9 November 1960 |
Kyabram, Victoria, Australia
|Residence||Belgravia, London, United Kingdom|
|Net worth||£66 million/A$160 million (2006)|
Richard Bruce Farleigh (born 9 November 1960) is an Australian private investor. He is currently a member of the Business Review Weekly Rich 200 list, a list of the 200 wealthiest Australian individuals. In 2012, he took on the role as Chancellor of London South Bank University. He lives in London, United Kingdom. He previously lived in Monte Carlo, Monaco.
Born Richard Buckland Smith in Kyabram, Victoria, Australia. His foster family gave him the surname Farleigh. He is sixth generation Australian. His father was a labourer and sheep shearer. His parents sent him and his other siblings to foster homes when he was aged two. He was one of eleven siblings. Richard was taken into foster care by a family from Peakhurst, Sydney. He attended Narwee Boys High School, excelled at maths and competitive chess, and then won a scholarship to study economics at the University of New South Wales.
After graduating with honours in the early 1980s, he worked at the Reserve Bank of Australia, then joined Bankers Trust Australia in Sydney when 23 as an investment banker and trader, where he stayed for ten years.
Farleigh left Australia in the nineties. He was then hired to run a hedge fund in the tax haven of Bermuda and moved there with his wife and baby son. There, he became friends with David Norwood, a chess grand master, and three years later, he decided to retire, aged 34, and moved to Monte Carlo. He then spent much time with Norwood investigating research from Oxford University in the UK that had potential commercial applications. IndexIT was the company formed to fund some of these ventures; it was later sold to Beeson Gregory for £20m. At this time he invested his own capital in British technology companies.
In 2005, he published a guide to personal investing entitled Taming the Lion: 100 Secret Strategies for Investing (ISBN 1-897597-62-2). He is currently writing a new book named "Confessions of a Serial Entrepreneur", and excerpts are being printed Mondays in City A.M. as well as on his website.
In 2010, Farleigh "launched advisory firm H2O Markets".
Farleigh was selected in 2006 to appear as an investor on the British version of the business-related TV programme Dragons' Den for the show's third series. Farleigh said he would be seeking further investments through the show, saying he was looking to "hopefully uncover the next big thing". It was announced on 21 May 2007, that Richard Farleigh had been dropped from the series. The Daily Mail suggested he may have been dropped in order to have a new dragon from an ethnic minority. Farleigh said, "It would be disappointing if that was the reason — rather than anything fundamental — if it was because I was the wrong colour. I don't know why this has happened and I am very disappointed and bemused — I wasn't expecting it because all the feedback I got was very positive. I had even moved back to the UK to focus on commitments for the show. I am gutted that I have not been invited back."
- Battle of the cabs: Hailing competition in London’s transport
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- Working on a new book "Confessions of a Serial Entrepreneur". Retrieved 2012-05-22.
- Sunday Times Rich List 2006, Sunday Times
- Companies - Ricard Farleigh
- Your Business. "Fears over state plans to improve business funding". Telegraph. Retrieved 2012-05-26.
- BBC (2006). Press Office — Two New Dragons Enter the Den. Retrieved 2006-05-14.
- The Daily Mail (2007). Dragons' Den Panelist Ousted For Being The Wrong Colour. Retrieved 2012-05-10.
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- "31st Chess Olympiad, Moscow 1994, Bermuda". OlimpBase. Retrieved 6 May 2011.
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- Richard Farleigh website
- The Telegraph (2006). Business profile: From swagman to sapphires. Retrieved 2006-04-23.
- The Times (2007). Double blow for UK nanotech company.
- The Telegraph (2007). Farleigh's Oxonica in legal fight with supplier.
- The Financial Times (2008). ‘Dragons’ Den’ chief feels heat in court.
- The Guardian (2008). Court rules against firm backed by former Dragons' Den star.
- International Chess Olympiad appearances
- Business Matters (2010). Interview with Richard Farleigh on success & failure in business .