Stephen_Lansdown

Steve Lansdown

Steve Lansdown

British businessman (born 1952)

Stephen Philip Lansdown CBE (born 30 August 1952) is an English-born Guernsey billionaire. He co-founded the British financial services firm Hargreaves Lansdown with Peter Hargreaves. He is a founder of Bristol Sport and majority shareholder of Bristol Bears, Bristol Flyers, and Bristol City Football Club.

Quick Facts Born, Education ...

According to The Sunday Times Rich List in 2019, Lansdown is worth £1.72 billion.[1]

Career

Educated at Thornbury Grammar School in Gloucestershire and trained as an accountant,[2] Lansdown started Hargreaves Lansdown trading from a bedroom in 1981.[3]

In April 2009, he sold a stake of 4.7% in Hargreaves Lansdown for a sum of £47.2million, which he put towards the cost of building Bristol City's new football stadium.[4] He was reported in September 2012 to have announced his intention to quit Hargreaves Lansdown in November 2012.[5] Lansdown has a holiday home in the South of France.[2]

According to Hargeaves Lansdown's notifiable director deals, on 7 October 2010 he sold (at 429.00p) 13,560,843.00 shares at a value of £58,176,016.47. In 2013, he also bought basketball club Bristol Flyers. As of September 2015 his net worth was reported to be down to $1.88 billion.[6]

Lansdown sold 2.2% of his shares in Hargreaves Lansdown in April 2020 at a total value of £160 million, which reduced his stake in the firm to 7%.[7]

In August 2020 it was announced that Lansdown would receive £18.6 million in dividends after Hargreaves Lansdown's profits increased by 24% to £378.3 million in the 12 months leading up to 30 June 2020.[8][9]

Honours

Lansdown was appointed Commander of the Order of the British Empire (CBE) in the 2017 Birthday Honours for services to business and the community in Bristol.[10]

Family

He is married with two children.[2]

References

  1. [1]
    Times, The Sunday (12 May 2019). "Rich List 2019: profiles 53-100, featuring Mike Ashley and Bernie Ecclestone". The Times. ISSN 0140-0460. Retrieved 12 September 2019.
  2. [2]
    Bristol's deadly duo hit the City, timesonline.co.uk, 6 May 2007.
  3. [3]
    Sunday Times Rich List 2009, timesonline.co.uk; accessed 17 June 2017.
  4. [4]
    Leroux, Marcus (16 April 2009). "Share sale puts £47m in the back of Bristol City's net". The Times. London, UK. Retrieved 17 June 2017.
  5. [5]
    Buckland, Rob (6 September 2012). "Lansdown to quit Hargreaves Lansdown board". Bristol24-7. Retrieved 17 June 2017.
  6. [6]
    "The World's Billionaires". Forbes Magazine. Retrieved 17 June 2017.
  7. [7]
    "HL dives as Stephen Lansdown sells £160m stake". Wealth Manager. Retrieved 14 August 2020.
  8. [8]
    O'Dwyer, Michael (7 August 2020). "Hargreaves Lansdown founders to share £82m payout". The Telegraph. London. ISSN 0307-1235. Retrieved 14 August 2020.
  9. [9]
    "Hargreaves Lansdown sees business soar during coronavirus crisis". Evening Standard. 7 August 2020. Retrieved 14 August 2020.
  10. [10]
    "No. 61962". The London Gazette (Supplement). 17 June 2017. p. B9.


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