David Sainsbury Net Worth

How much is David Sainsbury Worth?

in Richest BusinessmenRichest Billionaires
David Sainsbury net worth:
$1.1 Billion

David Sainsbury Net Worth: David Sainsbury is a British businessman and politician who has a net worth of $1.1 billion. Born David John Sainsbury on 24 October 1940, he came into riches after he inherited a $38 billion stake (sales) in Sainsbury's, one of the largest supermarket chains in the UK today. Aside from becoming major shareholder, Mr. Sainsbury serves also as Chairman and CEO, positions that he left in 1997 when he was made a life peer and acquired the title Lord David Sainsbury of Turville. In 1998, he was appointed to the government, spending eight years as Minister of Science and Innovation until he resigned in 2006. Nowadays, he sits in the House of Lords as a member of the Labour Party. As a loyal member of the party, he has given $15 million since 2000. However, he has reportedly increased since 2010 when Ed Miliband took the helm. It was Ed's brother, David Miliband that David supported. In addition to the above, he set up the Sainsbury Management Fellowship Society in 1987 with the aim to help engineers from the U.K. become effective C-level executives and corporate leaders. Through the program, he gives $472,000 in MBA scholarships to young, qualified engineers in the UK.

David Sainsbury Net Worth

David Sainsbury, Baron Sainsbury of Turville

Date of Birth
Oct 24, 1940 (75 years old)
Politician, Businessperson
United Kingdom
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
Did we make a mistake?
Submit a correction suggestion and help us fix it!
Submit a Correction