Alan Sugar’s profile picture

Alan Sugar

Alan Sugar’s profile picture
Net worth 2018: $1.78 Billion
Industry: Business People
Residence: London Borough of Hackney
Country: British
BirthDay: 24 March 1947
Sigh: Aries
Height: 1.73 m
Education: Northwold Primary School, Brooke House Secondary School
BIOGRAPHY

Alan Sugar was bornon 24 March 1947 in London Borough of Hackney, British. Alan Michael Sugar, one of the best known British businessmen in the world is the founder of the highly successful electronics company Amstrad which he had since sold to broadcaster BSkyB. The business magnate had also served as the chairman of Tottenham Hotspur from 1991 to 2001. It was evident form his childhood that the bright young boy would one day grow up to be a great businessman. He built himself a bicycle from an old frame as his family could not afford to buy him a new one. By the age of 12 he started earning his own money by working part-time for a greengrocer, and by the time he was out of high school his earnings were higher than those of his father! The enterprising young man was quick to start up his own business too. He was just 21 years old when he founded the company Amstrad which initially dealt in consumer electronics before expanding to cover other product lines. The company grew to be one of the most profitable ventures during the 1980s and was sold to broadcaster BSkyB in 2007. He became a media personality by appearing on the BBC reality show ‘The Apprentice’. In spite of being such a successful businessman he is not without his faults; he has often been criticized for his outdated views regarding women.

NET WORTH STATISTIC
2018

$1.78 Billion

TIMELINE
2007

Sugar sold off the company to its biggest client BSkyB in 2007

2005

He has appeared in the BBC reality show, ‘The Apprentice’ since 2005

1993

Amstrad produced the Amstrad Mega PC, a system similar to the Sega TeraDrive in 1993

1991

In spite of having no knowledge about the game of football, he teamed up with Terry Venables to buy Tottenham Hotspur football club in 1991

1990

During the early 1990s they purchased several telecommunication businesses including Betacom, Viglen Computers and Dancall Telecom

1988

The company brought out the PC models PPC512 and 640 in an attempt to bring affordable portable computers to the market in 1988

1984

The Amstrad PC range was introduced in 1984 in an attempt to capitalize on the surge in demand for personal computers during that time

1980

In spite of registering tremendous growth during the 1980s, the company ran into hard times during the 1990s

1970

By 1970 the company began its manufacturing unit as well

1968

The company, founded in 1968 registered phenomenal growth during the 1980s

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