Philip Green Net Worth
Philip Green net worth: Philip Green is a British businessman who has a net worth of $5.4 billion. Philip Green is currently the CEO of Arcadia Group, a retail giant that includes Topshop, BHS and Dorothy Perkins. Green quit school at the age of 15 to work as shoes importer. Thus, he was travelling across the United States, Europe and the Far East, eventually getting the idea to start his own business. When he returned to the UK, Green borrowed £20 000 to set up his first deal importing jeans and selling these to retailers in London. It was in 1979, when he purchased a big stock of clothing at extremely low prices, and he decided to open his own store. Nine years later Green became Chairman of Amber Day, a retailing company listed on the Stock exchange. As the years passed, he bought the chain stores Owen Owen and Olympus Sports. Green made a good deal out of the latter, which he sold to JJB Sports for £550 million three year after the purchase. In 1999, he made a name for himself thanks to hostile takeover's attempt on Marks and Spencer, an acquisition which was blocked by the board of directors of the most famous British chain stores. But this didn't stop him from taking over British Home Stores (BHS) one year later. Then in 2012, it was Arcadia Group's turn, while recently he took the Etam's chain in his possession. Thanks to his wise business moves, Philip Green has become one of Britain's richest, known for his commercial success and unconventionality.