James Palumbo, Baron Palumbo of Southwark

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The Right Honourable
The Lord Palumbo of Southwark
Member of the House of Lords
Assumed office
2 October 2013
Personal details
Born James Rudolph Palumbo
(1963-06-06) 6 June 1963 (age 53)
London, England
Nationality British
Political party Liberal Democrats
Occupation Entrepreneur, Author, Peer
Net worth Increase £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[edit]

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[edit]

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 subsequently reacquired.[6]

Family disputes[edit]

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[edit]

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[edit]

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[edit]

  • 1963-1991: Mr James Rudolph Palumbo
  • 1991-2013: The Honourable James Rudolph Palumbo
  • 2013-: The Lord Palumbo of Southwark


External links[edit]