Simon Arora

Simon Arora (born November 1969) is a British billionaire businessman, CEO of the retail chain B & M.

Simon Arora
BornNovember 1969 (age 51)
NationalityBritish
EducationCambridge University
OccupationBusinessman
Net worth£2.26 billion (jointly with brothers, May 2019)[1]
Spouse(s)Shalni Arora
Children2 daughters
RelativesBobby Arora (brother)
Robin Arora (brother)

Early life

Simon Arora was born in November 1969.[2] He studied law at Cambridge University.[3]

Career

Arora worked as an analyst for McKinsey, 3i and Barclays.[3]

In 1995, he went into business with his younger brother Bobby Arora, importing homewares from Asia and supplying them to UK retail chains, before buying B & M in 2004, which was then a struggling grocery chain based in Blackpool.[3]

In 2017, Simon and Bobby Arora cashed in £215m of shares and reduced their stake in B&M by a quarter, three years after taking it public.[4]

As of May 2019, the Arora brothers (Simon, Bobby and Robin) jointly have a net worth of £2.26 billion.[1]

Personal life

He is married to Shalni Arora, who has a Natural Sciences degree from Cambridge University, and was a co-founder of bio-tech business DxS.[5] They have two daughters.[6]

Arora owns three of the flats at 3–10 Grosvenor Crescent, a Grade II* listed terrace in London's Belgravia district, where he unsuccessfully opposed a legal dispute about concierge services in 2017.[7]

References
  1. Britton, Paul (10 May 2019). "The Sunday Times Rich List 2019: The 15 richest people in Greater Manchester, Cheshire and the north west". Manchester Evening News. Retrieved 8 October 2020.
  2. "B & M Retail Limited". Companies House. Retrieved 10 August 2015.
  3. "Simon and Bobby Arora - B&M". Managementtoday.co.uk. Retrieved 3 June 2017.
  4. "Billionaire brothers sell stake in UK discounter B&M". Financial Times. Retrieved 14 January 2019.
  5. "Simon & Shalni Arora - Asian Power CouplesAsian Power Couples". Asianpowercouples.com. 30 June 2015. Retrieved 3 June 2017.
  6. James Ferguson. "Brothers on their way to creating the new Woolies". Manchester Evening News. Retrieved 3 June 2017.
  7. "Owner of £18m flat wins court fight over lack of concierge staff". Retrieved 23 December 2017.


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