Tom Morris (businessman): Difference between revisions
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{{Short description|British businessman (born 1954)}} |
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{{Use dmy dates|date=April 2017}} |
{{Use dmy dates|date=April 2017}} |
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{{Infobox person |
{{Infobox person |
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| name = Tom Morris |
| name = Tom Morris |
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| image = |
| image = |
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| caption = |
| caption = |
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| birth_date = {{birth date and age|1954|02|10}} |
| birth_date = {{birth date and age|1954|02|10|df=y}} |
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| birth_place = |
| birth_place = [[Liverpool]], England |
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| nationality = |
| nationality = |
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| education = |
| education = |
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| alma_mater = |
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| occupation = Businessman |
| occupation = Businessman |
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| known_for = Founder and 89% owner of [[Home Bargains]] |
| known_for = Founder and 89% owner of [[Home Bargains]] |
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| net_worth = {{increase}}[[Pound sterling|£]]4.11 Billion (Dec 2020) <br>{{nowrap|[[United States dollar|US$]]5.58 Billion (''[[Bloomberg]]'' Dec 2020)<ref name="Bloomberg profile">{{cite web|title=Bloomberg Billionaire Index: Tom Morris|url=https://www.bloomberg.com/billionaires/profiles/thomas-j-morris/|website=Bloomberg|accessdate=28 December 2020}}</ref>}} |
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| parents = Tom Morris & Veronica Morris |
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| spouse = Kristina O'Hare |
| spouse = Kristina O'Hare |
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| children = 5 |
| children = 5 |
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}} |
}} |
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'''Thomas Joseph Morris''' (born February 1954) |
'''Thomas Joseph Morris''' (born 10 February 1954) is a British [[billionaire]] businessman and the founder of retail chain [[Home Bargains]]. |
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According to the ''[[ |
According to the ''[[Forbes]]'' in December 2024, Morris is worth $5 billion.<ref>{{cite web |title=Tom Morris |url=https://www.forbes.com/profile/tom-morris/ |website=Forbes |access-date=2024-12-07}}</ref> |
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==Early life== |
==Early life== |
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Thomas Joseph Morris was born |
Thomas Joseph Morris was born on 10 February 1954 in [[Liverpool]].<ref>{{Cite web |url=https://www.bloomberg.com/billionaires/profiles/thomas-j-morris/ |title=Bloomberg Billionaires Index: Tom Morris |access-date=14 October 2024 |publisher=Bloomberg L.P.}}</ref> He is the son of a shopkeeper in Liverpool's [[Scotland Road]], and one of seven children of Tom and Veronica Morris.<ref name=MT>{{cite news |last1=Beresford |first1=Philip |title=Britain's Top 100 Entrepreneurs 2014: No. 14: Tom Morris, Home Bargains |url=http://www.managementtoday.co.uk/news/1318641 |accessdate=7 November 2014 |work=Management Today |date=26 October 2014}}</ref><ref name="ftadiscounter">Andrew Bounds, "[http://www.ft.com/cms/s/0/03546b5a-1318-11de-a170-0000779fd2ac.html#axzz3XHRelzpJ A discounter's stores stack up]", ''Financial Times'', 17 March 2009</ref> The Morris family have been involved in retailing for three generations.<ref name="HomeBargainsAbout">{{cite web |url=http://corporate.homebargains.co.uk/about/ |title=Home Bargains About |date=November 7, 2017 |access-date=November 7, 2017}}</ref> |
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He received a degree in engineering.<ref name="ftadiscounter" /> |
He received a degree in engineering.<ref name="ftadiscounter" /> |
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==Career== |
==Career== |
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Morris started the Liverpool-based discount retail chain Home Bargains in 1976,<ref name="ftandrew">Andrew Bounds, "[http://www.ft.com/cms/s/0/b03fd7c6-34da-11e3-8148-00144feab7de.html#axzz3XHRelzpJ Discount retailer TJ Morris breaks through £1bn sales barrier]", ''Financial Times'', 14 October 2013</ref> when he was 21 years old. The chain retails a diverse range of goods, including health and beauty products, groceries and toys. The stock is often bought at discount from brands trying to offload stock.<ref name="Forbes profile"/> |
Morris started the Liverpool-based discount retail chain [[Home Bargains]] in 1976 in [[Old Swan]],<ref name="ftandrew">Andrew Bounds, "[http://www.ft.com/cms/s/0/b03fd7c6-34da-11e3-8148-00144feab7de.html#axzz3XHRelzpJ Discount retailer TJ Morris breaks through £1bn sales barrier]", ''Financial Times'', 14 October 2013</ref> when he was 21 years old. The chain, during the time originally named "Home and Bargain" retails a diverse range of goods, including health and beauty products, groceries and toys. The stock is often bought at discount from brands trying to offload stock.<ref name="Forbes profile">{{cite web|title=Forbes profile: Tom Morris|url=https://www.forbes.com/profile/tom-morris/|website=Forbes|accessdate=18 April 2018}}</ref> |
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In 1995, Morris decided to rebrand the stores logo and name, from "Home and Bargain" to [[Home Bargains]], with a new blue and red corporate logo which was designed by Morris's family member and graphic designer Anton Morris.<ref>{{cite web|url=https://www.liverpoolecho.co.uk/news/nostalgia/home-bargains-started-one-store-24954525|title=Home Bargains started with one store in Old Swan but went on to make owner a billionaire|date=2022-09-08|access-date=2023-02-08}}</ref> |
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| ⚫ | Morris reportedly founded the brand using a bank overdraft.<ref name="Forbes profile"/> It now has more than |
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| ⚫ | Morris reportedly founded the brand using a bank overdraft.<ref name="Forbes profile"/> It now has more than 595 stores, employing more than 34,000 staff.<ref name="HomeBargainsAbout" /> It still has its largest presence in the [[Merseyside]] region of the UK, and is the largest single employer in the area.<ref name="HomeBargainsAbout" /> Morris has said that he plans to expand the chain to more than 800 stores.<ref name="HomeBargainsAbout" /> Morris's interest in Home Bargain's is held by parent company [[TJ Morris]]. |
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Morris owns 89% while his younger brother, Joe Morris, is a smaller shareholder and operations director.<ref name="ftandrew" /> Three other brothers also work for the company.<ref name="ftadiscounter" /> |
Morris owns 89% while his younger brother, Joe Morris, is a smaller shareholder and operations director.<ref name="ftandrew" /> Three other brothers also work for the company.<ref name="ftadiscounter" /> |
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Morris was worth an estimated [[Pound sterling|£]]2.05 billion in 2014, as per the [[Sunday Times Rich List|''Sunday Times'' Rich List]].<ref name="Liverpool Echo 2014">Bill Gleeson, "[http://www.liverpoolecho.co.uk/news/liverpool-news/merseyside-billionaires-feature-2014-sunday-7137001 Merseyside billionaires feature in 2014 Rich List]", ''Liverpool Echo'', 18 May 2014</ref> In April 2018, ''[[Forbes]]'' estimated his net worth at $3.1 billion.<ref name="Forbes profile"/> |
Morris was worth an estimated [[Pound sterling|£]]2.05 billion in 2014, as per the [[Sunday Times Rich List|''Sunday Times'' Rich List]].<ref name="Liverpool Echo 2014">Bill Gleeson, "[http://www.liverpoolecho.co.uk/news/liverpool-news/merseyside-billionaires-feature-2014-sunday-7137001 Merseyside billionaires feature in 2014 Rich List]", ''Liverpool Echo'', 18 May 2014</ref> In April 2018, ''[[Forbes]]'' estimated his net worth at $3.1 billion.<ref name="Forbes profile"/> |
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In 2023, the [[Sunday Times Rich List]] estimated Morris' net worth as £6.133 billion, making him the richest Liverpudlian and fourth wealthiest person from North-West England. {{citation needed|date= May 2023}} |
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==Personal life== |
==Personal life== |
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He is married and lives in |
He is married and lives in Lytham St Annes, Lancashire , England.<ref name="Forbes profile"/> |
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In 2001, the ''[[Liverpool Echo]]'' reported that his son worked for the company, and that his daughter Lisa and her American husband Brian run Morris Textiles, the linen warehouse.<ref name=LiverpoolEcho>{{cite news |title=#1m a year from #85 a week |url=http://www.liverpoolecho.co.uk/news/liverpool-news/1m-year-85-week-3563263 |accessdate=3 October 2015 |work=Liverpool Echo |date=7 June 2001}}</ref> |
In 2001, the ''[[Liverpool Echo]]'' reported that his son worked for the company, and that his daughter Lisa and her American husband Brian run Morris Textiles, the linen warehouse.<ref name=LiverpoolEcho>{{cite news |title=#1m a year from #85 a week |url=http://www.liverpoolecho.co.uk/news/liverpool-news/1m-year-85-week-3563263 |accessdate=3 October 2015 |work=Liverpool Echo |date=7 June 2001}}</ref> |
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[[Category:1954 births]] |
[[Category:1954 births]] |
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[[Category:Living people]] |
[[Category:Living people]] |
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[[Category:Date of birth missing (living people)]] |
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[[Category:British billionaires]] |
[[Category:British billionaires]] |
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[[Category:Businesspeople from Liverpool]] |
[[Category:Businesspeople from Liverpool]] |
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Latest revision as of 20:16, 7 December 2024
Tom Morris | |
|---|---|
| Born | 10 February 1954 Liverpool, England |
| Occupation | Businessman |
| Known for | Founder and 89% owner of Home Bargains |
| Spouse | Kristina O'Hare |
| Children | 5 |
Thomas Joseph Morris (born 10 February 1954) is a British billionaire businessman and the founder of retail chain Home Bargains.
According to the Forbes in December 2024, Morris is worth $5 billion.[1]
Early life
[edit]Thomas Joseph Morris was born on 10 February 1954 in Liverpool.[2] He is the son of a shopkeeper in Liverpool's Scotland Road, and one of seven children of Tom and Veronica Morris.[3][4] The Morris family have been involved in retailing for three generations.[5]
He received a degree in engineering.[4]
Career
[edit]Morris started the Liverpool-based discount retail chain Home Bargains in 1976 in Old Swan,[6] when he was 21 years old. The chain, during the time originally named "Home and Bargain" retails a diverse range of goods, including health and beauty products, groceries and toys. The stock is often bought at discount from brands trying to offload stock.[7]
In 1995, Morris decided to rebrand the stores logo and name, from "Home and Bargain" to Home Bargains, with a new blue and red corporate logo which was designed by Morris's family member and graphic designer Anton Morris.[8]
Morris reportedly founded the brand using a bank overdraft.[7] It now has more than 595 stores, employing more than 34,000 staff.[5] It still has its largest presence in the Merseyside region of the UK, and is the largest single employer in the area.[5] Morris has said that he plans to expand the chain to more than 800 stores.[5] Morris's interest in Home Bargain's is held by parent company TJ Morris.
Morris owns 89% while his younger brother, Joe Morris, is a smaller shareholder and operations director.[6] Three other brothers also work for the company.[4]
Morris was worth an estimated £2.05 billion in 2014, as per the Sunday Times Rich List.[9] In April 2018, Forbes estimated his net worth at $3.1 billion.[7]
In 2023, the Sunday Times Rich List estimated Morris' net worth as £6.133 billion, making him the richest Liverpudlian and fourth wealthiest person from North-West England. [citation needed]
In 2018, Morris paid himself £1 million.[10]
Personal life
[edit]He is married and lives in Lytham St Annes, Lancashire , England.[7]
In 2001, the Liverpool Echo reported that his son worked for the company, and that his daughter Lisa and her American husband Brian run Morris Textiles, the linen warehouse.[11]
References
[edit]- ^ "Tom Morris". Forbes. Retrieved 7 December 2024.
- ^ "Bloomberg Billionaires Index: Tom Morris". Bloomberg L.P. Retrieved 14 October 2024.
- ^ Beresford, Philip (26 October 2014). "Britain's Top 100 Entrepreneurs 2014: No. 14: Tom Morris, Home Bargains". Management Today. Retrieved 7 November 2014.
- ^ a b c Andrew Bounds, "A discounter's stores stack up", Financial Times, 17 March 2009
- ^ a b c d "Home Bargains About". 7 November 2017. Retrieved 7 November 2017.
- ^ a b Andrew Bounds, "Discount retailer TJ Morris breaks through £1bn sales barrier", Financial Times, 14 October 2013
- ^ a b c d "Forbes profile: Tom Morris". Forbes. Retrieved 18 April 2018.
- ^ "Home Bargains started with one store in Old Swan but went on to make owner a billionaire". 8 September 2022. Retrieved 8 February 2023.
- ^ Bill Gleeson, "Merseyside billionaires feature in 2014 Rich List", Liverpool Echo, 18 May 2014
- ^ "Home Bargains boss pays himself £1m - Retail Gazette". www.retailgazette.co.uk. 23 October 2018. Retrieved 10 December 2020.
- ^ "#1m a year from #85 a week". Liverpool Echo. 7 June 2001. Retrieved 3 October 2015.