UK's first 'digital billionaire' created

UK's first 'digital billionaire' created

Charles Dunstone, the founder of Carphone Warehouse and TalkTalk, has become the UK's first digital billionaire, according to figures released today.

His wealth has increased by 66% to £1bn (€1.12bn) over the past year, catapulting him into the top 100 of the Sunday Times Rich List, which is due to be published this weekend.

The 46-year-old started Carphone Warehouse in 1989 with £6,000 (€6,756) of his own savings and built it up to a company big enough to float on the stock market in 2000.

He remains chairman of the phone retailer and of telecoms provider TalkTalk, which was demerged from Carphone last year, and has retained considerable stakes in both companies.

Mr Dunstone tops a list of 23 digital millionaires to be revealed in the supplement.

The success of internet shopping has tripled the fortunes of Johnnie Boden, founder of online retailer Boden, and Nick Robertson, founder of Asos. They are worth £310m (€349.08m) and £177m (€199.3m) respectively.

Richard Goulding and Simon Perree are worth £160m (€180.2m) each through their stakes in Jersey-based online DVD retailer

Hayley Parsons, 37, is a new entry to the list with a £95m (€107m) fortune from price comparison website

A list of online gambling millionaires is topped by father and daughter Peter and Denise Coates, whose ownership of Bet365 gives them a combined fortune of £750m (€844.5m). Mr Coates is also chairman of Stoke City Football Club.

Banking heir Nat Rothschild has risen to be joint-top of a list of hedge fund managers after trebling his wealth over the past year.

The son of legendary financier Lord Rothschild is "easily" worth £1bn (€1.12bn) compared to £330m (€371.6m) a year ago.

He launched his Atticus Capital hedge fund in 1995 while working at Lazards in the City. He has pulled off spectacular deals from his base in Switzerland, including the recent creation of Vallar Resources, a coal mining group with a prominent Indonesian business dynasty. He has a stake in controversial commodities trader Glencore.

The dramatic increase in his fortunes shoots him to number 67 on the Rich List, up from 204th place the previous year.

Robert Miller, who co-founded the Duty Free Shoppers chain in 1960, also jointly tops the list of hedge fund managers.

More in this Section

Credit Unions to push new government for more reformsCredit Unions to push new government for more reforms

Investors spy an open goal with Italian soccer's reconstructionInvestors spy an open goal with Italian soccer's reconstruction

UK retail job losses: 24,000 and risingUK retail job losses: 24,000 and rising

Brian Keegan: Businesses approaching Brexit looking for opportunities may do well in the long runBrian Keegan: Businesses approaching Brexit looking for opportunities may do well in the long run


On June 26, we sat outside the first bar to open here since lockdown began on March 15. There are only two bars in the valley. Cafes serve drinks, but these are bar-bars, the kind that stay open after midnight.Damien Enright: Fruit trees are laden with their bounty as we prepare to leave

In October 1986, 52 mute swans, living peacefully on the Tolka in Dublin, were drenched in diesel oil accidentally released into the river. Swan-catchers went into action; only one bird died before they reached it.Richard Collins: Human crisis will offer chance for wild animal research

It's a typically Irish summer’s day of sunshine and occasional showers. Travel restrictions have been eased again and we venture forth to one of nature’s gems, Gougane Barra, deep in the mountains of West Cork.Donal Hickey: Gougane Barra has peace and wildness

When the ferryman pulls away from the pier and the salty spray of the sea hits your face the feeling of release from the mainland is deeply pleasurable. Your island awaits. Whether for a day trip or a holiday, the lure of the islands is as magnetic as ever.The Islands of Ireland: The lure of the less-visited

More From The Irish Examiner