Reg Grundy dead: television mogul dies aged 92

His wife Joy Chambers was by his side when he died, a spokeswoman said. "Television came and Reg Grundy was full of ideas".

Among the shows Grundy was responsible for bringing to the small screen were Division 4, Matlock Police, The Restless Years, The Young Doctors, Prisoner, Sons And Daughters and, the jewel in the crown, Neighbours.

"Reg Grundy has passed away in the arms of his beloved wife Joy, on their Bermuda estate", radio personality Alan Jones, a long-time friend, said on his morning programme.

Grundy was so popular that his surname was also hallowed in Australian slang, with "Reg Grundy" or "Reggies" becoming an everyday term for underpants.

In 1995, he sold the Grundy Organisation to what is now, FremantleMedia Australia.

After serving in the army during World War II, he worked as a boxing and general sports commentator on radio before devising and hosting the Wheel of Fortune, which he moved to television in 1959. He also did voice-over work for cinema advertiser Chas E Blanks before getting a job at 2CH. He would introduce game show Temptation, which became a massive ratings success under the title $ale of the Century. Grundy also co-produced ABBA: The Movie in 1977.

The Nine Network's entertainment reporter Richard Wilkins said Grundy was a television industry veteran.

His personal wealth was estimated at $805 million as far back as 2007.

He and Joy spent many years sailing between Bermuda, Los Angeles and London aboard his 25-staff super yacht, Boadicea, before settling in Bermuda.

The Australian mogul, who's company Reg Grundy productions was behind Neighbours, The Price Is Right and The Bruce Forsyth Show, died at home with his family.