Peter Hargreaves

Peter Hargreaves
Born Peter Kendal Hargreaves
(1946-10-05) 5 October 1946
Clitheroe, Lancashire
Residence West Country, UK
Nationality British
Education Clitheroe Royal Grammar School
Occupation Businessman
Known for Co-founder of Hargreaves Lansdown
Chairman of Blue Whale Capital
Net worth £2.39 billion[1]
Website https://www.bluewhale.co.uk

Peter Kendal Hargreaves CBE (born 5 October 1946) is an English co-founder with Stephen Lansdown of Hargreaves Lansdown, one of the United Kingdom's largest financial services businesses. He is a shareholder of Hargreaves Lansdown[2] but no longer a director or employee. He is a partner in Blue Whale Capital, an investment boutique that was launched in 2017.[3][4]

Early life

Hargreaves was born in Clitheroe and educated at Clitheroe Royal Grammar School in Lancashire.[5][6][7]

Career

Trained as an accountant,[7] Peter Hargreaves initially worked as a computer salesman.[7] He then started Hargreaves Lansdown trading from a bedroom in 1981; in 2010, he stood down as chief executive, receiving £18 million in payouts from dividends.[8] He was succeeded as CEO by Ian Gorham. He is reportedly now worth £2,315 million according to the Sunday Times Rich List 2017, making him the 51st richest person on the list.[9] Hargreaves joined the board of ITM Power in February 2004 as a non-executive director:[10] he has invested heavily in ITM Power.[11] In March 2016 he joined the Leave.EU movement to campaign for the UK's exit from the European Union.[12] He was the top donor to the Brexit campaign contributing over £3 million to the Leave campaign.[13] In September 2017, Hargreaves announced a £25 million backing in Blue Whale Capital – a new asset management company set up by previous colleague, Stephen Yiu.[14][15]

Honours

Hargreaves was appointed Commander of the Order of the British Empire (CBE) in the 2014 New Year Honours for services to business innovation, financial services, and the City of Bristol.[16]

Politics

Hargreaves financially supported the Leave.EU campaign in 2016,[17][18] and wrote to 15 million UK householders asking them to support the leave campaign in the European Union membership referendum.[19][20]

In May 2016, Hargreaves said that Brexit will lead to insecurity, which will turn out to be very effective.[21] Hargreaves said that Theresa May should reassure the three million EU nationals already in the UK that their current rights would be maintained.[22]

Personal life

In 1986 he married Rosemary; they have one son and one daughter.[23] They reside in a Georgian property in the West Country, where he grows his own vegetables.[5] He owns three racehorses.[7]

References

  1. ↑ "The billionaire 100 club: Peter Hargreaves' inexorable rise". City Wire. Retrieved 6 November 2014.
  2. ↑ "Richard Branson Reveals Virgin Has Lost A Third of Its Value Since Brexit". HuffPost. 28 June 2016. Retrieved 28 June 2016.
  3. ↑ Lynch, Andrew (3 September 2017). "Tycoon Peter Hargreaves back in the swim with Blue Whale Capital". The Sunday Times. ISSN 0956-1382. Retrieved 19 April 2018.
  4. ↑ Lynch, Andrew (3 September 2017). "Tycoon Peter Hargreaves back in the swim with Blue Whale Capital". The Sunday Times. ISSN 0956-1382. Retrieved 19 April 2018.
  5. 1 2 Wachman, Richard (30 June 2011). "Peter Hargreaves, the modest multimillionaire". The Guardian. Retrieved 21 April 2016.
  6. ↑ Andrew Lynch (22 March 2009). "Fame and Fortune: Peter Hargreaves". Sunday Times. Retrieved 24 September 2015.
  7. 1 2 3 4 Bristol’s deadly duo hit the City The Times, 6 May 2007
  8. ↑ "Hargreaves retires with £18m windfall". Daily Mail. 2011. Retrieved 3 June 2011.
  9. ↑ Name. "The Sunday Times Rich List 2017". The Sunday Times. Retrieved 2 July 2017.
  10. ↑ ITM Power: People
  11. ↑ Peter Hargreaves: My First Million Financial Times
  12. ↑ "Peter Hargreaves Joins the Leave.EU team". Retrieved 22 March 2016.
  13. ↑ Savage, Michael (7 May 2017). "Biggest Brexit donor urges May to guarantee EU nationals' rights". the Guardian. Retrieved 20 April 2018.
  14. ↑ "How fund Hargreaves is putting £25m into will invest". FTAdviser.com. Retrieved 7 September 2017.
  15. ↑ Collinson, Patrick (27 November 2017). "Does Peter Hargreaves have a whale of an opportunity for UK investors?". The Guardian. Retrieved 14 February 2018.
  16. ↑ "No. 60728". The London Gazette (Supplement). 31 December 2013. p. 8.
  17. ↑ Michael Yong (31 March 2016). "Bankrolling Brexit: How two Bristol businessmen put in millions of pounds". Bristol Post. Retrieved 1 April 2016.
  18. ↑ Howard Mustoe (18 March 2016). "EU referendum: Founder of FTSE 100 broker backs EU exit". BBC News. Retrieved 1 April 2016.
  19. ↑ Damian Fantato (23 March 2016). "Peter Hargreaves signs 15m letters backing Brexit". FTAdviser. Retrieved 1 April 2016.
  20. ↑ Dylan Lobo (29 March 2016). "Hargreaves Lansdown distances itself from founder's leave campaign". citywire.co.uk. Retrieved 1 April 2016.
  21. ↑ 'Like Dunkirk': Brexit donor trumpets 'fantastic insecurity' of leaving EU, The Guardian 12 May 2016
  22. ↑ Savage, Michael (7 May 2017). "Biggest Brexit donor urges May to guarantee EU nationals' rights". The Guardian.
  23. ↑ Fame & Fortune: Peter Hargreaves The Times, 22 March 2009
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