Peter Cruddas’s profile picture

Peter Cruddas

Peter Cruddas’s profile picture
Net worth 2018: $1.3 Billion
Industry: Finance
BirthDay: 30 September 1953
Sigh: Libra
Children: 2
BIOGRAPHY

Peter Cruddas was bornon 30 September 1953 in United Kingdom. Peter Cruddas founded CMC Markets, a London-based online financial retailer, and serves as CEO. He dropped out of the Shoreditch School at age 15 and started his business a few years later with $16,000 in savings. Over the years he expanded the company and sold a 10% stake to Goldman Sachs in 2007, reportedly for more than $100 million. Cruddas has received honorary degrees from Oxford and Loughborough universities for being a leader in his field as well as for his philanthropic efforts through the Peter Cruddas Foundation, which helps disadvantaged youths discover their potential through education and sports. Cruddas is co-treasurer of the Conservative Party and an avid golfer.

NET WORTH STATISTIC
2012

$1.3 Billion

2018

$1.3 Billion

TIMELINE
2013

In June 2013, the High Court ruled in his favour and found that the Sunday Times' articles had been defamatory

2012

In July 2012, the ConservativeHome blog reported that Cruddas was suing the Sunday Times for libel over its coverage of him

2011

In an interview in early 2011 he stated that he had: "A £10m apartment in Monaco, a £5m house in Hertfordshire, a house in Antibes, a yacht and a private jet

2010

He donated £100,000 in the last quarter of 2010 and £50,000 in the first week of the 2010 general election campaign

2009

A father of four from two marriages Cruddas was resident in Monaco for a period until March 2009, commuting daily from an apartment on Avenue de Spélugues to London City Airport

2007

In the 2007 Sunday Times Rich List, he was named the richest man in the City of London, with an estimated fortune of £860 million

1989

By 1989, Cruddas was the head foreign exchange dealer at the City of London branch of the Jordanian-based Petra Bank

1953

Peter Andrew Cruddas (born 30 September 1953) is an English banker, businessman and philanthropist

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