Alan Sugar is a British businessman, media personality, and politician. Sugar is best known for founding the electronics company Amstrad in 1968, which produced a range of products including computers, audio equipment, and satellite receivers.
Sugar was the chairman and part-owner of Tottenham Hotspur from 1991 to 2001, selling his remaining stake in the club in 2007 as well, for £25m.
He is also known for being the host and “Boss” of the BBC reality competition series The Apprentice, which has been broadcast every year, with the exception of 2020, since 2005.
According to the Sunday Times Rich List, Sugar became a billionaire in 2015. In 2021, his fortune was estimated at £1.21bn, ranking him as the 138th-richest person in the UK.
Is Alan Sugar a millionaire or billionaire?
Alan Sugar is a billionaire. As of 2021, his net worth was estimated to be around £1.2 billion ($1.6 billion USD). He accumulated his wealth through his successful electronics company, Amstrad, as well as his property investments, media ventures, and other business interests.
Sugar was created as a life peer of Baron Sugar, of Clapton in the London Borough of Hackney on 20 July 2009.
On 29 October 2015, Sugar was listed by UK-based company Richtopia at number 5 in the list of 100 Most Influential British Entrepreneurs. In 2017 he ranked number 1 in the Essex Power 100 list and was named the most powerful person in Essex.