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John Caudwell Net Worth: John Caudwell is an English businessman and philanthropist who has a net worth of $2.9 billion. Born John David Caudwell on October 7, 1952 in Birmingham, United Kingdom, he has accumulated his fortune in the mobile phone business. He made his career beginnings as he started to work as an apprentice at Michelin. Thus, he spent several years as engineering foreman while gaining a Higher National Certificate (HNC) in mechanical engineering. It was in 1987 that he started to sell mobile phones with his brother Brian. The two have bought 26 mobile devices from the United States and sold them for thousands each to British businessmen. Doing well, the Caudwell brothers went on to set up the mobile service provider Singlepoint in 1993, and thus they have taken on around 1.9 million contract users. One decade later, they sold the company to Vodafone for $650 million. He invested the earnings to found his mobile handset wholesaler, Phones4U, in 1996. After the company turned into a retail and distribution giant few years later, he sold a majority stake of Phones4U to Providence Equity Partners for $2.8 billion in 2006. The remaining share was sold in 2011 for $272 million. Nowadays, Mr. Caudwell is involved in investing in small to medium-sized enterprises and prime London real estate. In addition to being a successful businessman, John is also an avid sportsman and philanthropist. Most notably, he chairs the charity organization, Caudwell Children. Refusing to use offshore tax havens such as Jersey or Monaco, John Caudwell declares himself as Britain’s biggest income tax payer.

Peter Cruddas Net Worth: Peter Cruddas is an English businessman and banker who has a net worth of $1.3 billion. Peter Cruddas has accumulated his wealth as the founder of CMC Markets, a London-based online financial retailer, where he also serves as CEO. He was born on 30 September 1953 in Hackney, London. Cruddas was only 15 when he left Shoreditch Comprehensive without any qualifications. Nevertheless, the following year he managed to find a job as a telex operator in London for the Western Union. After gaining enough experience, he finished with Western Union and relocated to the foreign currency department of various financial institutions including Marine Midland and Bank of Iran. He left his career as a foreign exchange dealer in 1989 to start his own company, today’s CMC Markets, with an investment of about £10,000. Now, the company is worth more than £1.2 billion and is making a big success in the business of foreign currency exchange. A great supporter of the Conservative Party, it was in 2012 that became the co-treasurer of the Party. But after the The Sunday Times reported that the British Prime Minister David Cameron and the chancellor George Osborne received an offer from Cruddas for cash donation of about £250,000, he resigned from his post as the co-treasure. In 2013, he filed a defamation case against the Sunday Times. Cruddas demanded a libel and the court awarded him about £180,000 for the defamation case. A great philanthropist as he is, he formed “Peter Cruddas Foundation” to help children who come from poor background to advance in society. Several famous people chaired his foundation, including Baron Young of Graffham and David Young.

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