Martin Penny’s biography, fact, career, awards, net worth & life story

  • Source of Wealth: Haircare products (Good Hair Day)
  • Age: 66
  • Birth Place: Glasgow, United Kingdom
  • Marital Status: Married
  • Full Name: Martin Penny
  • Nationality: British
  • Date of Birth: February 1953
  • Ethnicity: English
  • Occupation: Businessman
  • Education: Leeds University

Penny was one of three co-founders of Good Hair Day, set up in 2001. He invested £15,000 in the business after a hairdresser friend showed him the styling iron he had been sent by a Korean inventor.

Celebrity endorsements have boosted sales of GHD’s range of products. In 2007, a £160m management buyout was launched by Penny, backed by Montague Private Equity.

He made more than £21.3m from selling down his stake but left its Skipton parent company, Jemella Group, in 2008. The Sunday Times Rich List valued his net worth at £62 million.

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