Alan Sugar Net Worth: Journey To Success

Alan Michael Sugar, ,Baron Sugar is a British entrepreneur, author and politician, he was born on the 24^th of March 1947, at Hackney, east of the British capital. He currently resides in Chigwell, Essex in the U.K. The seventy-two year old is believed to be of Jewish origin, being an atheist.

By 2016 he was estimated to having a net worth of about £1.15 billion, ranking him as the 95^th wealthiest U.K citizen, after selling his stake of the consumer electronics company, Amstrad which he created in 1968. He also got to be the executive chairman and co-owner of the English football club Tottenham hotspur, for a period of ten years, from 1991 to 2001, before also selling his total stake of the club for £25 million.

Apart from being a business man and an entrepreneur, Sugar is a celebrity figure after, becoming a star of the British Television series, The Apprentice. It is a television series that presents a competitor atmosphere, where candidates are evicted each week, until one is remaining, the winner is granted the opportunity to be employed into Sugar’s company, until 2011, when it was changed to be that, the winner of the series be granted a partnership deal with Sugar, and receive the whooping sum of £250,000 to aid finance the establishment of their own new business or firm.

Lord Sugar also took part in the junior version of the Apprentice, called the Young Apprentice, it aired first on the 12^th of May 2010, it was a show also like its senior version, meant to select a winner from the contestants, who would acclaim the sum of £25,000, the British reality show saw the admission of twelve participants of age between just sixteen and seventeen years of age.

Another part of the British billionaire was that of being a political figure, he was a member of the Labour Party from 1997 to 2015, where he acclaimed the title `Lord’ , during the prime minister Gordon Brown’s cabinet re-shuffle in June 2009, which saw him offered the job of the government’s enterprise Champion before joining the independent party. He later stated publicly the non-political nature of his new appointment, and explained it to be a agenda to voluntarily assist entrepreneurs and various businesses.

Sugar is also the holder a two honorary doctorates of science, and was knighted in appreciation for his services to the home computer and electronics company. He also got to be addressed as Baron Sugar of Clapton, in the London borough of Hackney, in July of the year 2009.

In contrary of the popular phrase, Jack of all trades, master of non, Sugar can clearly be described as one who had passion for several involvements, and consequently was not afraid to exploit these likings. His passion for so many different things were not made to be in negation with the other, as he simply striven to get the best out of himself, and the various opportunities presented him.

He probably is a role-model to many, and being successful, also derived interest in giving back to the community, seen by his numerous philanthropic gestures, enlightening young minds to assist them in becoming better and to grow, as a result of his huge level of experience, and also using his power and position, in assisting businesses to grow and develop. In line with the adage saying, that to whom much is given, much is expected, he saw his position as a possible means of improving his community, and people around him, that by the various aids he could offer, his impact could greatly affect the society in the world in general.

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