Doug Richard Net Worth 2022 – Wiki, Dragons Den, Why He Left, Where Is He Now

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What does a life look like that has experienced everything from receiving an honorary award from the Queen of England to facing a jury in a court room for embarrassing conduct? All of this Doug Richard has gone through in building a $75 Million Net Worth, along with being one of the first dragons on Dragons’ Den.

Looking at the many companies he has started, helped and sold, his life speaks of continual change. Is this how he managed to adapt and stay so successful in an ever-changing world? Here’s all we found out about this powerhouse businessman who started his journey by studying psychology.

Net Worth Breakdown

Doug Richard’s $75 Million Net Worth is thanks to a variety of projects over the past few decades, since his start as an entrepreneur in 1985.

He owned various companies, invested in others and gets an income from book sales. He has also sold many companies which resulted in profits he could invest elsewhere.

According to celebworth.net, Doug earns about $27 000 daily.

Doug Richard vs Other Dragons—How Does he Compare?

Doug deserves his seat on the dragon panel with his net worth of $75 million. However, other dragons do beat him in the numbers when you compare their net worth. Wikipedia shares some of the following numbers with us:

Peter Jones: $600 million+
Duncan Bannatyne: $380 million+
Simon Woodroffe: $230 million+

Doug Richard – Quick Facts Table

Date of birth	6 May 1958
Marital status	Married to Carolina Gonzalez-Carvajal
Birthplace	Buffalo, New York
Net worth	$75 million
Children	3
Education	University of California
Fast Facts	– Queen’s Award for Achievement in Enterprise Promotion – Government adviser – Author

Doug Richard—Bio & Early Life

Doug Richard is known for his business acumen but he started his adult life studying psychology, rather than business. Afterwards he completed his Doctorate of Law in 1985 and this was also the year he started his very first company, ITAL Computers.

After some business ventures he moved from the US to Cambridge in the early 2000s where he became involved in angel investing.

Apart from being an entrepreneur, Doug can often be seen in an advisory role, even for the government. For example, he assisted David Cameron, former Prime Minister of England, on business matters. His advisory roles included the following:

2008: In his role as the Conservative Party Task Force’s chairman, he put together the ‘Richard Report on Small Business’, with a focus on small business support
2012: The government requested him to write a report meant to assist in reworking the United Kingdom’s apprenticeship system

Doug Richard Interesting Facts

On Amazon you’ll find a book written by Doug Richard, called ‘How to Start a Creative Business’.
In 2010 Doug released an ‘Entrepreneurs Manifesto’. He wanted to help draw entrepreneurs to the United Kingdom.

How Did He Make His Money?

Doug’s first company, ITAL Computers, helped the aerospace industry with integrated computer aided design and other systems.

In 1991 he sold this company and so started a process of being part of companies and then selling them or moving on to another project. His projects included:

Establishing Visual Software with John Halloran, which he sold
Being CEO of Micrografx and improving its financial position; it was later sold
Starting Cambridge Angels which focused on angel investments for start-ups involved in the tech industry; this was also sold in 2004
Being co-founder of Library House, another angel investment group; here he made money by selling the transaction database to Dow Jones when the company had to close down during a recession
Investing in entrepreneurs’ projects, such as Trutap
School for Startups Ltd which he started in 2008

One can see that apart from making money through his ventures, Doug also enjoys partnering with others and helping companies develop.

Doug Richard on Dragons’ Den

Dragons’ Den became part of Doug Richard’s life in 2004. At that time it was a brand new show and Doug was one of the very first dragons to listen to hopeful entrepreneurs’ business ideas. He was involved for two seasons of the show.

The Dragons’ Den Businesses He Invested in

Doug invested in a few projects during his years with Dragons’ Den, even partnering long term with some of the entrepreneurs. As the Dragons’ Den Fandom page reports, the following startups benefits from his partnerships:

Grails Ltd with Rachel Elnaugh.
Both he and Peter Jones invested in IV Cam.
He helped David Whitewood with TruTap which at that time provided revolutionary technology in the field of texting and interactive messaging. This was long before SmartPhones with all their fancy features.

Why did he Leave?

Doug’s exit from Dragons’ Den was voluntary. According to Wikipedia, he decided to leave when other responsibilities as a venture partner beckoned. This was with a hedge fund called Tudor Investments.

Doug Richard—Let’s Get Personal

In recent years Doug’s personal life was unfortunately splashed across gossip pages. Apart from that though, this family seems to value their privacy. Here are a few facts we dug up.

His Family

Doug is married to Caroline and they have three children. Even after the child sex charges court case, there has been no report that his wife left him.

His Age

At the time of writing Doug is 62 years of age.

The Scandal

2015 saw Doug caught up in a scandal where he was accused of having sex with a 13-year-old. Doug reported that he was under the impression she was 17 years of age. The descriptions of the incident related to sexual role play, as reported by The Irish Times. He met the girl via a sugar daddy website.

During the trial Doug was visibly upset and afterwards, according to The Guardian, he planned on going to therapy for his role play addiction. The jury found Doug innocent but the incident did have an impact on his business ventures and reputation.

Conclusion

Doug Richard’s life speaks of the success that’s possible if one keeps finding new projects—the right ones—to invest in.

He was on of the Dragons’ Den investors who saw some success with his investments, so it paid off being part of the show.

One can only hope that he learnt his lesson about working hard to retain one’s integrity and values as much as one’s fortune.