John Caudwell
John Caudwell
John David Caudwellis an English businessman, philanthropist and co-founder of mobile phone retailer Phones 4u. He also invests in fashion, real estate and other industries, and chairs Caudwell Children, a charity which benefits ill or disabled children and their families. He is also known for being the UK's biggest taxpayer...
NationalityEnglish
ProfessionBusinessman
Date of Birth7 October 1952
biggest business low lowest primarily risky
In any business opportunity, you'd be looking, probably, primarily at the risk and return. Some business can be very risky with a low return; what you want is the lowest risk with the biggest return.
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Knowing that my ancestry had all been quite wealthy and owned their own businesses probably left me with the ambition to replicate what they'd done.
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Business gives you a massive high. Doing a great deal, coming up with an inspirational solution... It's very addictive. But it doesn't last long. In isolation, it's a bit sterile. It doesn't reward the soul.
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My second business would have succeeded but for competitors' jealousy. I was selling motorbike gear cheap, but the people I was undercutting complained to the manufacturer and cut off my supply. It showed me how corrupt business can be. When I sold phones, the same thing happened, but this time I was ready.
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I have a helicopter that I use for U.K. business trips, and I fly myself. I have a yacht in Antibes in the south of France, which is a sort of indulgence, as we only use it for about four weeks a year. The rest of the time, it is chartered out to people as a business.
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I was bullied at school for my red hair; today I still come out fighting hard. I give as good as I get. In business, it's about finding solutions, not being rolled over.
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I didn't want my epitaph to read 'Here lies John Caudwell, billionaire.' I knew that wasn't enough. I've had a charitable instinct all my life, but working gave me no time for it.
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I was only 21 when I bought a five-bedroom detached house in Stoke-on-Trent that was way outside of my financial status in life. I did it by borrowing money from my family and the bank, taking out a huge mortgage.
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I realised I've got quite a talent for coming up with ideas for design. I've got so many ideas about fashion.
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I can safely say that there are dozens of places on 'Titania' to watch a film with friends. I would estimate there's something like 50 televisions on board, some of which are very big-screen, some of which drop out of ceilings on the outdoor decks.
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My objective is to leave my family adequately catered for, but I want my children to make their own way. I want them to have pride in their own achievements.
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Journalists like to say I started off sweeping the pottery floors. But it was just a short-lived part time job doing that after I left school.
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I'm a wealth creator. I'm not interested in saving in the least. While I do spend a lot, I don't spend money like other billionaires. I'm probably quite unusual, albeit I do have some of the significant trappings. But I always try to make my assets work for a living.
affection children invest love moral time
It's important to show children love, affection and balance and invest time in their moral upbringing.