Businesspersons
Theo Paphitis Net Worth
Theodoros Paphitis's Net Worth as of 2024
$260 Million
Theo Paphitis was born on 24th September 1959, in Limassol, Cyprus, and is an entrepreneur who has obtained his wealth from the retail sector. However, he is best known for starring in the television programme “Dragons’ Den” (2005 – present) aired on BBC 2. Paphitis has been active in the business industry since 1977.
How much is the net worth of Theo Paphitis? It has been reported by authoritative sources that the overall size of his wealth is as much as $470 million, as of the data presented in late 2017. Entrepreneurship is the major source of Paphitis’ fortune.
Theo Paphitis Net Worth $470 Million
To begin with, the boy was initially raised in Limassol, but moved to England with his parents and his brother when he was six years old. Theo was taught at Ambler Primary School, and later at Woodberry Down Comprehensive School located in North London. He is known to have suffered from dyslexia from birth, but regardless, when he was fifteen years old, he started his business career in the canteen of the school.
After the graduation, he started working as a teaser and filing officer in an insurance brokerage based in London. Later, while working in the Bond Street retail centre, he realized that his passion was in sales and possibly retail. At the age of 21, he started to work at the Legal & General in commercial mortgage sales, where he learned to read other businessmen’s chapters. He started selling mortgage business loans, and thanks to this job he also learnt to read business balance sheets. His ambition to succeed led him to founding his own real estate finance company, and in the 1980s, while commercial property prices were taking off, Paphitis earned his first money from the big surpluses that were created. His attention was drawn to cell phones, and with the money from the real estate, he purchased NAG Telecom, and subsequently worked with the Ryman stationery chain to sell mobile phones and thus gain market share.
In 2006, Theo sold his share of La Senza international ladies chain stores in Great Britain, and received $160 million. In 2008, he attempted to buy Woolworths, but eventually withdrew after finding unreasonable redemption requirements. In 2011, he was back in the lingerie market by creating the Boux Avenue chain, and in 2012 he bought the Robert Dyas house chain store. All of this led to the creation of a retail group operating in various items, and which has a total of 349 stores, with 3,600 employees, and serving 28,000,000 customers each year.
In addition to outstanding entrepreneurship, Theo is known as the former chairman of the professional football (soccer) club based in Bermondsey, South East London – Millwall FC. Since 2005, he has been in the main cast of the reality television series “Dragon’s Den” broadcast on BBC 2.
Overall, all the above mentioned engagements have added sums to the total size of Theo Paphitis’ net worth.
Finally, in the personal life of the entrepreneur, he is married to Debbie Paphitis, and the family has two boys and three girls. Theo Paphitis is known as an avid supporter of Brexit.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Alexis Ohanian Net Worth
Alexis Ohanian was born on 24 April 1983 in New York City USA, of Armenian and German heritage. He is perhaps best known as a co-founder of the social news and networking website Reddit. He has also helped in launching the online travel company Hipmunk and created Breadpig, a company which sells “geeky” merchandise and gives a lot of its profit to charities.
So how rich is Alexis Ohanian? Sources estimate his current net worth to be $4 million. Most of his wealth has been accumulated by working on Reddit and Breadpig.
Alexis Ohanian Net Worth $4 Million
Alex Ohanian studied at the University of Virginia and after graduating in 2005 he, together with Aaron Swartz and Steve Huffman created Reddit. The company was bought by Conde Nast Publications, but Ohanian still had great influence as one of the people in Reddit’s Board of Directors. Of course, Alexis’ net worth rose significantly.
Alexis created another company, with the strange name Breadpig in 2007. This company mostly concentrates on selling “geeky” merchandise and has an unusual approach to business, claiming to be an “uncorporation”, which means that they try to use the earned money to support charities and other projects. Alexis decided to leave the Reddit’s team in 2009. A year later Ohanian became an advisor to the Hipmunk website and helped to launch it.
Apart from being known as a businessman leading great internet websites which have built most of his net worth, Ohanian is also known as a social activist. Between 2010 and 2012, the Internet users were threatened by the SOPA (Stop Internet Piracy Act) and PIPA (Protect IP Act). Ohanian was an outspoken activist against these acts and was one of the key people who helped to vote down these bills. After these events, Ohanian was chosen as the first on The Daily Dot’s list of “Most influential activists of 2012”. While these social acts did not necessarily help to directly raise his net worth, they certainly helped to raise Ohanian’s popularity and earned him a lot of fans on the Internet.
In 2013, Ohanian published his first book, entitled “Without Their Permission: How the 21st Century Will Be Made, Not Managed” which made it to #5 on the Hardcover Business best sellers list in the Wall Street Journal. In the same year, Ohanian started his own web series, called “Small Empires with Alexis Ohanian”.
Ohanian has also been a part of two radio podcast shows: NYRD Radio in 2014 and Upvoted which started in 2015, and is strongly related to Reddit as it examines some of the stories found on that website. All of these endeavors have helped to increase Ohanian’s net worth.
In his personal life, Alexis Ohanian is not married yet. During the time-off from his businesses and projects, Alexis speaks at lectures and conferences in various universities, also on some of the most influential companies such as Google, Kraft, Johnson & Johnson and others.
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