Jerry Lee Lewis performing in California in 2005. Reuters
Jerry Lee Lewis performing in California in 2005. Reuters
Jerry Lee Lewis performing in California in 2005. Reuters
Jerry Lee Lewis performing in California in 2005. Reuters

Rock 'n' roll star Jerry Lee Lewis dead at 87


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Jerry Lee Lewis, a kingpin of 1950s American rock and roll who played a pivotal role in shaping the genre's nascent sound, has died. He was 87 years old.

Famous for his flowing blond locks, rowdy piano beats and outrageous stage presence, the star best known for his classic Great Balls of Fire died of natural causes, his publicist told AFP on Friday.

“He is ready to leave,” his publicist quoted the artist's wife Judith as saying.

A friend and rival of Elvis Presley, Lewis's career spanned more than half a century and generated a wealth of wild stories about his numerous wives, drunken rampages and run-ins with the government over back taxes.

It also generated a string of indelible hits.

Born in 1935 in Ferriday, Louisiana, Lewis took to the ivories at age 9. The following year, his parents Elmo and Mamie mortgaged the family farm to buy him an upright piano.

In 1956, Lewis struck out for Memphis, Tennessee, a southern American city famous for being a cradle of soul, blues and rock.

Lewis, Presley and Johnny Cash got together with Carl Perkins at the studio for the famed Million Dollar Quartet jam session that year, which was later released to great acclaim.

Lewis soared to fame the next year with his breakout hit Whole Lotta Shakin' Goin' On, whose provocative lyrics shocked some radio stations that at first refused to play it.

His follow up, Great Balls of Fire, remains one of the best-selling singles of all time, and was also the name of a 1989 docudrama about Lewis that starred actor Dennis Quaid.

By the summer of 1958, Lewis — nicknamed “The Killer” — was rocketing to the top, with fans packing into shows, money flowing in, and a third hit, Breathless, working its way up the charts.

In an era when rock was still wet behind the ears and even the slightest lower body gyration by Presley caused a sensation, Lewis carried it further, thumping on the keys with hands and feet, at times leaping on top of his grand piano to squeals of delight.

“Who would have thought it would be me?” a statement from his publicist quoted the rocker as saying in his final days.

Confirmation of his death came after an errant TMZ report of his death earlier in the week, which was retracted.

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UAE currency: the story behind the money in your pockets
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The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Roll of honour 2019-2020

Dubai Rugby Sevens

Winners: Dubai Hurricanes

Runners up: Bahrain

 

West Asia Premiership

Winners: Bahrain

Runners up: UAE Premiership

 

UAE Premiership

Winners: Dubai Exiles

Runners up: Dubai Hurricanes

 

UAE Division One

Winners: Abu Dhabi Saracens

Runners up: Dubai Hurricanes II

 

UAE Division Two

Winners: Barrelhouse

Runners up: RAK Rugby

Updated: October 28, 2022, 6:28 PM