In a statement today Hesco Bastion said: 'It is with great sadness that we have to confirm that Jimi Heselden OBE has died in a tragic accident near his home in West Yorkshire.
'Jimi was chairman of Hesco Bastion Ltd, the world leading manufacturer of protective barriers, and owner of Segway Inc.
'Jimi is perhaps best known for his charity work with Help for Heroes and the Leeds Community Foundation.
'A £10m gift to the foundation earlier this month saw his lifetime charitable donations top £23m.
'Our thoughts go out to his family and many friends, who have asked for privacy at this time.'