Who is Derrick Smith?
Smith is a former Ladbroke trading director. Who turned into a successful currency trader. He was born in the 1940s. He lives with his wife Gay Smith in Barbados and is active in horse racing.
Smith started working at Ladbrokes. Ladbrokes is the world leader in online betting and gaming.
After a career as a trading director, he left in 1998 to become a currency trader and property developer. He was very successful. He became rich and moved to Barbados.
Coolmore Stud Farm
Smith is active and successful in horse racing. Smith has owned many successful horses together with Michael Tabor.
Together with Michael Tabor and John Magnier, he is the owner of the successful Coolmore Stud Farm. Coolmore is the world’s largest breeding operation of thoroughbred racehorses.
Sandy Lane Hotel in Barbados
Again together with Michael Tabor, Smith co-owns the Sandy Lane Hotel in Barbados. The Sandy Lane is a luxury five-star beach-front resort. It is a member of The Leading Hotels of the World.
The hotel has 112 guestrooms and a five-bedroom villa. It attracts the world’s rich and famous. Guests include Oprah Winfrey, Rihanna, Tiger Woods, and Bill Gates.
Sandy Lane Charitable Trust
Smith and his wife Gay are active philanthropists. He heads the Sandy Lane Charitable Trust. He donated US$ 10 million to create the Derrick Smith School and Vocational Centre.
The school’s building and facilities were paid by Smith. While the Barbados Government will fund the operating costs.
Mitchells & Butlers
Through his investment company Smoothfield Holding Limited he owns 4.3% of the shares in Mitchells & Butlers. Mitchells & Butlers is the largest operators of restaurants, pubs, and bars in the UK.
M&B runs around 1,600 pubs, bars, and restaurants throughout the United Kingdom. It has revenues of more than US$ 2.5 billion and 44,000 employees.
Derrick Smith Net Worth
According to the Sunday Times Rich List, his net worth is estimated at GBP 595 million (US$ 800 million).