BUSINESS
His passion for investing started early—at just the age of 12. He learned about trading shares from his grandmother
British hedge fund manager Michael Platt has been named the richest person in the UK, with an estimated fortune of £14.3 billion. Despite his immense wealth, Platt remains highly secretive—so much so that even the receptionist at his own company reportedly doesn’t recognise him, according to The Daily Express.
Platt, who co-founded BlueCrest Capital Management in 2000, saw his wealth surge in 2024, moving him from tenth place to the top of the UK’s rich list. He overtook Sir Jim Ratcliffe, the billionaire owner of INEOS and a major shareholder in Manchester United.
However, while Platt is now the wealthiest person in Britain, he ranks 104th on the global rich list. The world's richest individuals continue to be dominated by US tech giants, including Elon Musk, Jeff Bezos, and Mark Zuckerberg.
Born in Preston, Lancashire, in 1968, Platt grew up in a working-class family. His passion for investing started early—at just the age of 12. He learned about trading shares from his grandmother. He reportedly turned a £500 birthday gift into a much larger sum.
By the time he was studying mathematics and economics at the London School of Economics, he was already earning up to £30,000 from investments.
After graduating in 1991, Platt joined JP Morgan in New York as a trainee and later became a managing director in London. In 2000, he co-founded BlueCrest Capital Management, which has grown into one of Europe’s largest hedge funds.
Despite his financial success, Platt keeps a very low profile. He avoids publicity and rarely gives interviews. In 2006, when The Times featured BlueCrest, Platt and his co-founder William Reeves refused to be photographed.
Platt also has a competitive edge when it comes to hiring. In the book Hedge Fund Market Wizards, he described his ideal recruit as someone willing to wake up early on a Sunday to play online poker, taking advantage of "US drunks coming home on Saturday night."
In 2015, Platt stopped managing client money to focus on investing his own fortune. His son Marcus, now in his mid-20s, has recently joined BlueCrest.
Ram Kapoor breaks silence on 'not getting work' due to his weight: 'My name is not Khan...'
Delhi Metro: DMRC issues fresh advisory for passengers, warns against doing THIS in trains
Axiom-4 crew conducts advance research, global outreach in cancer, food sources...,will help in...
Scientists claim to find the oldest rocks on earth, discovered from...
Watch: Boeing plane hit by strong winds while landing, escapes crash
Delhi to enforce fuel ban on these vehicles from July 1; check details
Losing hair in your 20s? These 5 mistakes might be the reason
Who is T Raja Singh? Controversial Telangana BJP MLA quits party amid state leadership tussle
Canada announces new PR route, immigration norms: Here's how it will affect Indians
Indian Railways notifies fare hike: Ticket prices for AC, non-AC raised by...; check details
Delhi government launches Internship Programme for youth, know ALL about it
Neeraj Chopra wants to learn bowling skills from THIS Indian cricketer, his name is...
BIG move by Anil Ambani as Reliance Infra inks Rs 20000 crore pact with...; to explore...
BIG move by MS Dhoni as he files for trademark of nickname 'Captain Cool'
Kolkata student rape case: South Calcutta Law College suspends all classes; PIL seeks...
Did Shefali Jariwala die because of anti-aging drugs? What are these medicines and how do they work?
Good news for Gautam Adani as this company becomes first Indian firm to cross...
Viral video: Woman faints after winning Princess Diana’s iconic ‘Caring Dress’ at auction, WATCH
New UPI Rules: limits on balance check..., GPay, PhonePe, Paytm users to see major changes from...
Meet Royal princess who flew economy, went viral after video of her…, is not from India but…
'You will eat more when...': Indian mom feeds American vlogger with love, heartfelt video goes viral
Muharram 2025 Holiday in India: Will schools, banks, and markets be closed on July 7? Know here
NIOS Class 10th Result 2025 DECLARED at nios.ac.in: Check steps to download, direct link here
Anil Ambani plans BIG move as Reliance firm participates in global bids for...; plans to set up...
Good news for Lalit Modi as Supreme Court allows him to seek remedy in connection with IPL 2009 case
CUET 2025 UG Result Expected Today: Check steps to download scorecard, direct link here
Amid Sardaar Ji 3 controversy, THIS actor supports Diljit Dosanjh, says 'his mind is not poisoned'
What is special about International Space Station and how much of its life is left?
3rd Stage of Little Pepe's (LILPEPE) Presale Sells Out in a Flash
Shefali Jariwala's demise: Doctor gives major update in 'Kaanta Laga' girl sudden death, suspects...
India responds to defence attache's comments on Operation Sindoor, says, 'his remarks have been...'
This country uses heavy-lift drone to save man trapped in flooded city, WATCH viral video
Paresh Rawal confirms return as Baburao in Hera Pheri 3, details inside
'Too dependent on Jasprit Bumrah': Ex-India captain's brutal reality check for Shubman Gill and Co
Maharashtra government cancels 3-langauge policy resolutions amid 'Hindi imposition' charge
Air India Jet bound for Delhi from Tokyo lands in Kolkata due to..., airline issues statement