Mark Coombs

Mark Langhorn Coombs (born April 1960) is a British billionaire businessman, CEO of the Ashmore Group.

Mark Coombs
Born
Mark Langhorn Coombs

April 1960 (age 60)
NationalityBritish
EducationDulwich College
Alma materSt John’s College, Cambridge
OccupationCEO, Ashmore Group
Net worth GB£1.42 billion (Sunday Times Rich List, 2020)
Spouse(s)Rebecca Coombs

Early life

Mark Langhorn Coombs was born in April 1960,[1] and was educated at Dulwich College and St John’s College, Cambridge with a degree in law.[2][3]

Career

Coombs' first career job was in 1983 in the Latin American department at Grindlays Bank, which was later acquired by the Australia and New Zealand Banking Group.[2] In 1998, he started Ashmore as a new division of the company. In 1999, Coombs led a management buyout, and took Ashmore public in 2006. He later bought the money manager Emerging Market Management.[3] In 2007, he held 42.5% of the Ashmore Group.[2]

In 2019, Coombs disposed of 10 million shares in Ashmore Group, which earned him £43.5 million.[4]

According to the Sunday Times Rich List in 2020, Coombs is worth £1.42 billion, a decrease of £88 million from 2019.[5]

Personal life

He lives with his wife Rebecca[6] in Wimbledon, London.[3]

References
  1. "Ashmore Group plc". Companies House. Retrieved 10 August 2015.
  2. Burgess, Kate (27 February 2007). "Ashmore's reluctant debutante". FT. Retrieved 31 December 2014.
  3. "Mark Coombs". Forbes. Retrieved 31 December 2014.
  4. Janiaud, Alex (2020-06-25). "Ashmore CEO banks £43.5m in share sale". www.investorschronicle.co.uk. Retrieved 2020-08-25.
  5. Times, The Sunday. "Rich List 2020: profiles 51-100, featuring Bernie Ecclestone". ISSN 0140-0460. Retrieved 2020-07-17.
  6. "Low profile city financier to join dollar billionaire club". ES. 15 September 2006. Retrieved 31 December 2014.
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