George Magan, Baron Magan of Castletown

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George Morgan Magan, Baron Magan of Castletown (born November 14, 1945 in Delhi ) is a conservative politician and member of the House of Lords .

He comes from an Anglo-Irish family and is the son of Brigadier Bill Magan, who was the director of MI5 . He went to Winchester College and then became an accountant.

Magan has been Treasurer of the Conservative Party Treasurer since 2003 and is currently Deputy Chairman of the Conservative Foundation . The Sunday Times Rich List conservatively estimates his net worth at £ 60 million. It was reported that he made $ 20 million from the 1995 acquisition of Hambro Magan by Natwest Markets. At the height of the bull market it was reportedly worth $ 200 million.

Magan was one of the founders of Hambro Magan and is now a minority shareholder in the private equity firm Rhône Group . He is the director of a number of other firms in the investment banking and private equity space. He is also a member of a number of international boards of directors.

He helped set up a foundation for the National Society for the Prevention of Cruelty to Children and from 1996 to 2001 he was trustee of the Royal Opera House .

House of Lords

On January 25, 2011, he was promoted to Life Peer as Baron Magan of Castletown , of Kensington in the Royal Borough of Kensington and Chelsea , and was inducted into the House of Lords on January 27 , where he sits for the Tories .

Web links

Individual evidence

  1. http://www.telegraph.co.uk/news/obituaries/military-obituaries/army-obituaries/7055321/Brigadier-Bill-Magan.html
  2. http://www.theconservativefoundation.co.uk/index.php?page=who&win=close
  3. http://business.timesonline.co.uk/tol/business/specials/rich_list/article3806023.ece
  4. http://features.thesundaytimes.co.uk/richlist/live/richlist/view/main/1/rank/-/magan#list
  5. http://www.strategicams.com/investor-relations/board-of-directors/106-george-magan-chairman
  6. Information from the British Parliament
  7. Conservatives.com: Party Treasurer George Magan ( Memento June 29, 2011 in the Internet Archive )
  8. House of Lords Business for January 26, 2011