James Hay (entrepreneur)

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James Hay
Born (1950-06-07) 7 June 1950 (age 71)
NationalityBritish
EmployerJMH Group
TitleChairman

James "Jim" Hay (born 7 June 1950) is a Scottish born entrepreneur. He is the Chairman of Dubai-based JMH Group – a private family business operating in the construction and high end luxury goods markets.[1]

According to The Sunday Times Rich List in 2019, he is worth £325 million.[2]

Education[]

Hay studied at Strathclyde University, Glasgow, Scotland gaining a Bachelor of Science (B.Sc.) and Doctor of Philosophy (Ph.D.) in Applied Chemistry.[1] In 2013 he was welcomed to the ‘Strathclyde Academy of Distinguished Entrepreneur’s’ for his work with the JMH Group/Fosroc.[3]

Career[]

BP[]

In 1975 Hay joined BP as an engineer and went on to spend 27 years there.[4] He went on to become a senior executive at BP.[5]

JMH Group[]

In 2002, Hay founded the JMH Group, a private business which is today reported as having turnover in excess of $600m.[4][6] He is Chairman of the JMH Group which includes Fosroc as well as luxury goods brands Ray Ward, Bernard Wetherill (Savile Row men's outfitters) and Fitriani (women's fashion design and retailer).

Fosroc[]

Hay acquired Fosroc which provides Constructive Solutions for a wide variety of construction project.[7]

Horse racing[]

In 2006 Hay purchased Uplands, The Lambourn Yard from John and Lavinia Taylor.[8] In 2008 the Hay family were reported to have topped the list of buyers at South Africa’s yearling sales.[9]

In 2011, they purchased a share in Irish Derby and Champion Stakes winner Cape Blanco and 4 time Group 1 winner Fame and Glory.[10][11] Fame and Glory went on to win the 2011 Ascot Gold Cup, on a day when the Hays were invited to join the Queen's Royal procession in open-topped carriages from Windsor Castle.[12]

Birch Grove[]

Birch Grove entrance gates

In 2011, Hay and his wife Fitri purchased Birch Grove, the former home of Harold Macmillan in West Sussex.

The estate also includes a private golf course.[12]

References[]

  1. ^ a b "Jim Hay Bio". University of Strathclyde. Archived from the original on 6 October 2014. Retrieved 5 September 2014.
  2. ^ Times, The Sunday (12 May 2019). "Rich List 2019: profiles 351-399=, featuring the Queen, Elton John and David Beckham". ISSN 0140-0460. Retrieved 7 November 2019.
  3. ^ "Jim Hay Wins Award at 2013 Event". University of Strathclyde.
  4. ^ a b "Strathclyde People Spring 2009" (PDF). Strath.ac.uk. Archived from the original (PDF) on 24 September 2015. Retrieved 5 September 2014.
  5. ^ Armytage, Marcus (16 August 2006). "Owner plans to make hay at Uplands" (Press release). London: The Telegraph. Retrieved 5 September 2014.
  6. ^ "JMH Group Company Overview". Bloomberg Business Week. Retrieved 5 September 2014.
  7. ^ "Fosroc Company Overview". The Construction Index.
  8. ^ Armytage, Marcus (3 August 2005). "Uplands to Change Hands" (Press release). London: The Telegraph. Retrieved 5 September 2014.
  9. ^ Hogg, Alec (5 April 2008). "Foreigners scoop SA bloodstock cream" (Press release). MoneyWeb. Retrieved 5 September 2014.
  10. ^ "Tom Tate Parts Company with Jim & Fitri Hay". Racing Post.
  11. ^ "NTRA Bio on Jim Hay". Racing Post.
  12. ^ a b Eden, Richard (6 November 2011). "Carole Middleton's racehorse-owning friend Dr Jim Hay buys Harold Macmillan's former home" (Press release). The Telegraph. Archived from the original on 6 November 2011. Retrieved 5 September 2014.
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