Authorization

How wealthy is Lord Alan Sugar? 

Lord Alan Sugar famously started his entrepreneurial career shifting aerials and electrical goods from the back of a van, but theses days he makes the bulk of his money from his huge London property empire.
The 71-year-old The Apprentice presenter and former chairman of Tottenham Hotspur owns real estate firm Amsprop, which last year sold a Florida residential site for ?6.8m and another one in Spain for ?8.5m.
Lord Sugar's private holding company, Amshold, which is responsible for all of his private companies, showed ?567.9m worth of assets in 2016-17, according to the Sunday Times, which valued the business at ?1.1bn in 2018, placing him 105th on its Rich List this year.
With at least ?200m in cash and other interests, his total net worth is around ?1.3bn. 
Lord Sugar was born in Hackney, east London, and lived in a housing estate with his parents and four siblings.
He left school at 16 and, after a brief spell in the civil service, started a business aged 21 selling electrical knick-knacks from a van.
How wealthy is Lord Alan Sugar? 

Alan Sugar in 1986

Credit:
Rex Features
In 1968 the entrepreneur founded Amstrad – Alan Michael Sugar Trading – which sold products including cigarette lighters, aerials, car radios and hi-fi systems.
By the Eighties, the company was among the market leaders in consumer electronics. Amstrad launched its version of the home computer in 1984 at the height of the British microcomputer boom, selling the benefits of a word processor for everyone from students to companies.
The company floated on the Stock Exchange soon after, and at one point in 1986 its value soared to ?1.2bn. Lord Sugar – then around 40 years old – was worth about ?600m.
But the stock market crash of 1987 wiped millions off Amstrad's value.
The Apprentice | Alan Sugar's top 5 put-downs
A series of unsuccessful product launches followed, including the Amstrad GX4000 games console that struggled to compete with Nintendo and Sega, and a combined telephone and email device called the e-m@iler that failed to win over the British public.
In 2007, Amstrad was sold to BSkyB for ?125m, however according to the Sunday Times, Lord Sugar only made around ?36m from the sale.
Lord Sugar also had a troubled stint as chairman of Tottenham Hotspur football club in the 1990s. His relationship with Spurs fans soured after he sacked manager Terry Venables, and he sold his shares in the club in 2001, for a reported ?22m.
Amsprop, which Lord Sugar founded in 1985, now holds the majority of his wealth.
Amsprop has a substantial commercial property portfolio across London and Essex, including The Crosspoint in Bishopsgate. Daniel Sugar, Lord Sugar's son, is managing director of Amsprop Estates.
In the money | How does Lord Sugar's wealth compare?
Lord Sugar has also made money from the BBC reality show The Apprentice, which has had one series broadcast every year since 2005, a year after Donald Trump first hosted the US version.
In 2015, Lord Sugar announced his resignation from the Labour Party, after 18 years as a supporter, because he had "lost confidence in the party due to their negative business policies and the general anti-enterprise concepts they were considering if they were to be elected".
In 2016, Lord Sugar was paid ?20,000 by the Daily Mail after it called him a “spiv”. The money was donated to Great Ormond Street Hospital.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Декабрь 2019    »
ПнВтСрЧтПтСбВс
 1
2345678
9101112131415
16171819202122
23242526272829
3031