Lloyd Dorfman

About Lloyd Dorfman

Birth Day: August 25, 1952
Birth Place: United Kingdom
Birth Sign: Virgo
Residence: London
Occupation: Businessman
Known for: Founder of Travelex
Spouse(s): Sarah Dorfman

Lloyd Dorfman Net Worth

Lloyd Dorfman was bornon August 25, 1952 in United Kingdom. Founded a small currency-exchange shop in central London more than 30 years ago; built Travelex into the world's largest foreign-exchange specialist, with operations in 31 countries. Sold a majority stake to private equity firm Apax Partners in 2005; still holds 30%. Ceded his chief executive role that same year but remains chairman. In January made 34-year-old, Peter Jackson, chief executive. Sponsors London's National Theatre to help lower ticket prices.

💰 Net worth: $1.2 Billion

Some Lloyd Dorfman images

Awards and nominations:

In 2001 Dorfman was the winner of the Consumer Business Category in the UK "Entrepreneur of the Year" awards sponsored by Ernst & Young, Citibank and The Times. In 2002 he received the British American Chamber of Commerce's UK Entrepreneurial Award, and the Institute of Economic Affairs' Free Enterprise Award. In 2007 he received the Honorary Australian of the Year in the UK award.

In 2008 Dorfman was appointed CBE in the Queen's Birthday Honours list for services to business and charity. In 2011, he was awarded The Prince of Wales Medal for Arts Philanthropy. He is an honorary fellow of St Peter's College, Oxford and an Honorary Bencher of Lincoln's Inn. He was awarded an honorary doctorate by Buckingham University in 2016.

Biography/Timeline

1976

In 1976, Dorfman started his own currency exchange Business from one small shop based in Southampton Row in central London. The company spread to ports overseas, initially in the Netherlands and Belgium. In 1986, Dorfman won Travelex a landmark contract as the first non-bank foreign exchange provider at the newly opened Heathrow Terminal 4. The company expanded into airports worldwide, opening in the USA in 1989 shortly followed by Australia in 1990.

2001

In 2001 Dorfman was the winner of the Consumer Business Category in the UK "Entrepreneur of the Year" awards sponsored by Ernst & Young, Citibank and The Times. In 2002 he received the British American Chamber of Commerce's UK Entrepreneurial Award, and the Institute of Economic Affairs' Free Enterprise Award. In 2007 he received the Honorary Australian of the Year in the UK award.

2003

Travelex pioneered sponsorship deals including Travelex Cheap Ticket Season at the National Theatre, as well as sponsoring the winning World Cup teams for Australian Cricket in 2003 and England Rugby the same year.

2005

In addition, he is a trustee of the Royal Opera House, of the Royal Academy Trust and of JW3; deputy chairman of the Community Security Trust, and was a governor of St Paul's School from 2005 to 2016.

2007

He was also on the board of the Royal National Theatre from 2007 to 2015, and the National Theatre's Cottesloe was renamed the Dorfman Theatre in 2013 following a gift of £10 million towards the National Theatre Future redevelopment project.

2008

In 2008 Dorfman was appointed CBE in the Queen's Birthday Honours list for services to Business and charity. In 2011, he was awarded The Prince of Wales Medal for Arts Philanthropy. He is an honorary fellow of St Peter's College, Oxford and an Honorary Bencher of Lincoln's Inn. He was awarded an honorary doctorate by Buckingham University in 2016.

2010

Dorfman is a minority shareholder in The Office Group, the British pioneers of co-working spaces. He was previously chairman and majority shareholder of the company from 2010 to 2017, before a £500 mn deal with Blackstone in June 2017. The Group has over 30 buildings across central London. Its clients include thousands of small businesses and start-ups as well as larger companies. In 2014, he co-founded and became chairman of Doddle, a Retail Business enabling people to collect, return and send their online shopping from train stations and elsewhere. Dorfman is also a lead investor and board member of the London Theatre Company.

2011

Travelex sold its card programme management Business to MasterCard for £290 million in 2011, and then its Global Business Payments to Western Union for £606 million. In 2014, an agreement was reached to sell Travelex to shareholders in Abu Dhabi, Dorfman however, still retains a 5% shareholding.

2017

In 2017, following a gift from the Dorfman Foundation, the Royal Academy announced the launch of two new international architecture awards, and the restoration of the Senate Rooms in Burlington Gardens to house a new architecture space and café.

2019

Dorfman is chairman of youth and enterprise charity the Prince’s Trust, having joined the charity's Council in 2007. He is also the chairman of Prince’s Trust International, which aims to help unemployed young people around the globe into education, training and work.