John Caudwell’s profile picture

John Caudwell

John Caudwell’s profile picture
Net worth 2018: $2.59 Billion
Industry: Telecom
Residence: Stoke-on-Trent, United Kingdom
BirthDay: 7 October 1952
Sigh: Scorpio
Children: 5
BIOGRAPHY

John Caudwell was bornon 7 October 1952 in Stoke-on-Trent, United Kingdom, United Kingdom. John Caudwell is #926 in List Billionaires People In The World. Born into a working-class family, John Caudwell started selling mobile phones with his brother, Brian, in 1987. Six years later the brothers founded Singlepoint, a mobile service provider. By the time Vodafone acquired it in 2003 for $650 million, the firm had 1.9 million customers. Caudwell pumped his share of the money into Phones 4u, which grew into the U.K.'s largest independent mobile phone retailer. He flipped it three years later, selling the majority stake to Providence Equity Partners for $2.8 billion. In 2011, he sold his remaining 25% stake for $272 million. Three years later, he watched the business collapse abruptly when a number of networks decided to stop selling through Phone 4u's stores. PwC, administrator of the failed firm, is reportedly planning a legal action worth more than $1 billion against Vodafone, EE and O2, accusing the mobile operators of colluding to force Phones 4u's demise. Today Caudwell invests in real estate, fitness clubs and other industries. Starting in 2015, three former employees of Caudwell's businesses have sued him over claims that he wrongfully fired them to recoup shares worth millions or avoid paying bonuses. He declined to comment on the suits but has denied all allegations in press reports. Caudwell is dating Lithuanian cycling champion and former Olympian Modesta Vzesniauskaite.

NET WORTH STATISTIC
2009

$1.6 Billion

2010

$1.8 Billion

2011

$1.9 Billion

2012

$2.6 Billion

2013

$2.6 Billion

2014

$2.8 Billion

2015

$2.6 Billion

2016

$2.4 Billion

2017

$2.2 Billion

2018

$2.59 Billion

TIMELINE
2016

On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2

2014

He was then in a long term relationship with Claire Johnson for 15 years, with whom he has a son, but it was reported in October 2014 that they had separated

2013

As of July 2013, Caudwell Children has raised £27 million since its inception in 2000

2012

On 8 December 2012 at The Noble Gift Gala, he was presented with The Noble Gift Philanthropreneur Award by Hollywood actress Eva Longoria for his dedication to charity work

2011

In October 2011, he made a "significant" six-figure donation to the Middleport Pottery (one of the last working Victorian pot banks in Britain) in Stoke-on-Trent, through The Prince's Regeneration Trust

2010

In April 2010, Caudwell donated £2000 to Conservative MP Bill Cash's general election fund

2006

It became a national charity in 2006, and as of 2016 Caudwell is the chairman of the board of Trustees

2003

In 2003 he sold Singlepoint to Vodafone for £405m (then $648m)

2001

Caudwell was married to Kate for 25 years, ending in 2001

2000

"Caudwell founded the charity Caudwell Children in 2000

1999

In 1999, Caudwell was appointed as the President of the North Staffordshire branch of the NSPCC, and became the regional representative for the Full Stop campaign

1996

In 1996 and 1997, the Caudwell Group was named the UK's fastest-growing company for two years in succession

1991

Turnover increased from £13 million in 1991 to over £1 billion in 2000

1987

With his brother Brian, in 1987 Caudwell registered Midland Mobile Phones as a mobile phone wholesaler, taking 26 Motorola mobiles at £1,350 each

1986

In 1986 Caudwell became aware of the first of the then new mobile phones and discovered that there were large profit margins possible, so contacted the American handset maker Motorola to see if he could do a deal

1952

John David Caudwell (born 7 October 1952) is an English businessman who co-founded the mobile phone retailer Phones 4u

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