Who is Sir Philip Green?
Green is a British born and Monaco based billionaire. He is nicknamed the King of High Street. He was born in 1952. He started working as a shoe importer which turned into a clothing empire.
At the age of 21 he was importing jeans from the Far East to sell to British retailers. He is the owner of the yacht Lionheart.
Together with his wife Tina he has 4 children. Chloe Green, Stasha Palos, Brett Palos, and Brandon Green. Chloe Green is a model and actor in fashion. She is active on Instagram, where she often posts photos onboard the family’s yachts.
Brett Palos is the step-son of Green. He is a director at Arcadia Group. Brett Palos is the owner of the Benetti yacht Illusion V. Illusion V is a 58-meter motor yacht, delivered in 2014.
Stasha Palos is an artist and author. Brandon Green went to the International School in Monaco and is also active in the Arcadia Group.
He is the owner of the yachts Lionheart, Lioness, Lionchase, and (Van Dutch tender) Lion Cub.
Green is CEO of the Arcadia Group, a British clothing retailer. The group has 900 stores in 40 countries. The Arcadia Group is owned by his wife Tina Green to avoid paying UK tax.
Green inherited his father’s property development company at the age of 12. After a few years, he started importing shoes and acquired a jeans company named Jean Jeanie. Within a year he sold the company again and made a GBP 9 million profit.
Green made several other profitable deals. He purchased the sports retail company Olympus for GBP 1. And sold it three years later for GBP 550 million.
Later he acquired the Arcadia Group. It is known for brands as Dorothy Perkins, Miss Selfridge, and Evans. The Arcadia Group has more than 2,500 shops in the UK. In 2013 Arcadia realized USD 3.3 billion in sales and a profit before tax of USD 600 million.
The Green fortune is invested through the private investment company Taveta Investments. Which holds shares in Arcadia, British Home Stores, and Owen Owen Holdings.
In 2005 Tina Green received the largest annual dividend payout in UK history. It was an amount of USD 1.5 billion that was paid by Arcadia Group to Taveta Investments.
PHILIP GREEN Net Worth
Philip and Tina Green have an estimated net worth of US$ 2 billion.