Who is Lord Alan Sugar?
Lord Alan Sugar is a billionaire based in the UK. He was born in March 1947. He is married to Ann Simons. They have 3 children. He is the founder of Amstrad.
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 he 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”. The company is focused upon ultra-prime Central London and core City of London properties).
And he owns companies as Amsair (“Alan Michael Sugar Air”) and Executive Aviation. It is offering business and executive jet charters. And he owns Amscreen, selling advertising space on digital media advertising screens.
Lord Alan Sugar Net Worth
His net worth is estimated at $1.5 billion.
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Lord Alan Sugar House
He owns a large mansion in Chigwell, Essex, and a beachfront house in Marbella, Spain. Sugar also owned a large mansion in Boca Raton (Florida) which he sold in 2015 for US$ 6.8 million.
Lord Alan Sugar Yacht
Lord Sugar owns a $30 million Embraer Legacy 650 private jet. The jet has registration G-SUGR. An Embraer Legacy 650 can accommodate 14 passengers. The aircraft has a list price of US$ 30 million. He used to own a similar plane, with registration G-SUGA.