Alan Michael Sugar also known as Baron Sugar is a political advisor as well as a business personality, and a well known media person. According to the Rich List of the Sunday Times, he has been regarded as 95th richest person amongst the rich person of UK. He has been a part of the billionaires club in the year 2015 and also 2016. The estimated net worth of Alan Sugar is about 1.15 billion Euros.
From the year 1991 to 2001, he was the chairperson of Tottenham Hotspur. He also appeared in The Apprentice which was a television series in BBC. The same was broadcasted from the year 2005.
Alan Sugar was born in Hackney, in London. His father was a tailor in a garment factory. During his childhood days, he lived in the council flat. He has been nicknamed as Mop Head due to his curly hair. He went to Northwold Primary School and later to Brooke House Secondary School located in Upper Clayton. For a while, he worked as statistician at Ministry of Education.
He got married to Ann in the year 1968 on 28April 1968. They have two children, one son and a daughter.
He is the founder of Amstrad in the year 1968. The company started as importer and an exporter, later moved on to consumer electronic goods.
In the year 1991, June, Alan Sugar has partnered with Terry Venables and has formed the Tottenham Hotspur football club. He has also formed the Amsair Executive Aviation in the year 1993 which was run by Daniel Patrick.
He has also formed an investment firm named Amsprop which is now run by his son Daniel Patrick. Alan Sugar is also the owner of Viglen Ltd which is an IT service provider which specializes mostly on the public sector as well as the education. He is also the chairman of Amscreen which is involved in the digital signage screen advertising.
The estimated net worth of Alan Sugar is about 1.4 billion Euro. He has started as a tech entrepreneur but most of his investments are from his company Amsprop.
The business group has sold the Sugar Building which was a 40,000 square feet office situated near St Pauls at a rate of 80 million Euro which in turn has given the company a profit of about 50 million dollar. They have also sold the old flagship store of Burberry for 65 million Euros. The building was sold to an investor from Quator and the amount with which the building was sold was double the price of 31.5 million Euros.
The Amsprop also owns a wide range of residential properties in Mayfair which included five posh apartments in Bennett House. He has grown up in the East End in the 1950s. His father was a tailor and the family lived on the mere wages of 13 dollar per week. He left the studies at 17 years of age and took over the business of selling the electrical goods in a Van.
In the year 1968, he has launched Alan Michael Sugar Trading. Their business venture focuses in selling the cigarette lighters, car radios, as well as the hi-fi systems. By the year 1980, the company become the pioneers in the electronic goods sale.
Alan Sugar was born in the year 1947, March 24th in the London East. He was born in a Jewish Family. His company founded in the year 1968 named Amstrad had played a great role in accumulating his wealth. The share of this company floated in the London Stock Exchange in the year 1980.
Full name: Alan Michael Sugar
Date of birth: 1947, March 24
Birth place: East London
Age: 69 years
Profession: Business Tycoon
Height: 1.73 m
Net worth: 1.15 billion Euros