British billionaire with Trini mom

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We may never have heard of him, but there is a billionaire in Britain with Trinidad and Tobago ties.

He is entrepreneur Waheed Alli, described by the Daily Mail newspaper as “one of the few openly gay Muslims in British public life.”

The 51-year-old businessman joined the Lords as a Labour life peer in 1998 and is referred to as Lord Alli.

The newspaper put Lord Alli’s fortunate at an estimated 201 million pounds sterling – making him a billionaire in T&T currency.

He is son of a father from Guyana and mother from Trinidad.

He recently invested six million pounds sterling in Koovs, an Indian-based online shopping firm that he set up in 2012 to replicate the success of Asos, a British company in the same line of business.

According to the newspaper, Lord Alli now owns 36.7 million Koovs shares, worth around 10 million British pounds sterling.

A recent share purchase is was part of a move to expand Koovs, it was reported.
Alli, who was born in Croydon, is said to have met his partner Charlie Parsons, a TV producer, in the 1980s.

The duo set up a company called 24 Hour Productions, which later merged with Panet Pictures, owned by Bob Geldof, to form Planet 24.

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