Published on April 22nd, 2016 | by Editor0
Alan Sugar Makes Most of His Money From Property Business
Lord sugar as always has been the life of the much-loved business based TV show known as The Apprentice.
He made his wealth when his business strategies succeeded. One such example of his brilliance is Amstrad. He has always told the story of his road to wealth. But does anyone knows how much money he actually has?
He just missed the 100th spot for being the richest person with a worth of £1.4 billion, in this year’s Sunday time’s rich list, initially reported by Daily Telegraph.
All his wealth makes his monetary worth 5 times more than the British monarch. But he couldn’t beat Sir Richard Branson, who has more than 3 times what he owns being the most adored businessman of Britain.
Do you ever wonder from where the second most cherished businessman of Britain make most of his money? The answer lies in one word: property. Most of his income is generated through ridiculous land prices of Britain.
His biggest money making machine is his very own son. Amsprop, estate, is considered the major money flowing company at the moment. The company plans to spend a lot of money on buying commercial spaces in central London and prime retail.
By selling his sugar building, located near St. Paul’s cathedral he made around £80m excluding sales of other numerous major developments, profiting about £50m on it. Moreover, the sale of Haymarket Burberry store was for £65 million and no longer would you wonder about how Lord Sugar is immensely rich.
Mark wright, winner of last year’s apprentice told Telegraph that according to Lord Sugar, property helps you make money and business is what you derive pleasure from.
Sugar was the most famous man behind the Amstrad, which made things like cigarette lighter, hi-fis and e-m@ailer. Even though it was major flop, it still gained publicity. Eventually Amstrad was sold for £1 billion in 2007. But if it was sold in the 1980’s it worth’s would’ve been $1.55 billion. The company could never have fallen with more elegance.