Duncan Bannatyne
Birthname Duncan Bannatyne Birthdate February 2, 1949 Birthplace Clydebank, United Kingdom Profession Businessman Net worth $-159,000 Source of Wealth Entrepreneur (Hotels, Fitness clubs) Nationality United Kingdom (Scottish) Country United Kingdom Marital Status Spouse: Joanne McCue (m. 2006–2011) Children 4Quick Links
One of seven children, Dragons' Den star Duncan Banantyne's is a classic rags-to-riches story. He grew up on a tough Glasgow estate and walked miles to school every day, before leaving at 15 to join the navy, only to be discharged after serving time in a military detention centre for threatening to throw an officer overboard.
Doing a series of dead-end jobs, he saved enough for a deposit on a house in Stockton-on-Tees, then started his first business with a $730 second-hand ice cream van. Afterwards, Bannatyne moved into B&Bs and nursing homes, developing a chain of 30 that he sold for $42 million. He put $32 million into his fitness club venture and, along the way, made $36 million from selling an 80% stake in the Just Learning nursery operation.
His empire now includes 40 spas, 60-plus health clubs, four hotels, bars and property. In all, his business assets are worth $567 million. Private assets, worth $130 million, include a villa in the south of France, which costs “knocking on $97,000 a year" to maintain.
The 62-year-old father of six is a Unicef ambassador and has an OBE for his charity work. The Bannatyne Charitable Trust supports 27 good causes, including WellChild and Scottish International Relief.
Earnings & Financial Data
Date | Category | Description | Amount |
|---|---|---|---|
2011 | Asset | Value of his home in Billingham but is now for sale at $1.46 million | $1,300,000 |
2008 | Asset | Value of his "Bannatyne Spa Hotel" in Hastings | $21,000,000 |
2006 | Asset | Value of his 26 health clubs from Hilton Hotel | $153,000,000 |
1996 | Sale of Asset | Sale of his nursing home business called Quality Care Homes | $42,000,000 |
1996 | Sale of Asset | Sale of his children's nursery chain Just Learning | $20,000,000 |
1995 | Sale of Asset | Sale of his ice cream business | $46,000,000 |
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