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We will answer all your questions regarding him Like: how old is he? Where does he live? How tall is he? Where is he now? How did he earn his net worth? Is he still alive or dead? How much is Paul Kemsley Net Worth in 2024 according to Forbes?
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Who is Paul Kemsley?
Paul Kemsley is a prominent English businessman, real estate developer, and media personality. Since 2016, he and his wife, Dorit Kemsley, have appeared on the American reality show The Real Housewives of Beverly Hills.
He previously served as Vice Chairman of Premier League club Tottenham Hotspur and is currently Chairman of the New York Cosmos.
The Successful Businessman Paul Kemsley Net Worth is calculated to be $50 Million according to 2024 Update.
Paul Kemsley Net Worth & Professional Career
Kemsley had dropped out of high school by 1984 and was working as a junior surveyor for Gross Fine. From 1985 to 1992, Kemsley worked as an agent at Ross Jaye, a commercial real estate firm. He left in 1992 to work with his old friend Ashley at Sports Direct, where he helped the company grow.
Paul Kemsley founded a property and securities firm with “the £1,800 he had left in his pocket” after deciding to go alone in 1995.
Spurs chairman Daniel Levy and Joe Lewis of British investment firm ENIC Group formed Rock Joint Ventures Ltd. Rock bought and sold commercial and residential real estate. Still, his primary focus was land trading.
In addition, the firm had a private hedge fund that invested strategically in public companies, with the most well-known example being the sale of a 28% stake in Countryside Properties plc to the company’s chairman in 2004 for a profit of £12 million.
In that year, the total value of Rock’s real estate holdings was estimated to be £750,000,000. Lewis left the firm sometime around that time. It partnered with HBOS to build a £1 billion real estate portfolio.
However, Kemsley’s involvement with Rock came to an end in June 2009, when Rock was placed under administration as a result of the 2007-2010 financial crisis. PwC, the portfolio’s administrator, listed Selhurst Park stadium and other major properties for sale in October 2009.
Kemsley’s former business partners filed a lawsuit against HBOS, alleging he engaged in “self-dealing” with a $35 million personal loan from the bank.
Kemsley had a well-deserved reputation as a ruthless real estate competitor. His best real estate investment was the £40 million purchase in May 2006 of 27-35 Poultry, a City of London office building. Within five months, he had sold it for £72 million to a former Russian government minister.
He has made money with several online gambling companies, including Party Gaming, Betex (with a Chinese license), and FUN Technologies (listed on the AIM).
He was named to the Sunday Times Rich List in 2008, with an estimated personal fortune of £180 million and a reputation for charitable giving.
Spread betting company Spreadex sued him in May 2009, claiming he owed them £2 million in margin payments after making a series of large bets in September 2008 on the recovery of the failing US bank Lehman Brothers.
The Famous English Businessman Paul Kemsley Net Worth is Estimated to be $50 Million as of the 2024 Update.
Paul Kemsley Biography & Education
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Paul Kemsley was given birth to on 17 August 1967 in Stanmore, Middlesex, England. He went to Atholl School, which was located on Rayners Lane in Harrow. When Kemsley was 15, he worked Saturdays at John Paul Menswear, directly across the street from where Ashley had opened his first Sports World equipment store.
They would play darts for money in the middle of the day. Paul Kemsley Net Worth today is estimated to be $50 Million according to the 2024 Update
How much is Paul Kemsley Net Worth in 2024 by Forbes?
Paul Kemsley Net Worth today is estimated to be $50 Million, according to our research at Networth202.com. We found out that the famous English Businessman has made it big in his career
Paul Kemsley Bankruptcy Controversy
In March 2012, Kemsley declared bankruptcy, citing $34,000 in monthly expenses and $10,000,000 to $50,000,000. He owed money to several people and companies, including Spreadex, HMRC, HBOS, and Joe Lewis.
However, Barclays Bank continued to pursue legal action against him in the United States concerning a £5 million loan.
In March 2013, the trustee who filed for Chapter 15 bankruptcy in the United States received an initial negative ruling from the United States Bankruptcy Court. Kemsley was denied this application because he is “a bankrupt who doesn’t live like one,” according to Judge Peck.
Peck, on the other hand, challenged Barclays’ claim in state court two months later, claiming that the bank had “mousetrapped” itself by lending money to Kemsley.
Paul Kemsley Tenure at Tottenham FC & Companies
To start with, Before leaving Spurs in 2007, Kemsley served as the club’s Vice Chairman and Director from 2001 to 2006.
Although Levy stated that Kemsley was leaving to pursue his U.S. real estate interests, Kemsley’s sudden departure fueled rumors that his relationship with Levy had deteriorated.
Kemsley’s resignation came just weeks after he had been part of a delegation that traveled to Spain in an attempt to sign manager Juande Ramos, a move that was characterized as “mishandled” and which “undermined the club’s start to the Premier League season.”
Kemsley is well-known for her friendship with Mike Ashley, David Pearl, Sir Philip Green, and Lord Sugar. Kemsley’s influence can be traced back to Sugar, whom he befriended, ultimately leading to the ENIC/Levy partnership’s acquisition of a controlling stake in Tottenham Hotspur.
After Rock’s elimination, Kemsley was a regular on the UK BBC version of The Apprentice from 2005 to 2008 as an interviewer/advisor for Lord Sugar. He said he left because his position was meaningless after he declared bankruptcy. “Someone was bound to ask, “Who are you to interview anyone?” and the answer was always the same. You just declared bankruptcy.”
On Jeffrey Akiki’s recommendation, he led a 2010 revival of the New York Cosmos soccer club. As chairman, he represented the company’s anonymous majority owners, who were reportedly Saudi nationals, in public.
How old is Paul Kemsley? Height and Weight
The popular British Businessman known professionally as Paul Kemsley is reportedly in his 50s.
He stands pretty cool after we studied his height, we found out he stands at a height of 5 feet 5 inches Similarly, our report also shows his weight is around 77Kg
Is he alive or dead?
According to our research Networth202.com, he is still alive as of the 2024 update.
Watch Paul Kemsley Recent Youtube Interview
Summary
- He was born on 17 August 1967 in Stanmore, Middlesex, England
- His full name is “Paul Zeital Kemsley.”
- He is a famous and Successful English Businessman
- His net worth is estimated to be $50 Million as of the 2024 update.
- He was a former director and Vice Chairman of the English Football club, Tottenham
- He was named to the Sunday Times Rich List in 2008, with an estimated personal fortune of £180 million and a reputation for charitable giving
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