Source of Wealth:Haircare products (Good Hair Day)
Celebrity endorsements have boosted sales of GHD’s range of products. In 2007, a £160m management buyout was launched by Penny, backed by Montague Private Equity.
He made more than £21.3m from selling down his stake but left its Skipton parent company, Jemella Group, in 2008. The Sunday Times Rich List valued his net worth at £62 million.
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