DERRICK SMITH • Net Worth $800 Million • House • Yacht • Private Jet • Barbados

Name:Derrick Smith
Net Worth:$ 800 million
Source of Wealth:Sandy Lane Hotel, Coolmore Stud Farm
Wife:Gay Smith
Residence:Saint James, Barbados
Private Jet:Pls send a message if you have information.

Who is Derrick Smith?

Derrick Smith, a man who carved a successful path from being a former Ladbroke trading director to an influential currency trader, stands out for his remarkable career transitions. Born in the 1940s, Derrick, along with his wife Gay Smith, resides in the beautiful island country of Barbados, known for its vibrant horse racing culture.

Key Takeaways:

  • Derrick Smith, a successful currency trader, has a deep-rooted interest in horse racing, leading him to co-own Coolmore Stud Farm, the world’s largest breeding operation of thoroughbred racehorses.
  • Smith is not just a business magnate but also a philanthropist, heading the Sandy Lane Charitable Trust and contributing significantly to the establishment of the Derrick Smith School and Vocational Centre.
  • Apart from his ventures in currency trading and horse racing, Smith co-owns the luxury five-star beachfront resort, Sandy Lane Hotel, in Barbados.
  • Through his investment company, Smoothfield Holding Limited, he holds a 4.3% stake in Mitchells & Butlers, the largest operator of restaurants, pubs, and bars in the UK.
  • According to the Sunday Times Rich List, Smith’s net worth is estimated to be around GBP 595 million ($800 million).

Derrick’s Journey at Ladbrokes

Smith began his career at Ladbrokes, a company at the forefront of online betting and gaming. After a successful stint as a trading director, he decided to leave in 1998 and embark on new ventures. His endeavors in currency trading and property development proved to be extremely successful, enabling him to amass significant wealth and relocate to Barbados.

Coolmore Stud Farm: A Racing Venture

Not one to rest on his laurels, Smith pursued his passion for horse racing with great fervor. He joined forces with Michael Tabor to own several successful horses, making a significant mark in the industry.

In a remarkable partnership with Michael Tabor and John Magnier, Smith co-owns the Coolmore Stud Farm, known worldwide as the largest breeding operation of thoroughbred racehorses.

The Sandy Lane Hotel: A Luxury Retreat in Barbados

His ventures are not limited to horse racing. Together with Michael Tabor, Smith co-owns the Sandy Lane Hotel, a luxury five-star beachfront resort in Barbados. Recognized as one of The Leading Hotels of the World, the Sandy Lane Hotel caters to an elite clientele, including Oprah Winfrey, Rihanna, Tiger Woods, and Bill Gates.

The Sandy Lane Charitable Trust: Philanthropy at its Best

Smith and his wife, Gay, extend their impact through philanthropic endeavors. Heading the Sandy Lane Charitable Trust, Smith contributed an impressive US$ 10 million to establish the Derrick Smith School and Vocational Centre. While Smith financed the school’s infrastructure, the Barbados Government shoulders the operational costs.

Mitchells & Butlers: A Significant Stake

Smith’s business interests further extend to the UK’s hospitality sector. Through his investment company, Smoothfield Holding Limited, he owns a significant 4.3% stake in Mitchells & Butlers. As the UK’s largest operator of restaurants, pubs, and bars, M&B boasts over 1,600 establishments, revenues exceeding US$ 2.5 billion, and a 44,000-strong workforce.

Derrick Smith’s Net Worth

Owing to his diversified ventures and investments, Derrick Smith’s net worth, as estimated by the Sunday Times Rich List, stands at an impressive GBP 595 million ($800 million).


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Yacht Callisto Owner

Derrick Smith

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Derrick Smith Residence

Derrick Smith Yacht

Smith is the owner of the Feadship yacht Callisto.

The Callisto Yacht is an exceptional vessel built by Feadship, delivered in 2006.

She underwent an intensive refit in 2014, and can accommodate 12 guests and 16 crew.

She’s powered by two Caterpillar engines that allow a top speed of 16 knots and a cruising speed of 12 knots.

In 2022, Smith expanded his maritime portfolio with a new addition – a “smaller” yet no less luxurious 42-meter Feadship yacht.