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Self-made millionaire Sanjay Vadera has an estimated net worth of $11 million. He was born in Uganda but lives in Bolton, Lancashire. He was five years old when his family moved to England as refugees from Uganda in 1972 to escape the regime of dictator Idi Amin.
Vadera and his family had to leave everything behind, especially the good life they had in Uganda and arrived in Britain with nothing. He went to Manchester Polytechnic where he studied computer science and physics. While he was in his second year, he had to work part-time in a menswear shop. There he met a fragrance wholesaler who invited him to work as a sales representative. Since he was not really enjoying his degree, he grabbed the opportunity to sell fragrance on a full-time basis and worked with the wholesaler for six months. In 1990, he decided to set up his own business in Manchester and named it Per-Scent.
At 43, Vadera initially became a supplier of wholesale fragrances to small retailers before winning contracts with mass-market firms. He sold 65% of his stake to an outside investor in 2005, netting about £42m. In 2006, he bought the Fragrance Shop, with outlets across the UK, for £20m. He holds at least 20 company directorships, and in 2009-10, two operations, Cartoon (Holdings) and Per-Scent, together made a £10.5m profit on £106m sales. The family's stake in these is uncertain, but there are other assets.
Earnings & Financial Data
Date |
Category |
Description |
Amount |
---|---|---|---|
2018 |
Earning Turned Donation |
Money raised from charitable donations for UK children’s charities by The Fragrance Shop Spray A Little Happiness Foundation |
$1,270,000 |
2018 |
Earnings |
EBITDA of Sanjay Vadera's Manchester-based Per-Scent that supplies fragrances to small retailers for the year 2017 |
$21,710,000 |
2018 |
Earnings |
Total consolidated net sales of Sanjay Vadera's Manchester-based Per-Scent that supplies fragrances to small retailers for the year 2017 |
$159,240,000 |
2017 |
Earnings |
Sales of Sanjay Vadera's Manchester-based Per-Scent that supplies fragrances to small retailers for the year 2017 |
$68,930,000 |
2017 |
Earnings |
EBITDA of Sanjay Vadera's Manchester-based Per-Scent that supplies fragrances to small retailers for the year ending 31 March 2017 |
$19,870,000 |
2017 |
Earnings |
Annual turnover of Sanjay Vadera's Manchester-based Per-Scent that supplies fragrances to small retailers for the year ending 31 March 2017 |
$147,350,000 |
2012 |
Earnings |
EBITDA of Sanjay Vadera's Manchester-based Per-Scent that supplies fragrances to small retailers for the year 2012 |
$12,500,000 |
2012 |
Earnings |
Annual turnover of Sanjay Vadera's Manchester-based Per-Scent that supplies fragrances to small retailers for the year 2012 |
$92,090,000 |
2008 |
Earnings |
Sales of Sanjay Vadera's Manchester-based Per-Scent that supplies fragrances to small retailers for the year 2008 |
$32,890,000 |
2008 |
Earnings |
Profit of Sanjay Vadera's Manchester-based Per-Scent that supplies fragrances to small retailers for the year 2008 |
$3,680,000 |
2007 |
Earnings |
Profit of Sanjay Vadera's Manchester-based Per-Scent that supplies fragrances to small retailers for the year 2007 |
$5,660,000 |
2005 |
Sale of Asset |
Sale of 65% of Sanjay Vadera's stake in Manchester-based Per-Scent that supplies fragrances to small retailers to an Icelandic investor |
$55,250,000 |
1993 |
Earnings |
Annual turnover of Sanjay Vadera's Manchester-based Per-Scent that supplies fragrances to small retailers for the year 1993 |
$7,890,000 |
1990 |
Asset |
Money spent by Sanjay Vadera for the establishment of Manchester-based Per-Scent that was able to supply to retailers such as Asda and Superdrug |
$25,320 |