Karren Brady's estimated net worth is £83 million.
Baroness Karren Brady of Knightsbridge CBE is a highly-successful British business executive and TV personality. She is best known for having been the managing director of Birmingham City F.C.
Perhaps her highest-profile role is an aide for Alan Sugar on the UK version of "The Apprentice". As well as being an active and vocal member of the House of Lords and a Small Business Ambassador for the UK Government, in 2022 she became an advisor for the high-growth fitness brand, Gymshark.
Karren Rita Brady was born and raised in Edmonton, North London. Her Italian mother, who never worked outside of the home, gave birth to her on the 4th of April 1969. She has a brother, called Darren, who is a year older.
Her Irish father, Terry Brady, was an entrepreneur who made his fortune from his Islington-based printing firm, Alito Colour, and property development. He later became the chairman of Swindon Town Football Club.
Karren attended Salcombe Preparatory School. At the age of 11, she was sent to a convent boarding school called Poles Convent, in Ware, Hertfordshire. She stayed there until she was 16. She left to attend Aldenham School in Elstree, a boys-only school that only admitted girls to the sixth form. Brady describes that situation as "a bit of a baptism of fire", but one that helped to prepare her to be successful in the male-dominated world of football.
At 18, she made the conscious decision not to go to university, despite having the qualifications to do so. Instead, she started her business career and built the foundations on which her later successes are based.
How did Karren Brady build her net worth?
Karren's first job was with Saatchi & Saatchi, where she worked in sales. She quickly became successful in the role. She then moved on to LBC to become an advertising account executive. While there she caught the attention of one of her biggest clients, David Sullivan. Having seen how effective she was, he offered her a job at Sport Newspapers. There, she became a director at the age of just 20.
When she saw that Birmingham City F.C. was for sale, she convinced Sullivan to buy it. At 23, she became the club's managing director and left when the club was sold. In 2008, she was appointed as a non-executive director to the England 2018 World Cup bid advisory board.
During her tenure at West Ham, the club bid for and won the right to play at the Olympic Stadium. This transformed the club and its place in the footballing world since they could accommodate up to 62,500 fans in a state of the art stadium.
In 2010, the club was on the brink of administration. By the end of 2021, West Ham had become the 17th richest football club in the world. During her 11-year tenure as the club's vice-chairman, Karren is thought to have earned £11m.
Over the years, Karren has held and still holds, several advisory and non-exec positions. She has worked with Syco, Channel 4, Mothercare, and many others.
In 2009, Karren joined "The Apprentice" as one of the aides to Alan Sugar. She has written four books and is a sought-after public speaker.
As a Peer, she is entitled to claim expenses of up to £323 (tax-free) on the days she sits in The House of Lords. On days she is on official business but not physically in the house, she could claim £162 per day.
Even though Brady has a net worth of £85 million, what she is most proud of achieving does not relate to money. “Getting my CBE was one of the proudest days of my life. To be recognized for my contribution to business and entrepreneurship, and gender equality was a very special moment”, she said in an interview with SheerLuxe in March 2022.
Brady owns a home in Belgravia, which was reported to be worth £6.4 million, in 2022.
Is Karren Brady a millionaire?
Yes, Karren Brady is a millionaire.
Was Karren Brady born rich?
No, Karren Brady was not born rich. Her father was a successful businessman. But the fortune she and her husband, Paul Peschisolido, have amassed has clearly come from their own business ventures and careers.