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Stephen Philip Lansdown CBE (born 30 August 1952) is an English-born Guernsey billionaire. He co-founded the British financial services firm Hargreaves Lansdown with Peter Hargreaves. He is a founder of Bristol Sport and majority shareholder of Bristol Bears, Bristol Flyers, and Bristol City Football Club.

According to The Sunday Times Rich List in 2019, Lansdown is worth £1.72 billion.[1]

Career

Educated at Thornbury Grammar School in Gloucestershire and trained as an accountant,[2] Lansdown started Hargreaves Lansdown trading from a bedroom in 1981.[3]

In April 2009, he sold a stake of 4.7% in Hargreaves Lansdown for a sum of £47.2million, which he put towards the cost of building Bristol City's new football stadium.[4] He was reported in September 2012 to have announced his intention to quit Hargreaves Lansdown in November 2012.[5] Lansdown has a holiday home in the South of France.[2]

According to Hargeaves Lansdown's notifiable director deals, on 7 October 2010 he sold (at 429.00p) 13,560,843.00 shares at a value of £58,176,016.47. In 2013, he also bought basketball club Bristol Flyers. As of September 2015 his net worth was reported to be down to $1.88 billion.[6]

Lansdown sold 2.2% of his shares in Hargreaves Lansdown in April 2020 at a total value of £160 million, which reduced his stake in the firm to 7%.[7]

In August 2020 it was announced that Lansdown would receive £18.6 million in dividends after Hargreaves Lansdown's profits increased by 24% to £378.3 million in the 12 months leading up to 30 June 2020.[8][9]

Honours

Lansdown was appointed Commander of the Order of the British Empire (CBE) in the 2017 Birthday Honours for services to business and the community in Bristol.[10]

Family

He is married with two children.[2]

References

  1. ^ Times, The Sunday (12 May 2019). "Rich List 2019: profiles 53-100, featuring Mike Ashley and Bernie Ecclestone". The Times. ISSN 0140-0460. Retrieved 12 September 2019.
  2. ^ a b c Bristol's deadly duo hit the City, timesonline.co.uk, 6 May 2007.
  3. ^ Sunday Times Rich List 2009, timesonline.co.uk; accessed 17 June 2017.
  4. ^ Leroux, Marcus (16 April 2009). "Share sale puts £47m in the back of Bristol City's net". The Times. London, UK. Retrieved 17 June 2017.
  5. ^ Buckland, Rob (6 September 2012). "Lansdown to quit Hargreaves Lansdown board". Bristol24-7. Retrieved 17 June 2017.
  6. ^ "The World's Billionaires". Forbes Magazine. Retrieved 17 June 2017.
  7. ^ "HL dives as Stephen Lansdown sells £160m stake". Wealth Manager. Retrieved 14 August 2020.
  8. ^ O'Dwyer, Michael (7 August 2020). "Hargreaves Lansdown founders to share £82m payout". The Telegraph. London. ISSN 0307-1235. Retrieved 14 August 2020.
  9. ^ "Hargreaves Lansdown sees business soar during coronavirus crisis". Evening Standard. 7 August 2020. Retrieved 14 August 2020.
  10. ^ "No. 61962". The London Gazette (Supplement). 17 June 2017. p. B9.


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