John Caudwell
Overview
- Source of Wealth
- Mobile phones
- Industry
- Telecom
- Residence
- Stoke-on-Trent
- Marital Status
- Divorced
- Children
- 7
Biography
John Caudwell founded mobile phone retailer Phones 4u before selling his stake in 2006 and 2011.
Born into a working-class family, he and brother Brian first started selling mobile phones in 1987.
Six years later the brothers founded Singlepoint, a mobile service provider that was acquired by Vodafone in 2003 for $650 million.
Caudwell pumped his share of the money into Phones 4u, which grew into the U.K.'s largest independent mobile phone retailer.
Three years later he sold a majority stake to Providence Equity Partners for $2.8 billion and, in 2011, unloaded the remaining 25% for $272 million.
About
Caudwell is dating Lithuanian cycling champion and former Olympian Modesta Vzesniauskaite.
In 2018 he was ordered to pay a former financial advisor nearly $645,000 for wrongful dismissal but claimed victory as she had sought $25.8 million.