Lord Sugar Net Worth: Lord Alan Sugar is a well-known British businessman and media figure best known for serving as the host and executive producer of the popular BBC game program The Apprentice.
The Apprentice, one of the most-watched programs on the BBC since 2005, is entering its 17th season this year. Every year, hundreds of UK residents apply to appear on the show to win over the English millionaire.
According to The Sunday Times Rich List, Sugar reached billionaire status in 2015. Learn all there is to know about Lord Alan Sugar, including his net worth.
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Who Is Alan Sugar?
In East London’s Hackney, Alan Sugar was born in 1947. He is currently a British politician, businessman, and media personality. Sugar received a knighthood in the 2000 New Year’s Honors for his contributions to the business.
His most prominent client is an electronics manufacturer called Amstrad. In 1968, while he was only 21 years old, he founded it. Sugar served as the club’s manager and a part-owner between 1991 and 2001. The team only won one significant prize during this time, the League Cup in the 1998–1999 campaign.
Daniel Levy acquired ownership of Tottenham Hotspur in 2001. For £25 million, Sugar sold his final stake in the club in 2007. Later, on July 20, 2009, Sugar received the title Baron Sugar of Clapton and was created a life peer.
The BBC reality series The Apprentice, where he has served as the Big Boss since 2005, is where he is most known. But he donates the entire sum of money from the show’s sponsorship to Great Ormond Street Hospital. In 1968, Sugar wed Ann Simmons, and they currently have three children.
What Was His Source of Income?
Sir Alan was born and raised in the East London district of Hackney, where he also landed his first work as a greengrocer. The business tycoon quit school when he was 16 and began peddling electrical products and vehicle antennae out of a van he had purchased for £50.
Amstrad was once enormously valuable—worth £1.2 billion—but Lord Sugar eventually sold his first company to BskyB for £125 million in 2007 due to difficulties. He and Terry Venables acquired the Tottenham Hotspur Football Club in 1991. His next significant business move was to do this. He owned the team for 16 years before selling it in 2007.
Lord Sugar now owns many businesses that produce electronics, including the digital firm Amscreen and the Internet TV provider You’ve. Along with his son Dan, he is also rumored to manage the business travel agency Amsair and the real estate investment firm Amsprop.
In his lengthy career, Lord Sugar has received two honorary doctorates in science. For his work in business, the Queen knighted him in 2000.
Lord Sugar drives a lot of expensive cars, which is not surprising. He flaunted his brand-new plane, estimated to be valued at over £600,000, on Twitter last year.
Lord Sugar Net Worth
Lord Sugar, Sir James Dyson, and Sir James Ratcliffe are three of the 171 billionaires in the United Kingdom. Based on his estimated net worth of £1.21 billion, he ranks as the 138th richest person in the UK. He was raised in a council apartment where his family had financial difficulties. This was a far cry from the wealth he was accustomed to.