Anyone who has ever called out a plumber in an emergency will know it can be a lucrative (if not revolting at times) business.
How much is Charlie Mullins’ net worth?
It’s said that Charlie Mullins is worth a massive £70 million. Anyone else thinking of changing career?
His major bank balance came from building two plumbing businesses from scratch, eventually becoming a business advisor to David Cameron and George Osborne.
He was also awarded an OBE for his services to the plumbing industry.
Mullins was born into a working class family, and says he had his heart set on becoming a plumber from the age of 8.
Such was his passion for the trade, he said he regularly skipped school to help a local plumber.
He left school at 15 without any official qualifications and started his apprenticeship, and was fully qualified by 19.
He decided to set up business in a nearby wealthy district, Pimlico, explaining he “followed the money”.
Some 9 years later, he was bringing in £900,000 a year.
In 2013, it was reportedly earning £19 million, with around 9% of all plumbing work in London being carried out by Pimlico Plumbers.
Mullins went on to sell 90% of the business in September 2021.
At the time, it had a turnover of circa £53.7 million. He sold it to American firm Neighborly for between £125 million and £145 million.
Charlie's son Scott retains a 10% share of the firm and stayed on as CEO.
He has an eye for marketing and gave plumbing-themed personalised number plates to the vehicles, such as W4TER, DRA 1N, and BOG 1.
As well as his businesses, Mullins invested in property, and spent €2 million on two Spanish villas in Torrenueva, Granada.
He put his £4.75 million Hutton Mount, Essex home on the market in 2021.
In addition to this, he owns a six-bedroom London penthouse worth a massive £8 million, and divides his time between Spain and London.
He owns nine villas in a gated community in La Calla, near Marbella.
These villas cost him £14 million.
Instead of retiring, he is building another plumbing company based in Marbella, Spain.
He also said in an interview that he plans to expand into the UAE, explaining: “I am playing it smart and taking my time because of the pandemic, but I’m very serious about this,” he said.
“I will bring British trained and qualified plumbers out here but I won’t charge London prices, it will be less.
He has two Bentley´s worth about £200,000 each, with one in Spain and one in the UK.