Peter Cruddas

About Peter Cruddas

Birth Day: September 30, 1953
Birth Place: United Kingdom
Birth Sign: Libra
Residence: Monaco, Hertfordshire and Antibes
Education: Shoreditch Comprehensive
Occupation: Banker and businessman
Years active: 1979–present
Spouse(s): Fiona Cruddas
Children: 4 (2 from each marriage)

Peter Cruddas Net Worth

Peter Cruddas was bornon September 30, 1953 in United Kingdom. Peter Cruddas founded CMC Markets, a London-based online financial retailer, and serves as CEO. He dropped out of the Shoreditch School at age 15 and started his business a few years later with $16,000 in savings. Over the years he expanded the company and sold a 10% stake to Goldman Sachs in 2007, reportedly for more than $100 million. Cruddas has received honorary degrees from Oxford and Loughborough universities for being a leader in his field as well as for his philanthropic efforts through the Peter Cruddas Foundation, which helps disadvantaged youths discover their potential through education and sports. Cruddas is co-treasurer of the Conservative Party and an avid golfer.
Peter Cruddas is a member of Finance

💰 Net worth: $1.3 Billion

Some Peter Cruddas images

Famous Quotes:

The Boy Scouts enabled me to escape a violent home situation and the inner city. I sincerely believe that I would not be where I am today had I not become a member.

Biography/Timeline

1989

By 1989, Cruddas was the head foreign exchange dealer at the City of London branch of the Jordanian-based Petra Bank. He left the same year to set up his own Business, starting CMC Markets with £10,000 in the bank. CMC Markets is currently valued at between £750 million and £1.2 billion.

2009

Cruddas was resident in Monaco for a period until March 2009, commuting daily from an apartment on Avenue de Spélugues to London City Airport. In an interview in early 2011 he stated that he had: "A £10m apartment in Monaco, a £5m house in Hertfordshire, a house in Antibes, a yacht and a private jet." He plays golf with a low handicap, composes quatrains, and supports Arsenal F.C.

2011

Cruddas was appointed Conservative Party co-treasurer in June 2011 alongside Lord Fink, effectively the party's chief fund raiser, in succession to Billionaire property tycoon David Rowland.

2012

In July 2012, the ConservativeHome blog reported that Cruddas was suing the Sunday Times for libel over its coverage of him. In June 2013, the High Court ruled in his favour and found that the Sunday Times' articles had been defamatory. He was awarded £180,000 in damages on 31 July.

2013

In total, it is believed that Cruddas has donated over £350,000 to the Conservative Party. On 31 July 2013 on the BBC's Newsnight programme he stated that he had donated over £1,000,000. He donated £100,000 in the last quarter of 2010 and £50,000 in the first week of the 2010 general election campaign.

2016

In 2016, Cruddas and his wife Fiona paid £42 million in cash for Balfour House a seven-storey Victorian mansion close to Park Lane in London's Mayfair, formerly owned by the Iranian-born art dealer Nasser Khalili, who lived there for 22 years.

2019

Cruddas supported the Royal Opera House and The Royal Ballet, and after becoming a member of the Chairman’s Circle, in March 2012 was invited to become a Trustee and join the Board of the Royal Opera House.