A millionaire businessman is giving most of his accumulated wealth to charity, with a stipulation that half of it is invested in the Catholic Church.

Albert Gubay,82, who founded supermarket chain Kwik Save, gym network Total Fitness and a vast property empire has said that he made a pact with God to hand over half his estate to the Church if he ever became rich, which he has, to the tune of nearly £500 million, a figure he hopes to double.