Lord Alan Michael Sugar is a UK born billionaire and founder of several companies. He is best known for the company Amstrad, active in consumer electronics. Founded by Sir Alan as an electrical goods retailer in 1968, Amstrad was listed on the London Stock Exchange in 1980. Its name is an acronym of Alan Michael Sugar Trading. Amstrad launched a home computer package aimed at the mass market in the mid-1980s and was a supplier of set-top boxes for Broadcaster Bskyb. In 2007 Lord Sugar sold his remaining shares in Amstrad for approx. US$ 250 million. Sugar now owns a large real estate portfolio through AMSprop (“Alan Michael Sugar Properties” focused upon ultra-prime Central London and core City of London properties), and companies as Amsair ("Alan Michael Sugar Air”) Executive Aviation, offering business and executive jet charters and Amscreen, selling advertise space on digital media advertising screens. Lord Sugar owns a US4 30 million Embraer Legacy 650 jet, with registration G-SUGA. The net worth of Alan Sugar is estimated at US$ 1.5 billion. Sugar previously owned the Schweers yacht Louisiana, which was built as Margaux Rose for Fiat owner Gianni Agnelli.
Sir Alan Sugar and James Murdoch
Sir Alan and James Murdoch are happy with the deal
Besides set-top b