Dragons Den Star Theo Paphitis All You Need To Know

By:


Theo Paphitis was very young when he moved to the UK with his family. His very first experience of business came at the young age of 15 when he got the chance to run his school tuck shop.

His first employment Theo Paphitis found himself in was as a filing clerk and tea boy at an Insurance Brokers in the City of London. However the pay was not great and in the pursuit of more money he found he had a flair and love for retail and sales. This saw him become a sales assistant for Watches of Switzerland in Bond Street.

So that he could get more experiance Theo Paphitis got a job at Legal and general when he was 21. The job involved selling commercial mortages. This gave him great experiance in reading balance sheets

A few years later he decided to set up a property finance company with friend and business associate Mark Moran which saw him make his first money in the 1980s on the rise of the commercial property market. He then noticed an increase in mobile phones and decided to buy into NAG Telecom and become chairman. Theo Paphitis managed to gain concessionary positions in Ryman's the Stationer and therefore gained a large market share for NAG.

Paphitis first gained a reputation for turning companies around when he bought Ryman's when it went into receivership. He went on to do the same for contessa and Partners

Theo was eventually asked to Join Dragons Den in 2005 and has remained on the panel since then. He is seen to be one of the more approachable judges and has made a number of different investments in his time on the show.

He has since gone into partnership with businessman Peter Jones and they now co-own Red Letter Days. In 2006 Paphitis chose to sell his equity stake in the UK and EU part of La Senza for an estimated 100 million.

Theo Paphitis was on the Sunday Times Rich List in 2009 and his worth is currently estimated at 165 million.


About the Author:
You don't have to be Theo Paphitis to earn 6 figures online. To read more about how you can be like Theo Paphitis and start your own business visit my blog



Article Originally Published On: http://www.articlesnatch.com


|

Loading...
Related....
Videos...

Recent Reference-and-Education Articles

Comments

Still can't find what you are looking for? Search for it!

Loading

Copyright 2005-2011 ArticleSnatch, LLC - All Rights Reserved.
Privacy Policy | Terms of Service.