Michael Flacks
{{Undisclosed paid|date=May 2025}}
{{Infobox person
| name = Michael Flacks
| image = File:Michael Flacks.jpg
| alt = Photo of Michael Flacks
| birth_place = Manchester, United Kingdom
| occupation = Investment
| years_active = Present
| organization = Flacks Group
}}
{{Short description|British investor and businessman (born 1967)}}
Michael Flacks (born 1967) is a British and Jewish investor, philanthropist {{cite news |last1=Cohen |first1=Haley |title=Debbie, Michael Flacks donate $5M to Colel Chabad for new 10-story Jerusalem community center
|url=https://ejewishphilanthropy.com/debbie-michael-flacks-donate-5m-to-colel-chabad-for-new-10-story-jerusalem-community-center/ |language=en}} and businessman.{{cite news |last1=Stupples |first1=Benjamin |last2=Linsell |first2=Katie |title=High-School Dropout Vaults Into Mega-Wealth With M&A Bargains |url=https://www.bloomberg.com/news/articles/2023-05-19/high-school-dropout-vaults-into-mega-wealth-with-m-a-bargains |work=Bloomberg.com |date=19 May 2023 |language=en}}{{cite news |last1=Bell |first1=Alex |title=Property magnate buys airport for £1 million |url=https://www.manchestereveningnews.co.uk/business/property-magnate-buys-airport-1-7080001 |work=Manchester Evening News |date=7 May 2014 |language=en}} He is the founder, chairman and CEO of Flacks Group, a Miami, Florida based private equity and investment firm.{{cite news |last1=Coffey |first1=Aine |title=Rag trader scents rich pickings |url=https://www.thetimes.com/travel/destinations/uk-travel/northern-ireland-travel/rag-trader-scents-rich-pickings-fm67pvctc3j |work=The Times UK |date=28 September 2023 |language=en}}{{cite news |last1=Canning |first1=Margaret |title=I'm ready to do deal for Harland & Wolff says US investor Flacks |url=https://www.belfasttelegraph.co.uk/business/northern-ireland/im-ready-to-do-deal-for-harland-and-wolff-says-us-investor-flacks/38360668.html |work=Belfast Telegraph |date=31 July 2019}} Flacks acquires underperforming corporate businesses or distressed assets and invests in them to make them profitable again.{{cite news |last1=Hinsche |first1=Kate |title=Michael Flacks Drops $24M on Fisher Island Condo |url=https://therealdeal.com/miami/2023/07/11/private-equity-boss-michael-flacks-drops-24m-on-fisher-island-condo/ |work=The Real Deal |date=11 July 2023 |language=en}}{{cite news |last1=Tödtmann |first1=Claudia |title="When many would like to run away, our time has come" |url=https://www.wiwo.de/unternehmen/mittelstand/investor-michael-flacks-wenn-viele-am-liebsten-weglaufen-wuerden-ist-unsere-zeit-gekommen/20899478.html |work=www.wiwo.de|date=27 January 2018 |language=de}}
As per the Bloomberg Billionaires Index, Flacks has a net worth of approximately $600 million, as of 2023.
Michael Flacks ranks #141 in The Sunday Times Rich List 2024 with £1.23b.{{citation | title="The Sunday Times Rich List 2024" |url=https://www.thetimes.com/sunday-times-rich-list}} His source of wealth is investment, paint and the Flacks Group.
According to North West Business Insider's latest North West Rich List which ranks the England's North West working wealthy, Michael Flacks ranks among TOP-10 richest names from the worlds of retail, property and tech with a net worth of £1.213bn. {{cite news |last1=Keegan |first1=Simon |title=Rich List reveals well-known names in ranking of North West’s working wealthy
|url=https://www.insidermedia.com/news/north-west/rich-list-reveals-well-known-names-in-ranking-of-north-wests-working-wealthy |work=Insider Media |date=22 August 2024 |language=en}}
In 1985, Flacks founded Flacks Group, 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.{{cite news |last1=Blois |first1=Matt |title=Investment firm acquires Corizon |url=https://www.nashvillepost.com/investment-firm-acquires-corizon/article_eeba5a0a-486c-5779-886c-2d50b1befc5a.html |work=Nashville Post |date=30 June 2020 |language=en}} By 2023, Flacks acquired four additional businesses with a valuation more than $250 million, according to data compiled by Bloomberg.
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. {{cite news |last1=Cohen |first1=Haley |title=Debbie, Michael Flacks donate $5M to Colel Chabad for new 10-story Jerusalem community center
|url=https://ejewishphilanthropy.com/debbie-michael-flacks-donate-5m-to-colel-chabad-for-new-10-story-jerusalem-community-center/ |language=en}}