Tom Morris (businessman)


Thomas Joseph Morris is a British billionaire businessman and the founder of retail chain Home Bargains.
According to the Sunday Times Rich List in May 2019, Morris and his family are worth £3.59 billion.

Early life

Thomas Joseph Morris was born in February 1954. He is the son of a shopkeeper in Liverpool's Scotland Road, and one of seven children. The Morris family have been involved in retailing for three generations.
He received a degree in engineering.

Career

Morris started the Liverpool-based discount retail chain Home Bargains in 1976, when he was 21 years old. The chain retails a diverse range of goods, including health and beauty products, groceries and toys. The stock is often bought at discount from brands trying to offload stock.
Morris reportedly founded the brand using a bank overdraft. It now has more than 400 stores, employing more than 17,000 staff. It still has its largest presence in the Merseyside region of the UK, and is the largest single employer in the area. Morris has said that he plans to expand the chain to more than 800 stores. Morris's interest in Home Bargain's is held by parent company TJ Morris.
Morris owns 89% while his younger brother, Joe Morris, is a smaller shareholder and operations director. Three other brothers also work for the company.
Morris was worth an estimated £2.05 billion in 2014, as per the Sunday Times Rich List. In April 2018, Forbes estimated his net worth at $3.1 billion.

Personal life

He is married and lives in Merseyside, England.
In 2001, the Liverpool Echo reported that his son worked for the company, and that his daughter Lisa and her American husband Brian run Morris Textiles, the linen warehouse.