Sir Allen Sugar Biography

Alan Sugar, the son of a tailor, dropped out of school at the age of 16 and began selling vehicle aerials and electrical equipment from a van he acquired for �100. He established Amstrad at the age of 21. (Alan Michael Sugar TRADing). Two years later, he was producing low-cost hi-fi turntable coverings, and Amstrad was listed on the London Stock Exchange in 1980. The 80s was a golden moment for Sir Alan, with his company's share price tripling in value every year. In 1986, he introduced a low-cost word processor that caught Europe by storm. In order to keep up with the trends, he now manufactures set-top boxes and personal video recorders. Sir Alan became Chairman of Tottenham Hotspur FC in 1991 and was the club's largest single stakeholder until last year. Sugar sold his Amstrad empire to Sky in July 2007, although he remains Chairman. Sugar's sister firms, Amsair, which provides business and executive aircraft to a variety of high-profile clients worldwide, and Amsprop, an investment firm he co-owns with his son, Daniel, maintain him in the corporate world, while The Apprentice keeps him in the public spotlight. Sugar was knighted in 2000 for his contributions to business. He possesses two honorary Doctorates of Science degrees, conferred by City University and Brunel University separately. He supports several organisations, including Great Ormond Street Hospital, the Hackney Empire, and Jewish Care. He has been appointed to the Treasury Industry Team, where he advises Gordon Brown on young enterprise.

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