Billionaire businessman David Siegel, founder of the timeshare company Westgate Resorts, has passed away at the age of 89 after battling cancer.

David‘s wife, 59-year-old Jackie Siegel, announced the news via Instagram on Saturday (April 5).

“I was lucky enough to share twenty-five wonderful years with David, and together we raised eight incredible children. His life and legacy live on through them all. To say we are devastated is an understatement,” she wrote in the post.

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“But I find comfort in knowing that Victoria was there to greet him—the first thing he heard was “Dad,” followed by a big hug. And of course, Steven is there too. That thought brings me so much peace,” she added, referring to their daughter Victoria, who passed away in 2015 at the age of 18, and David‘s late son Steven.

David, Jackie, and their eight children were the subject...