James Hay (entrepreneur)

Last updated

James Hay
Born (1950-06-07) 7 June 1950 (age 73)
Glasgow, Scotland
Education University of Strathclyde (BSc and PhD)
TitleFounder and chairman, JMH Group
SpouseFitriani Hay
Children2 daughters

James "Jim" Hay (born 7 June 1950) is a Dubai-based Scottish businessman. He is the chairman of Dubai-based JMH Group, a private family business operating in the construction and luxury goods markets. [1] Hay and his wife Fitriani are racehorse owners and trainers, and significant donors to the Conservative Party.

Contents

According to The Sunday Times Rich List in 2019, he is worth £325 million. [2]

Early life

Hay was born in Glasgow. [3] He studied there at the University of Strathclyde, earning a bachelor's degree and PhD in applied chemistry. [1] In 2013 he was welcomed to the ‘Strathclyde Academy of Distinguished Entrepreneurs’ for his work with the JMH Group/Fosroc. [4]

Career

In 1975, Hay joined BP as an engineer and went on to spend 27 years there. [5] He went on to become a senior executive at BP. [6]

In 2002, Hay founded the JMH Group, a private business which in 2014 was reported as having turnover in excess of $600m. [5] [7] He is chairman of JMH Group which includes Fosroc as well as luxury goods brands Ray Ward, Bernard Wetherill (Savile Row men's outfitters) and Fitriani (women's fashion design and retailer).

Hay acquired construction company Fosroc. [8]

Horse racing

In 2006 Hay purchased Uplands, The Lambourn Yard from John and Lavinia Taylor. [9] In 2008 the Hay family were reported to have topped the list of buyers at South Africa’s yearling sales. [10]

In 2011, they purchased a share in Irish Derby and Champion Stakes winner Cape Blanco and four-time Group 1 winner Fame and Glory. [11] [12] Fame and Glory went on to win the 2011 Ascot Gold Cup, on a day when the Hays were invited to join the Queen's Royal procession in open-topped carriages from Windsor Castle. [13]

Birch Grove

Birch Grove entrance gates Birch Grove entrance - geograph.org.uk - 21205.jpg
Birch Grove entrance gates

In 2011, Hay and his wife Fitri purchased Birch Grove, the former home of Harold Macmillan in West Sussex. The estate includes a private golf course. [13]

Personal life

Fitriani Hay at British Polo Day Morocco in 2015 Fitriani Hay at British Polo Day Morocco (cropped).jpg
Fitriani Hay at British Polo Day Morocco in 2015

On 25 August 1996, Hay married Fitriani "Fitri". [14] [3] Fitriani was born in Jambi, Sumatra, Indonesia. [3] They live in Dubai, and have two daughters. [14] [3]

In 2015, Fitriani Hay was the second-largest donor to the British Conservative Party, with £66,850. [15] In 2017, she had donated £125,000. [16] In 2022, she was the largest single donor to Liz Truss's leadership campaign, with £100,000. [17]

Related Research Articles

<span class="mw-page-title-main">Dubai Millennium</span> British-bred Thoroughbred racehorse

Dubai Millennium was a British-bred Thoroughbred racehorse and sire. The colt was trained in the United Kingdom and Dubai during his racing career from 1998 and 2000. He is notable for winning a series of major races in 1999 and 2000, including the Dubai World Cup. He died after contracting grass sickness at the age of five.

<span class="mw-page-title-main">Timeform</span> Sports data and content provider in England

Timeform is a sports data and content provider located in Halifax, West Yorkshire, England. Founded in 1948, it provides systematic information on form to punters and others involved in the horse racing industry. The company was purchased by the sports betting exchange Betfair in December 2006. Since 2 February 2016, it has been owned by Flutter Entertainment.

<span class="mw-page-title-main">Jamie Spencer</span> Irish flat racing jockey (born 1980)

Jamie Spencer is an Irish flat racing jockey currently riding in the UK. He has been champion jockey in both Ireland and Britain and has won seven classics, five in Ireland and two in England. Spencer is an advocate for the art of holding up horses late into the races, and then making use of their natural dash of speed.

Anthony Paul Bamford, Baron Bamford, is a British billionaire businessman who is the chairman of J.C. Bamford Excavators Limited (JCB). He succeeded his father, Joseph Cyril Bamford, as chairman and managing director of the company in 1975, at the age of 30. He was knighted in 1990 at the age of 45. He has appeared in the Sunday Times Rich List, and in 2021 his net worth was estimated at US$9.48 billion. Bamford is a car collector whose collection includes two examples of the rare Ferrari 250 GTO, valued upwards of $70 million each.

François Doumen is a retired French racehorse trainer. From 1956 to 1970 he was an amateur jockey, and he then worked as an assistant trainer to his father Jean. As a young man he had also been a competitive slalom skier. He obtained his own training licence in 1977 and retired in August 2017 after suffering ill health.

<span class="mw-page-title-main">St Nicholas Abbey (horse)</span> Irish-bred Thoroughbred racehorse

St Nicholas Abbey was an Irish thoroughbred racehorse. He was the leading European two-year-old of 2009 and recovered from a disappointing three-year-old season to win the Coronation Cup and the Breeders' Cup Turf in 2011. He won the Coronation Cup for a second time in 2012 and the Dubai Sheema Classic in 2013. In June 2013 he won the Coronation Cup for an unprecedented third time. He was briefly the biggest money-winning racehorse trained in Europe. His career was ended prematurely due to injury in July 2013, and he was euthanized on 14 January 2014 while undergoing colic surgery.

<span class="mw-page-title-main">Liz Truss</span> Prime Minister of the United Kingdom in 2022

Mary Elizabeth Truss is a British politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from September to October 2022. On her fiftieth day in office, she stepped down amid a government crisis, making her the shortest-serving prime minister in British history. The member of Parliament (MP) for South West Norfolk since 2010, Truss previously held various Cabinet positions under prime ministers David Cameron, Theresa May and Boris Johnson, lastly as foreign secretary from 2021 to 2022.

<span class="mw-page-title-main">George Freeman (politician)</span> British Conservative politician

George William Freeman is a British Conservative Party politician serving as the Member of Parliament (MP) for Mid Norfolk since 2010, he previously served as Minister for Science, Research and Innovation from September 2021 until his resignation in July 2022, and again from October 2022 until November 2023.

Marcus Armytage [born 17 July 1964] is a journalist and former National Hunt jockey who won the Grand National as an amateur in 1990, riding Mr Frisk. He was educated at Eton College. Armytage's win in the 1990 Grand National on Mr Frisk came in a record time of 8m 47.80sec. It remains now the only sub nine-minute National, smashing Red Rum's previous record from 1973 by some 14 seconds, even though the race has been shortened since 2013. Armytage was the last amateur rider to win the race until 2022, when Sam Waley-Cohen won on Noble Yeats.

<span class="mw-page-title-main">Rachel Hood</span>

Rachel Hood is an English classic-winning thoroughbred racehorse owner.

<span class="mw-page-title-main">Frankel (horse)</span> British Thoroughbred racehorse

Frankel is a retired champion British Thoroughbred racehorse and current sire. He was unbeaten in his fourteen-race career and was the highest-rated racehorse in the world from May 2011. He was trained by Henry Cecil in Newmarket and ridden in all his races by Tom Queally.

<span class="mw-page-title-main">Nayef (horse)</span> American-bred, British-trained Thoroughbred racehorse

Nayef is a retired Thoroughbred racehorse and active sire. Bred in the United States and trained in the United Kingdom, his racing career ran from 2000 to 2003. He is best known for winning a series of important races, including four Group One races: the Champion Stakes, the Dubai Sheema Classic, the International Stakes and the Prince of Wales's Stakes.

Teofilo is a retired Irish Thoroughbred racehorse and active stallion. In a racing career that lasted only four months in 2006 he became the European Champion Two-Year-Old of 2006, and retired undefeated after five starts. He won two Group One races: the National Stakes in Ireland and the Dewhurst Stakes in England. He was made favourite for both the 2000 Guineas and The Derby but suffered a knee injury in April 2007 which ended his racing career. He is currently standing at stud in County Kildare.

<span class="mw-page-title-main">Camelot (horse)</span> British-bred, Irish-trained Thoroughbred racehorse

Camelot is a British-bred, Irish-trained thoroughbred racehorse. He was one of the leading European two-year-olds of 2011 and won the Racing Post Trophy at Doncaster. On his three-year-old debut in 2012, Camelot won the 2000 Guineas at Newmarket and followed up by winning the Derby at Epsom and the Irish Derby at the Curragh. His bid for the Triple Crown failed narrowly when he finished runner-up in the St Leger.

Rule of Law, is a retired World Champion Thoroughbred racehorse and active sire who was bred in the United States but trained in Britain. In a career which lasted from June 2003 until September 2004, he ran nine times and won four races. He recorded his most important victory when winning the Classic St. Leger Stakes on his final racecourse appearance. He had previously finished second in the 2004 Epsom Derby.

The Cartier Horse of the Year is an award in European horse racing, founded in 1991, and sponsored by Cartier SA as part of the Cartier Racing Awards. The award winner is decided by points earned in group races plus the votes cast by British racing journalists and readers of the Racing Post and The Daily Telegraph newspapers.

<span class="mw-page-title-main">Talent (horse)</span> British-bred Thoroughbred racehorse

Talent is a British Thoroughbred racehorse, best known for winning the classic Oaks Stakes in 2013.

<span class="mw-page-title-main">Solow (horse)</span> British-bred Thoroughbred racehorse

Solow is a British-bred, French-trained Thoroughbred racehorse. After showing moderate form in his first two seasons, he won five of his six races as a four-year-old in 2014 including the Prix Quincey and the Prix Daniel Wildenstein. In 2015, he emerged as one of the best racehorses in the world with a win in the Dubai Turf and followed up with victories in the Prix d'Ispahan, Queen Anne Stakes, Sussex Stakes, and Queen Elizabeth II Stakes.

The July–September 2022 Conservative Party leadership election was triggered by Boris Johnson's announcement on 7 July 2022 that he would resign as Leader of the Conservative Party and Prime Minister of the United Kingdom, following a series of political controversies.

<span class="mw-page-title-main">Premiership of Liz Truss</span> Period of the Government of the United Kingdom in 2022

Liz Truss's tenure as Prime Minister of the United Kingdom began on 6 September 2022 when she accepted an invitation from Queen Elizabeth II to form a government, succeeding Boris Johnson, and ended 49 days later on 25 October upon her resignation. While prime minister, Truss also served as First Lord of the Treasury, Minister for the Civil Service, and Minister for the Union.

References

  1. 1 2 "Jim Hay Bio". University of Strathclyde. Archived from the original on 6 October 2014. Retrieved 5 September 2014.
  2. Times, The Sunday (12 May 2019). "Rich List 2019: profiles 351-399=, featuring the Queen, Elton John and David Beckham". ISSN   0140-0460 . Retrieved 7 November 2019.
  3. 1 2 3 4 McQueen, Catherine (26 December 2019). "In conversation with Fitri and James Hay Racing's Golden Couple". Ccercle. Retrieved 8 September 2022.
  4. "Jim Hay Wins Award at 2013 Event". University of Strathclyde.
  5. 1 2 "Strathclyde People Spring 2009" (PDF). Strath.ac.uk. Archived from the original (PDF) on 24 September 2015. Retrieved 5 September 2014.
  6. Armytage, Marcus (16 August 2006). "Owner plans to make hay at Uplands" (Press release). London: The Telegraph. Retrieved 5 September 2014.
  7. "JMH Group Company Overview". Bloomberg Business Week. Archived from the original on 5 September 2014. Retrieved 5 September 2014.
  8. "Fosroc Company Overview". The Construction Index.
  9. Armytage, Marcus (3 August 2005). "Uplands to Change Hands" (Press release). London: The Telegraph. Retrieved 5 September 2014.
  10. Hogg, Alec (5 April 2008). "Foreigners scoop SA bloodstock cream" (Press release). MoneyWeb. Retrieved 5 September 2014.
  11. "Tom Tate Parts Company with Jim & Fitri Hay". Racing Post.
  12. "NTRA Bio on Jim Hay". Racing Post.
  13. 1 2 Eden, Richard (6 November 2011). "Carole Middleton's racehorse-owning friend Dr Jim Hay buys Harold Macmillan's former home" (Press release). The Telegraph. Archived from the original on 6 November 2011. Retrieved 5 September 2014.
  14. 1 2 Wood, Greg (24 March 2011). "Jim Hay hopes to bring peace to warring Coolmore and Darley factions". The Guardian. Retrieved 8 September 2022.
  15. Singh, Arj (16 April 2015). "Tory election war chest swelled by business chiefs - and biggest one's named Mr Tory". The Daily Mirror. Retrieved 8 September 2022.
  16. Taylor, Joshua (2 June 2017). "Faces of the mega-rich Tory donors helping raise £19,000 an hour to get Theresa May back into power". The Daily Mirror. Retrieved 8 September 2022.
  17. Allegretti, Aubrey (8 September 2022). "Liz Truss reveals campaign donation of £100,000 from wife of ex-BP executiv". The Guardian. Retrieved 8 September 2022.