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Martin Penny Net Worth

Martin Penny Net Worth

Net Worth: $93 Million

  • Source of Wealth Haircare products (Good Hair Day)
  • Nationality United Kingdom

About Martin Penny

Penny was one of three co-founders of Good Hair Day, set up in 2001.He invested £15,000 in the business after a hairdresser friend showed him a styling iron he had been sent by a Korean inventor.

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.