Lord Alan Sugar was paid a huge £390million last year bagging himself one of the largest British businessman paycheques ever.
The billionaire businessman earned more than £1million per day last year after adding a property business to his burgeoning portfolio.
Lord Sugar, 74, received the payment as a dividend according to the paperwork of accounts for his holding company Amshold Ltd filed last week, The Daily Mail reports.
The payment equates to enough cash to fund more than 1,500 series of The Apprentice where the winner gets a £250,000 cash boost for their business.
Amshold is described as a “property trading and investment” firm, with “the provision of management services” and “media activities” also referenced in the accounts.
(Image: NurPhoto via Getty Images)
The report claims that the business made a £47million pre-tax profit on a turnover of £79 million up to last June, holding £271million worth of investment property when the paperwork was filed.
Amshold was formed in partnership with Lord Sugar and The Apprentice and is now “wholly owned by Lord Sugar”, since his wife Ann signed her 50% share over to her husband in May 2021.
His sons Simon and Daniel remain listed as directors.
(Image: PA Photo/BBC/Boundless)
The accounts also claim that £2.6million was spent on employee costs, with a reported £502,000 of that sum paid to the biggest earning director – likely to be Lord Sugar himself.
His latest accounts mean Lord Sugar is now one of the highest-paid bosses in the world.
He started his lucrative empire when he founded the computer and electronics company Amstrad in 1968.
The company was estimated to be worth a whopping £1.2billion at its peak.
Lord Sugar eventually sold Amstrad to BSkyB for £125million back in 2007.
The entrepreneur is now set to return to our screens with a new series of The Apprentice on Thursday.
A group of 16 hopefuls will compete to win the life-changing investment for the first time since the Covid-19 pandemic struck.
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Source: Celebrities - dailystar.co.uk
