Martin Naughton

$1.00 B

Ranked #2124 in World

About Martin Naughton

Martin Naughton, the esteemed Irish-British entrepreneur and engineer, renowned for founding the electrical appliance titan GlenDimplex, has significantly impacted the industry since Glen Electric's inception in 1973. With roots tracing back to De La Salle College Dundalk, Naughton's commitment extends beyond the corporate realm, notably through scholarships and contributions to prestigious institutions like Trinity College Dublin. Under his leadership, GlenDimplex expanded by acquiring key brands, propelling it to the forefront of the global market with an impressive $1.6 billion in annual sales. Beyond his business acumen, Naughton is celebrated for his philanthropy, earning accolades such as the Légion d'Honneur and the Business for Peace Award, while maintaining a conscientious personal life in County Meath with his family.

Born

May 02, 1939 in Dundalk, County Louth, Ireland

Age

87 years

Source Of Wealth

Heating Equipment

Industries

Manufacturing

Citizenship

Ireland

Residence

Maeth

Education

Bachelor of Arts/Science, Southampton College of Advanced Technology England

Spouse

Carmel Naughton

Children

Martin Naughton, the Irish-British billionaire businessman and engineer, was born and raised in County Louth, Ireland. He attended De La Salle College Dundalk, where he excelled academically and developed a passion for engineering. Today, he continues to support his alma mater through an annual scholarship program.

Martin Naughton: Family

Martin Naughton is married and has three children. He resides with his family in County Meath, Ireland. His son, Fergal Naughton, followed in his father's footsteps and took over as the CEO of GlenDimplex in 2016.

Martin Naughton: Career Highlights

Martin Naughton's career is marked by remarkable achievements in the electrical appliance industry. In 1973, he founded Glen Electric, a small manufacturing facility in Newry, Northern Ireland. Four years later, he acquired Dimplex, the leading brand in the UK electrical heating market, and formed the Glen Dimplex Group.

Under Naughton's leadership, GlenDimplex expanded rapidly, acquiring several other businesses across the UK and Europe, including Morphy Richards, Blanella, and Burco Dean Appliances. Today, the company stands as the world's largest manufacturer of domestic heating appliances, with plants in the Republic of Ireland, the United Kingdom, and North America.

GlenDimplex employs over 8,000 staff and operates 22 manufacturing facilities worldwide, generating annual sales of approximately $1.6 billion. Naughton's stake in the company is valued at around £273 million.

Martin Naughton: Companies

Martin Naughton's business ventures extend beyond GlenDimplex. He has a diverse portfolio of investments, including an impressive art collection, properties in Dublin, and shares in the Merrion Hotel Group and the Sunday Tribune newspaper.

Martin Naughton: Major Achievements

Martin Naughton's contributions to the business world have been widely recognized. In 1995, he received an honorary doctorate from Trinity College Dublin. In 2016, he was bestowed with the prestigious French Légion d'Honneur, and in 2017, Dublin City University conferred upon him another honorary doctorate.

Martin Naughton: Awards & Achievements

Naughton's philanthropic endeavors have also garnered significant accolades.

In 2016, he and his wife were named Philanthropists of the Year by the Community Foundation for Ireland. The following year, he received the Business for Peace Award from the Business for Peace Foundation. In 2018, he was honored with the Outstanding Contribution to Business Award at the Irish Post Awards.

Martin Naughton: Personal Life & Legacy

Martin Naughton is known for his dedication to charitable causes and community service. He resides at Stackallan House in County Meath, a historic property he purchased from Margaret Heffernan.

Martin Naughton: Trivia

Martin Naughton is a passionate art collector and owns an extensive collection of Irish art. He is also a keen golfer and enjoys spending time with his family.

Wealth History

Timeline

1973

Founded Glen Electric in Newry, Northern Ireland.

1977

Acquired Dimplex, forming the Glen Dimplex Group.

1995

Awarded an honorary doctorate from Trinity College Dublin.

2016

Son, Fergal Naughton, took over as CEO of GlenDimplex. Named philanthropists of the year by the Community Foundation for Ireland. Awarded the French Légion d'Honneur.

2017

Awarded an honorary doctorate from Dublin City University.

2018

Received the Business for Peace Award from the Business for Peace Foundation. Won the Outstanding Contribution to Business Award at the Irish Post Awards.

Martin Naughton : FAQs

What is Martin Naughton's net worth?

As of 2018, Martin Naughton's net worth was $1.00 billion.

What are Martin Naughton's main sources of wealth?

Martin Naughton's main source of income comes from Heating Equipment.

In which industry does Martin Naughton primarily operate?

Martin Naughton is primarily involved in the Manufacturing industry.

What is Martin Naughton educational background?

Martin Naughton holds a Bachelor of Arts/Science from Southampton College of Advanced Technology England.

How old is Martin Naughton?

Martin Naughton is 87 years old.

How many children does Martin Naughton have?

Martin Naughton has 3 children.

Who is Martin Naughton and what company did he found?

Martin Naughton is an Irish-British billionaire businessman and engineer, founder of GlenDimplex, a leading company specializing in electrical appliances.

How has Martin Naughton contributed to education?

Martin Naughton is an alumnus of De La Salle College Dundalk, where he funds an annual scholarship program, and has made donations to several educational institutions including Trinity College Dublin and the University of Notre Dame.

What are some key milestones in the career of Martin Naughton?

Martin Naughton founded Glen Electric in 1973, acquired Dimplex in 1977 to form GlenDimplex Group, and expanded his company to become the world's largest manufacturer of domestic heating appliances, employing over 8,000 staff with annual sales of around $1.6 billion.

What honors has Martin Naughton received for his contributions?

Martin Naughton has been awarded an honorary doctorate from Trinity College Dublin in 1995, the French Légion d'Honneur in 2016, an honorary doctorate from Dublin City University in 2017, and he received the Business for Peace Award in 2018 among other honors.

What is known about Martin Naughton's personal life?

Martin Naughton is married with three children and lives in County Meath. His son, Fergal Naughton, took over as CEO of GlenDimplex in 2016. Naughton has been named philanthropist of the year and has made significant contributions to various causes.