Richard Cares Net Worth Wiki, Height, Biography, Wife, Children And Early Life
Richard Cares Net Worth
Richard Cares Net Worth: Richard Caring is a British businessman who has a net worth of $1.05 billion. After making his fortune in fashion, Richard Caring went on to build his fortune further in two other areas, namely real estate and restaurants. Born in north London into a family of clothing manufacturer Louis Caring Originals, Caring left school at 16 to help his parents.
So, before learning about the benefits and disasters of the production process, he got acquainted with the basics of the family business. In 1971, he made his first trip to Hong Kong, where he saw a new business opportunity. With labour and materials far cheaper than in the UK, he started selling his newfound quality but cheap clothing from Hong Kong to UK retailers through his International Clothing Design (ICD). By 1979, as the business boomed, he moved his family permanently to Hong Kong. At its peak, ICD supplied 70% of the clothing sold by UK high street retailers, mainly Marks & Spencer, Mothercare and Next. Later, his business interests were largely dispersed into real estate, restaurants and nightclubs. In addition to business, Richard Caring is also actively involved in philanthropy. In fact, it was his near-death experience in the 2004 Indian Ocean earthquake that fueled Caring’s philanthropic contributions.