Sir Jack Petchey
|Born||19 July 1925|
|Net worth||₤550 million (2017)|
|Children||1 son, 3 daughters|
Sir Jack Petchey CBE (born 19 July 1925) is an English businessman and philanthropist.
Petchey started a car hire and car sales business. From his profits he invested in property and timeshare which grew into a business empire valued over half a billion pounds by 2007. Jack became known as the grandfather of timeshare, and amassed his fortune with marketing in UK and abroad. It was the resort in Albufeira, Portugal, where the real timeshare boom took place, right up to late 2000's, when the whole conglomerate of leisure businesses was sold. In 1969, he was involved with property development, becoming one of the most successful businessmen in Britain.
The Jack Petchey Foundation's flagship programme is its Achievement Award scheme – a reward and recognition initiative which enables schools and youth organisations to celebrate the achievements of their young people as well as receive additional funding. Almost 2,000 schools, colleges and youth organisations across London and Essex run the scheme, which contributes millions of pounds each year. Among the organisations on the scheme are sports, music and performing arts clubs, uniformed and disability groups, and youth clubs.
The foundation also celebrates Adult Leaders who support young people and has funding available for educational visits and for young volunteers to carry out projects both in the UK and abroad. On top of the central grant giving programmes, the Jack Petchey Foundation runs a number of partnership programmes including the Jack Petchey Speak Out Challenge, Step Into Dance, Panathlon, the London Schools Table Tennis Championships and the Anthony Nolan Register and Be a Lifesaver programme. The foundation was also the central funding body of the Petchey Academy and the Petchey Centre for Entrepreneurship. The Foundation also has a branch in Albufeira, Portugal, which does similar work to its British counterpart.
As of May 2017, he is worth an estimated ₤550 million.
Petchey was appointed Officer of the Order of the British Empire (OBE) in 2004 and Commander of the Order of the British Empire (CBE) in the 2011 Birthday Honours for charitable services. He was knighted in the 2016 New Year Honours for services to young people in East London and Essex through the Jack Petchey Foundation.
Petchey was married twice. He first married Diane Harrison in 1949, they had a son, John, and three daughters, Jackie, Susan and Amanda. In 2016 at the age of 90 he married a second time to Frances Segelman, a sculptor.
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