British businessman, Sir Stuart Rose has a net worth of 34 million as of April 2012, as stated by the Sunday Times UK Rich List. He was the executive chairman of the British retailer Marks & Spencer and was paid a yearly salary of 1,130,000. The Marks & Spencer’s former chairman Sir Stuart Rose has grown from modest beginnings.
Stuart Rose Net Worth $51 Million
The son of a civil servant, he was born in Gosport and was prepared in a Quaker boarding school before taking a job as an administration assistant in the BBC. He soon found his way to retail, joining Marks & Spencer as a management trainee in 1972. Rose remained with the company until 1989, when he went to Burton Group. Rose was with Burton during the company’s merger with Arcadia, and became chief executive of the combined group. Rose left Arcadia after an agreed 770m takeover by Sir Philip Green in 2002 after just 18 months in the job. Rose made 25.6m from the sale of his shares and options to Green. Rose also negotiated the sale of Argos to GUS, after which he returned to M&S in 2004 to fend off takeover strategies from Green.
Rose gave up the chief executive’s job at M&S in 2010 but stayed on as chairman until early 2011. Now he is pursuing interests that marry technology and commerce, championing the Only Solicit app as a means to cover goods. Away from business, he goes his time between homes in London and Suffolk, indulging his loves of wine and flying. Rose 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 value at least $34 million.