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Steve Lansdown

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Steve Lansdown
Born
Stephen Philip Lansdown

(1952-08-30) 30 August 1952 (age 72)
Bristol, England
EducationThornbury Grammar School
Known forOwner of Bristol City, Bristol Bears and Bristol Flyers
Children2
HonoursCommander of the Order of the British Empire (2017)

Stephen Philip Lansdown CBE (born 30 August 1952) is an English-born Guernsey billionaire. He co-founded the British financial services firm Hargreaves Lansdown with Peter Hargreaves. He is a founder of Bristol Sport and majority shareholder of Bristol Bears, Bristol Flyers, and Bristol City Football Club.

According to The Sunday Times Rich List in 2019, Lansdown is worth £1.72 billion.[1]

Career

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Educated at Thornbury Grammar School in Gloucestershire and trained as an accountant,[2] Lansdown started Hargreaves Lansdown trading from a bedroom in 1981.[3]

During the 2008-09 Premiership Rugby season he began bankrolling Bristol Bears rugby club, then known as Bristol Rugby, when it looked to be going out of business.[4]

In April 2009, he sold a stake of 4.7% in Hargreaves Lansdown for a sum of £47.2million, which he put towards the cost of building Bristol City's new football stadium.[5]

According to Hargeaves Lansdown's notifiable director deals, on 7 October 2010 he sold (at 429.00p) 13,560,843.00 shares at a value of £58,176,016.47.

In 2012 he formalised his ownership of Bristol Rugby.[6]

In 2013, he also bought basketball club Bristol Flyers. As of September 2015 his net worth was reported to be down to $1.88 billion.[7]

Lansdown sold 2.2% of his shares in Hargreaves Lansdown in April 2020 at a total value of £160 million, which reduced his stake in the firm to 7%.[8]

In 2017, Bristol Rugby made New Zealand rugby international Charles Piutau the highest paid player in the history of the Premiership on a reported £1million per season contract facilitated by Lansdown.[9]

In 2018, under his ownership, Bristol Rugby moved their official home ground from the Memorial Ground to the home of Bristol City, Ashton Gate, and officially renamed the team to Bristol Bears.[10] The following season they won their first piece of silverware since returning to the top flight of English rugby defeating Toulon 32-19 to win the European Rugby Challenge Cup.[11]

In August 2020 it was announced that Lansdown would receive £18.6 million in dividends after Hargreaves Lansdown's profits increased by 24% to £378.3 million in the 12 months leading up to 30 June 2020.[12][13]

In December 2024, Bristol Bears Women, also owned by Lansdown as part of Bristol Bears, signed Ilona Maher, the most followed rugby union player on social media in the history of the sport on an initial 3-month deal.[14]

Honours

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Lansdown was appointed Commander of the Order of the British Empire (CBE) in the 2017 Birthday Honours for services to business and the community in Bristol.[15]

Family

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He is married with two children.[2]

References

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  1. ^ Times, The Sunday (12 May 2019). "Rich List 2019: profiles 53-100, featuring Mike Ashley and Bernie Ecclestone". The Times. ISSN 0140-0460. Retrieved 12 September 2019.
  2. ^ a b Bristol's deadly duo hit the City, timesonline.co.uk, 6 May 2007.
  3. ^ Sunday Times Rich List 2009, timesonline.co.uk; accessed 17 June 2017.
  4. ^ Averis, Mike. "Steve Lansdown adds Bristol Rugby to ownership of Bristol City". The Guardian. Retrieved 1 December 2024.
  5. ^ Leroux, Marcus (16 April 2009). "Share sale puts £47m in the back of Bristol City's net". The Times. London, UK. Archived from the original on 11 May 2009. Retrieved 17 June 2017.
  6. ^ Averis, Mike. "Steve Lansdown adds Bristol Rugby to ownership of Bristol City". The Guardian. Retrieved 1 December 2024.
  7. ^ "The World's Billionaires". Forbes Magazine. Retrieved 17 June 2017.
  8. ^ "HL dives as Stephen Lansdown sells £160m stake". Wealth Manager. Retrieved 14 August 2020.
  9. ^ Mairs, Gavin. "Exclusive: Bristol make Charles Piutau the world's highest paid player with £1m per season deal". The Telegraph. Retrieved 1 December 2024.
  10. ^ "Bristol Bears – all you need to know". Bristol Bears. Retrieved 1 December 2024.
  11. ^ "Challenge Cup throwback: Bears win maiden European title". Bristol Bears. Retrieved 1 December 2024.
  12. ^ O'Dwyer, Michael (7 August 2020). "Hargreaves Lansdown founders to share £82m payout". The Telegraph. London. ISSN 0307-1235. Retrieved 14 August 2020.
  13. ^ "Hargreaves Lansdown sees business soar during coronavirus crisis". Evening Standard. 7 August 2020. Retrieved 14 August 2020.
  14. ^ "Ilona Maher joins the PWR and signs for Bristol Bears". Bristol Bears. Retrieved 2 December 2024.
  15. ^ "No. 61962". The London Gazette (Supplement). 17 June 2017. p. B9.


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