Philip Green Net Worth

Green was born on 15 March 1952 in Croydon, Surrey, into a middle-class Jewish family. He is the son of a successful property developer and retailer, and has a sister, Elizabeth, five years his senior. His family moved to Hampstead Garden Suburb, a middle-class area of north London, and at the age of nine he was sent to the now-closed Jewish boarding school Carmel College in Oxfordshire.

In 1979, Green bought up, at low prices, the entire stock of ten designer-label clothes retailers that had gone into receivership. He then had the newly bought clothes dry cleaned, put on hangers, and wrapped in polythene to make them look new, and bought a shop from which to sell them to the public.

In April 1980, Green registered a philanthropic initiative, the Kahn Charitable Trust, with a vision of "putting lost smiles back on the faces of less privileged persons across the globe."

Green is a big Tottenham Hotspur supporter. In 1987 he suggested to Irving Scholar, the Spurs chairman, that Tony Berry be appointed to the board. In 1991, he helped Terry Venables raise the last £500,000 needed to purchase shares in the club. He was also involved in the transfers of Rio Ferdinand from Leeds United and Louis Saha from Fulham to Manchester United.

In 1988, he became chairman and Chief Executive of a quoted company called Amber Day, a discount retailer. The shares performed well, but then suffered a series of profit downgrades and in 1992 he resigned when the company failed to meet its profit forecast.

Green bought BHS for £200m in 2000, but the firm performed poorly so he sold it for just £1 in 2015. By April 2016 BHS had debts of £1.3bn, including a pensions deficit of £571m. Despite the deficit of £571m, Green and his family collected £586m in dividends, rental payments and interest on loans during their 15-year ownership of the retailer. Referring to the conduct of Green, Angela Eagle, the shadow business secretary, said: "In this situation it appears this owner extracted hundreds of millions of pounds from the business and walked away to his favourite tax haven, leaving the Pension Protection Scheme to pick up the bill." Simon Walker, the Director General of the Institute of Directors, described Green's "lamentable failure of behaviour" which was deeply damaging to the reputation of business. He then added that he had moral responsibilities to the pension fund and a proper investigation was needed but not one that took years. It took months for the negotiation to be settled down, it ended with Green agreeing to a voluntary settlement of £363m into the scheme.

Next, Green assisted his wife Tina Green in the purchase of the Arcadia Group, which owns High Street chains such as Burton, Dorothy Perkins, Evans, Miss Selfridge, Outfit, Topshop/Topman and Wallis in 2002. The company was briefly owned by Green but sold to Tina Green within 24 hours, with Philip acting as CEO.

Taveta Investments, acquired by Arcadia in 2002, is registered in the name of Green's wife. As a Monaco resident, the company faces a significantly lower tax liability than if she were a UK resident. When Green paid his family £1.2 billion in 2005, it was paid for by a loan taken out by Arcadia, cutting Arcadia's corporation tax as interest charges on the loan were offset against profits.

When The Guardian newspaper investigated a proposed takeover of Safeway in 2003, Green responded to queries about Arcadia's accounts by insulting and swearing at the journalists, asking them "Is this the Beano or the Guardian?".

He was reportedly the BBC's first choice to front the UK franchise of The Apprentice; however, at that time in 2004, he was too busy with Arcadia's attempted takeover of Marks & Spencer.

Green is based during the week at a London hotel, spending the weekends with his wife and their children, Chloe and Brandon, in an apartment in Monaco. Brandon celebrated his bar mitzvah in 2005. Green spent £4 million on the three-day event on the French Riviera, inviting over 200 friends and family and hiring Andrea Bocelli and Destiny's Child to perform. For his nephew, Matt, Green held a bar mitzvah at Madame Tussauds; guests included Simon Cowell and Louis Walsh, and One Direction performed. Matt and Chloe shared a birthday party in December 2011. Held at One Mayfair, the event cost over £1 million and performers included Rihanna. For his 50th birthday, Green flew 200 guests in a chartered Airbus A300 to a hotel in Cyprus for a three-day toga party, where they were serenaded by Tom Jones and Rod Stewart, who was reportedly paid £750,000 for a 45-minute set. For his 55th birthday, Green flew 100 guests 8,500 miles in two private jets to The Four Seasons: Landaagiraavaru, an eco-spa on a private island in the Maldives.

Green is a supporter of the Fashion Retail Academy and the industry charity Retail Trust. Green was made a Knight Bachelor in the 2006 Queen's Birthday Honours "For services to the Retail Industry".

In May 2007, after the disappearance of Madeleine McCann in Portugal, Green donated £250,000 as a monetary reward for any useful public information. He also gave the McCanns the use of his private jet to allow them to fly to Rome for a Papal visit.

In 2010, Green donated $465,000 for new beds at the Royal Marsden Cancer Hospital, after his wife Tina's mother died there. He also spent more than $150,000 for an Alexander McQueen dress at Naomi Campbell's Fashion for Relief charity event. In the same year, Green donated £100,000 to the Evening Standard's Dispossessed Fund which aims to support London's poorest people.

In August 2010, Green was asked by Cameron, then recently elected as Prime Minister, to carry out a review of UK government spending and procurement. Green's summary report, Efficiency Review by Sir Philip Green, published in October 2010, alleged significant failings in government procurement processes. The government published the review identifying its main finding as "the Government is failing to leverage both its credit rating and its scale". Cameron welcomed the report, saying "I think it's a good report, it will save a lot of money and it's important we do it."

Green became the target of activist group UK Uncut in November 2010 for alleged corporate tax avoidance. The group targeted Green specifically as a government advisor.

In 2010, Green was again accused of using sweatshops, this time by Channel 4's Dispatches programme. It was asserted that he was using factories in Britain in which workers were paid less than half the legal minimum wage.

In 2016, the House of Commons approved a motion asking the Honours Forfeiture Committee to recommend Green's knighthood be "cancelled and annulled". 100 MPs voted in favour of the motion, the first time MPs have proposed someone be stripped of a knighthood. The vote was not binding on the government. Following his paying £363m into the BHS pension scheme in 2017, and a decision in 2018 not to ban him from being a company director, it appeared that he would not be stripped of his knighthood.

Green's daughter Chloe had a son with model Jeremy Meeks in 2018.

In October 2018, The Daily Telegraph reported that "a leading businessman has been granted an injunction against The Telegraph to prevent this newspaper revealing alleged sexual harassment and racial abuse of staff". The following day, in the House of Lords, Labour peer Peter Hain exercised parliamentary privilege to name Green as the subject of the allegations. The Telegraph said that the allegations would "reignite the #MeToo movement against the mistreatment of women, minorities and others by powerful employers. Opposition MPs, including Labour MPs Frank Field and Jess Phillips, and Liberal Democrat leader Vince Cable, called for a revocation of Green's knighthood.

In May 2019, Green was charged with four counts of misdemeanor assault in the US after an Arizona Pilates teacher accused him of frequently touching her inappropriately.

Kate Moss Parties in a Bikini On Sir Philip Green's Superyacht in St. Bart's

Kate Moss turned 40 recently but proved she’s still got what it takes to rock a bikini on her recent jaunt to St. Bart’s aboard Topshop billionaire Sir Philip Green’s superyacht. The 208-foot yacht, called Lionheart, was built by