Having left school in Hackney aged 16, Alan Sugar started selling electric goods out of a van he bought for £50. In 1968, he founded Amstrad and now, over 48 years later, he has an estimated worth of over £1 billion and was ranked 95th in the 2016 Sunday Times Rich List.
A former Chairman of Tottenham Hotspur FC, he sold his Amstrad empire to Sky in July 2007. His other companies include Amscreen, the UK’s largest digital media owner and property investment firm Amsprop. Until earlier this year he was chairman of Viglen, a manufacturer specialising in computers, networks and solutions.
In 2000, he was knighted for his services to business and he holds two honorary Doctorates of Science degrees, awarded by City University and Brunel University respectively.
Having previously sat on the Business Council for Britain and fronted a campaign promoting the benefits of apprenticeships, he was named as the government’s Enterprise Champion in 2009 and appointed to the House of Lords as Baron Sugar of Clapton in the London Borough of Hackney.
Lord Sugar is a philanthropist for a number of charities including Great Ormond Street Hospital and Jewish Care.