Age, Biography and Wiki
Andrew Ritchie (Brompton) was born on 1947, is a businessman. Discover Andrew Ritchie (Brompton)'s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 76 years old?
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We recommend you to check the complete list of Famous People born on 1947.
He is a member of famous businessman with the age years old group.
Andrew Ritchie (Brompton) Height, Weight & Measurements
At years old, Andrew Ritchie (Brompton) height not available right now. We will update Andrew Ritchie (Brompton)'s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Andrew Ritchie (Brompton) Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Andrew Ritchie (Brompton) worth at the age of years old? Andrew Ritchie (Brompton)’s income source is mostly from being a successful businessman. He is from . We have estimated
Andrew Ritchie (Brompton)'s net worth
, money, salary, income, and assets.
Net Worth in 2023 |
$1 Million - $5 Million |
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businessman |
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Timeline
In 1995 he received the Queen's Award for Export and in 2009 the Prince Philip Designers Prize. In the Queen's Birthday Honours of 21 April 2010, the company was awarded two Queen's Awards for Enterprise – in the Innovation and International Trade categories. [1] Brompton has now produced well over 100,000 bicycles and in 2008 achieved 25,000 units for export to markets such as the Netherlands, America, Germany, Japan and Scandinavia. A Cambridge engineering graduate, Ritchie was working as a landscape gardener in London when, in 1976, he conceived the idea for a folding bike, which he subsequently named after the Brompton Oratory. His design won the 'Best Product' award against an international field at the Cyclex exhibition in April 1987. After devoting his life to the development and manufacture of the bike, he began to step back from the day-to-day running of the company in 2005, reduced his shareholding, and now acts as Technical Director.
He was appointed Member of the Order of the British Empire (MBE) in the 2010 New Year Honours for services to Business and to International Trade.
Ritchie has recruited new management since the early 2000s, including Will Butler-Adams who became managing director and, with new investors, purchased half of Ritchie's 50% shareholding.
Volume production was difficult and demand outstripped the factory's capacity, so it expanded into a second railway arch in 1994 and again in 1998 into the Chiswick premises it occupied until moving to Greenford in 2016.
Ritchie received private funding of £40,000 from Julian Vereker, founder of Naim Audio and a yacht manufacturer, who had originally bought two Bromptons after a chance discussion about 'folding bicycles' whilst on one of his yachts in Cherbourg in 1982. An additional £10,000 equity raised from friends, relatives and Brompton owners launched the company properly in 1986, and he eventually secured £100,000 to set up a better-equipped factory under a Brentford railway arch in 1987. It had taken five years to secure the capital.
In the early 1980s, Ritchie raised £8,000 from shareholders, and made 500 bikes over 2 years.
After graduating in engineering from Trinity College, Cambridge, in 1968, Ritchie worked as a computer programmer for Elliott Automation which subsequently became part of Marconi. He then spent 5 years as a self-employed landscape gardener. In the mid-1970s his father, a stockbroker, introduced him to Bill Ingram and the Bickerton bike, which in turn triggered his own ideas for a folding bicycle. Ritchie persuaded 10 friends to invest £100 each so that he could build a prototype which was completed one year later.
Andrew Ritchie MBE (born circa 1947) is the inventor of the Brompton folding bicycle, and has guided the Brompton Bicycle company to become the largest bicycle manufacturer in the UK.