James Palumbo

James "Jamie" Palumbo, Baron Palumbo of Southwark (born June 6, 1963 in London ) is co-founder and chairman of the Ministry of Sound Group, an international music and night club company. He was listed in the 2012 Sunday Times Rich List in 441st place with an estimated fortune of £ 170,000,000.

Life

Ministry of Sound

Palumbo studied 1976-81 at Eton College and 1981-84 at Worcester College , Oxford . He then worked in the London financial district from 1984–86 with Merrill Lynch , 1986–90 with Morgan Grenfell and 1990–92 with Hambro Magan .

Palumbo opened the Ministry of Sound nightclub in south London in September 1991 with his school friend Humphrey Waterhouse and DJ Justin Berkmann .

The club was modeled after the Paradise Garage in New York , had a 24-hour license and took advantage of the dance music trend, which was popular in Great Britain at the time. However, Palumbo struggled to keep drug dealers out of the club, which resulted in a fight to get the upper hand.

Ministry of Sound has expanded into other areas such as music, live events, bars, consumer electronics, merchandise, beauty and other lifestyle products since its inception. The company has also acquired a number of other brands such as Hed Kandi .

Ministry of Sound has offices and venues in Germany , Australia , USA , Egypt , Malaysia and Spain and conducts over 2,000 events per year in over 30 countries.

Ministry of Sound Recordings has sold over 50 million albums to date and is one of the largest independent music companies in the world.

In 2001, Palumbo sold 16% of the company to 3i for £ 24,000,000. In 2008 Lohan Presencer became chief executive, but Palumbo remained the group's chairman.

Work as a writer

Palumbo's debut novel Tomas, about greed and corruption in the modern world, was published in July 2009. His second novel 'Tancredi' was published in September 2011.

politics

Palumbo has a number of friends in politics. These include Lord Mandelson , the ex-Labor minister whom he lent a car and driver during the 1997 election campaign, Simon Hughes , the deputy leader of the Liberal Democrats whom he has supported since 1991, and Tom Sackville , the Conservative Home Secretary with whom he met in 1994 worked on the Drugs Misuse Act.

On October 2, 2013, he was promoted to Life Peer with the title Baron Palumbo of Southwark , of Southwark in the London Borough of Southwark, and thus a member of the House of Lords .

Litigation with his father

James Palumbo is a son of Baron Peter Palumbo from his first marriage. He and his siblings became estranged from their father at an early age. In 1994, James Palumbo, along with his sister Annabella Adams, launched a lawsuit alleging that his father embezzled the family fortune foundation set up by his grandfather Rudolph, a successful property developer. In 1997, Peter Palumbo resigned as trustee and new trustees were appointed to manage the family's assets. In 2010, James Palumbo started a new case against the father in connection with another family foundation , this time along with Annabella Adams and her younger sister Laura Tikoo .

Private life

Palumbo never married. He lives in London with his longtime Thai girlfriend, Rawipim Paijit. He has a son, Alessandro, born in March 1991 from his Iranian mother Atoosa Hariri.

Individual evidence

↑ James Palumbo: How I risked my life kicking the drug gangs out of my club, by Ministry of Sound boss James Palumbo. Daily Mail, June 28, 2009.
^ Matthew Bell meets James Palumbo: James Palumbo: There's only money, sex - and music and mellowing. Writing his first novel was more fun than any of the takeovers he's negotiated, says the uncompromising founder of the Ministry of Sound. The Independent , August 9, 2009.
↑ London Gazette, October 4, 2013
^ ^A ^b Palumbo courts fresh battle against Jamie. London Evening Standard, November 7, 1994.
^ Kate Rankine: Business profile: Chairman with a passion for needlework. Daily Telegraph , September 13, 2003.
↑ Michael Seamark: Lord Palumbo in fresh court row with children over "missing art worth £ 2m." Daily Mail , July 28, 2010.
^ Richard Kay and Geoffrey Levy: He's a friend of the royals and the ultimate society insider but Lord Palumbo's children say he is looting their inheritance again. Daily Mail , July 28, 2010.

personal data
SURNAME	Palumbo, James
ALTERNATIVE NAMES	Palumbo, James, Baron Palumbo of Southwark (full name); Palumbo, Jamie (nickname)
BRIEF DESCRIPTION	British co-founder and chairman of the Ministry of Sound Group
DATE OF BIRTH	June 6, 1963
PLACE OF BIRTH	London , UK

[1] James Palumbo: How I risked my life kicking the drug gangs out of my club, by Ministry of Sound boss James Palumbo. Daily Mail, June 28, 2009.

[2] Matthew Bell meets James Palumbo: James Palumbo: There's only money, sex - and music and mellowing. Writing his first novel was more fun than any of the takeovers he's negotiated, says the uncompromising founder of the Ministry of Sound. The Independent , August 9, 2009.

[3] London Gazette, October 4, 2013

[Evening_Standard-4] A ^b Palumbo courts fresh battle against Jamie. London Evening Standard, November 7, 1994.

[5] Kate Rankine: Business profile: Chairman with a passion for needlework. Daily Telegraph , September 13, 2003.

[Daily_Mail-6] Michael Seamark: Lord Palumbo in fresh court row with children over "missing art worth £ 2m." Daily Mail , July 28, 2010.

[7] Richard Kay and Geoffrey Levy: He's a friend of the royals and the ultimate society insider but Lord Palumbo's children say he is looting their inheritance again. Daily Mail , July 28, 2010.