ladbible homepage
ladbible homepage
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Videos
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • SPORTbible
  • Tyla
  • FOODbible
  • UNILAD Tech
Britain's richest man worth £14 billion so secretive receptionist hasn't heard of him
Home>News>UK News
Published 13:05 16 Apr 2024 GMT+1

Britain's richest man worth £14 billion so secretive receptionist hasn't heard of him

He likes to keep his profile low, despite his overwhelming success

Joshua Nair

Joshua Nair

google discoverFollow us on Google Discover

Britain's richest man might also be the country's most secretive man.

Michael Platt is worth about £14.3 billion, but his own receptionist in the business' London headquarters doesn't even know who he is.

He is best known for founding the British-American investment firm BlueCrest Capital Management alongside co-founder William Reeves in 2000.

Platt beats out the likes of Vacuum mogul James Dyson (10.8 billion), Manchester United minority shareholder and INEOS owner Sir Jim Ratcliffe (£13.1 billion), among other entrepreneurs for top spot in the UK.

Advert

The country's richest man is someone that you've probably never heard of before. (LinkedIn)
The country's richest man is someone that you've probably never heard of before. (LinkedIn)

As the Daily Mail reports, the company website doesn't even load and the 56-year-old tycoon doesn't reply to emails.

Some of his own staff aren't aware of the big man in charge either, despite being the self-proclaimed 'highest-earning person in the world of finance', as he boasted to New York taxi driver Manny Anzalota, known as the unofficial 'cabbie to the stars'.

The business owner is very serious about keeping his privacy, even going as far to refusing to be photographed in 2006, when The Times did a piece on him and co-founder Reeves and their company.

Patrick Hosking, financial editor at the time, wrote: "They guard their privacy fiercely and detest their regular appearances in newspaper rich lists."

According to 'Hedge Fund Market Wizards: How Winning Traders Win', he is from a working class background on the outskirts of Preston, with his father being a lecturer in civil engineering at Manchester University.

It was also reported that when he was a child, he would visit his grandmother, who taught him to trade in shares, and invested a £500 birthday gift from her that tripled in price.

Reading maths and economics at the London School of Economics, he allegedly made up to £30,000 as an undergraduate student through his investments.

Joining J.P. Morgan as a trainee in New York, he built his way up to being a managing director in the English capital.

He had a business-savvy mind from a young age. (Bloomberg)
He had a business-savvy mind from a young age. (Bloomberg)

He then established BlueCrest Capital in 2000 and the rest of history.

When asked what kind of trader he likes to hire by Jack Schwager, the author of Hedge Fund Market Wizards, he replied: "I look for the type of guy in London who gets up at seven o'clock on Sunday morning when his kids are still in bed and logs on to a poker site so he can pick off the US drunks coming home on Saturday night...that's the type of guy you want, someone who understands an edge."

Platt recently put his £120 million super yacht up for sale, and owns a Chelsea penthouse with views of the Shard and the LondonEye, as well as an exquisite New York apartment overlooking Central Park, and several other homes across Switzerland and the US.

He has also reportedly donated at least £225,000 to the Conservative party.

Platt's son seems to be following in his footsteps too, as he joined BlueCrest, with his father congratulating him in a post on LinkedIn, saying: "You deserve this new opportunity. I wish you the best of luck but I don't expect you will need luck!"

Featured Image Credit: LinkedIn/Bloomberg

Topics: Business, Money, UK News, Weird

Joshua Nair
Joshua Nair

Joshua Nair is a journalist at LADbible. Born in Malaysia and raised in Dubai, he has always been interested in writing about a range of subjects, from sports to trending pop culture news. After graduating from Oxford Brookes University with a BA in Media, Journalism and Publishing, he got a job freelance writing for SPORTbible while working in marketing before landing a full-time role at LADbible. Unfortunately, he's unhealthily obsessed with Manchester United, which takes its toll on his mental and physical health. Daily.

X

@joshnair10

Recommended reads

People risk punishing side effects using 'godzilla of weight loss jabs' available on black marketGetty Stock ImagesAngry Ginge reveals mum wouldn't have escaped house fire as he confirms pets died(Instagram/Angry Ginge)Woman, 37, who drank from bottle adopted by couple thinking she was 12-year-old child(Newsflash)Never-before-seen rules confirmed for World Cup that change football as we know itSam Hodde/Getty

Advert

Choose your content:

an hour ago
2 hours ago
3 hours ago
5 hours ago
  • (Newsflash)
    an hour ago

    Woman, 37, who drank from bottle adopted by couple thinking she was 12-year-old child

    The woman lived with the family for 14 months and even had a birthday party

    News
  • Sam Hodde/Getty
    2 hours ago

    Never-before-seen rules confirmed for World Cup that change football as we know it

    Time-wasting might be a thing of the past

    News
  • Facebook/Kelly Hatchard
    3 hours ago

    Henry Nowak's godmother describes his family's pain over his final moments in heartbreaking tribute

    Kelly Hatchard said the footage of the tragic teenager's final moments is something they 'will never ever be able to erase' from their minds

    News
  • Instagram/@mdmotivator
    5 hours ago

    Bondi Beach terror attack hero Ahmed Al Ahmed charged with domestic assault and stalking

    Ahmed Al Ahmed, 44, has been accused of attacking his elderly father

    News

    breaking

  • Britain's richest man dies aged 85
  • Man in £80,000 of debt after harrowing cocaine addiction explains what finally made him quit
  • One of richest musicians in the world is worth more than Beyoncé but you've probably never heard of him
  • Man with $20 billion net worth put in car order so big it shut down Mercedes factory