Alan Sugar, Baron Sugar

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Alan Sugar in London (2009)

Alan Michael Sugar, Baron Sugar (born March 24, 1947 in Hackney , London ) is a British entrepreneur with an estimated net worth of £ 1.4 billion .

Sugar was the chairman and partner of Tottenham Hotspur from 1991 to 2001 and sold his remaining stake in the club in 2007 for £ 25 million. He can be seen on the BBC television series The Apprentice , which has been broadcast annually since 2005.

life and career

Sugar is the youngest of four children in a Jewish family. He left school at the age of 16 and started selling car antennas and other small electrical items on his own. In 1968, Sugar founded the electronics and computer company Amstrad (the company's name is an acronym from its initials - A lan M ichael S ugar Trad ing).

On July 20, 2009, he was promoted to Life Peer with the title Baron Sugar , of Clapton in the London Borough of Hackney . Since then he has been a member of the House of Lords , initially for the Labor Party . After the general election in 2015, however, he said that he would give up his support for the party because it had moved too far to the left. According to his own statements, he had made this decision before the election and initially did not make it public out of consideration for the party's chances of being elected. Sugar, who has supported the Labor Party since 1997, does not intend to give up his seat in the House of Lords, but will continue to be a non-affiliated member.

Amstrad

Amstrad CPC 464 computer

Sugar founded Amstrad (AMS (his initials) Trading) in 1968. The company started out as a general importer / exporter and wholesaler but soon specialized in consumer electronics . In 1970 the first manufacturing company was underway. He achieved lower production prices by using injection molded plastics for hi-fi turntable covers, which significantly undercuts the competition using vacuum forming processes. The production capacity was soon expanded to include audio amplifiers and tuners.

In 1980 Amstrad was listed on the London Stock Exchange and during the 1980s Amstrad doubled its profits and market value every year. When Amstrad saw the opportunity of the home computer age in 1984, it launched an 8-bit machine, the Amstrad CPC 464 . Although the CPC series comprised attractive machines with CP / M capability and a good BASIC interpreter, it was in stiff competition with the graphically more complex Commodore 64 and the popular Sinclair ZX Spectrum , not to mention the highly developed BBC Micro . Even so, three million units with a long production period of eight years were sold worldwide. It inspired an East German version with Z80 clone processors.

Individual evidence

  1. ↑ http://www.telegraph.co.uk/finance/enterprise/11930889/How-wealthy-is-Lord-Sugar-A-billionaire-thanks-to-clever-property-investments.html
  2. ↑ http://www.spearswms.com/alan-sugar-net-worth/
  3. ↑ BSkyB agrees £ 125m Amstrad deal . July 31, 2007 ( bbc.co.uk [accessed May 16, 2019]).
  4. ↑ Alan Sugar resigns from Labor party over 'shift to left' in: The Guardian May 11, 2015, accessed May 16, 2015.
  5. ↑ The Big Question: 'The Apprentice' is a hit - but how good a businessman is Sir Alan Sugar? - Business Analysis & Features - Business - The Independent. November 11, 2012, accessed May 16, 2019 .
  6. ↑ WACCI Issue 139-04 - Thanx & Stuff. Retrieved May 16, 2019 .

swell

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Commons : Alan Sugar  - collection of pictures, videos and audio files
personal data
SURNAME Sugar, Alan, Baron Sugar
ALTERNATIVE NAMES Sugar, Alan Michael, Baron Sugar (full name)
BRIEF DESCRIPTION British businessman and multimillionaire
DATE OF BIRTH March 24, 1947
PLACE OF BIRTH London Borough of Hackney , London, England, United Kingdom