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Mahmud Kamani net worth | Evening Standard Tech Rich List

Simon Hunt and William Mata
·1 min read
(ES Composite)
(ES Composite)
Boohoo’s top three bosses stand to get nearly £100 million from the scheme (Ian West/PA) (PA Archive)
Boohoo’s top three bosses stand to get nearly £100 million from the scheme (Ian West/PA) (PA Archive)

Mahmud Kamani

The son of an Indian-Kenyan father, Mr Kamani was born into a hustle culture in sixties Britain and started off selling handbags from a market stall.

Mr Kamani went on to start a family textile business which would supply New Look and Primark before launching Boohoo Group in 2006 alongside Carol Kane.

The now 58-year-old was an early adaptor to the online demand of the 18-30 clientele the fashion line tends to, and the business grew rapidly as high street brands closed.

After announcing £31 million profits in 2017, Mr Kamani was able to sell shares for millions - before the company announced a bumper pandemic. From 2021, Boohoo was able to then buy its former rival Arcadia brands Dorothy Perkins, Wallis and Burton out of administration for £25 million.

View the full rich list here.

View the rich list methodology here.