Peter Cruddas is an English banker, businessman, and philanthropist that has an estimated net worth of $2 billion as of March 2012 according to Forbes magazine where he’s #960 in the World Billionaires Record. Born Peter Andrew Cruddas on September 30, 1953 in Hackney, London, he was a drop-out of Shoreditch All-Inclusive in age 15. He has also worked in the foreign currency rooms of banks for example Bank of Iran and Marine Midland and became the head foreign exchange dealer of Jordanian-based Petra Bank in London City in 1989.
Peter Cruddas Net Worth $2 Billion
In exactly the same year, Cruddas began his own company, CMC Markets, a London-based on-line monetary retailer, with $16,000 in the bank. Cruddas has expanded the company through the years. Today, it has a value between $1 billion and $2 billion. In 2007, it sold its 10% stake to Goldman Sachs for allegedly more than $100 million.
As a philanthropist, he began the Peter Cruddas Foundation to help disadvantaged youth in finding their potential through education and sports. Oxford University and Loughborough University has granted the philanthropist degrees for being a leader in his area in addition to his philanthropic efforts. The philanthropist is a supporter of the Conservative Party and served as its co-treasurer.