Alan Michael Sugar, Baron Sugar (born March 24 1947) is a business magnate, media personality, author, politician, and political adviser from the United Kingdom. In 1968, he founded Amstrad, a consumer electronics company that would become his most successful venture. In 2007, he sold his remaining stake in the company to BSkyB for £125 million.
Sugar served as chairman and part-owner of Tottenham Hotspur from 1991 to 2001, selling his remaining stake in the club for £25 million in 2007. He is also famous as the host and “Boss” of the BBC reality competition series The Apprentice, which has was ready every year since 2005, except in 2020. He also took on the role of The Celebrity Apprentice Australia for the Nine Network in Australia. According to the Sunday Times Rich List, Sugar became a billionaire in 2015. His fortune was to be £1.21 billion in 2021, ranking him the 138th richest person in the United Kingdom.
Alan Sugar is a $1.3 billion-dollar-worth English businessman, political advisor, and media personality. In addition, Alan Sugar was born in March 1947 in Hackney, East London, England. Also, according to the Sunday Times Rich List 2015, he has joined the ranks of billionaires, and Sugar sold his stake in the electronics firm Amstrad in 2007.
He was the chairman of the professional soccer club Tottenham Hotspur from 1991 to 2001. Since 2005, he has appeared on the BBC reality television series The Apprentice. Sugar is “the boss” in the show and plays the same role as Donald Trump in the American version. In 1999, he produced The Survival Club, and in 2000, he made Blame It on the Moon. Also, Sugar received a nomination for a BAFTA Award in 2007. In 2010, he published What You See Is What You Get: My Autobiography.
Facts about Alan Sugar:
|Full Name||Alan Michael Sugar, Baron Sugar|
|Birth Date||24 March 1947|
|Birth Place||Hackney, London, United Kingdom|
|Nick Name||Mop head|
|Education||two honorary Doctorates of Science|
|Father’s Name||Nathan Sugar|
|Mother’s Name||Fay Sugar|
|Profession||Entrepreneur, politician, author|
|Wife/Husband/Boyfriend/Girlfriend (Name)||Ann Simons|
|Net Worth||$1.3 billion-dollar|
Alan Sugar’s Net Worth:
Alan Sugar is a $1.3 billion-dollar-worth English businessman, political advisor, and media personality. Alan Sugar was born in March 1947 in Hackney, East London, England. According to the Sunday Times Rich List 2015, he has joined the ranks of the billionaires. Sugar sold his stake in the electronics firm Amstrad in 2007.
He was the chairman of the professional soccer club Tottenham Hotspur from 1991 to 2001. Since 2005, he has appeared on the BBC reality television series The Apprentice. Sugar is “the boss” in the show and plays the same role as Donald Trump in the American version. In 1999, he produced The Survival Club, and in 2000, he produced Blame It on the Moon. Sugar received a nomination for a BAFTA Award in 2007. In 2010, he published What You See Is What You Get: My Autobiography.
Alan Sugar Early Life
On March 24, 1947, Sugar was born into a Jewish family in Hackney, East London. Nathan, his father, worked as a tailor in the East End garment industry. His paternal grandfather was born in Poland, while his maternal grandparents were born in Russia. Sarah Sugar, Sugar’s paternal grandmother, was born in London to Polish parents.
Sugar grew up in a council flat with his family. Because of his thick, curly hair, he was “Mop Head,” a moniker he still bears today. He went to Northwold Primary School and then Brooke House Secondary School in Upper Clapton, Hackney, and supplemented his income by working as a greengrocer. So, after dropping out of school at the age of sixteen. Also, he briefly worked for the civil service as a statistician at the Ministry of Education.
Alan Sugar’s Career
Alan founded his own company, Amstrad, at the age of 21. He sold turntable covers for hi-fi systems, car radios, aerials, and other electrical items. However, the introduction of Amstrad’s personal computer in 1984 put Alan’s company on the map; by 1986, it had a net worth of £1.2 billion. Furthermore, TV viewers could afford to buy Sky set-top boxes thanks to Amstrad.
However, it was not all plain sailing for Amstrad. The brand’s life was made difficult by the 1987 stock market crash and stiff competition from rivals such as Sega and Nintendo. However, it was eventually sold to BSkyB for £125 million in 2007.
Other commercial ventures
Far from being a one-trick pony, Alan has had his fingers in a variety of business pies over the years. During the 1990s, he served as chairman of Tottenham Hotspur Football Club for a decade before selling his stake for £47 million.
Alan’s property group, Amsprop, founded in 1985, is arguably his most profitable business venture. Amsprop sells commercial space in desirable locations such as London, with prices ranging into the millions. According to reports, the company has a current net worth of £800 million.
Alan also owns Amscreen, a jet charter company, and Viglen, an information technology firm. He was also in the Labour Party. In his autobiography, Alan attributes his business success to scrutinising his competitors’ strategies, making his products better than others, and pandering to the mass market.
Most Popular Apprentice
Alan is famous for his role as the no-nonsense, tough-talking host of The Apprentice’s popular BBC show. Also, the show debuted in 2005 and has remained popular, with over eight million viewers tuning in.
Alan and his advisors Karren Brady and Claude Littner put a group of ambitious business hopefuls through their paces with astute business acumen. Alan is famous for his catchphrase to candidates, you’re fired. Also, he isn’t afraid to dish out the slurs to separate the wheat from the chaff.
Winning candidates have gone on to work for Alan’s businesses, with many of them starting their own. Tim Campbell (2005 winner) has since established his digital marketing agency, and Leah Totton (series winner) has also found it. Tom Pellereau (2011 winner) has invented products such as a collapsible baby bottle, and 2016 winner Alana Spencer has expanded her cake business.
Indeed, Season 10 winner Mark Wright, who went on to co-found one of the UK’s fastest-growing digital marketing agencies, Climb Online, with Lord Sugar, was a Headspace client at our Manchester location, and his public relations firm, Make More Noise, is now a Headspace client in Birmingham.
Alan is a self-made billionaire whose astute business acumen has elevated him to the ranks of the UK’s most influential individuals. In addition, Alan had a fortune of £600 million by the age of 40 (making him the UK’s 15th richest person). His name is frequently in the newspaper Rich Lists.
Despite his wealth, Alan is a supporter of charitable causes. He contributed £3 million to the renovation of Hackney Empire, and his earnings from The Apprentice benefit Great Ormond Street Hospital. So, Alan was in 2000 for his contributions to the electronics and home computer industries. In 2016, the government appointed him as an Enterprise Tsar.
Alan Sugar Family Background
Nathan, his father, worked as a tailor in the East End garment industry. His paternal grandfather was born in Poland, while his maternal grandparents were born in Russia. In addition, Sarah Sugar, Sugar’s paternal grandmother, was born in London to Polish parents. Also, Sugar is an atheist who is proud of his Jewish ancestors. Also, Sugar married Ann Simons, a former hairdresser, on April 28, 1968, in London’s Great Portland Street. They have three children: two sons and a daughter. Chigwell, Essex, is where the couple calls home.
Alan Sugar’s relationship status
Sugar married Ann Simons, a former hairdresser, on April 28, 1968, in London’s Great Portland Street. Also, they have three children: two sons and a daughter.
Alan Sugar’s Background in Education
He went to Northwold Primary School and then Brooke House Secondary School in Upper Clapton, Hackney, and worked part-time at a greengrocer. Also, he worked briefly for the civil service as a statistician at the Ministry of Education after leaving school at sixteen.
Sugar was knighted in the New Year Honours list of 2000 for his “services to the Home Computer and Electronics Industry.” He has two honorary Doctorates of Science, one from City University in 1988 and one from Brunel University in 2005.
How did Alan Sugar become so wealthy?
The business magnate made his fortune through various ventures, most notably the founding of Amstrad, a computer and electronics company, in 1968. Amstrad alone was worth an estimated £1.2 billion at its peak, but it was sold to BSkyB in 2007 for £125 million.
Alan Sugar owns what?
Lord Sugar now owns several electronics companies, including the internet TV service YouView and the digital company Amscreen. He also reportedly owns a real estate investment firm called Amsprop, which he runs with his son Dan and an executive aviation firm called Amsair.
How much does Lord Sugar get paid by the BBC?
Lord Alan Sugar reportedly received £390 million in pay last year.
Lord Sugar’s earnings from The Apprentice?
Last year, it was revealed that The Apprentice star paid himself £390 million, which equates to more than £1 million per day.