Lloyd Dorfman

$1.20 B

Ranked #828 in World

About Lloyd Dorfman

Sir Lloyd Marshall Dorfman","a distinguished British entrepreneur and philanthropist with a net worth of £720 million as per The Sunday Times Rich List 2020","is the founder of Travelex","the leading global retailer in foreign exchange. Born into a Jewish immigrant family in London on August 25",1952,"Dorfman","s journey began without a university education but led him to establish Travelex in 1976. His strategic expansions across continents and pivotal acquisitions, including Thomas Cook\"s Global & Financial Services business in 2001, positioned Travelex as a dominant force in the non-bank foreign exchange sector. Despite selling Travelex in 2014, Dorfman remains influential through his investments in The Office Group, Doddle, and the London Theatre Company, among others. His commitment to philanthropy is evident through his roles with the Prince\"s Trust, Royal Opera House, and various other charitable organizations. Knighted in 2018 for his contributions to business and charity, Sir Lloyd Dorfman\"s legacy extends beyond finance into significant philanthropic endeavors.

Born

August 25, 1952

Age

73 years

Source Of Wealth

Finance

Citizenship

United Kingdom

Residence

London

Education

Drop Out, Wenzhou Normal College

Spouse

Sarah Dorfman

Sir Lloyd Marshall Dorfman, a prominent British entrepreneur and philanthropist, was born on August 25, 1952. He hails from a Jewish immigrant family from Eastern Europe who settled in London before World War I. Dorfman received his education at St Paul's School but did not pursue a university degree.

Lloyd Dorfman: Family

Sir Lloyd Dorfman is married and has three children. He resides in London.

Lloyd Dorfman: Career Highlights

Dorfman's remarkable career took off in 1976 when he established Travelex, a small currency exchange shop in London. His entrepreneurial spirit led to the expansion of Travelex to ports overseas, including the Netherlands and Belgium. A significant milestone was achieved in 1986 when Travelex secured a landmark contract at Heathrow Terminal 4, becoming the first non-bank foreign exchange provider.

Dorfman's global vision drove Travelex's expansion into the United States in 1989 and Australia in 1990. In 2001, Travelex acquired Thomas Cook's Global & Financial Services business, solidifying its position as the world's largest non-bank foreign exchange business. Dorfman continued to drive Travelex's growth in Asia, with operations in Japan (2003), India (2003), and China (2004).

In 2011, Dorfman made strategic divestments by selling Travelex's card programme management business to MasterCard for £290 million and Global Business Payments to Western Union for £606 million. In 2014, Travelex was sold to shareholders in Abu Dhabi, with Dorfman retaining a 5% shareholding.

Lloyd Dorfman: Companies

Beyond Travelex, Dorfman has been involved in various business ventures. He is a minority shareholder in The Office Group, a British co-working space pioneer, and served as its former chairman and majority shareholder from 2010 to 2017. Dorfman is also the co-founder and chairman of Doddle, a retail business focused on online shopping collection and returns.

His investment portfolio includes being a lead investor and board member of the London Theatre Company, a shareholder and director of Ben Ainslie Racing's America's Cup Challenge, and a member of Mayor of London Sadiq Khan's Business Advisory Board.

Dorfman's recent investment includes £3 million in Snoop, an app created by former Virgin Money boss Dame Jayne-Anne Gadhia.

Lloyd Dorfman: Major Achievements

Dorfman's entrepreneurial success has been widely recognized. In 2001, he was honored as the UK "Entrepreneur of the Year." The British American Chamber of Commerce presented him with the UK Entrepreneurial Award in 2002, and the Institute of Economic Affairs bestowed upon him the Free Enterprise Award the same year.

In 2007, Dorfman was recognized as an Honorary Australian of the Year in the UK. His contributions to business and charity were acknowledged when he was appointed Commander of the Order of the British Empire (CBE) in 2008. Dorfman's achievements culminated in a knighthood in the 2018 Birthday Honours.

Lloyd Dorfman: Awards & Achievements

Dorfman's philanthropic endeavors have also garnered numerous accolades. In 2011, he received the Prince of Wales Medal for Arts Philanthropy. He holds honorary fellowships from St Peter's College, Oxford, and is an Honorary Bencher of Lincoln's Inn. Buckingham University conferred upon him an honorary doctorate in 2016, and in 2022, he was appointed Commander of the Royal Victorian Order (CVO) for his services to the Prince's Trust.

Lloyd Dorfman: Personal Life & Legacy

Dorfman's personal life revolves around his family, including his wife and three children. He resides in London and continues to make significant contributions to the business and philanthropic communities.

Lloyd Dorfman: Trivia

The Cottesloe Theatre at the National Theatre was renamed the Dorfman Theatre in recognition of Dorfman's generous £10 million donation. He joined the board of BAFTA in 2017 and has supported the Royal Academy's launch of international architecture awards and the restoration of Senate Rooms.

Wealth History

Timeline

August 25, 1952

Sir Lloyd Marshall Dorfman is born in London, England.

1976

Dorfman founds Travelex, a foreign exchange company, with a small currency exchange shop in London.

1986

Travelex secures a landmark contract at Heathrow Terminal 4, becoming the first non-bank foreign exchange provider.

1989

Travelex expands to the United States.

1990

Travelex expands to Australia.

2001

Travelex acquires Thomas Cook's Global & Financial Services business, making it the world's largest non-bank foreign exchange business.

2003

Travelex expands to Japan and India.

2004

Travelex expands to China.

2010

Dorfman becomes chairman and majority shareholder of The Office Group, a British co-working space pioneer.

2011

Travelex sells its card programme management business to MasterCard for £290 million.

2011

The Cottesloe Theatre at the National Theatre is renamed the Dorfman Theatre after a £10 million donation from Dorfman.

2014

Travelex is sold to shareholders in Abu Dhabi, with Dorfman retaining a 5% shareholding.

2016

Dorfman steps down as chairman and majority shareholder of The Office Group.

2017

Dorfman joins the board of BAFTA.

2018

Dorfman is knighted in the 2018 Birthday Honours.

2022

Dorfman is appointed Commander of the Royal Victorian Order (CVO) for services to the Prince's Trust.

Lloyd Dorfman : FAQs

What is Lloyd Dorfman's net worth?

As of 2010, Lloyd Dorfman's net worth was $1.20 billion.

What are Lloyd Dorfman's main sources of wealth?

Lloyd Dorfman's main source of income comes from Finance.

What is Lloyd Dorfman educational background?

Lloyd Dorfman is a dropout from Wenzhou Normal College.

How old is Lloyd Dorfman?

Lloyd Dorfman is 73 years old.

How many children does Lloyd Dorfman have?

Lloyd Dorfman has 3 children.

Who is Sir Lloyd Marshall Dorfman and what is he known for?

Sir Lloyd Marshall Dorfman is a British entrepreneur and philanthropist, born on August 25, 1952. He is best known as the founder of Travelex, the world's largest retailer of foreign exchange, and has an estimated net worth of £720 million according to The Sunday Times Rich List 2020.

What were the key milestones in Sir Lloyd Dorfman's career?

Sir Lloyd Dorfman started Travelex in 1976, expanded internationally, secured a landmark contract at Heathrow Terminal 4 in 1986, acquired Thomas Cook's Global & Financial Services business in 2001, and sold parts of Travelex in the 2010s. He remains a significant figure in various business ventures, including The Office Group and Doddle.

How has Sir Lloyd Dorfman contributed to philanthropy?

Sir Lloyd Dorfman has made significant contributions to philanthropy as chairman of the Prince's Trust and Prince's Trust International, trustee of several cultural institutions, and through substantial donations to the arts, including renaming the Cottesloe Theatre to the Dorfman Theatre after a £10 million donation.

What awards and honours has Sir Lloyd Dorfman received?

Sir Lloyd Dorfman has received numerous awards and honors, including being named UK "Entrepreneur of the Year" in 2001, receiving the Commander of the Order of the British Empire (CBE) in 2008 for services to business and charity, being knighted in 2018, and receiving the Commander of the Royal Victorian Order (CVO) in 2022 for services to the Prince's Trust.

What is Sir Lloyd Dorfman's background and early life?

Sir Lloyd Dorfman comes from a Jewish immigrant family from Eastern Europe that settled in London before World War I. He was educated at St Paul's School but did not attend university before starting his career and eventually founding Travelex.