David Murray (Scottish businessman)
| Sir David Edward Murray | |
|---|---|
| Born |
14 October 1951 Ayr, Scotland |
| Nationality | Scottish |
| Net worth |
 £180 million (2013) |
Sir David Edward Murray (born 14 October 1951) is a Scottish entrepreneur, businessman and former owner and chairman of Rangers Football Club.
Born in Ayr, Scotland, Murray had formed the company Murray International Metals Limited by the age of 23. The company grew to include steel distribution, mining and property development. In 2008 his estimated wealth was valued at £720 million. Due to the economic recession his personal fortune was estimated to have dropped by 78% in 2009.
Murray is perhaps best known for his ownership of Scottish football club Rangers F.C. whom he purchased for £6 million in 1988. While owner, the club won 15 League Championships and 26 Cups. Murray stepped down as chairman in 2009, and was replaced by Alastair Johnston.
In the New Year Honours 2007 Murray was appointed as a Knight Bachelor.
Born in Ayr on 14 October 1951, Murray was educated at Ayr Academy, Belmont High School, Fettes College and Broughton High School. By the age of 23 Murray had formed Murray International Metals Limited, which was to become a leading distributor of structural steel.
Subsequently, the Murray Group of companies grew to become one of the United Kingdom’s most successful privately owned enterprises. Added to the core business of steel were interests in surface mining (GM Mining), commercial property development (Premier Property Group), venture capital (Charlotte Ventures) and call centres (RHL, trading as 'RESPONSE' from February 2007 onwards, formerly Response Handling Limited). In 2006, the Murray group collectively reported turnover of £550 million, representing a fivefold increase on the figure five years previously, largely as a result of growing involvement in property development. Corporate success was also reflected in Murray's personal wealth, estimated in the Sunday Times Rich List 2008 at £720 million, making him the 113th wealthiest person in Britain. In 2007, Murray was said to be the seventh richest Scot.
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