Age, Biography and Wiki
Terry Ramsden was born on 1952 in Enfield, United Kingdom, is an InvestorGambler. Discover Terry Ramsden'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 71 years old?
Popular As |
N/A |
Occupation |
InvestorGambler |
Age |
71 years old |
Zodiac Sign |
N/A |
Born |
, 1952 |
Birthday |
|
Birthplace |
Enfield, Greater London, England |
Nationality |
United Kingdom |
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He is a member of famous with the age 71 years old group.
Terry Ramsden Height, Weight & Measurements
At 71 years old, Terry Ramsden height not available right now. We will update Terry Ramsden's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
Physical Status |
Height |
Not Available |
Weight |
Not Available |
Body Measurements |
Not Available |
Eye Color |
Not Available |
Hair Color |
Not Available |
Who Is Terry Ramsden's Wife?
His wife is Lisa Ramsden
Family |
Parents |
Not Available |
Wife |
Lisa Ramsden |
Sibling |
Not Available |
Children |
1 |
Terry Ramsden Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Terry Ramsden worth at the age of 71 years old? Terry Ramsden’s income source is mostly from being a successful . He is from United Kingdom. We have estimated
Terry Ramsden's net worth
, money, salary, income, and assets.
Net Worth in 2023 |
$1 Million - $5 Million |
Salary in 2023 |
Under Review |
Net Worth in 2022 |
Pending |
Salary in 2022 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
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Terry Ramsden Social Network
Timeline
In 2009, he failed to keep up with payments claiming it was a result of being been unable to sell a property in Barbados.
He started working in the private treaty market, creating a trading system which sped up equities transactions. This company grew to a market capitalization of £250 million. In 2003, the Jockey Club cleared him to race and own horses again. He owned Jake The Snake, a two-year-old horse named after his son. Jake won the Bet Direct No Q Maiden Stakes at Lingfield in December of that year, Ramsden's first win after prison. He later sold the horse after it failed to perform to expectations.
In 1997, Ramsden breached the Insolvency Act after it was discovered he was hiding £300,000 worth of assets. He was sentenced to 21 months in prison, which he served 10. He was released in 1999 with a lack of support from the friends he acquired during his rich days. His wife and son were estranged.
In 1988, following the 1987 stock market crash and later the Japanese asset price bubble bursting, Ramsden proceeded to lose vast sums of money including £57 to £58 million on racetrack gambling and suffered capital losses nearing £100 million. In 1991 he was arrested and jailed in Los Angeles for six months while awaiting extradition to the United Kingdom for fraud. In prison he witnessed gang violence. By 1992 he was £100 million in debt. He declared bankruptcy and pleaded guilty in 1993 to recklessly inducing fresh investments into Glen International. He received a two-year suspended sentence.
Ramsden earned his initial money through lower stakes gambling on horse races. In 1984 he purchased Glen International, an Edinburgh-based company. He focused the company on horse betting. In the first year he had a small annual turnover of £18,000, three years later that figure grew to £3.5 billion. He became United Kingdom's 57th richest man. His alleged peak net worth was approximately £150 million.
Between 1984 and 1987 his knowledge of horse racing and the Japanese market made him a fortune. By 1986 he was worth over £100 million. He owned several houses including one in Los Angeles, and over 100 horses. That same year he placed a £500,000 wager on his own horse Mr. Snugfit in the Grand National. Mr. Snugfit came in 4th resulting in a £1 million profit for Ramsden.
Ramsden was raised in Enfield the son of a GPO Telephones engineer. He began working as an insurance clerk and realized being employed by another would never lead to the wealth he was seeking. In 1971 at the age of 19 he was self-employed and earned £25,000 his first month.
Terry Ramsden (born 1952) is an English investor and gambler from Enfield who focused on horse betting and the Japanese stock market.