BRAIN FOOD: How he made his pile - David Gold - Co-owner of Gold Group International

Who is he?

by
Last Updated: 31 Aug 2010

Britain's 67th-richest man co-owns Ann Summers, adult magazine publisher Gold Star Publications, executive jet company Gold Air International and Sport Newspapers.

How did he make his millions?

East Ender Gold borrowed £700 to buy a bookshop in 1957. At 25, he owned four, selling two of them for £3 million 10 years later. With brother Ralph, he bought Ann Summers in '72 (turnover for '03-04 forecast at £140 million). They founded Sport Newspapers in '88 with David Sullivan and in '92 took a 50% stake in Birmingham City FC, which Gold chairs. He and his family are worth £465 million.

What's the secret of his success?

A relentless drive that he attributes to childhood poverty.

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