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Kip Bertram and his late mother Elsie made £35 million from selling their Norwich-based wholesaler Bertram Books. Bertram moved into property development. Bertram books revolutionized book distribution in the United Kingdom.
Nowadays, Bertrams is the United Kingdom's second largest books wholesaler. The founders of this company were Elsie and Kip Bertram. It is based on a business that Elsie ran since 1965 inside a chicken shed found at the garden of her home in Norwich. Until now, the company still has independent booksellers as its core customers.
In the year 2007, the Woolworths Group brought Bertrams. On March 20, 2009, Bertrams was bought in a "pre-pack" deal by the Smiths News which is now the Connect Group. Kip and his family has an estimated net worth of $134.84 million.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2014 |
Sale of Asset |
Sale of a percentage of Kip Bertram and his family's stake in Bertram Books to Smiths News |
$11,260,000 |
|
2014 |
Asset |
Estimated value of Kip Bertram and his family's stake in Bertram Books |
$45,820,000 |
|
2014 |
Contract |
Kip Bertram and family's deal to merge with Cypher, a public library supplier |
$70,690,000 |
|
2009 |
Asset |
Estimated value of Kip Bertram and his family's stake in Bertram Books after merging with Cypher |
$45,820,000 |
|
1994 |
Salary |
Annual salary as a book wholesaler |
$759,260 |