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Paul McGowan Net Worth

Paul McGowan Net Worth

Net Worth: $48 Million

Statistics
  • Source of Wealth Finance
  • Birth Place Ireland
  • Marital Status Married
  • Full Name Paul McGowan
  • Nationality British
  • Occupation Executive Chairman and Founding Partner, Hilco UK Limited
  • Education University of Ulster (BA Accountancy)
  • Children 3
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About Paul McGowan

Belfast-born McGowan, 49, founder and chief executive of the turnaround specialist Hilco UK, took salary and dividends totaling £5.6m in 2009. A former accountant, he was the chief architect of Hilco’s acquisitions of the Borders bookshop chain and Allied Carpets. Both had been struggling and had failed to find buyers. McGowan, who lives in Dundalk, also snapped up the 200-year-old pottery maker Denby and the Habitat furnishings chain. The London-based company has offices in Ireland, Germany, Spain and South Africa. Hilco’s profit jumped 82% to £16.9m in 2009 with turnover up 96% to £95.8m. McGowan holds a 20% stake in Hilco UK. McGowan was able to bomb out high street brands and fix them so they can provide significant profits. He is a financier based in Dundalk who was active in Ireland with deals for HMV and A-Wear. However, the hoped-for turnaround for Xtravision did not materialize. The former accountant born in Belfast McGowan stepped down as Hilco’s chief executive last January to become the chairman responsible for the UK and international business development. This new role will allow McGowan to oversee the progress of Hilco’s operating companies in South Korea, Canada, the USA, and the UK. He currently has a net worth of 58 million dollars.

Earnings & Financial Data

The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of Paul McGowan's net worth by breaking down the most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more.

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Choose Year
  • Earnings 2014
  • Earnings 2013
  • Earnings 2011
Earnings 2014 N/A
Earnings Oct. 2014

Payout shared by the two directors of Hilco, Paul McGowan and his partner Andrew Pepper after rescuing the entertainment store HMV

$1,850,000
Earnings 2013 N/A
Asset May. 2013

Purchase of the DVD and CD retailer HMV Canada from administrator Deloitte

$65,950,000
Asset Apr. 2013

Purchase of the DVD and CD retailer HMV UK

$65,970,000
Asset Jan. 2013

Purchase value of HMV's £176m of debt

$52,760,000
Earnings 2011 N/A
Asset Oct. 2011

Purchase value of the Irish Fashion retailer A|wear

$82,410,000
Misc. Jun. 2011

Funding to help 121 locations of HMV Canada

$25,000,000
Asset Jan. 2011

Working capital to extend the administration period and secure a more orderly disposal of the assets of the Allders Department Store chain debt

$217,690,000
Sale of Asset Jan. 2011

Sales from negotiating deals with concession houses

$39,580,000
Sale of Asset Jan. 2011

Sale of stocks

$263,860,000
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