Caudwell Group

John David Caudwell (born 7 October 1952) is a British billionaire businessman who founded the now defunct mobile phone retailer Phones 4u. He also invests in fashion, real estate and other industries, and chairs Caudwell Children, a children's charity, and Caudwell LymeCo, promoting chronic Lyme disease beliefs in the UK.

According to the ''Sunday Times Rich List'' in 2022, Caudwell is worth £1.58 billion. On the ''Forbes'' 2022 list of the world's billionaires, he was ranked #984 with a net worth of US$2.8 billion.

Early life

Caudwell was born in Birmingham but moved with his family as a baby to Stoke-on-Trent and raised in Wellesley Street in Shelton, Staffordshire, and with his brother Brian attended Shelton Church of England School, and then Berry Hill High School. His father had a stroke when Caudwell was 14 and died four years later.

Caudwell abandoned his A-levels to become an apprentice at Michelin, and worked for several years there as an engineering foreman while gaining a HNC in mechanical engineering. Whilst working at Michelin he also ran a corner shop and started a mail order business selling clothing to motorcyclists.

Caudwell Group

In 1987 Caudwell registered Midland Mobile Phones as a mobile phone wholesaler, initially taking 26 Motorola mobiles at £1,350 each. It took 8 months to sell these 26 phones to local plumbers, taxi drivers and television repairmen at a price of £2,000 each. The company made a loss every month for the first two years of operations.
The business became the Caudwell Group part of which was an independent mobile phone network service provider called Singlepoint and a high street mobile phone retail operation called Phones4U. The group also owned The Discovery Store from 2001, renamed it to Must Have It in 2004, and closed it in 2005. In 2003 he sold Singlepoint to Vodafone for £405m (then $648m). Caudwell completed the sale of the wider business on 26 September 2006, when it was revealed that the Caudwell Group had been sold for a £1.46 billion to private equity firms Providence Equity Partners and Doughty Hanson.

Other projects

Caudwell was the owner of the South African F1 Powerboat racing team Caudwell Racing which competed in the championship between the 2012 and the 2014 seasons. The team made history by competing with four-stroke engines compared to the traditional and widely used two-strokes. Caudwell Racing did not return for the 2015 season, having folded the previous year without completing the season.

Charity interests

In 1999, Caudwell was appointed as the president of the North Staffordshire branch of the NSPCC, and became the regional representative for the Full Stop campaign. Of the appointment, he says: "I was initially approached by the NSPCC to sponsor a cricket match. As is my way I got stuck in, took the whole thing over and was determined to raise as much money as I could."

Caudwell founded the charity Caudwell Children in 2000. Of the charity, he said: "I wanted to make sure that every penny that was raised would be put to the best use and spent on the children that needed it. My family puts about £2 million a year towards Caudwell Children. In addition I put in a lot of my time and I do a lot of networking. utthe truth is my fortune isn't enough to help all the children that need help." The charity has proved controversial because it promotes unproven and dubious health practices and has aligned itself with antivaccinationists. The National Autistic Society asked Caudwell's charity to remove claims from its website that had the society's support.

In October 2011, he made a "significant" six-figure donation to Middleport Pottery (one of the last working Victorian pot banks in Britain) in Stoke-on-Trent, through the Prince's Regeneration Trust. In October 2012, Caudwell was one of three principal private donors for the London's Bomber Command Memorial Appeal.

In February 2013, he became one of the first Britons to sign up for Bill Gates and Warren Buffett's Giving Pledge, which calls on billionaires to commit at least half their wealth to charity during their lifetime.

He has contributed to the Prince's Regeneration Trust, Marie Curie, the Elton John AIDS Foundation, Ark (Absolute Return for Kids), Great Ormond Street Hospital and the Carers Trust, amongst others. He donates to the NSPCC, and undertakes regular 1,000-mile charity bike rides to raise funds for many children's charities. On one fundraising bike ride from Land's End to John o' Groats in 2012, he raised £58,021 for Caudwell Children.

Caudwell has been awarded accolades for his philanthropic efforts. On 8 December 2012 at the Noble Gift Gala, he was presented with the Noble Gift Philanthropreneur Award by Hollywood actress Eva Longoria for his dedication to charity work.

In 2019, the Caudwell Children charity opened the Caudwell International Children’s Centre in Staffordshire, which provides services for children with autism.

Politics

In April 2010, Caudwell donated £2,000 to Conservative MP Bill Cash's general election fund.

In 2019, Caudwell was reported to have donated £500,000 to the Conservative Party ahead of the 2019 United Kingdom general election. He also gave interviews stating that he and many other wealthy individuals would leave the UK if the Labour Party gained power and increased taxes.

In 2022, in response to the Westminster lockdown parties controversy, Caudwell expressed concerns with the Conservative party under Boris Johnson's leadership.

Personal life

Caudwell was married to Kate McFarlane for 25 years, ending in 2001, and they had three children. He then had a brief relationship with violinist Jane Burgess, with whom he had daughter Scarlett. He was then in a long-term relationship with former model Claire Johnson for 15 years, with whom he has son Jacobi. They separated in 2014.

In 2015, Caudwell claimed that 11 family members including himself, his ex-wife Kate McFarlane, their two daughters Rebekah and Libby, and his son Rufus had been diagnosed with chronic Lyme disease. In 2018 Caudwell pledged to donate more than one million pounds in order to help fund Lyme disease research, on the condition that the NHS would be able to match his investment.

His current partner is Lithuanian former Olympic cyclist Modesta Vžesniauskaitė. They announced that they were expecting their first baby together in spring 2021. Their son William was born in March 2021.

Caudwell lives at Broughton Hall in Staffordshire.

References

{{DEFAULTSORT:Caudwell, John
1952 births
Living people
English businesspeople
English philanthropists
20th-century British businesspeople
21st-century British businesspeople
British billionaires
British Eurosceptics
Giving Pledgers
21st-century philanthropists
People from Birmingham, West Midlands
People from Shelton, Staffordshire
National Society for the Prevention of Cruelty to Children people
Conservative Party (UK) donors