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John Caudwell Net Worth

John Caudwell Net Worth

John Caudwell Net Worth $2.6 Billion

He is also the 18th wealthiest person in Great Britain and is rated 554th in the list of World Billionaires. His business career started when he became an apprentice at Michelin. For quite a while, he’s additionally worked as an engineering foreman while getting an HNC in mechanical engineering. Today, Mr. Caudwell is busy investing in small to moderate-sized companies and prime London real estate. His brother also chairs Caudwell Children, a charity he promotes via Twitter and is the biggest benefactor of. In 2011, his brother spent $33 million on a Mayfair parking lot together with the intention to turn it into high end flats. A billionaire and an avid sportsman, he maintains that he is Britain’s biggest income tax payer. However, he refuses to use offshore tax havens for example Jersey or Monaco. In 1987, be began as a mobile phone seller in addition to his brother, Brian. He’s purchased 26 mobile devices from America and sold afterward for thousands each to British plumbers and businessmen. In 2003, they sold the company to Vodafone for $650 million. John used the earnings to grow his cellular telephone handset wholesaler, Phones4U, into a retail and supply giant. In 2006, his brother sold a majority stake in the company to Providence Equity Partners for $2.8 billion.

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