Who is Sir James Dyson and what is the inventor’s net worth?
SIR JAMES DYSON is one of Britain’s most prolific inventors and is credited with revolutionizing the vacuum cleaner industry.
The British businessman is regularly ranked among the richest people in the UK thanks to his hugely successful Dyson ventures and impressive property portfolio.
Who is Sir James Dyson?
James Dyson was born on May 2, 1947 in Norfolk to parents Janet and Alec.
He attended art school before developing his most famous product – the bagless vacuum cleaner – after becoming frustrated with his household vacuum losing suction while picking up dirt.
In 1983 he developed the G-Force cleaner using cyclone separation technology already used in sawmills.
The product did not meet with immediate success in the UK as major manufacturers feared it would destroy the lucrative cleaning bag market, which was then valued at £100m a year in the UK.
As a result, Dyson took its product to Japan, where it was a huge hit.
Dyson was able to secure a lucrative patent for its vacuum technology in the mid-80s and by the 1990s the businessman was able to set up his own manufacturing company in the UK – putting him in direct competition with the big brands that had rejected the G-Force.
The Dyson Dual Cyclone product became the fastest selling vacuum cleaner in the UK and in 2002 Dyson launched its innovative vacuum cleaners in the United States.
Other Dyson inventions include the Dyson Airblade, which revolutionized hand dryers, and a bladeless fan called the Air Multiplier.
In 2023, the company introduced Dyson Zone, a wearable headset that doubles as a Bluetooth over-ear headphone and air filter mask.
James Dyson became Sir James when he was knighted in 2007.
What is Sir James Dyson Net Worth?
In May 2023, Dyson was named the richest person in the West Country the Sunday Times Rich List.
His estimated net worth was a whopping £23 billion, making him the fifth richest person in the country.
Sir James is no stranger to the Sunday Times Rich List and in 2020 he topped the list for the first time.
It was reported at the time that the pro-Brexit entrepreneur’s fortune had risen by £3.6 billion to £16.2 billion between 2019 and 2020.
Dyson has an impressive real estate portfolio, including a 9,138-square-foot Park Avenue penthouse in New York City valued at $74 million.
What happened to the Dyson electric car?
In 2017, Dyson announced plans to build electric cars by 2021 to rival Elon Musk’s Tesla.
Despite an investment of £2 billion, the project failed.
After Dyson failed to find a buyer, the project was pulled in 2019. The inventor said the project was no longer “economically viable”.