#2801

Michael Spencer

United Kingdom 71 years old Self-Made

Overview

Source of Wealth
Stock exchange
Residence
London, Suffolk
Education
Oxford University (Bachelor of Arts/Science)
Marital Status
Married
Children
3

Assets

  • CME Group
    0 shares @ -
    -
    CME-US

Biography

Spencer founded inter-broker dealer NEX Group (formerly ICAP), which was acquired by CME Group in 2018 for $5.4 billion.

After the half stock, half cash deal, Spencer was granted 3 million shares of CME.

He now owns and runs private IPGL Group, which has more than ?1 billion in assets.

A loyal Tory, Spencer served as the Conservative Party's treasurer from 2006 to 2010.

Spencer was granted peerage by UK Prime Minister Boris Johnson, and now sits in the House of Lords.