Philip Green Net Worth is$5 Billion
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Philip Green net worth: Philip Green is a British businessman who has a net worth of $5 billion. Philip Green is currently the CEO of Arcadia Group, a retail giant that includes Topshop, BHS and Dorothy Perkins. Green quit school at the age of 15 to work as shoes importer. Thus, he was travelling across the United States, Europe and the Far East, eventually getting the idea to start his own business. When he returned to the UK, Green borrowed ?20 000 to set up his first deal importing jeans and selling these to retailers in London. It was in 1979, when he purchased a big stock of clothing at extremely low prices, and he decided to open his own store. Nine years later Green became Chairman of Amber Day, a retailing company listed on the Stock exchange. As the years passed, he bought the chain stores Owen Owen and Olympus Sports. Green made a good deal out of the latter, which he sold to JJB Sports for ?550 million three year after the purchase. In 1999, he made a name for himself thanks to hostile takeover's attempt on Marks and Spencer, an acquisition which was blocked by the board of directors of the most famous British chain stores. But this didn't stop him from taking over British Home Stores (BHS) one year later. Then in 2012, it was Arcadia Group's turn, while recently he took the Etam's chain in his possession. Thanks to his wise business moves, Philip Green has become one of Britain's richest, known for his commercial success and unconventionality.
Sir Philip Green (born 15 March 1952) is a British businessman and the CEO of the Arcadia Group, a retail giant that includes Topshop, BHS and Dorothy Perkins.
Philip Green was born on 15 March 1952 in Croydon, in South London, the son of a successful Jewish property developer and retailer. He has a sister, Elizabeth, five years his senior. His family moved to Hampstead Garden Suburb, a middle-class enclave in north London, and at the age of nine he was sent to the now-closed Jewish boarding school Carmel College in Oxfordshire. When his father died of a heart attack, Philip was in line to inherit the family business at the age of twelve. After leaving boarding school at 15, he worked for a shoe importer before travelling to the US, Europe and the Far East. It was on his return that he set up his first business with a A?20,000 loan, importing jeans from the Far East to sell on to retailers in London.
In 1979, Green bought up the entire stock of ten designer label clothes sellers who had gone into receivership for extremely low prices. He then had the newly bought clothes sent to the dry cleaners, got them put on hangers, wrapped them in polythene to make them look new, and then bought a place to sell them to the public.
In 1988, he became Chairman and Chief Executive of a quoted company called Amber Day, a discount retailer. The shares performed well, but then suffered a series of profit downgrades and in 1992 he resigned when the company failed to meet its profit forecast. He has not led a quoted company since, instead working with other entrepreneurs, including Tom Hunter (a sports shoe millionaire and one of the richest men in Scotland) and the Barclay brothers, to help fund his entrepreneurship.[citation needed]
In the early 1990s Green bought the department store chain Owen Owen which at the time had about 12 branches trading under the Owen Owen and Lewis's brand names. During his ownership, most of these department stores were sold to other operato

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Philip Green Latest News

Sir Philip Green: MPs approve stripping BHS ex-chief of knighthood

MPs have backed a call for former BHS owner Sir Philip Green to be stripped of his knighthood. The motion is not binding as any final decision would have to be taken by the Honours Forfeiture Committee. BHS was sold by Sir Philip last year, but then ...
Posted: October 20, 2016, 11:37 pm

'Billionaire spiv' Sir Philip Green beat BHS 'black and blue', say MPs

Disgraced tycoon Sir Philip Green was denounced as a "billionaire spiv", a "Napoleon" and a "Robert Maxwell" by MPs as they approved an amendment to have him stripped of his knighthood. They said the businessman did not deserve the honour after he "robbed ...
Posted: October 21, 2016, 7:31 am

MPs back stripping Philip Green of knighthood over BHS collapse

LONDON British lawmakers backed stripping billionaire Philip Green of his knighthood over the collapse of BHS department store, in a symbolic move on Thursday that will raise pressure on the tycoon over his promises to resolve the company's pension problems.
Posted: October 20, 2016, 7:52 am
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