Michael Spencer
$1.4B
Born
May 30, 1955
Age
70
Source of Wealth
Stock exchange
Residence
London, Suffolk,
Citizenship
United Kingdom
Marital Status
Married
Children
3
Education
Bachelor of Arts/Science, Oxford University
- Spencer founded inter-broker dealer NEX Group (formerly ICAP), which was acquired by CME Group in 2018 for $5.4 billion.
- After the half stock, half cash deal, Spencer was granted 3 million shares of CME.
- He now owns and runs private IPGL Group, which has more than ?1 billion in assets.
- A loyal Tory, Spencer served as the Conservative Party's treasurer from 2006 to 2010.
- Spencer was granted peerage by UK Prime Minister Boris Johnson, and now sits in the House of Lords.
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