James Hay (entrepreneur) explained

James Hay
Birth Date:1950 6, df=yes
Birth Place:Glasgow, Scotland
Education:University of Strathclyde (BSc and PhD)
Founder and chairman, JMH Group
Spouse:Fitriani Hay
Children:2 daughters

James "Jim" Hay (born 7 June 1950) is a Dubai-based Scottish businessman. He is the chairman of Dubai-based JMH Group, a private family business operating in the construction and luxury goods markets.[1] Hay and his wife Fitriani are racehorse owners and trainers, and significant donors to the Conservative Party.

According to The Sunday Times Rich List in 2019, he is worth £325 million.[2]

Early life

Hay was born in Glasgow. He studied there at the University of Strathclyde, earning a bachelor's degree and PhD in applied chemistry.[3] In 2013 he was welcomed to the ‘Strathclyde Academy of Distinguished Entrepreneurs’ for his work with the JMH Group/Fosroc.[4]

Career

In 1975, Hay joined BP as an engineer and went on to spend 27 years there.[5] He went on to become a senior executive at BP.[6]

In 2002, Hay founded the JMH Group, a private business which in 2014 was reported as having turnover in excess of $600m.[7] [8] He is chairman of JMH Group which includes Fosroc as well as luxury goods brands Ray Ward, Bernard Wetherill (Savile Row men's outfitters) and Fitriani (women's fashion design and retailer).

Hay acquired construction company Fosroc.[9]

Horse racing

In 2006 Hay purchased Uplands, The Lambourn Yard from John and Lavinia Taylor.[10] In 2008 the Hay family were reported to have topped the list of buyers at South Africa’s yearling sales.[11]

In 2011, they purchased a share in Irish Derby and Champion Stakes winner Cape Blanco and four-time Group 1 winner Fame and Glory.[12] [13] Fame and Glory went on to win the 2011 Ascot Gold Cup, on a day when the Hays were invited to join the Queen's Royal procession in open-topped carriages from Windsor Castle.[14]

Birch Grove

In 2011, Hay and his wife Fitri purchased Birch Grove, the former home of Harold Macmillan in West Sussex. The estate includes a private golf course.[14]

Personal life

On 25 August 1996, Hay married Fitriani "Fitri".[15] [16] Fitriani was born in Jambi, Sumatra, Indonesia.[16] They live in Dubai, and have two daughters.[15] [16]

In 2015, Fitriani Hay was the second-largest donor to the British Conservative Party, with £66,850.[17] In 2017, she had donated £125,000.[18] In 2022, she was the largest single donor to Liz Truss's leadership campaign, with £100,000.[19]

Notes and References

  1. Web site: Jim Hay Bio. University of Strathclyde. 5 September 2014. https://web.archive.org/web/20141006093912/http://www.strath.ac.uk/alumni/strathclydepeople/sade/drjameshay/. 6 October 2014. dead.
  2. News: Rich List 2019: profiles 351-399=, featuring the Queen, Elton John and David Beckham. Times. The Sunday. 2019-05-12. 2019-11-07. en. 0140-0460.
  3. Web site: Jim Hay Bio. University of Strathclyde. 5 September 2014. https://web.archive.org/web/20141006093912/http://www.strath.ac.uk/alumni/strathclydepeople/sade/drjameshay/. 6 October 2014. dead.
  4. Web site: Jim Hay Wins Award at 2013 Event . University of Strathclyde.
  5. Web site: Strathclyde People Spring 2009. Strath.ac.uk. 5 September 2014. dead. https://web.archive.org/web/20150924111125/http://www.strath.ac.uk/media/ps/alumni/strathclydepeople/SP_Spring_09_for_web.pdf. 24 September 2015. dmy-all.
  6. Owner plans to make hay at Uplands. The Telegraph. 16 August 2006. London. Marcus. Armytage. 5 September 2014.
  7. Web site: Strathclyde People Spring 2009. Strath.ac.uk. 5 September 2014. dead. https://web.archive.org/web/20150924111125/http://www.strath.ac.uk/media/ps/alumni/strathclydepeople/SP_Spring_09_for_web.pdf. 24 September 2015. dmy-all.
  8. Web site: JMH Group Company Overview. Bloomberg Business Week. https://archive.today/20140905100459/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=23090874. dead. 5 September 2014. 5 September 2014.
  9. Web site: Fosroc Company Overview . The Construction Index.
  10. Uplands to Change Hands. The Telegraph. 3 August 2005. London. Marcus. Armytage. 5 September 2014.
  11. Foreigners scoop SA bloodstock cream. MoneyWeb. 5 April 2008. Alec. Hogg. 5 September 2014.
  12. Web site: Tom Tate Parts Company with Jim & Fitri Hay . Racing Post.
  13. Web site: NTRA Bio on Jim Hay . Racing Post.
  14. Carole Middleton’s racehorse-owning friend Dr Jim Hay buys Harold Macmillan’s former home. The Telegraph. 6 November 2011 . https://web.archive.org/web/20111106232734/http://www.telegraph.co.uk/property/propertynews/8872070/Carole-Middletons-racehorse-owning-friend-Dr-Jim-Hay-buys-Harold-Macmillans-former-home.html. dead. 6 November 2011. Richard. Eden. 5 September 2014.
  15. News: Wood . Greg . Jim Hay hopes to bring peace to warring Coolmore and Darley factions . 8 September 2022 . The Guardian . 24 March 2011.
  16. News: McQueen . Catherine . In conversation with Fitri and James Hay Racing’s Golden Couple . 8 September 2022 . Ccercle . 26 December 2019.
  17. News: Singh . Arj . Tory election war chest swelled by business chiefs - and biggest one's named Mr Tory . 8 September 2022 . The Daily Mirror . 16 April 2015.
  18. News: Taylor . Joshua . Faces of the mega-rich Tory donors helping raise £19,000 an hour to get Theresa May back into power . 8 September 2022 . The Daily Mirror . 2 June 2017.
  19. News: Allegretti . Aubrey . Liz Truss reveals campaign donation of £100,000 from wife of ex-BP executiv . 8 September 2022 . The Guardian . 8 September 2022.

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