Age, Biography and Wiki
Firoz Kassam is a Tanzanian-born British businessman and entrepreneur. He is the founder and chairman of the Firoka Group, a multi-million dollar business empire that includes investments in hotels, leisure, property, and technology. He is also the former owner of Oxford United Football Club.
Kassam was born in 1955 in Tanzania and moved to the United Kingdom in the 1970s. He studied at the University of Oxford and graduated with a degree in economics.
Kassam began his career in the hospitality industry, working for the Intercontinental Hotels Group. He then founded the Firoka Group in 1988, which has since grown to become a multi-million dollar business empire.
Kassam has also been involved in a number of philanthropic activities, including the Firoz Kassam Foundation, which supports a number of charitable causes.
Kassam is estimated to have a net worth of around $400 million.
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He is a member of famous Businessman with the age 68 years old group. He one of the Richest Businessman who was born in United Kingdom.
Firoz Kassam Height, Weight & Measurements
At 68 years old, Firoz Kassam height not available right now. We will update Firoz Kassam's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Firoz Kassam Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Firoz Kassam worth at the age of 68 years old? Firoz Kassam’s income source is mostly from being a successful Businessman. He is from United Kingdom. We have estimated
Firoz Kassam's net worth
, money, salary, income, and assets.
| Net Worth in 2023 |
£315 million (2017) |
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Pending |
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Businessman |
Firoz Kassam Social Network
Timeline
In February 2006, Kassam's Firoka company was announced as the preferred bidder for the redevelopment of Alexandra Palace in London. The whole Palace would be given to Firoka on a 125-year lease for commercial uses. As it is held on a charitable trust, and Firoka is a private company, this proposal was very controversial. It was subject to agreement of the charity commission, which received 350 objections to the lease to develop a multi-use exhibition, leisure and entertainment complex. On 5 October 2007 in the High Court, Mr Justice Sullivan granted an application by a member of the conservationist Save Ally Pally group to quash the Charity Commission's Order authorizing the lease.
In 2007, his net worth was estimated at £240 million. In the 2017 Sunday Times Rich List, his net worth was £315 million.
In 1999, Kassam bought Oxford United F.C. for £1, also taking over its debts, estimated to be in the region of £13m. In 2000, he resumed building a 12,500-capacity stadium at Minchery Farm on the edge of Oxford, which he called the Kassam Stadium. Construction of this stadium had actually been in progress since 1997, but was suspended in the early stages due to the club's financial problems. The fourth side of the stadium was left empty due to Oxford's decline in the league, as they had dropped down two divisions while the stadium was being built. The development includes a hotel, cinema, bowling alley, gym, health centre and restaurants. Oxford United played its first game there on 18 August 2001, in Division Three of the Football League. Kassam sold the football club in 2006, but retained ownership of the stadium through his company Firoka with Oxford United (and later also London Welsh RFC) as tenants. Oxford United's old home, the Manor Ground in Headington, was sold by Kassam, first to his own holding company for £6 million, and then to developers for £12 million in 1999. The ground has since been demolished and developed into the Manor Hospital, which opened in October 2004.
Kassam also owns the historic mansion and grounds of Heythrop Park which he purchased in 1999 for £15m. The site underwent a £50 million rebuilding programme and has been developed into a luxury hotel and spa with an 18-hole championship golf course and restored landscape gardens. In August 2005, he purchased Studley Castle in Warwickshire, a hotel and conference centre formerly owned by Phoenix Venture Holdings, the consortium who owned carmaker MG Rover from 2000 until 2005.
Starting out with a fish and chip shop, Kassam made his fortune as a slum hotelier and in the 1980s was labelled a "merchant of misery". He bought run-down London hostels and hotels and was paid by local councils to fill them with homeless people and asylum seekers, until the tenants rebelled over the conditions in which they were being housed.
Firoz Kassam (born 1955) is a British businessman. Born and brought up in Tanzania, of Indian descent, he came to Britain at the age of 19. He owned Oxford United F.C. from 1999 to 2006, and was named the 309th wealthiest person in the UK in the Sunday Times Rich List 2009 with an estimated fortune of £180 million.
