John Caudwell

About John Caudwell

Birth Day: October 07, 1952
Birth Place: Stoke-on-Trent, United Kingdom, United Kingdom
Birth Sign: Scorpio
Residence: Stoke-on-Trent, England
Education: Berry Hill High School, Stoke-on-Trent
Occupation: Businessman
Years active: 1973–present
Known for: Mobile phone business
Spouse(s): separated
Children: 5

John Caudwell Net Worth

John Caudwell was bornon October 07, 1952 in Stoke-on-Trent, United Kingdom, United Kingdom. Born into a working-class family, John Caudwell started selling mobile phones with his brother, Brian, in 1987. Six years later the brothers founded Singlepoint, a mobile service provider. By the time Vodafone acquired it in 2003 for $650 million, the firm had 1.9 million customers. Caudwell pumped his share of the money into Phones 4u, which grew into the U.K.'s largest independent mobile phone retailer. He flipped it three years later, selling the majority stake to Providence Equity Partners for $2.8 billion. In 2011, he sold his remaining 25% stake for $272 million. Three years later, he watched the business collapse abruptly when a number of networks decided to stop selling through Phone 4u's stores. PwC, administrator of the failed firm, is reportedly planning a legal action worth more than $1 billion against Vodafone, EE and O2, accusing the mobile operators of colluding to force Phones 4u's demise. Today Caudwell invests in real estate, fitness clubs and other industries. Starting in 2015, three former employees of Caudwell's businesses have sued him over claims that he wrongfully fired them to recoup shares worth millions or avoid paying bonuses. He declined to comment on the suits but has denied all allegations in press reports. Caudwell is dating Lithuanian cycling champion and former Olympian Modesta Vzesniauskaite.
John Caudwell is a member of Telecom

💰 Net worth: $2.5 Billion (Updated at 22 June 2018)

2009 $1.6 Billion
2010 $1.8 Billion
2011 $1.9 Billion
2012 $2.6 Billion
2013 $2.6 Billion
2014 $2.8 Billion
2015 $2.6 Billion
2016 $2.4 Billion
2017 $2.2 Billion
2018 $2.59 Billion

Some John Caudwell images

Biography/Timeline

1986

In 1986 Caudwell became aware of the first of the then new mobile phones and discovered that there were large profit margins possible, so contacted the American handset maker Motorola to see if he could do a deal.

1987

With his brother Brian, in 1987 Caudwell registered Midland Mobile Phones as a mobile phone wholesaler, taking 26 Motorola mobiles at £1,350 each. It took 8 months to sell these 26 phones to local plumbers, taxi drivers and television repairmen at a price of £2,000 each. The company made a loss every month for the first two years of operations.

1991

Developing from a small dealership to a wholesale distributor, however, turnover expanded to £13 million in 1991, making it the UK's largest independent distributor of mobile phones. Turnover increased from £13 million in 1991 to over £1 billion in 2000. In 1996 and 1997, the Caudwell Group was named the UK's fastest-growing company for two years in succession.

1999

In 1999, Caudwell was appointed as the President of the North Staffordshire branch of the NSPCC, and became the regional representative for the Full Stop campaign. Of the appointment, he says: "I was initially approached by the NSPCC to sponsor a cricket match. As is my way I got stuck in, took the whole thing over and was determined to raise as much money as I could." He was inspired to help children because of this experience: "I went to one of the NSPCC's centres and met some of the children who had been victims of cruelty and sexual abuse and it really opened my heart to helping children."

2000

Caudwell founded the charity Caudwell Children in 2000. It became a national charity in 2006, and as of 2016 Caudwell is the chairman of the board of Trustees. Of the charity, he said: "I wanted to make sure that every penny that was raised would be put to the best use and spent on the children that needed it. My family puts about £2 million a year towards Caudwell Children. In addition I put in a lot of my time and I do a lot of networking. [But] the truth is my fortune isn't enough to help all the children that need help." The charity has proved controversial because it promotes unproven and dubious health practices and has aligned itself with antivaccinationists. The National Autistic Society asked Caudwell's charity to remove claims from its website that it had the society's support.

2001

Caudwell was married to Kate for 25 years, ending in 2001. They had three children. He then had a relationship with Violinist Jane Burgess, with whom he had a daughter. He was then in a long term relationship with Claire Johnson for 15 years, with whom he has a son, but it was reported in October 2014 that they had separated.

2003

By 2003, the Caudwell Group employed over 8,000 people worldwide and was selling 26 phones every minute.

2006

A bull market player by nature, Caudwell could see the end of the growth days looming. In 2003 he sold Singlepoint to Vodafone for £405m (then $648m). Caudwell completed the sale of the wider Business on 26 September 2006, when it was revealed that the Caudwell Group had been sold for a £1.46 billion to private equity firms Providence Equity Partners and Doughty Hanson.

2010

In April 2010, Caudwell donated £2000 to Conservative MP Bill Cash's general election fund.

2011

In October 2011, he made a "significant" six-figure donation to the Middleport Pottery (one of the last working Victorian pot banks in Britain) in Stoke-on-Trent, through The Prince's Regeneration Trust. In October 2012, Caudwell was one of three principal private donors for the London's Bomber Command Memorial Appeal.

2012

Caudwell has been awarded accolades for his philanthropic efforts. On 8 December 2012 at The Noble Gift Gala, he was presented with The Noble Gift Philanthropreneur Award by Hollywood Actress Eva Longoria for his dedication to charity work.

2013

Caudwell's intention – for which he has applied for planning permission – is to replace the car park with super-prime residential apartments and town houses described by him as being in the style of "grand Mayfair architecture". Caudwell has a rigid belief that completion of his iconic apartment block, in place of a multi-storey car park widely considered to be a blight on the local skyline, Audley Square could become a desirable living addresses and will represent the heart of ‘Mayfair Village’.