Tom Morris

Tom Morris founded TJ Morris, which owns discount retailer Home Bargains, in 1976.

One of seven children of a Liverpool shopkeeper, he is the third generation of his family to run a retailer.

Morris, who closely guards his privacy, reportedly used a bank overdraft to start his business at the age of 21.

Home Bargains stocks everything from health and beauty products to candy and toys, often bought at a discount from brands trying to offload product.

There are more than 550 Home Bargains stores throughout the United Kingdom, with plans to expand to as many as 1,000.