⬅ # 589 Marian Ilitch|# 591 Thomas Secunda

# 590 Tom Morris 

$5.41B

Real Time Net Worth
as of 4/12/2024
-$89.4M (-1.65%)

# 590 Tom Morris 

$5.41B

Real Time Net Worth
as of 4/12/2024
-$89.4M (-1.65%)
OccupationFounder and Managing Director, Home Bargains
Source of WealthRetail
Age69
ResidenceMerseyside, United Kingdom
Marital StatusMarried
EducationBS in Engineering
Age-Adjusted Net Worth$2.94B
Tom Morris
Tom Morris
United Kingdom
Net worth: $5.41B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Born in February 1954 in Liverpool, England, to parents Tom and Veronica Morris.
One of seven children in the Morris family.
Attended university and obtained a degree in engineering.

Career

Founded discount retail chain Home Bargains in 1976 in Old Swan, Liverpool, at the age of 21.
Rebranded stores from 'Home and Bargain' to 'Home Bargains' in 1995.
Used a bank overdraft to start the business.
Home Bargains now operates over 595 stores with more than 34,000 employees.
Plans to expand the chain to over 800 stores.
Owns 89% of Home Bargains, with his younger brother, Joe Morris, as a smaller shareholder and operations director.

Business Operations

Sales Strategies: Acquires stock at the same cost price as larger supermarkets but sells at a cheaper price to customers.

Expansion and Growth
Annual growth rate around 20–25% since 1977.
Constructed new headquarters and distribution center in Merseyside, creating 700 jobs.
Built a £70m distribution center in Wiltshire to support expansion plans.
Purchased rival discount retailer Quality Save in January 2023, converting all stores to Home Bargains.
Strong sales growth with turnover more than doubling from 2011 to 2015.

Stores and Branding
Stores have red and blue branding.
Range from small to medium outlets with some in out of town retail parks.
Typical store sizes range between 10,000 sq ft and 25,000 sq ft.
Acquired fourteen former Woolworths Group stores in January 2009.
Expanded into Scotland in December 2008, aiming for six stores in Glasgow by March 2009.
Announced a £25 million Northern Ireland expansion plan in February 2010.

How long would it take you to become as rich as Tom Morris?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Tom Morris's net worth of $5.41B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Tom Morris is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Tom Morris, Retail is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey