James Hay (entrepreneur)

James "Jim" Hay (born 7 June 1950) is a Scottish born entrepreneur. He is the Chairman of Dubai-based JMH Group – a private family business operating in the construction and high end luxury goods markets.[1]

James Hay
Born (1950-06-07) 7 June 1950
NationalityBritish
EmployerJMH Group
Net worth GB£325 million (Sunday Times Rich List, 2019)
TitleChairman

According to The Sunday Times Rich List in 2019, he is worth £325 million.[2]

Education

Hay studied at Strathclyde University, Glasgow, Scotland gaining a Bachelor of Science (B.Sc.) and Doctor of Philosophy (Ph.D.) in Applied Chemistry.[1] In 2013 he was welcomed to the ‘Strathclyde Academy of Distinguished Entrepreneur’s’ for his work with the JMH Group/Fosroc.[3]

Career

BP

In 1975 Hay joined BP as an engineer and went on to spend 27 years there.[4] He went on to become a senior executive at BP.[5]

JMH Group

In 2002 Hay founded the JMH Group, a private business which is today reported as having turnover in excess of $600m.[4][6] He is Chairman of the JMH Group which includes Fosroc as well as luxury goods brands Ray Ward, Bernard Wetherill (Savile Row men's outfitters) and Fitriani (women's fashion design and retailer).

Fosroc

Hay acquired Fosroc which provides Constructive Solutions for a wide variety of construction project.[7]

Horse racing

In 2006 Hay purchased Uplands, The Lambourn Yard from John and Lavinia Taylor.[8] In 2008 the Hay family were reported to have topped the list of buyers at South Africa’s yearling sales.[9]

In 2011, they purchased a share in Irish Derby and Champion Stakes winner Cape Blanco and 4 time Group 1 winner Fame and Glory.[10][11] Fame and Glory went on to win the 2011 Ascot Gold Cup, on a day when the Hays were invited to join the Queen's Royal procession in open-topped carriages from Windsor Castle.[12]

Birch Grove
Birch Grove entrance gates

In 2011, Hay and his wife Fitri purchased Birch Grove, the former home of Harold Macmillan in West Sussex.

The estate also includes a private golf course.[12]

References
  1. "Jim Hay Bio". University of Strathclyde. Archived from the original on 6 October 2014. Retrieved 5 September 2014.
  2. Times, The Sunday (12 May 2019). "Rich List 2019: profiles 351-399=, featuring the Queen, Elton John and David Beckham". ISSN 0140-0460. Retrieved 7 November 2019.
  3. "Jim Hay Wins Award at 2013 Event". University of Strathclyde.
  4. "Strathclyde People Spring 2009" (PDF). Strath.ac.uk. Archived from the original (PDF) on 24 September 2015. Retrieved 5 September 2014.
  5. Armytage, Marcus (16 August 2006). "Owner plans to make hay at Uplands" (Press release). London: The Telegraph. Retrieved 5 September 2014.
  6. "JMH Group Company Overview". Bloomberg Business Week. Retrieved 5 September 2014.
  7. "Fosroc Company Overview". The Construction Index.
  8. Armytage, Marcus (3 August 2005). "Uplands to Change Hands" (Press release). London: The Telegraph. Retrieved 5 September 2014.
  9. Hogg, Alec (5 April 2008). "Foreigners scoop SA bloodstock cream" (Press release). MoneyWeb. Retrieved 5 September 2014.
  10. "Tom Tate Parts Company with Jim & Fitri Hay". Racing Post.
  11. "NTRA Bio on Jim Hay". Racing Post.
  12. Eden, Richard (6 November 2011). "Carole Middleton's racehorse-owning friend Dr Jim Hay buys Harold Macmillan's former home" (Press release). The Telegraph. Retrieved 5 September 2014.
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