Peter Cruddas Net Worth is
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Peter Andrew Cruddas (born 30 September 1953) Peter Andrew Cruddas (born 30 September 1953) Peter is an English banker and businessman, and philanthropist. He is the founder and majority shareholder (through his family holding) of online trading company CMC Markets. In December 2007 Peter sold ten per cent of CMC Markets to Goldmans Sachs that valued the company in excess of A?1.1 billion. Peter and his family still own in excess of 88 per cent of the company. In the 2007 Sunday Times Rich List, he was named the richest man in the City of London, with an estimated fortune of A?860 million. As of March 2012, Forbes estimated his wealth at $1.3 billion. Cruddas claims to have invented the first on line trading platform in Europe for buying and selling financial products when he launched the market maker platform in 1996.
In February 2011 Peter was appointed Treasurer of the No2AV campaign; the referendum campaign against a change in the UK voting system. The a??NOa?? campaign won 68 per cent of the referendum vote in May 2011 to maintain the existing voting system in the UK. Following this successful campaign Cruddas was appointed Conservative Party co-treasurer in June 2011. In January 2012 he was elevated to Treasurer of the Conservative Party, a main board member and a member of the Conservative Party Finance and Audit Committee.
In March 2012 on its front page story it was alleged by The Sunday Times that Cruddas had offered access to the Prime Minister David Cameron and the Chancellor George Osborne, in exchange for cash donations of between A?100,000 and A?250,000. Cruddas resigned the same day. The story was billed as a??cash for accessa?? In July 2013, Cruddas successfully sued the Sunday Times and its two journalists Heidi Blake and Jonathan Calvert for libel and malicious falsehood http://en.wikipedia.org/wiki/Malicious_falsehood over its coverage of him, which the High Court found had been defamatory. http://www.bailii.org/cgi-bin/markup.cgi?doc=/ew/

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Peter Cruddas Latest News

Brexit and Tory backer Peter Cruddas in line for peerage

Boris Johnson has nominated Tory donor and Brexit-backer Peter Cruddas for a peerage after the City tycoon donated millions of pounds to the causes, it is understood. The former Tory party treasurer ...
Posted: February 6, 2020, 3:53 pm

City grandee Peter Cruddas in line for a peerage

Peter Cruddas will reportedly be granted a peerage as Boris Johnson adds to the Brexit-supporting Conservatives in the House of Lords. Cruddas, who is the co-founder and chief executive of CMC Markets ...
Posted: February 6, 2020, 10:28 am

City tycoon Cruddas to join Tory Brexiteers in House of Lords

Peter Cruddas, one of the City’s richest men, is to be handed a seat in the House of Lords as Boris Johnson swells the ranks of Brexit-backing Conservatives in the upper chamber. Sky News can ...
Posted: February 6, 2020, 8:59 am
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