Born:
March 24, 1947
in
London
Best Known For:
Amstrad and The Apprentice.
Early-life:
Alan Michael Sugar was born in Hackney, London, on March 24, 1947. He is the son of a tailor. After leaving school at the age of 16, Alan briefly worked as a civil service statistician, before deciding to go into business for himself. He started small, selling items such as lighters, aerials and intercoms out of a van he bought with £50 savings. Five years later, he founded the electronics company Amstrad; he sold his shares in the firm in 2007.
Career:
Sugar undercut many of his competitors in the electrical industry and, by the 1980s, the company was doubling its stock value every year. Unfortunately, the next decade proved tougher, and Sugar subsequently branched out into communications, buying Betacom and Viglen. He also invested in Tottenham Hotspur FC but sold most of his shares in 2001. Sugar created Amsair, a fleet of jets run by his son Daniel. Sugar's business interests also include property speculation. In 2005, he began fronting the British version of US reality show The Apprentice. He has appeared on Room 101 and a celebrity edition of Who Wants to Be a Millionaire? and has had cameos in Doctor Who and a special episode of EastEnders for Children in Need.
Quote:
"Once you decide to work for yourself, you never go back to working for somebody else."
Trivia:
Sugar was knighted in 2000 for his services to business, and in 2009 he became Baron Sugar of Clapton. His niece is actress Rita Simons, who is best known for playing Roxy in EastEnders.