David Sainsbury Baron Sainsbury Turville Net Worth is$1.1 Billion
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Profession: Politician | Businessperson
Date of Birth: 1940-10-24
David Sainsbury Net Worth: David Sainsbury is a British businessman and politician who has a net worth of $1.1 billion. Born David John Sainsbury on 24 October 1940, he acquired the most of his wealth as an heir of the largest part of the family's stake in the public company Sainsbury's that was founded by his grandfather, John James Sainsbury, in 1869. More exactly, David succeeded a $38 billion share (in sales) of Sainsbury's, one of the UK's largest supermarket chains today. Whereas the group has seen evident expansion into insurance, banking and travel business over the years, David eventually withdrew from the company to enter into politics. It was back in 1963 that he joined Sainsbury's personnel department, after which he gradually climbed the corporate ladder becoming a director in 1966 and serving as a Financial Controller from 1971 to 1973. Next, he became the group's Finance Director from 1973 to 1990, a period in which the company advanced rapidly, and in 1992 he turned from Deputy Chairman into Chairman, holding the post until 1998. Being named a life peer in 1997, he started to serve in the government as the Minister for Science and Innovation one year later. Having resigned from the position in 2006, Sainsbury currently sits in the House of Lords as a Labour Party member. Also, on October 16, 2011, he was elected as the Chancellor of the University of Cambridge.
David John Sainsbury, Baron Sainsbury of Turville, FRS (born 24 October 1940), is a British businessman and politician. From 1992 to 1997, he served as the Chairman of Sainsbury's (a supermarket chain established by his great-grandfather John James Sainsbury in 1869). He was made a life peer in 1997, and currently sits in the House of Lords as a member of the Labour Party. He served in the government as the Minister for Science and Innovation from 1998 and 2006.
On 16 October 2011, he was elected the Chancellor of the University of Cambridge.


He is the son of Sir Robert Sainsbury and Lisa van den Bergh. His elder sister was Elizabeth (Elizabeth Clark 19 Jul 1938 ??? 14 Aug 1977) and his younger sisters are Celia and Annabel. He is the nephew of Lord Sainsbury. His cousins are the Conservative peer Lord Sainsbury of Preston Candover, Simon Sainsbury, and former Tory MP Sir Tim Sainsbury. His great-grandparents, John James Sainsbury and Mary Ann Staples, established a grocer's at 173 Drury Lane in 1869 which became the British supermarket chain Sainsbury's.
He attended Eton College before going on to the University of Cambridge, where he earned a degree in History & Psychology at King's College. He then completed an MBA at Columbia Business School in the United States.
He and his wife Susie (a former teacher) have three daughters.
He lives in the Manor of Turville in Turville, Buckinghamshire. The Manor once belonged to the abbey at St Albans, but was seized by the Crown in the Dissolution of the Monasteries in 1547. The manor house has since been rebuilt as Turville Park, a fine stately home in the village.
He was made a life peer as Baron Sainsbury of Turville in the County of Buckinghamshire in 1997, following the Labour Party's election victory.
On 10 September 2007, he was awarded an honorary degree in science by University College London and in 2008 he was awarded an honorary degree in science by the University of Bath.
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David Sainsbury Baron Sainsbury Turville Latest News

TIMELINE - Key events in Sainsbury's history

1997 - In October David Sainsbury, Chairman of J Sainsbury Plc, becomes Lord Sainsbury of Turville. 2000 - In the new millennium Homebase and Shaws Supermarkets are sold and the focus changes to the core UK business, comprising Sainsbury Supermarkets ...
Posted: November 4, 2007, 4:00 pm

Sainsbury: Labour's lab lord

The life and career of Lord Sainsbury of Turville contain all the ingredients of a juicy scandal ... any one of which might have been enough to end a political career, seems to have done David Sainsbury much long-term harm. When asked about the early ...
Posted: July 18, 2006, 5:00 pm

Who wants to be a billionaire? I don't

The supermarket billionaire and Labour peer, David, Baron Sainsbury of Turville, last year became the first person in Britain to have donated £1bn to charity. His Gatsby Charitable Foundation, which he founded in 1967, is a grant-giving organisation which ...
Posted: July 16, 2010, 4:00 pm
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