Tom Morris

$5.30 B

Ranked #767 in World

About Tom Morris

Thomas Joseph Morris, the British billionaire behind the Home Bargains empire, rose from a Liverpool shopkeeper's son to an esteemed retail magnate. Launching in 1976, Home Bargains, originally named "Home and Bargain," has grown to over 595 stores with plans for expansion. With its 34,000-strong workforce, the chain is a significant employer in Merseyside. His family-run business, including a role for his son and textile ventures by daughter Lisa, contributes to Morris's £6.133 billion worth, as stated by the Sunday Times Rich List 2023.

Born

October 02, 1954

Age

71 years

Source Of Wealth

Retail

Industries

Fashion & Retail

Citizenship

United Kingdom

Residence

Merseyside

Spouse

Kristina O'Hare

Children

Thomas Joseph Morris, the British billionaire businessman and founder of the retail chain Home Bargains, was born in February 1954 in Liverpool, England. He is the son of a shopkeeper and one of seven children. Morris received a degree in engineering, which laid the foundation for his future entrepreneurial endeavors.

Tom Morris: Family

Morris comes from a close-knit family. His younger brother, Joe Morris, is a smaller shareholder and operations director at Home Bargains. Three of his other brothers are also involved in the company, contributing to its success.

Tom Morris: Career Highlights

Morris's entrepreneurial journey began in 1976 when he founded Home Bargains at the age of 21 in Old Swan, Liverpool. Initially named "Home and Bargain," the chain retailed various goods, including health and beauty products, groceries, and toys. In 1995, Morris rebranded the stores' logo and name to Home Bargains, introducing a new blue and red corporate logo designed by a family member.

Morris's business acumen and strategic decisions have propelled Home Bargains to remarkable growth. Starting with a bank overdraft, the company now boasts over 595 stores and employs more than 34,000 staff. Home Bargains has the largest presence in the Merseyside region of the UK and is the largest single employer in the area. Morris's vision for expansion includes plans to increase the number of stores to more than 800.

Morris's interest in Home Bargains is held by the parent company TJ Morris. He owns 89% of the company, while his younger brother, Joe Morris, is a smaller shareholder and operations director.

Tom Morris: Companies

Morris's business empire revolves around Home Bargains, the retail chain he founded and successfully expanded. Home Bargains is known for its wide range of products at competitive prices, catering to the needs of budget-conscious consumers.

Tom Morris: Major Achievements

Morris's entrepreneurial success has earned him recognition and accolades. He has been instrumental in creating thousands of jobs and contributing to the local economy.

His leadership and business acumen have transformed Home Bargains into one of the UK's leading retailers.

Tom Morris: Awards & Achievements

Morris's contributions to the retail industry have been widely acknowledged. He has received numerous awards, including the Ernst & Young Entrepreneur of the Year Award in 2005 and the Liverpool Echo Lifetime Achievement Award in 2018.

Tom Morris: Personal Life & Legacy

Morris leads a private life and resides in Lytham St Annes, Lancashire, England, with his wife. His son is involved in the family business, working for Home Bargains. Morris's daughter Lisa and her American husband Brian run Morris Textiles, the linen warehouse.

Tom Morris: Trivia

Morris's success story is an inspiration to aspiring entrepreneurs. Despite starting with limited resources, his determination and business acumen have built a retail empire that continues to thrive. Morris's commitment to providing affordable products and creating employment opportunities has left a lasting impact on the communities he serves.

Wealth History

Timeline

February 1954

Thomas Joseph Morris is born in Liverpool, England.

1976

Morris starts Home Bargains at the age of 21 in Old Swan, Liverpool.

1995

The stores' logo and name are rebranded to Home Bargains with a new blue and red corporate logo designed by Morris's family member.

2018

Morris pays himself £1 million.

2023

Morris's estimated net worth is £6.133 billion, making him the richest Liverpudlian and fourth wealthiest person from North-West England.

Tom Morris : FAQs

What is Tom Morris's current net worth?

Tom Morris's current net worth is $5.30 billion.

What is Tom Morris's current global rank among billionaires?

Tom Morris holds the 767th position globally among billionaires.

What is Tom Morris's current ranking within the United Kingdom?

Tom Morris holds the 16th position in United Kingdom.

What was the change in Tom Morris's net worth compared to the previous year?

Tom Morris's net worth decreased by 777.79 million dollars compared to the previous year 2025, when his net worth was 6.08 billion dollars.

What are Tom Morris's main sources of wealth?

Tom Morris's main source of income comes from Retail.

In which industry does Tom Morris primarily operate?

Tom Morris is primarily involved in the Fashion & Retail industry.

How old is Tom Morris?

Tom Morris is 71 years old.

Who is Thomas Joseph Morris and what is he known for?

Thomas Joseph Morris is a British billionaire businessman and the founder of the popular retail chain Home Bargains. He established the business in 1976 and has since expanded it into a nationally recognized brand.

How did Thomas Joseph Morris start his business, Home Bargains?

Thomas Joseph Morris started Home Bargains at the age of 21 with a bank overdraft. He opened the first store in Old Swan, Liverpool in 1976, originally named 'Home and Bargain.'

What are some of the milestones in the growth of Home Bargains?

Home Bargains rebranded in 1995 with a new corporate logo, and it now boasts over 595 stores with plans to expand to more than 800. It's the largest employer in Merseyside region and Morris's interest is held by the parent company TJ Morris.

What is known about Thomas Joseph Morris's family and personal life?

Thomas Joseph Morris is married and resides in Lytham St Annes, Lancashire. His son works for Home Bargains, and his daughter Lisa, along with her American husband Brian, runs Morris Textiles, a linen warehouse.