Steve Morgan (businessman)
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Steve Morgan CBE |
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|---|---|
| Born |
Stephen Peter Morgan 25 November 1952 (age 64) Garston, Liverpool, England |
| Nationality | British |
| Occupation | Founder and chairman of Redrow |
| Years active | 1974–2000 2009–present |
| Known for | former owner of Wolverhampton Wanderers F.C. |
| Home town | Garston, Liverpool, England |
| Net worth | £880 million (2016) |
Stephen Peter Morgan CBE (born 25 November 1952) is an English businessman, investor, and philanthropist. He is the former chairman of Wolverhampton Wanderers F.C..
A civil engineer by profession, Morgan entered the business world in 1974 when he borrowed £5,000 from his father to buy his then employers, Wellington Civil Engineering, which was on the verge of going out of business. He developed this company into the builder Redrow plc. Under his chairmanship, Redrow was floated on the in 1994, ultimately becoming a FTSE 250 Company.
The 1990s saw Morgan also invest in hotels, developing St David's Park Hotel in North Wales and Carden Park in Cheshire, eventually merging his interests into the De Vere Group.
In 1992, Morgan was appointed Officer of the Order of the British Empire (OBE) for services to the construction industry. He is a fellow of the Institute of Builders, and holds honorary fellowships at Cardiff University,Liverpool John Moores University,Glyndŵr University.,Wolverhampton University,
In November 2000, after 26 years, Morgan stepped down as Redrow chairman, although his company, Bridgemere, remained one of its largest shareholders. In 2001 Morgan founded Brownfield specialist company Harrow Estates plc. He eventually rejoined the Redrow board in March 2009 as chairman after having rebuilt his stake in the company.
In 2001 Morgan founded The Morgan Foundation, to which he has personallly committed over £35m, providing support to more than 450 charities to date and funding ongoing awards. The remit area covers North Wales, Merseyside,West Cheshire and North Shropshire; support is focused on making a difference to those organisations and charities which work to improve life chances for children, families, disadvantaged, elderly, disabled and socially isolated in this region..
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