Peter Cruddas is a British businessman and philanthropist. He is best known as the founder of CMC Markets, a global online trading platform. With a remarkable journey from humble beginnings to building one of the most successful financial companies, Peter Cruddas has amassed significant wealth throughout his career.
Let’s explore Peter Cruddas Net Worth and salary 2023.
Quick Facts
| Full Name | Peter Cruddas |
| Popular Name | Peter Cruddas |
| Gender | Male |
| Birth Date | October 30, 1953 |
| Age | 68 |
| Birth Place | Elephant & Castle, London, England |
| Nationality | British |
| Ethnicity | White |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Lynda Cruddas |
| Children | 2 |
| Dating | Not available |
| Net Worth | $1.3 billion (as of 2021) |
| Source of Wealth | CMC Markets |
What is Peter Cruddas Net Worth and Salary in 2023?
As of 2023, Peter Cruddas has an estimated net worth of $1.3 billion. Much of his wealth comes from his successful career in the financial industry and his ownership stake in CMC Markets.
Throughout his entrepreneurial journey, he has made astute investment decisions and built a globally recognized trading platform, contributing to his considerable net worth.
Why is Peter Cruddas Famous?
Peter Cruddas is renowned for his role as the founder of CMC Markets, which revolutionized online trading. Under his leadership, CMC Markets became one of the world’s leading trading platforms, providing individuals with easy access to financial markets. His entrepreneurial spirit and ability to innovate have made him a prominent figure in the financial industry.
Peter Cruddas Overview
Early Life
Peter Cruddas was born on October 30, 1953, in Elephant & Castle, London, England. Details about his parents and siblings are not widely known. Growing up in a working-class family, Cruddas faced financial hardships, which instilled in him a drive to succeed and better his circumstances.
Education
Information about Peter Cruddas’ education is not readily available. However, his success in building a global financial company suggests a strong understanding of financial markets and business strategies.
Career and Awards
Peter Cruddas is a prominent English banker and businessman. He embarked on his career at the age of 15, starting as a telex operator for Western Union in the City of London.
After being made redundant, he worked in the foreign currency trading rooms of various banks, including the Bank of Iran and Marine Midland. By 1989, Cruddas had risen to the position of head foreign exchange dealer at the City of London branch of the Jordanian-based Petra Bank.
However, it was in this year that he decided to venture out on his own, establishing CMC Markets with a mere £10,000 in the bank. Today, CMC Markets is valued between £750 million and £1.2 billion, making it a global leader in online retail trading.
Cruddas’ success in the financial sector has earned him significant wealth, with Forbes estimating his net worth at $1.3 billion in March 2012. His entrepreneurial achievements have also placed him among the wealthiest individuals in the world.
In addition to his business pursuits, Cruddas has been actively involved in philanthropy and politics. He is the largest individual donor to the Duke of Edinburgh Award International Association and has donated to Great Ormond Street Hospital.
He also supported the Royal Opera House and The Royal Ballet, becoming a member of the Chairman’s Circle in March 2012.
In the political sphere, Cruddas was appointed Conservative Party co-treasurer in June 2011.
In March 2012, The Sunday Times said that he had offered access to Prime Minister David Cameron and Chancellor George Osborne in return for cash gifts of between £100,000 and £250,000.
He has been a significant donor to the Conservative Party, with total donations believed to exceed £3,000,000. Despite facing allegations of offering cash for access to potential donors in 2012, which led to his resignation from his co-treasurer position, Cruddas successfully sued The Sunday Times for libel over its coverage of him in 2013.
In 2020, he was conferred a life peerage after a nomination by Prime Minister Boris Johnson, despite the contrary advice of the House of Lords Appointments Commission.
Personal Life
Peter Cruddas is married to Lynda Cruddas, and they have two children together. While information about his personal life is relatively private, he is known for his dedication to his family and his commitment to giving back to society.
Social Media Accounts
Peter Cruddas does not have public social media accounts, as he maintains a more private life.
FAQs about Peter Cruddas
Who owns CMC trading?
Peter Cruddas, 69, is the founder and CEO of online broking company CMC Markets.
How does CMC Markets work?
CMC Markets Invest account enables you to easily and efficiently access the direct share market
What is the minimum spread for CMC Markets?
We offer consistent and competitive spreads across all our financial instruments, starting at just 0.7 points.
Conclusion
Peter Cruddas’ net worth is a testament to his entrepreneurial spirit and business acumen. As the founder of CMC Markets, he has achieved significant success in the financial industry, creating a global trading platform that has transformed the way individuals engage with financial markets.
Despite his immense wealth, Cruddas remains dedicated to making positive contributions to society and supporting charitable endeavors. Cove hopes this article will be helpful for you. Thank you for reading.
