How He made his Pile: Gordon 'butch' Stewart - Hotelier

Who is he? The Jamaican 'Cupid of the Caribbean' owns the all-inclusive Sandals and Beaches holiday resorts. He also runs the Jamaica Observer newspaper, sponsors the under-achieving Windies cricket team, and was credited with saving Air Jamaica from implosion in 1994. He is said to be worth $1bn.

How did he make his millions? Butch set up air-conditioning firm Appliance Traders (ATL) in 1968. With the profits he bought a Montego Bay hotel in '81, which became the first Sandals Resort. The chain now boasts 12 hotels on four Caribbean islands, and ATL covers everything from car hire to office equipment.

The secret of his success? Butch learnt early. A childhood hustle involved ferrying the crew of Dr No to the local reefs in his dad's boat. He once said: 'I haven't got time to wait for 5% returns.' He lacked time for gays too. Butch's same-sex couples ban was lifted only when Ken Livingstone pulled Sandals ads from the Tube.

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121

Register

FREE

  • Up to 4 free articles a month
  • Free email bulletins

Register Now

Become a subscriber

From £66 a quarter

  • Full access to managementtoday.co.uk
  • Exclusive event discounts
  • Management Today's print magazine
  • Plus lots more, including our State of the Industry Report.

Choose a Package