Martin Naughton’s profile picture

Martin Naughton

Martin Naughton’s profile picture
Net worth 2018: $1.02 Billion
Industry: Manufacturing
Residence: Maeth, Ireland
Country: Ireland
Children: 3
Education: Bachelor of Arts / Science, Southampton College of Advanced Technology England

Martin Naughton was born in Maeth, Ireland, Ireland. Martin Naughton is #1952 in List Billionaires People In The World. After more than 40 years at the helm, Martin Naughton stepped down as president of Glen Dimplex the largest global manufacturer of water and electric space heating, in April 2016. The company, which makes everything from washing machines and hair dryers to radios and decorative fires, called it an "evolution not revolution" as Naughton became chairman of a newly formed supervisory shareholder board, and his youngest son Fergal took over as CEO. As a student, Naughton spent months in hands-on aeronautical and mechanical engineering training. He founded Glen Electric with a handful of people in 1973, selling oil-filled radiators. He then acquired the much larger British heating company Dimplex just four years later, renaming his company Glen Dimplex. He became Glen Dimplex's sole owner in 2003. Naughton enjoys collecting art and serves as a trustee emeritus at the University of Notre Dame in Indiana, where he helps fund a student exchange fellowship between the university and leading Irish universities. He was knighted by Prince Charles in 2016.


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$1.02 Billion

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