Name
John Caudwell
John Caudwell
Stoke-on-Trent, United Kingdom
United Kingdom
mobile phones, Self Made
$2,300,000,000
962
#962 Billionaires 2019
John Caudwell founded mobile phone retailer Phones 4u before selling his stake in 2006 and 2011.Born into a working-class family, he and brother Brian first started selling mobile phones in 1987.Six years later the brothers founded Singlepoint, a mobile service provider that was acquired by Vodafone in 2003 for $650 million.Caudwell pumped his share of the money into Phones 4u, which grew into the U.K.'s largest independent mobile phone retailer.Three years later he sold a majority stake to Providence Equity Partners for $2.8 billion and, in 2011, unloaded the remaining 25% for $272 million.
Caudwell is dating Lithuanian cycling champion and former Olympian Modesta Vzesniauskaite. In May 2018 he was ordered to pay a former financial advisor nearly $645,000 for wrongful dismissal but claimed victory as she had sought $25.8 million.
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