Australian businessman Alan Bond dies aged 77

June 5, 2015

Australian business tycoon died today after complications from. He was 77.

Following open heart surgery to repair and replace, leading to complications, Bond was placed in an. The family released a statement outside the Perth hospital where Bond died in intensive care following his operation on Tuesday.

His son John said, "His body finally gave out after heroic efforts of everyone involved here at the intensive care unit at [...] He never regained consciousness after his surgery on Tuesday."

In the 1980s Bond was one of the richest men in Australia; in 1992 he declared bankruptcy. In 1997 he was convicted and jailed for his involvement in an 1.2 billion case. Bond was released in 2000.

In 2008 Australian magazine estimated Bond was worth AU$265 million.

Bond leaves behind three children and eight grandchildren.