Net Worth: $51 Million
- Source of Wealth Retailing
- Nationality United Kingdom
About Stuart Rose
British businessman, Sir Stuart Rose has a net worth of £34 million as of April 2012, according to the Sunday Times UK Rich List. He was the executive chairman of the British retailer Marks & Spencer and was paid an annual salary of £1,130,000. The Marks & Spencer’s former chairman Sir Stuart Rose has risen from modest beginnings.
The son of a civil servant, he was born in Gosport and was educated at a Quaker boarding school before taking a job as an administration assistant at the BBC. He soon found his way into retail, joining Marks & Spencer as a management trainee in 1972. Rose stayed with the company until 1989, when he went to Burton Group. He was with Burton during its merger with Arcadia, and became chief executive of the combined group. He left Arcadia after an agreed £770m takeover by Sir Philip Green in 2002 after just 18 months in the job. He made £25.6m from the sale of his shares and options to Green. He also negotiated the sale of Argos to GUS, after which he returned to M&S in 2004 to fend off takeover approaches from Green. He gave up the chief executive’s role at M&S in 2010 but stayed on as chairman until early 2011. Today he is pursuing interests that marry technology and commerce, championing the Simply Tap app as a way to pay for goods. Away from business, he splits his time between homes in London and Suffolk, indulging his loves of wine and flying. He had shares in M&S worth nearly £5m before he left. With his previous gains from Arcadia and past salaries and share option gains at M&S, Rose should be worth at least £34m.