time there.