How Sunderland AFC owner Ellis Short became a billionaire

2012 Year in Pictures
Originally dated 25.06.2012
Ellis Short, Chairman of Sunderland AFC
2012 Year in Pictures Originally dated 25.06.2012 Ellis Short, Chairman of Sunderland AFC
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How did Ellis Short become worth more than £1.2billion?

The Irish-American businessman is the founder of Kildare Partners, a private equity fund investing in distressed European real estate assets.

After graduating from Missouri University of Science and Technology, Short worked for General Electric beginning in 1983.

In 1995, the Texan joined Lone Star Funds, a Dallas-based private equity firm, becoming president of the fund and heading its Asian operations.

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In 2003, Short paid £23million for Skibo Castle , which operates as a members-only hotel and country club in Scotland.

Short led a members’ buyout of the castle, since renamed the Carnegie Club, from Peter de Savary, and he is understood to visit regularly.

The castle is famous for hosting pop star Madonna’s wedding to film director Guy Ritchie in 2000.

In September 2008, Short gained a controlling interest in SAFC and in December of that year, he worked on completing a deal with the Niall Quinn’s Drumaville Consortium for their remaining shares in the club.

In 2013, Short formed Kildare Partners to invest in distressed property assets and non-performing debt.