Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Duncan Bannatyne is SKINT!

Options
2

Comments

  • al69
    al69 Posts: 65 Forumite
    Peter Jones ended up losing it all too in his twenties,he was sleeping on an office floor.Doesnt seem to be doing so bad now though.

    If you read up on most millionaires a lot have lost it all and then built it up again.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    al69 wrote: »
    Peter Jones ended up losing it all too in his twenties,he was sleeping on an office floor.Doesnt seem to be doing so bad now though.

    If you read up on most millionaires a lot have lost it all and then built it up again.

    A lot of new wealthy people started with nothing and gambled because they had nothing to lose.

    Like a lot of gamblers they simply don't know when to give up and bank the chips.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    al69 wrote: »
    Peter Jones ended up losing it all too in his twenties,he was sleeping on an office floor.Doesnt seem to be doing so bad now though.

    If you read up on most millionaires a lot have lost it all and then built it up again.

    too true, shows up their gumption. Prepared to take risks to make it big - sometimes it does not pay off....
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    So if he has debts of £122 million and a fortune of £85 million...

    I'm worth more than Duncan Bannatyne!!!
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • maggy50
    maggy50 Posts: 783 Forumite
    Ninth Anniversary 500 Posts Combo Breaker
    Not to worry all this furore will bolster his fortune once everyone buys his new book soon out in print .

    It must be near to a visit to the "One Show " sofa for further promotion of his survival story. :D
    Light travels faster than sound.

    This is why some people seem as bright until you hear them.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 14 May 2013 at 9:14PM
    Masomnia wrote: »
    So if he has debts of £122 million and a fortune of £85 million...

    I'm worth more than Duncan Bannatyne!!!

    Are you? I'm not sure because the article isn't clear, and because of the source you really can't rely on the integrity or even financial knowledge of the source.

    I would define wealth as assets less debts, also they refer to the £85m as last year's position. But from the lack of information it sounds to me like last year his 'net worth' was £85m, but it isn't clear what his net worth is now. I wouldn't read too much into what his debts are until it is clearly defined what exactly they mean by it.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    al69 wrote: »
    Peter Jones ended up losing it all too in his twenties,he was sleeping on an office floor.Doesnt seem to be doing so bad now though.

    If you read up on most millionaires a lot have lost it all and then built it up again.

    I really doubt that most millionaires have done so. Obviously 100% of celebrity millionaires who have "lost it all and built it up again" and cashed in by releasing ghost written autobiographies about how they lost it all and built up again did - that is probably about 0.01% of the population of millionaires though.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 15 May 2013 at 12:22PM
    I really doubt that most millionaires have done so. Obviously 100% of celebrity millionaires who have "lost it all and built it up again" and cashed in by releasing ghost written autobiographies about how they lost it all and built up again did - that is probably about 0.01% of the population of millionaires though.

    Yes it is hardly newsworthy to run a story 'Previously skint multi milionaire still skint * years later'
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Bannatyne has suckled at the teat of the BBC for years now. I have never once seen him invest in anything on Dragon's Den and I bet the reason for that is due to the parlous state of his finances.

    It's well known that Deborah Meaden and James Caan always get a round in but I bet he is always in the gents or at the back of the pub claiming he cant get a mobile signal when its his turn (with all the other Scots - ruggedtoast dons flame retardant clothing).
  • mcfisco
    mcfisco Posts: 1,957 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    A lot of new wealthy people started with nothing and gambled because they had nothing to lose.

    Like a lot of gamblers they simply don't know when to give up and bank the chips.

    'Banking the chips' would be pointless
    They do what they do because they get a great high out of making money. The accrued fortune is just a by-product or a performance indicator of their success, the money per se, means relatively little to them.

    Sitting on a beach with millions in the bank would certainly do it for me, but not them, they're wired different to most people.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.