Michael Smurfit

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Sir

Michael Smurfit

Born (1936-08-07) 7 August 1936 (age 83)
ResidenceMonte Carlo, Monaco
EducationClongowes Wood College
OccupationBusinessman
Years active1955–present
Known for
RelativesVictoria Smurfit (niece)

Sir Michael Smurfit, KBE (born 7 August 1936), is an English-born Irish businessman. In the "2010 Irish Independent Rich List" he was listed at 25th with a €368 million personal fortune.[1]

Early life[edit]

Smurfit, who was born in St Helens, England, was educated at Clongowes Wood College, County Kildare, Ireland. He left school aged 16 and joined his father's company, Jefferson Smurfit & Sons Ltd, in 1955. In 1967, he was appointed joint managing director and was made deputy chairman in 1969. He was appointed chairman and chief executive officer of the Jefferson Smurfit Group in 1977, a position he held until his retirement as CEO in November 2002.

Business success[edit]

During his tenure at the helm of the Jefferson Smurfit Group, Smurfit led the early expansion of the Group in both Ireland and the United Kingdom. He followed this with a series of acquisitions in the US, Latin America and Continental Europe, creating in the process Ireland's first international company[citation needed] and a global leader in paper-based packaging. As chairman, Smurfit oversaw the merger of the Smurfit Group with Kappa Packaging BV to form Smurfit Kappa, with the merged company employing 42,000 employees in 33 countries on 5 continents. The group had sales of €6 billion in 2009. His share of the merged company was 4.9%. He is also a director of Ballymore International, a property development and investment group, and has investments in other small companies.[citation needed]

He co-owns the K Club in County Kildare,[citation needed] which hosted the 2006 Ryder Cup.[citation needed]

Club and arts interests[edit]

Smurfit is a member of many sporting and social clubs in Ireland, the United Kingdom, United States, Monaco and Spain.[citation needed] He owns a €53 million super yacht and the Smurfit Art Collection, worth over €50 million.[citation needed]

Smurfit also commissioned Anna Livia, a bronze monument formerly located on O'Connell Street in Dublin. It was affectionately known as the Floozie in the Jacuzzi.[2]

Personal life[edit]

He has two daughters and four sons and lives in Monte Carlo. He is an uncle to Irish actress Victoria Smurfit. He has 12 grandchildren. His son Anthony P. J. Smurfit, also based in Monte Carlo, is the current CEO of Smurfit Kappa.

Recognition[edit]

In 2005, Smurfit was appointed to be a Knight Commander of the Most Excellent Order of the British Empire (KBE) in HM The Queen's Birthday Honours List 2005, published on Friday 10 June 2005. He is honorary Irish consul to Monaco[citation needed] and has been honoured by the governments of Colombia, France, the United Kingdom, Italy and Venezuela.[citation needed] The postgraduate business school of University College Dublin, the Michael Smurfit Graduate School of Business, is named after him as a result of his financial support.

References[edit]

  1. ^ "Ireland's Rich List: 21–30". Irish Independent. 31 March 2010. Retrieved 25 February 2011.
  2. ^ "Dublin's Floozy in the Jacuzzi returns to the city". BBC News. 25 February 2011. Retrieved 25 February 2011.

External links[edit]