Tom Morris (businessman)

Thomas Joseph Morris was born in February 1954.[4] He is the son of a shopkeeper in Liverpool's Scotland Road, and one of seven children.[5][6] The Morris family have been involved in retailing for three generations.[7]

He received a degree in engineering.[6]

Morris started the Liverpool-based discount retail chain Home Bargains in 1976,[8] when he was 21 years old. The chain retails a diverse range of goods, including health and beauty products, groceries and toys. The stock is often bought at discount from brands trying to offload stock.[9]

Morris reportedly founded the brand using a bank overdraft.[9] It now has more than 550 stores, employing more than 22,000 staff.[7] It still has its largest presence in the Merseyside region of the UK, and is the largest single employer in the area.[7] Morris has said that he plans to expand the chain to more than 800 stores.[7] Morris's interest in Home Bargain's is held by parent company TJ Morris.

Morris owns 89% while his younger brother, Joe Morris, is a smaller shareholder and operations director.[8] Three other brothers also work for the company.[6]

Morris was worth an estimated £2.05 billion in 2014, as per the Sunday Times Rich List.[10] In April 2018, Forbes estimated his net worth at $3.1 billion.[9]

In 2018, Morris paid himself £1 million.[11]

He is married and lives in Merseyside, England.[9]

In 2001, the Liverpool Echo reported that his son worked for the company, and that his daughter Lisa and her American husband Brian run Morris Textiles, the linen warehouse.[12]