Business Career
Subsequently, the Murray Group of companies grew to become one of the United Kingdom’s most successful privately-owned enterprises. Added to the core business of steel were interests in surface mining (GM Mining), commercial property development (Premier Property Group), venture capital (Charlotte Ventures) and call centres (RHL, trading as 'RESPONSE' from February 2007 onwards, formerly Response Handling Limited). In 2006, the Murray group collectively reported turnover of £550 million, representing a fivefold increase on the figure five years previously, largely as a result of growing involvement in property development. Corporate success was also reflected in Murray's personal wealth, estimated in the Sunday Times Rich List 2008 at £720 million, making him the 113th wealthiest person in Britain. In 2007, Murray was said to be the seventh richest Scot.
Murray's personal wealth has suffered in the recession of 2008–2009. The Sunday Times Richlist 2010 valued his fortune at £110 million, 78% down on the £500 million fortune he was estimated to have in the 2009 edition of the richlist.
Alongside his high-profile business activities, other Murray interests have helped cement his prominence in Scottish life. In 1991, Murray established the Sunday Scot, a tabloid newspaper which ceased publication after only 14 weeks.
Read more about this topic: David Murray (Scottish Businessman)
Famous quotes containing the words business and/or career:
“Young men of the fairest promise, who begin life upon our shores, inflated by the mountain winds, shined upon by all the stars of God, find the earth below not in unison with these,—but are hindered from action by the disgust which the principles on which business is managed inspire, and turn drudges, or die of disgust,—some of them suicides.”
—Ralph Waldo Emerson (1803–1882)
“Each of the professions means a prejudice. The necessity for a career forces every one to take sides. We live in the age of the overworked, and the under-educated; the age in which people are so industrious that they become absolutely stupid.”
—Oscar Wilde (1854–1900)