Simon Jordan net worth in 2020: How did the entrepreneur and football lover make a fortune from his business and investments? Read on as we reveal to you secrets behind Simon Jordan business, fame, net worth and success story.
Who is Simon Jordan?
For fans of the sports football, you may have heard of the name before but let’s refresh your memory. Simon Jordan is the former owner of English Football Club Crystal palace but relinquished his ownership in 2010.
He is also an English entrepreneur and investor who founded the car magazine Octane and had investments in the mobile phone industry.
Simon Jordan net worth currently is a whopping $12 million.
|Net Worth||$12 million|
|Date of Birth||September 24, 1967|
Early Life and Business
Simon Jordan was born on the 24th of September 1967 in Thornton Heath, Surrey, England to Peter Jordan a former second-team Crystal palace player.
He attended Purley High School for Boys in Old Coulsdon. As a young guy, Jordan wanted to play football professionally and even tried out at Crystal Palace and later Chelsea but couldn’t make the cut.
Upon graduation from high school, joined his friend James Wright who owned Wright communication a mobile phone sales outlet. The business soon changed its name to Corporate Cellular Ltd (CCL) but its growth was stunted leading to Jordan leaving the firm.
Jordan together with his friend Andrew Briggs started up Pocket Phone Shop a mobile phone retail firm. The firm started out in Slough, with an initial capital of $30,000 but the business experienced tremendous growth when it signed an agreement with Astec.
At the turn of the 21st century, the firm was having over a thousand employees, 208 outlets nationwide and made sales worth over $120 million. As normal in any business, Pocket Phone Shop had a running battle with its main rival The Carphone Warehouse.
How did he come to own and run Crystal Palace?
In 2000, Pocket Phone Shop was sold for $73 million to One2One. Jordan used his proceeds from the sale to buy over Crystal Palace from the previous owner Jerry Lim who sold it due to the clubs financial challenges.
He took on the position of chairman and was determined to turn around the clubs fortune and also get it promoted into the English premier league in the shortest time possible.
To achieve this goal, he developed a habit of firing managers at will as the club had five managers in just three seasons which included the likes of Steve Bruce, Alan Smith, Trevor Francis, Steve Coppell, and Steve Kenner.
The club finally got promoted to the premier league under coach Iain Dowie in 2004 after beating West Ham United in the playoffs. Palace spent one season in the premiership before they got relegated in 2006.
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Iain Dowie and Jordan had issues which led to the former leaving the club to coach fellow Championship side Charlton Athletic. This led to legal action against Dowie by Jordan but it ended in an out of court settlement.
In 2008, Jordan made his intentions known to sell the club but got no buyer. The club was liquidated in 2010 leading to an end of his ownership. As of 2019, the current owner is
Jordan has also been accused columnist of The Observer newspaper. He has also appeared on ITV television show Fortune: Million Pound Giveaway. He is also the producer of the movie Teslar (2008) and sponsored the production of Sweeney Todd(2006).
Jordan published “Be Careful What You Wish For” a book about his life, business and time at Crystal Palace.
He dated Meg Mathews in 2005 and even bought her a Porsche worth $100,000 but the relationship only lasted for eight months as he broke up with her.
He had a daughter named Cameron with Suzi Walker. According to reports, it wasn’t planned as they were just dating. Jordan isn’t married and his current date is unknown but we will keep you updated as soon as possible.
Jordan in 2018 was robbed of his wristwatch worth $100,000 at gunpoint. He currently resides in London, England.
Simon Jordan Net Worth: How did he amass such wealth?
Simon Jordan net worth as of 2020 is peaked at $12 million which is a sum total of all his current assets minus liabilities.
You might have expected his net worth to be much higher but he lost over $75 million when the club from his investments in the club as the club got liquidated.
He lost his houses, cars and a whole lot of others but has managed to grow back his wealth to $12 million.