The Lord Spencer of Alresford | |
|---|---|
.jpg) Spencer in 2021 | |
| Member of the House of Lords Lord Temporal | |
| Assumed office 12 November 2020 Life Peerage | |
| Personal details | |
| Born | 30 May 1955 Kuala Lumpur, British Malaya |
| Nationality | British |
| Political party | Conservative |
| Spouse(s) | Lorraine Spencer (div. 2008) Sarah Mountbatten, Marchioness of Milford Haven
(m. 2016) |
| Children | 3 |
| Occupation |
|
| Known for | ICAP, ICAP Charity Day, political fundraising |
Michael Alan Spencer, Baron Spencer of Alresford (born 30 May 1955), sometimes known as "Spence",[1] is a British billionaire businessman and philanthropist. He is the founder of NEX Group, a UK-based business focused on electronic markets and post-trade business which was acquired by CME Group in November 2018. NEX Group was formerly known as ICAP, until the sale of its voice-broking business to Tullett Prebon in December 2016.
Spencer was described in 2018 as the richest self-made person in the City of London and a "City grandee".[2] According to the Sunday Times Rich List in 2021, he is worth an estimated £1.2 billion.[3] He was awarded a peerage in August 2020 in the Political Honours List.[4]
He is the father of Patrick Spencer, Conservative MP Central Suffolk and North Ipswich.[5]
- ^ Armitage, Jim (10 March 2017). "Michael Spencer: The City's top Tory on why Theresa May is not doing enough to defend business on Brexit". Evening Standard. ESI Media. Retrieved 25 May 2020.
- ^ Boland, Hannah (15 March 2018). "City grandee Michael Spencer could be in line for £450m payday as Nex approached over takeover". The Telegraph. Telegraph Media Group. Retrieved 25 May 2020. (subscription required)
- ^ "The Sunday Times Rich List 2021". www.thetimes.co.uk. Retrieved 10 August 2021.
- ^ Hope, Christopher (31 July 2021). "Thirty-six new peers include Boris Johnson's brother, a former Tory treasurer and a union firebrand". The Telegraph. Retrieved 9 August 2021.
- ^ https://www.thetimes.com/uk/politics/article/blue-is-the-colour-politics-is-the-game-in-west-ham-3v9s7m25f