Stephen Rubin

Last updated

Stephen Rubin
OBE
Born
Robert Stephen Rubin

December 1937 (age 86)
NationalityBritish
Education Canford School
Alma mater University College London
Occupation(s)Chairman, Pentland Group
SpouseAngela Rubin
Children4

Robert Stephen Rubin OBE (born December 1937), is a British billionaire businessman. He is the chairman, and co-owner (alongside members of his family) of Pentland Group, the holding company for a number of sporting goods companies, based in Finchley, north London. As of May 2021, his net worth was estimated at £6.4 billion.

Contents

Early life

Robert Stephen Rubin was born in December 1937. [1] After attending Canford School in Dorset, Rubin graduated from University College London in 1958 with a degree in law, with the intention of becoming a barrister. [2]

Career

After he unsuccessfully stood for the House of Commons at Streatham as a Liberal Party parliamentary candidate in 1959, aged 21, [2] [3] he joined the Liverpool Shoe Company, founded by his parents, Berko and Minnie Rubin, [2] [4] immigrants from eastern Europe. [5] He was joint managing director with his father for 10 years until his father's death in 1969, when he took the role of chairman. [2]

Rubin transformed the company, renamed Pentland Group in 1973, [2] into the UK's largest sports apparel and footwear company, [6] owning a number of brands including Berghaus, Brasher, Ellesse, Hunter, Mitre and Speedo, amongst others. It is also the majority owner of JD Sports Fashion plc. [7] Its success largely came from an investment in August 1981, acquiring 55% of Reebok for US$77,500. By 1983/84, Reebok accounted for 70% of Pentland's turnover. Pentland's shares rose from 55p at the start of 1984 to £3 at the end of the year and up to £10 in 1985, while profits rose from £1 million in 1983 to £12.9 million in 1985. [8] Rubin then sold off Pentland's stake in Reebok for US$770m in 1991. [2] [3] [7]

Rubin was chairman and chief executive of Pentland until 1998 when he split his role and appointed his son, Andrew, chief executive, retaining the post of chairman. [4]

Rubin took Pentland private in 1999 to focus on longer-term investments. [6] However, it appears that City institutions were unhappy with the way Rubin was running the company, which had underperformed the market by 40% since it floated in 1989. [4] Rubin served as World Chairman of the Textile Institute from 1994 to 2006. From 1995 to 1998 and again from 1999 to 2001, he was president of the World Federation of the Sporting Goods Industry. He is also a board member of the Brussels-based organization CEJI - A Jewish Contribution to an Inclusive Europe.[ citation needed ]

In January 2019 he was named by the Sunday Times as Britain's top ranking taxpayer with a tax liability of £181.6m. [9] The following year he was named second on the same list, having paid £143.9m in tax. [10]

Honours and awards

Rubin was appointed OBE in the 2003 New Year's Honours List for services to business and human rights. [11] The International Jewish Sports Hall of Fame honoured him with the 2008 Lifetime Achievement Award. [12] On 21 July 2010, Rubin was awarded an honorary Doctorate of Art (DArt) by Nottingham Trent University. [13]

Personal life

He is married to Angela, they have four children, and live in London. [14] [15]

According to the Sunday Times Rich List in 2021, Rubin has a net worth of £6.394 billion, an increase of £2.169 billion from 2020. [16]

Related Research Articles

<span class="mw-page-title-main">Chris Brasher</span> London marathon co-founder, athlete, journalist

Christopher William Brasher CBE was a British track and field athlete, sports journalist and co-founder of the London Marathon.

The Sunday Times Rich List is a list of the 1,000 wealthiest people or families resident in the United Kingdom ranked by net wealth. The list is updated annually in April and has been published as a magazine supplement by British national Sunday newspaper The Sunday Times since 1989. The editorial decisions governing the compilation of the Rich List are published in the newspaper and online as its "Rules of engagement".

<span class="mw-page-title-main">Maurice Saatchi, Baron Saatchi</span> British businessman and politician (born 1946)

Maurice Nathan Saatchi, Baron Saatchi is a British businessman, and with his brother, Charles, co-founder of the advertising agencies Saatchi & Saatchi and M&C Saatchi.

<span class="mw-page-title-main">James Dyson</span> British inventor, industrial designer, farmer and business magnate (born 1947)

Sir James Dyson is a British inventor, industrial designer, farmer, and business magnate who founded the Dyson company. He is best known as the inventor of the bagless vacuum cleaner, which works on the principle of cyclonic separation. According to the Sunday Times Rich List 2023, he is the fifth-richest person in the United Kingdom, with an estimated family net worth of £23 billion. As of March 2024, Forbes lists Dyson's net worth as $13.4 billion.

<span class="mw-page-title-main">Philip Harris, Baron Harris of Peckham</span> British businessman and peer (born 1942)

Philip Charles Harris, Baron Harris of Peckham, is an English businessman and politician. A prominent Conservative Party donor, before switching to Labour in 2024, Harris is a member of the House of Lords.

<span class="mw-page-title-main">Robert Rubin</span> American banking executive, lawyer, and government official

Robert Edward Rubin is an American retired banking executive, lawyer, and former government official. He served as the 70th U.S. Secretary of the Treasury during the Clinton administration. Before his government service, he spent 26 years at Goldman Sachs, eventually serving as a member of the board and co-chairman from 1990 to 1992.

Sir Christopher Charles Gent HonFREng is a British businessman, He is the former chief executive officer of Vodafone, a British multinational mobile phone company. Until 2015, he served as the non-exec chairman of GlaxoSmithKline, the world's fourth largest pharmaceutical company. According to the Financial Times 15th August 2022, he was fined £80,000 by the FCA for insider trading.

<span class="mw-page-title-main">Columbia Sportswear</span> American company that manufactures and distributes outerwear and sportswear

The Columbia Sportswear Company is an American company that manufactures and distributes outerwear, sportswear, and footwear, as well as headgear, camping equipment, ski apparel, and outerwear accessories.

<span class="mw-page-title-main">John McFarlane</span> British businessman

John McFarlane OBE is a British businessman. He served as group chairman of Barclays from 2015 to 2019. From 2020 to 2023, McFarlane served as Chairman of Westpac.

Stephen Peter Morgan is an English businessman, investor, and philanthropist. He is the founder and former chairman of the housebuilders Redrow plc, a former chairman of Wolverhampton Wanderers F.C., and founder of the charitable Steve Morgan Foundation.

<span class="mw-page-title-main">Champion (sportswear)</span> Athletic apparel brand

Champion is a brand of clothing, specializing in sportswear owned and marketed by American apparel company Hanesbrands, which was spun off by the Sara Lee Corporation in 2006. The company was originally based in Rochester, New York, prior to its acquisition by Sara Lee in 1989. Champion is Hanes' second-largest brand.

<span class="mw-page-title-main">Pentland Group</span> British textile and footwear company

Pentland Group is a British privately held global company that owns and invests in, primarily, retail and wholesale businesses in the sports, outdoor and sports fashion sectors.

Informa plc is a British publishing, business intelligence, and exhibitions group based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">Reebok</span> Footwear and clothing company

Reebok International Limited is an American fitness footwear and clothing brand that is a part of Authentic Brands Group. It was established in England in 1958 as a companion company to J.W. Foster and Sons, a sporting goods company which had been founded in 1895 in Bolton, Lancashire. From 1958 until 1986, the brand featured the flag of the United Kingdom in its logo to signify the origins of the company. It was bought by German sporting goods company Adidas in 2005, then sold to the United States-based Authentic Brands Group in 2021. The company's global headquarters are located in Boston, Massachusetts, in the Seaport District.

<span class="mw-page-title-main">Belle International</span> Chinese womens shoe retailer

Belle International Holdings Limited is a women's shoe retailer in China, with 22% of the domestic market share. It is engaged in the manufacturing, distribution, and retail sales of footwear products. As of its IPO in May 2007, the company had 3,828 retail outlets in 150 cities in China and 35 in Hong Kong, Macau and the US.

Nick Leslau, born 18 August 1959, is an English commercial property investor, with an estimated net worth of £400 million. Leslau is chairman and chief executive of Prestbury Investment Holdings Limited, and chairman of Prestbury Investments LLP. He is a 30 percent shareholder in Prestbury's AIM listed Secure Income REIT, which owns tourist attraction venues such as Thorpe Park, Warwick Castle, and Alton Towers on a long-term lease to Merlin Entertainments. Secure Income REIT also owns 20 private hospitals and 55 Travelodge hotels in the UK.

<span class="mw-page-title-main">Stephen Hester</span> British banker (born 1960)

Sir Stephen Alan Michael Hester is a British businessman and former banker. He is chairman of Nordea Bank and easyJet, and the former chief executive of RSA Insurance Group and British Land.

<span class="mw-page-title-main">Jim McColl</span> Scottish billionaire businessman

James Allan McColl OBE is a Scottish businessman who is the chairman and chief executive officer of Clyde Blowers. He was a member of the Council of Economic Advisors.

Simon Justin Nixon is a British billionaire businessman, the co-founder of and former deputy chairman of Moneysupermarket.com.

Michael Sherwood, also known as Woody, is a British banker. He served as the vice-chairman of Goldman Sachs and the co-chief executive officer of Goldman Sachs International until November 2016.

References

  1. ↑ "Pentland Group plc". Companies House. Retrieved 6 December 2015.
  2. 1 2 3 4 5 6 Neel, Julia (26 November 2012). "Hall of Fame: Stephen Rubin". Footwear News. Retrieved 18 December 2013.(subscription required)
  3. 1 2 "Sportswear veteran swoops again". Financial Times. 3 February 2011. Retrieved 16 December 2013.(subscription required)
  4. 1 2 3 Ahmad, Sameena (4 September 1997). "Concern as sportswear boss gives son top job" . Independent. Archived from the original on 25 May 2022. Retrieved 13 December 2013.
  5. ↑ Onita, Laura (17 May 2021). "Change afoot at billionaire Rubin family's Pentland Group". The Daily Telegraph. Retrieved 26 May 2022.
  6. 1 2 Tyler, Richard (16 October 2003). "Pentland's private route to 'best UK workplace'". Telegraph. Retrieved 13 December 2013.
  7. 1 2 "About Us". Pentland Group plc. Retrieved 15 December 2013.
  8. ↑ Blakey, George G. (2010). A History of the London Stock Market 1945–2009. Harriman House. ISBN   978-1906659622.
  9. ↑ Watts, Robert. "The Sunday Times Tax List 2019: Britain's top taxpayers revealed". www.thetimes.co.uk. Retrieved 27 January 2019.[ verification needed ]
  10. ↑ Watts, Robert. "The Sunday Times Tax List 2020: meet Britain's top 50 tax payers". The Times . ISSN   0140-0460 . Retrieved 16 December 2020.
  11. ↑ "No. 56797". The London Gazette (Supplement). 31 December 2002. p. 12.
  12. ↑ "R. Stephen Rubin". International Jewish Sports Hall of Fame. Retrieved 13 December 2013.
  13. ↑ Stephen Rubin OBE - NTU Honorary Graduate - 21st July 2010. YouTube. 21 July 2010.
  14. ↑ "Forbes profile: Stephen Rubin". Forbes. Retrieved 26 May 2022.
  15. ↑ "Switzerland - Lacoste and JP Morgan Cocktail in Geneva". Getty Images. Retrieved 26 May 2022.
  16. ↑ "The Sunday Times Rich List 2021". www.thetimes.co.uk. Retrieved 10 September 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.