Steve Lansdown Explained

Steve Lansdown
Birth Name:Stephen Philip Lansdown
Birth Date:30 August 1952
Birth Place:Bristol, England
Education:Thornbury Grammar School
Known For:Owner of Bristol City, Bristol Bears and Bristol Flyers
Children:2
Honours:Commander of the Order of the British Empire (2017)

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.

Family

He is married with two children.[2]

External links

Notes and References

  1. News: Rich List 2019: profiles 53-100, featuring Mike Ashley and Bernie Ecclestone. Times. The Sunday. The Times. 2019-05-12. 2019-09-12. en. 0140-0460.
  2. http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article1751671.ece Bristol's deadly duo hit the City
  3. http://business.timesonline.co.uk/tol/business/specials/rich_list/rich_list_2009/article6068991.ece Sunday Times Rich List 2009
  4. News: Share sale puts £47m in the back of Bristol City's net. The Times. 16 April 2009. 17 June 2017. London, UK. Marcus. Leroux.
  5. News: Buckland. Rob. Lansdown to quit Hargreaves Lansdown board. 17 June 2017. Bristol24-7. 6 September 2012.
  6. News: The World's Billionaires. Forbes Magazine. 17 June 2017.
  7. News: HL dives as Stephen Lansdown sells £160m stake. en. Wealth Manager. 2020-08-14.
  8. News: O'Dwyer. Michael. 2020-08-07. Hargreaves Lansdown founders to share £82m payout. en-GB. The Telegraph. London. 2020-08-14. 0307-1235.
  9. Web site: 2020-08-07. Hargreaves Lansdown sees business soar during coronavirus crisis. 2020-08-14. Evening Standard. en.