Charles Dunstone Net Worth is$1.9 Billion
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Profession: Entrepreneur
Nationality: United Kingdom
Date of Birth: 1964-11-21
Place of Birth: Saffron Walden
Charles Dunstone Net Worth: Charles Dunstone is a British businessman who has a net worth of $1.9 billion. One of the well-established billionaires in the UK, Charles is the chairman and co-founder of the mobile phone retailer The Carphone Warehouse, and the chairman of the TalkTalk Group. Born Charles William Dunstone on November 21, 1964 in Saffron Walden, he is an alumnus of Uppingham School and went on to take his Bachelor's degree University of Liverpool. Shortly upon graduation, Dunstone started selling mobile phones before starting to work as sales executive at NEC. There, he earned enough finance to establish his own business. It was in 1989 that he set up The Carphone Warehouse (CPW) which is an independent mobile phone retailer that specializes in producing cell phones for the self-employed, small businesses and the general public. Once it was given the green light to float on the London Stock Exchange market in 2000, it was estimated at $2.6 billion. Some eight years later, CPW began fruitful collaboration with Best Buy which eventually led to the formation of Best Buy Europe. The newly established company has various assets that include the retail business of CPW that operates in more than 2400 stores located in nine countries across Europe. Nowadays, CPW is regarded as one of the largest retailers of independent mobile communications globally and thus it's the main source of Dunstone's fortune.
Sir Charles William Dunstone (born 21 November 1964) is the chairman and (with David Ross) co-founder, in 1989, of mobile phone retailer The Carphone Warehouse and chairman of the TalkTalk Group.

Dunstone was born in 1964, in the town of Saffron Walden in Essex. Dunstone was educated at Uppingham School, an independent school for boys (now co-educational), in the market town of Uppingham in Rutland, in Central England. Dunstone's father is an executive at BP.
Charles Dunstone first began selling mobile phones out of his flat on Marylebone Road in 1989. He was 25 years old and had ??6000 of savings to start his business having previous worked at NEC as a sales executive.
It was whilst working at NEC that he first spotted the potential of mobile phones and the future of mobile communications. At that time, handsets were large, cumbersome and mainly purchased by big business and large organisations. Corporate clients were well catered for but small businesses, the self-employed and general public had nowhere to go. Dunstone realised that mobile phones would eventually become ubiquitous and named his company The Carphone Warehouse (CPW) to serve this larger market.
In July 2000 the company floated on the London Stock Exchange and based on an Issue price of 200p, the company was valued at approximately ??1.7 billion.
In May 2008, Best Buy, a world-leading consumer electronics retailer, and CPW agreed to create a new company, Best Buy Europe.
Best Buy acquired 50% of CPW???s European and US retail interests for a cash consideration of ??1.1 billion or $2.1 billion.
The assets of the newly formed company comprise CPW???s existing retail business, operating from more than 2,400 stores in nine European countries under CPW and Phone House brands. These include the UK, Belgium, France, Germany, Ireland, The Netherlands, Portugal, Spain and Sweden.
CPW is today the world???s largest independent mobile communications retailer.
In 2013 Charles w

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Charles Dunstone Latest News

TalkTalk, led by Sir Charles Dunstone, to reveal profits slump

TalkTalk is set to unveil a two-thirds drop in profits this week after slashing prices to stem an exodus of customers. Executive chairman Sir Charles Dunstone has been forced into cutting charges to win back ground from rivals such as BT, Sky and Virgin Media.
Posted: May 19, 2018, 4:01 pm

ISP Gives Customers The Power To Ban BitTorrent

An ISP in the UK is set to introduce a voluntary customer Internet censorship scheme. Charles Dunstone, chief executive of Carphone Warehouse/TalkTalk said the company would introduce parental controls for subscribers which would include a feature to ban ...
Posted: May 12, 2018, 2:16 pm

TalkTalk rings up 10% rise in shares as City warms to turnaround

Though the company founded by chairman Sir Charles Dunstone fell to a loss of £73 million for the year to March — compared with a profit of £70 million last time — customers grew by 192,000 to 4.1 million. That was better than expected and helped ...
Posted: May 24, 2018, 4:08 am
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