Piers Linney Net Worth 2024

What Is Piers Linney’s Net Worth?

Piers Linney is a British entrepreneur who has a net worth of $100 million. Based in London, Piers Linney started his skilled profession as a solicitor, then moved into funding banking and in addition served because the supervisor of a hedge fund. He made his fortune pioneering innovation in cloud computing, and he was the co-CEO of Outsourcery, an organization dedicated to cloud computing companies. Piers turned widely known in Britain after showing on the fact present, “The Secret Millionaire” in 2011. He labored alongside youth offenders on the Young Offenders Institution throughout his time on this system and subsequently employed one of many inmates. From 2013 to 2015, Linney appeared on the favored enterprise actuality sequence “Dragon’s Den.” Piers was previously the proprietor and co-CEO of Genesis Communications and the non-executive director of British Business Bank, and he served as a monetary guide on the 1999 movie “An Ideal Husband.” In 2018, the “Financial Times” included Linney on its “The UK’s prime 100 black and minority ethnic leaders in know-how” and “The most influential BAME tech leaders within the UK” lists, and Green Park named him one of many “Top 100 BAME Leaders in Business.”

Early Life

Piers Linney was born Jonathan Piers Daniel Linney on February 15, 1971, in Stoke-on-Trent, Staffordshire, England. He is the son of Norma and Derek Linney, and he has a youthful brother. Linney’s heritage is Bajan (Barbados) on his mom’s aspect and English on his father’s aspect. Piers was raised in Stoke-on-Trent till the age of 9 when the family moved to Bacup, a small city in Lancashire. Linney attended Fearns School, and in keeping with a 2008 article within the “Rossendale Free Press,” he was “the primary pupil to do work expertise at Barclays Bank in Rawtenstall – and he bought provided a job.”

Career

On his official web site, Linney states, “After sitting a number of exams twice and night time faculty to review for a A stage in legislation, I went on to realize a level in accounting and legislation on the University of Manchester and, after 68 functions for a coaching contract, certified as a Solicitor with the City legislation agency SJ Berwin. I then joined the mergers and acquisitions (M&A) workforce at Barclays de Zoete Wedd (BZW), which was acquired by the bulge bracket financial institution, Credit Suisse (First Boston) simply three months later.” In 2000, Piers left banking to launch an web enterprise, and he mentioned on his web site, “The know-how crash later that yr meant that I skilled virtually a whole financial cycle in twelve months. After forays into dance music and expertise administration, I spent the subsequent seven years establishing an progressive regulated company finance, enterprise capital and various finance companies in addition to investing in and constructing a number of know-how, media and telecoms (TMT) companies that I’ve exited.” In 2007, Piers and his enterprise associate, Simon Newton, led the buyout of the info resale and cell voice firm Genesis Communications. Two years later, Genesis Communications acquired the Scotland-based telecommunications firm Thus Mobile and renamed it Outsourcery, rebranding it to deal with cloud companies. In 2012, the Daisy Group acquired Outsourcery’s cell enterprise arm for £15 million. In 2013, Outsourcery raised £13 million on the Alternative Investment Market, and in 2016, it was bought and positioned into administration.

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Linney has served on the boards of TechUK and the Cloud Industry Forum, and in 2014, he turned a member of the Cabinet Office SME Panel. He based the non-profit group workinsight.org, a digital platform that helped join younger folks with potential employers, and he has been a trustee of the profession web site Plotr and the charity Nesta in addition to the Powerlist Foundation. From 2013 to 2015, Piers was a panel member on the BBC Two sequence “Dragons’ Den,” on which “aspiring entrepreneurs have one likelihood to make their goals come true once they pitch their enterprise thought to 5 multimillionaire traders.” In early 2015, he introduced that he was leaving the present, stating, “I’ve bought a younger family and time is a treasured commodity. I’ve watched 200 pitches and made 9 investments however I’ve bought so many different issues occurring. I’ve accomplished what I got down to do; the present is refreshed. It’s time to maneuver on.” Linney invested within the publishing and know-how firm Wonderbly, which has bought greater than eight million personalised books. In 2017, Wonderbly raised $8.5 million from the European writer Ravensburger and current traders reminiscent of Google Ventures and Greycroft. Piers co-founded Atherton Bikes in 2018 and Implement AI, a “subsequent era consultancy for small and medium-sized enterprise to create exponential enterprise transformation,” in 2023. Linney based the neighborhood and content material platform Moblox in 2021.

Personal Life

Piers married Tara Bishop in 2002. They welcomed daughters Electra and Tiger earlier than divorcing in 2018. In a 2020 interview with “This is Money,” Linney mentioned of the priciest factor he is purchased for enjoyable, “It was a 50ft boat. I would not fairly name it a ‘yacht’ – it is extra like a big motorboat. I purchased it with a buddy for greater than half one million kilos. I’ve since bought it.” He added, “There are two nice moments with boats: the day you purchase it – and the day you promote it. I bought my licence, I may skipper it, however I simply did not use it sufficient to justify the expense so I removed it.”

Awards

The Power List 2013, which was sponsored by JP Morgan, named Linney one of many “100 most influential black Britons.” The following yr, the Black British Business Awards named him Entrepreneur Leader of the Year.