Well, the tough looking CMC founder Peter Cruddas worth £1b in year 2009. I thought he was a fish monger's son, not true, but more humble, a meat-market porter and a cleaner's son. “A lot of people in the City (London's financial district) want to hide their wealth,” Cruddas said in 2005. “Not me. I’m proud to be ranked No 1 and take it as a mark of distinction.”
About him : He left school at 15 and became a telex operator. CMC was launched in 1989 with £10,000. In 1996, CMC branched out from traditional broking into online trading of shares, currencies, gold, oil and spread-bets; Goldman Sachs paid £140m for a 10% stake in 2007. Profits rose sharply to £57.2m in 2007-08 on soaring turnover of £181.4m. Past salaries, dividends and a £30m property portfolio take him to £1 billion.
1996 was a pivotal year for him, had he not persisted on pursing his vision of e-trading, we will probably not know him today. Just like Peter Lim's foresight on future trend, Peter Cruddas was betting on information technology when the IT age was at its infancy. These winners see things into future much further than many of us do. And they work hard to build their futures too.
Most importantly, they are both very charitable.
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