James Palumbo: Difference between revisions
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|nationality = [[British nationality law|British]] |
|nationality = [[British nationality law|British]] |
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|occupation = [[Entrepreneur]], [[Author]], [[Peerage of the United Kingdom|Peer]] |
|occupation = [[Entrepreneur]], [[Author]], [[Peerage of the United Kingdom|Peer]] |
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|years_active = |
|years_active = 1991-2016 |
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|party = [[Liberal Democrats]] |
|party = [[Liberal Democrats]] |
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|blank1 = Net worth |
|blank1 = Net worth |
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|data1 = {{gain}} [[Pound sterling|£]]300 million <small>(Est. |
|data1 = {{gain}} [[Pound sterling|£]]300 million <small>(Est. 2016)</small>}} |
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'''James "Jamie" Rudolph Palumbo, Baron Palumbo of Southwark''' (London, 6 June 1963) is a British [[entrepreneur]], [[author]] and [[Liberal Democrats|Liberal Democrat]] [[life peer]]. He was listed in the ''[[Sunday Times]]'' Rich List |
'''James "Jamie" Rudolph Palumbo, Baron Palumbo of Southwark''' (London, 6 June 1963) is a British [[entrepreneur]], [[author]] and [[Liberal Democrats|Liberal Democrat]] [[life peer]]. He was listed in the ''[[Sunday Times]]'' Rich List 2016 in 350th place with an estimated fortune of £300 million.<ref>[http://features.thesundaytimes.co.uk/richlist/2016/live/richlist/view/group6/1/rank/-/lord%20palumbo#list The Sunday Times Rich List 2016. The Sunday Times]</ref> Jamie was born in London and educated at [[Eton College]] and [[Worcester College]], Oxford.<ref name="Wynne-Jones 1997">{{cite web|url=http://www.independent.co.uk/arts-entertainment/the-man-from-the-ministry-1291579.html|title=The Man From the Ministry|last=Wynne-Jones|first=Ros|authorlink=Ros Wynne-Jones|date=2 November 1997|work=[[The Independent]]|accessdate=6 May 2014}}</ref> |
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==Early career== |
==Early career== |
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In September 1991 Palumbo, together with his school friend Humphrey Waterhouse and [[disc-jockey|DJ]] [[Justin Berkmann]], founded the [[Ministry of Sound]] nightclub in South London. Initially Palumbo lost control of the club to drug dealers, and a fight to regain control ensued.<ref>[http://www.dailymail.co.uk/news/article-1195900/Bouncers-turned-club-Ministry-DRUGS--I-risked-life-drive-out.html How I risked my life kicking the drug gangs out of my club, by Ministry of Sound boss James Palumbo]</ref> |
In September 1991 Palumbo, together with his school friend Humphrey Waterhouse and [[disc-jockey|DJ]] [[Justin Berkmann]], founded the [[Ministry of Sound]] nightclub in South London. Initially Palumbo lost control of the club to drug dealers, and a fight to regain control ensued.<ref>[http://www.dailymail.co.uk/news/article-1195900/Bouncers-turned-club-Ministry-DRUGS--I-risked-life-drive-out.html How I risked my life kicking the drug gangs out of my club, by Ministry of Sound boss James Palumbo]</ref> |
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Ministry of Sound has expanded into a number of areas including recorded music, live events, digital media and merchandise. Ministry of Sound Recordings has sold over |
Ministry of Sound has expanded into a number of areas including recorded music, live events, digital media and merchandise. Ministry of Sound Recordings has sold over 70 million albums and is the largest independent music company in the world.<ref>[http://www.independent.co.uk/arts-entertainment/music/features/club-class-20-years-of-the-ministry-of-sound-2264034.html Club class: 20 years of the Ministry of Sound], independent.co.uk; accessed 26 September 2014.</ref> In 2001 Palumbo sold 16% of the business to [[3i]] for £24 million, which he subsequenyly reacquired.<ref>http://features.thesundaytimes.co.uk/richlist/2016/live/richlist/view/group6/1/rank/-/lord%20palumbo#profile-0</ref> |
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==Family disputes== |
==Family disputes== |
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Revision as of 20:18, 2 July 2016
The Lord Palumbo of Southwark | |
|---|---|
 | |
| Member of the House of Lords | |
| Assumed office 2 October 2013 | |
| Personal details | |
| Born | James Rudolph Palumbo 6 June 1963 London, England |
| Political party | Liberal Democrats |
| Occupation | Entrepreneur, Author, Peer |
| Net worth |  £300 million (Est. 2016) |
James "Jamie" Rudolph Palumbo, Baron Palumbo of Southwark (London, 6 June 1963) is a British entrepreneur, author and Liberal Democrat life peer. He was listed in the Sunday Times Rich List 2016 in 350th place with an estimated fortune of £300 million.[1] Jamie was born in London and educated at Eton College and Worcester College, Oxford.[2]
Early career
From 1984-92, Jamie Palumbo worked in the City of London for Merrill Lynch and Morgan Grenfell in equity capital markets and property finance.[3]
Ministry of Sound
In September 1991 Palumbo, together with his school friend Humphrey Waterhouse and DJ Justin Berkmann, founded the Ministry of Sound nightclub in South London. Initially Palumbo lost control of the club to drug dealers, and a fight to regain control ensued.[4]
Ministry of Sound has expanded into a number of areas including recorded music, live events, digital media and merchandise. Ministry of Sound Recordings has sold over 70 million albums and is the largest independent music company in the world.[5] In 2001 Palumbo sold 16% of the business to 3i for £24 million, which he subsequenyly reacquired.[6]
Family disputes
In 1994 he launched legal proceedings against his father with his sister, Annabella Adams, claiming his father had mismanaged the family trust,[7] subsequently his father resigned as a trustee.[8] In 2010 new proceedings were launched relating to another family trust, [9] his father also resigned from this trust and paid legal fees.[10]
Life peerage
On 2 October 2013, Palumbo was created a Life Peer taking the title Baron Palumbo of Southwark, of Southwark, in the London Borough of Southwark.[11]
Personal life
He lives in London with his Thai friend of thirty years, Miss Rawipim Paijit.[3] He has one son, Alessandro, born in 1991 to Atoosa Hariri.[2]
His debut novel about corruption in the modern world, Tomas, was published in 2009.[12] Stephen Fry called the novel "remarkable... It's as if Thomas Pynchon and Burroughs and Vonnegut got together and had a bastard love child."[13]
Titles and styles
- 1963-1991: Mr James Rudolph Palumbo
- 1991-2013: The Honourable James Rudolph Palumbo
- 2013-: The Lord Palumbo of Southwark
References
- ^ The Sunday Times Rich List 2016. The Sunday Times
- ^ a b Wynne-Jones, Ros (2 November 1997). "The Man From the Ministry". The Independent. Retrieved 6 May 2014.
- ^ a b Bell, Matthew (9 August 2009). "James Palumbo: There's only money, sex; and music and mellowing". The Independent. Retrieved 6 May 2014.
- ^ How I risked my life kicking the drug gangs out of my club, by Ministry of Sound boss James Palumbo
- ^ Club class: 20 years of the Ministry of Sound, independent.co.uk; accessed 26 September 2014.
- ^ http://features.thesundaytimes.co.uk/richlist/2016/live/richlist/view/group6/1/rank/-/lord%20palumbo#profile-0
- ^ Kelsey, Tim (11 April 1994). "Lord Palumbo accused of benefiting from trust". The Independent. Retrieved 6 May 2014.
- ^ Kate Rankine, ‘Daily Telegraph’, 13 September 2003, Business profile: Chairman with a passion for needlework
- ^ Michael Seamark, ‘Daily Mail’, 28 July 2010, Lord Palumbo in fresh court row with children over “missing art worth £2m”
- ^ Palumbo the Younger ready to make peace over a cuppa
- ^ "No. 60648". The London Gazette. 4 October 2013.
- ^ "Tomas", Quartet Books. Retrieved 20 May 2014.
- ^ YouTube
External links
| International | |
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| National | |
| People | |
- 1963 births
- Living people
- People from London
- People educated at Eton College
- Alumni of Worcester College, Oxford
- British people of English descent
- English people of Italian descent
- Ministry of Sound
- English businesspeople
- Liberal Democrat life peers
- Eldest sons of barons
- Writers from London
- 21st-century British novelists