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James Dyson Net Worth

James Dyson net worth

What is James Dyson net worth?

Net Worth$9.7 Billion
OccupationBritish inventor, industrial designer, landowner and entrepreneur 
Date of Birth2 May 1947
CountryUnited Kingdom
Place of birthCromer

James Dyson net worth 2021: Sir James Dyson OM CBE RDI FRS FREng FCSD FIEE  is a British inventor, industrial designer, landowner and entrepreneur who founded Dyson Ltd. Traditionally, he is best known as the inventor of the Dual Cyclone bagless vacuum cleaner, which works on the principle of cyclonic separation. He is the richest person in Britain according to Forbes.

Early life and education

James Dyson was born 2 May 1947 in Cromer, Norfolk, one of three children. He was educated at Gresham’s School, an independent boarding school in Holt, Norfolk, from 1956 to 1965, when his father died of prostate cancer.

 He excelled at long-distance running: “I was quite good at it, not because I was physically good, but because I had more determination. I learnt determination from it.” He spent one year (1965–1966) at the Byam Shaw School of Art, and then studied furniture and interior design at the Royal College of Art (1966–1970) before moving into engineering.

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It was whilst attending the Royal College of Art to study fine art that Dyson made the switch to industrial design due in part to the tutorage of Anthony Hunt, the renowned structural engineer.

Early inventions

Dyson helped design the Sea Truck in 1970 while studying at the Royal College of Art. His first original invention, the Ballbarrow, was a modified version of a wheelbarrow using a ball instead of a wheel. This was featured on the BBC’s Tomorrow’s World television programme.

Dyson stuck with the idea of a ball, inventing the Trolleyball, a trolley that launched boats. He then designed the Wheelboat, which could travel at speeds of 64 kilometres per hour (40 mph) on both land and water.

Other inventions

Dyson expanded his appliance range to include a washing machine called the ContraRotator, which had two rotating drums moving in opposite directions. The range was decorated in the usual bright Dyson colours, rather than the traditional white, grey or black of most other machines. It was not a commercial success, and is no longer available.

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In 2002, Dyson created a realisation of the optical illusions depicted in the lithographs of Dutch artist M. C. Escher. Engineer Derek Phillips was able to accomplish the task after a year of work, creating a water sculpture in which the water appears to flow up to the tops of four ramps arranged in a square, before cascading to the bottom of the next ramp. Called Wrong Garden, it was displayed at the Chelsea Flower Show in 2003.

 The illusion is accomplished with water containing air bubbles pumped through a chamber underneath the transparent glass ramps to a slit at the top from which the bulk of the water cascades down. This makes it appear that the water is flowing up, when really, a small amount of water diverted from the slit at the top flows back down the ramps in a thin layer.Dyson Airblade hand dryer

In October 2006 Dyson launched the Dyson Airblade, a fast hand dryer that uses a thin sheet of moving air as a squeegee to remove water, rather than attempting to evaporate it with heat. This allows faster drying, while using much less energy than traditional electrical hand dryers.

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Another product, launched on 18 October 2009, is a fan without external blades, which he calls the Air Multiplier. In addition to a cooling fan, a model which distributes electrically produced heat and an ultrasonic humidifier model are also available.

In April 2016, Dyson launched the Dyson Supersonic, a hair dryer with a smaller motor located in the handle so as to provide better balance and smaller size, as well as quieter operation.

 Commenting on the launch, Vogue magazine said “as the first product to launch from Dyson’s new UK state-of-the-art hair laboratory, we have high hopes for the future of our blow-dries.

Research and development

Dyson spent £7m a week on research and development of new products. The company is the UK’s biggest investor in robotics and artificial intelligence research, employing over 3,500 engineers and scientists, and engaging in more than 40 university research programmes. Speaking to the Daily Telegraph, Dyson said, “We’re looking at more non-domestic products but we are not rushing to do lots of different things,” he said. “We are a private company so we can do it when we are ready.”

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In November 2014, Dyson announced plans to invest a further £1.5bn into the research and development of new technology, including funding for an expanded campus at the Dyson UK headquarters in Malmesbury which will create up to 3,000 jobs.

The then Prime Minister David Cameron, said: “Dyson is a great British success story and the expansion of the Malmesbury campus will create thousands of new jobs, providing a real boost to the local economy and financial security for more hardworking families. Investment on this scale shows confidence in our long-term economic plan to back business, create more jobs and secure a brighter future for Britain.”.

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In March 2016, Dyson announced a second new multimillion-pound research and development centre on a 517-acre former Ministry of Defence (MoD) site at Hullavington, Wiltshire. The company said it aimed to double its UK-based workforce in the next five or six years. Dyson said: “After 25 years of UK growth, and continuing expansion globally, we are fast outgrowing our Malmesbury Campus. To win in the world stage you have to develop new technology and develop great products and that’s what we’re doing here.”.

In September 2017, Dyson announced plans to produce an electric vehicle, aiming to be launched in 2020, investing £2bn of his own money. He assembled a team of more than 400 people for the project.

 According to reports, the vehicle was intended to be powered by a solid-state battery, Dyson having acquired the battery company Sakti3 in 2015. In October 2019, Dyson announced that the electric car project had been cancelled due to it not being commercially viable.

In 2017, Dyson launched the Dyson Institute of Engineering and Technology.

Vacuum cleaners

In the late 1970s, Dyson had the idea of using cyclonic separation to create a vacuum cleaner that would not lose suction as it picked up dirt. He became frustrated with his Hoover Junior’s diminishing performance: the dust bag pores kept becoming clogged with dust thus reducing suction. The cyclone idea came from a sawmill that used cyclone technology.

Partly supported by his wife’s salary as an art teacher, and after five years and about 5,127 prototypes, Dyson launched the “G-Force” cleaner in 1983.

James Dyson net worth

 However, no manufacturer or distributor would handle his product in the UK, as it would have disturbed the valuable market for replacement dust bags, so Dyson launched it in Japan through catalogue sales.Manufactured in bright pink, the G-Force sold for the equivalent of £2,000.

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It won the 1991 International Design Fair Prize in Japan. He filed a series of patents for his dual cyclone vacuum cleaner EP0037674 in 1980.

After his invention was rejected by the major manufacturers, Dyson set up his own manufacturing company, Dyson Ltd. In June 1993, he opened a research centre and factory in Malmesbury, Wiltshire.

Dyson’s breakthrough in the UK market came more than ten years after the initial idea, through a TV advertising campaign in which it was emphasised that, unlike most of its rivals, the Dyson vacuum did not require the continuing purchase of replacement bags. At that time, the UK market for disposable cleaner bags was £100 million.

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The slogan “say goodbye to the bag” proved more attractive to the buying public than a previous emphasis on the suction efficiency that its technology delivers. Ironically, the previous step change in domestic vacuum cleaner design had been the introduction of the disposable bag – users being prepared to pay extra for the convenience.

The Dyson Dual Cyclone became the fastest-selling vacuum cleaner ever made in the UK, and outsold those of some of the companies that rejected his idea, becoming one of the most popular brands in the UK

James Dyson Net Worth

James Dyson net worth is $9.7 billion. He is one of the richest people in the world and the richest person in United Kingdom. Dyson employs more than 5,800 engineers around the world and says it invests about $10 million a week in product development. In 2019 Dyson scrapped plans to build electric cars after telling staff they were not commercially viable. Dyson’s popular line of intelligent air purifiers claims to have used the data to create the most accurate picture of indoor air quality worldwide.

Personal life

Dyson married Deirdre Hindmarsh in 1968. They have three children; two sons and a daughter. In 2003, Dyson paid £15 million for Dodington Park, a 300-acre (1.2 km2) Georgian estate in South Gloucestershire close to Chipping Sodbury.

He and his wife own Domaine des Rabelles, near Tourtour, France, and a house in Chelsea, London. His vessel Nahlin is the largest British-flagged and owned super yacht with an overall length of 91 metres (299 ft), and was ranked 36th in a 2013 survey of the world’s 100 biggest yachts.

James Dyson net worth

The Richest People in the world

In July 2019, Dyson spent £43 million on a 21,108 square foot (1,961.0 m2) triplex flat at the top of the Guoco Tower, the tallest building in Singapore. He later sold the flat in October 2020 for £36 million. Dyson has also invested heavily into buying agriculture lands across Lincolnshire, Oxfordshire, and Gloucestershire.

Honours and awards

  • In 1997 Dyson was awarded the Prince Philip Designers Prize.
  • Dyson was appointed Commander of the Order of the British Empire (CBE) in the 1998 New Year Honours for services to industrial design.
  • In 2000, he received the Lord Lloyd of Kilgerran Award.
  • He received an honorary doctorate from the University of Bath in 2000.
  • In 2005 Dyson was elected a Fellow of the Royal Academy of Engineering (FREng) and appointed a Royal Designer for Industry.
  • Dyson was appointed Knight Bachelor in the 2007 New Year Honours for services to business.
  • Dyson was elected a Fellow of the Royal Society (FRS) in 2015.
  • Dyson was appointed to the Order of Merit (OM) in the 2016 New Year Honours for achievements in industrial design.
  • In 2017 Dyson was awarded IEEE Honorary Membership.
  • Dyson was provost of the Royal College of Art in London until 1 July 2017, having succeeded Sir Terence Conran in August 2011, and is patron of the Design & Technology Association.
  • He was chair of the board of trustees of the Design Museum, “the first in the world to showcase design of the manufactured object”, until suddenly resigning in September 2004, saying the museum had “become a style showcase” instead of “upholding its mission to encourage serious design of the manufactured object”.
  • In February 2019 Dyson was elected a foreign member of the United States National Academy of Engineering.

James Dyson net worth

James Dyson Foundation

Dyson set up the James Dyson Foundation in 2002 to support design and engineering education; it now operates in UK, US and Japan. The foundation’s aim is to inspire young people to study engineering and become engineers by encouraging students to think differently and to make mistakes.

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The foundation supports engineering education in schools and universities, as well as medical and scientific research in partnership with charities. It achieves this by funding different resources such as the “Engineering Box”, a box filled with activities for a school to use as a teaching aid.

The foundation loans the boxes to schools for four weeks free of charge, they are suitable for Key Stage 4 and above. The Engineering Box enables students to take apart and examine a Dyson DC22 Telescope vacuum cleaner.

In addition, a school is allowed to retain a James Dyson Foundation teacher pack, and a copy of Genius of Britain, a Channel 4 TV series featuring Dyson, and design engineering posters. Other resources are also available.

James Dyson Net Worth

NET WORTH

Rich Lesser Net Worth

Rich Lesser net worth

What is Rich Lesser net worth ?

Rich Lesser net worth: Richard “Rich” Lesser is an American businessman who has served as the CEO of American global management consultancy the Boston Consulting Group (BCG).

Early life and education

Lesser grew up in Pittsburgh, Pennsylvania during the 1970s, a time of economic hardship for the city due to the implosion of the steel industry at the time.

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He holds an MBA from Harvard Business School, where he was a Baker Scholar, and a bachelor’s degree in Chemical Engineering, summa com Laude, from the University of Michigan.

Career

Lesser started his career as a process development engineer and group leader at Procter & Gamble. In 1988, Lesser joined BCG as a consultant. He served as the head of the New York Metro office system from 2000 to 2009, and as BCG’s Chairman for North and South America from 2009 to 2012.

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 He was elected to the firm’s Executive Committee in 2006. Since joining BCG in 1988, Lesser’s client work has focused on strategy, operations, leadership, and large-scale transformation. It is claimed he played a pivotal role in helping BCG become the only global management consulting firm to grow strongly through the 2008 recession.

In May 2012, he was named the successor of Hans-Paul Bürkner as the Global Chief Executive Officer of Boston Consulting Group.

Under his leadership, BCG has continued its strong global growth across all regions an practices, fueled by investments in new offices, digital and analytics, and capabilities to drive innovation and transformation.

 Lesser oversaw the launch of BCG Digital Ventures, a builder and accelerator of digital businesses; BCG Gamma, an analytics and machine-learning team; and BCG TURN, a turnaround, restructuring, and transformation unit and more recently, the Center for Climate Action.

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In October 2018, Lesser began a third three-year term as CEO of Boston Consulting Group

Lesser also serves as chief advisor to the World Economic Forums’s (WEF) Alliance of CEO Climate Leaders, is on the Board of Directors of the Business Roundtable, and is a member of the WEF’s International Business Council.

 He has accelerated BCG’s strong investments in social impact through its many partnerships, including the World Food Programme, Save the Children, and the World Wildlife Fund.

In December 2016, Lesser joined a business forum assembled by then-president-elect Donald Trump to provide strategic and policy advice on economic issues.

Rich Lesser Net Worth

According to Forbes, BCG is worth $8.5 billion. Founded in 1963, BCG (Boston Consulting Group) is a global management-consulting firm. BCG helps corporations and other organizations innovate and achieve sustainable competitive advantage.

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Andrew Mackenzie Net Worth

Andrew Mackenzie net worth

What is Andrew Mackenzie net worth ?

Net worth$37 million
NameSir Andrew Stewart Mackenzie
Date of birth20 December 1956
Nationality Scottish
OccupationFormer CEO of BHP Billiton

Andrew Mackenzie net worth: Sir Andrew Stewart Mackenzie is a Scottish businessman, and a former CEO of BHP Billiton, the world’s largest mining company. Keep reading to find more information about him here.

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Early life

Andrew Stewart Mackenzie was born in December 1956, grew up in Kirkintilloch, Scotland, and was educated at the University of St Andrews where he graduated with a first class bachelor’s degree in geology in 1977. He went on to study at the University of Bristol where he was awarded a PhD in organic chemistry in 1981.

Career

Mackenzie was a postdoctoral research fellow with the British Geological Society. He was a Humboldt fellow and worked at the Nuclear Research Centre in Jülich, Germany. He published over 50 research papers as a scientist.

In 1983, Mackenzie joined BP’s research division. He worked his way to BP Finance, and then as head of capital markets. After 22 years at BP, he left as group vice-president of petrochemicals.

In April 2004, Mackenzie joined Rio Tinto as chief executive of the industrial minerals division. In June 2007, he served as the chief executive officer, diamonds & minerals.

He served as trustee of a think tank, Demos from 2005 until June 2008.

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Mackenzie was poached from Rio Tinto in 2007 by then CEO of BHP Billiton Marius Kloppers, ahead of a failed takeover bid of Rio Tinto.

Mackenzie became the chief executive of non-ferrous in BHP Billiton in November 2008. He succeeded Marius Kloppers as the CEO of BHP Billiton in May 2013.  In 2014, he was paid $7,123,000 in total compensation.

Australia mining head Mike Henry succeeded Mackenzie as BHP CEO on 1 January 2020.

In March 2021, Mackenzie was tapped to replace Chad Holliday as chairman of Royal Dutch Shell starting May 2021.

Andrew Mackenzie Net Worth

Andrew Mackenzie net worth: He owns shares worth $37 million.

Andrew Mackenzie is one of the world’s most influential applied earth scientists. He made seminal contributions to geochemistry in his early career, especially in relation to the formation of oil. For most of his career he has been a leader in the energy and mining industries working within BP, Rio Tinto and most recently in BHP Billiton.

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He has made major innovations in both technical and business arenas within these companies, and is pre-eminent as an earth scientist in the commercial world. He has recently been appointed CEO of BHP Billiton.

Mackenzie was knighted in the 2020 Birthday Honours for services to business, science, technology and UK/Australia relations.

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NET WORTH

Stephen Schwarzman Net Worth

Stephen Schwarzman Net Worth

What is Stephen Schwarzman Net Worth?

Net worth$28 billion
NameStephen Allen Schwarzman
Date of birthFebruary 14, 1947
NationalityAmerican
OccupationInvestor, Businessman and Philanthropist

Stephen Schwarzman Net Worth 2021: Stephen Allen Schwarzman is an American businessman, investor, and philanthropist. He is the chairman and CEO of The Blackstone Group

Early life and education

Schwarzman was raised in a Jewish family in Huntingdon Valley, Pennsylvania, the son of Arline and Joseph Schwarzman.

Schwarzman attended the Abington School District in suburban Philadelphia and graduated from Abington Senior High School in 1965.  He attended Yale University.

After graduating in 1969, he briefly served in the U.S. Army Reserve before attending Harvard Business School, where he graduated in 1972.

Investment career

Schwarzman’s first job in financial services was with Donaldson, Lufkin & Jenrette, an investment bank that merged with Credit Suisse in 2000. After business school, Schwarzman worked at the investment bank Lehman Brothers, became a managing director at age 31, and then head of global mergers and acquisitions.

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 In 1985, Schwarzman and his boss, Peter Peterson, started The Blackstone Group, which initially focused on mergers and acquisitions.

 Blackstone would branch into business acquisition, real estate, direct lending, alternative assets, and now has some $500 billion in assets under management.

When Blackstone went public in June 2007, it revealed in a securities filing that Schwarzman had earned about $398.3 million in fiscal 2006. He ultimately received $684 million for the part of his Blackstone stake he sold in the IPO, keeping a stake then worth $9.1 billion

Stephen Schwarzman Net Worth

Stephen Schwarzman net worth is $28 billion. Aside being a very successful investor, Schwarzman has been an adjunct professor at the Yale School of Management and was chairman of the board of trustees of the John F. Kennedy Center for the Performing Arts from 2004 to 2010.

In 2019, Schwarzman wrote his first book titled, What It Takes: Lessons in the Pursuit of Excellence, “which draws from his experiences in business, philanthropy and public service.” His book became a New York Times Best Seller.

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He lives in a duplex apartment at 740 Park Avenue previously owned by John D. Rockefeller Jr. Schwarzman purchased the apartment from Saul Steinberg. He spent millions of dollars on both his sixtieth and seventieth birthday parties.

Mr. Schwarzman is an active philanthropist with a history of supporting education, as well as culture and the arts, among other things. In 2020, he signed The Giving Pledge, committing to give the majority of his wealth to philanthropic causes. In both business and philanthropy, Mr. Schwarzman has dedicated himself to tackling big problems with transformative solutions. In June 2019, he donated £150 million to the University of Oxford to help redefine the study of the humanities for the 21st century.

Family

Schwarzman married his first wife Ellen Philips in 1971, a trustee of Northwestern University and the Mount Sinai Medical Center, and they divorced in 1990. They have three children together, including film producer Teddy Schwarzman and writer and podcaster Zibby Owens.

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Schwarzman married his second wife Christine Hearst in 1995, an intellectual property lawyer who grew up on Long Island, New York. She has one child from a previous marriage.

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