Peter Cruddas Net Worth, Relationships, Age/Birthdate & Birthday Facts

Peter Cruddas Net Worth, Relationships, Age/Birthdate & Birthday

Peter Cruddas is a British banker and entrepreneur best known for founding the online trading platform CMC Markets and becoming one of the wealthiest figures in the City of London.

Introduction

Peter Andrew Cruddas (born September 30, 1953) launched himself from a working-class estate in Hackney to the helm of one of the UK’s most prolific online trading firms. With an estimated net worth in the hundreds of millions (and past valuations placing him at over the $1 billion mark) , Cruddas has become a prominent figure in both finance and politics. His birthday—September 30—is celebrated quietly by those close to him, while his personal life and relationships, including his marriage to Fiona Cruddas, have held interest among observers of the City.

Quick Facts

From East End Roots to Trading Titan

Born in Hackney in east London, Peter Cruddas’s early life was far removed from the trading floors he would later dominate. His father worked at Smithfield Market and his mother cleaned offices. The family lived in a council estate in Hackney.  He left Shoreditch Comprehensive School at age 15 with no formal qualifications, entering the workforce as a telex operator at Western Union. 

His entry into foreign exchange trading was gradual: by his mid-30s he had worked for banks dealing in FX and commodities, and in 1989 he set up his own business with roughly £10,000 in capital.  From there, he introduced one of the first online FX trading platforms in 1996, betting on the internet to open financial markets.

Defining moments in Peter Cruddas’s journey include:

• Leaving school at 15 and working as a telex operator, then entering FX trading.

• Founding the online trading firm CMC Markets in 1989 with modest capital.

• Launching the firm’s online FX trading platform in 1996 and expanding globally.

• Being named the wealthiest person in “the City” of London in the 2007 Sunday Times Rich List.

The Core Pillars of His Wealth

The core pillars of Peter Cruddas’s wealth include:

• Equity in CMC Markets — As founder, Cruddas retained a substantial ownership stake, benefiting from the firm’s global expansion and public listing. 

• Dividend income and share sales — Over time, Cruddas has monetised holdings in CMC and related ventures, capitalising on the value created. 

• Investments and real-estate assets — His wealth is further supported by high-end property purchases and other diversified holdings. 

Relationships & Family Life

Although he keeps a relatively private personal life, available public records indicate that Peter Cruddas has been married twice and has four children (two from each marriage). His current spouse is listed as Fiona Cruddas. 

Key insights into Peter Cruddas’s relationships and personal life:

• Married to Fiona Cruddas; previously married, with children from both marriages. 

• Family is described as living primarily in London; a former period of residence in Monaco (2001–2009) is referenced.

• He is supportive of his children’s education and upbringing, emphasising they learn the value of money despite the family’s wealth. 

• The family’s property acquisitions have drawn public attention—most notably, a £42 million Mayfair mansion purchased in cash alongside his wife Fiona. 

Lifestyle, Assets & Interests

Beyond career success, Peter Cruddas leads a lifestyle that reflects both passion and purpose, including:

• Ownership of one of London’s most expensive residential properties—a seven-storey Victorian mansion in Mayfair near Park Lane, reportedly bought for £42 million in cash. 

• High-end car ownership including a silver Rolls-Royce Wraith Kryptos, which has served as a symbol of both wealth and rebellious style. 

• Membership in charitable causes: He founded the Peter Cruddas Foundation to support disadvantaged and disengaged youth. 

• A personal interest in golf and watches—he has described himself as still “working hard” rather than simply enjoying leisure from wealth. 

Net Worth Breakdown & Analysis

A net-worth figure for Peter Cruddas is inherently an estimate, given the private nature of many holdings and market fluctuations. Below is a breakdown of publicly referenced valuations:

It’s worth noting that articles from the media have cited figures of “over £1 billion” when referring to his net worth, reinforcing the scale of his accumulated wealth. 

Public Image, Legacy & Influence

Peter Cruddas is seen as a colorfully successful self-made entrepreneur—someone who rose from a modest East End background to become a commanding presence in London’s financial community. His founding of CMC Markets marked a shift within retail trading, helping democratise access to FX and CF-type products.

At the same time, his involvement in political fundraising and peerage nomination has placed him under scrutiny, reinforcing a complex legacy that blends business achievement with public controversy. 

His philanthropic efforts, though less publicised, add a dimension of legacy: his foundation’s work with disadvantaged youth reflects his early life and commitment to create opportunities beyond finance.

Conclusion

From his birth on September 30, 1953, Peter Andrew Cruddas has charted a remarkable path—from the council estates of Hackney to the upper echelons of London finance. His birthday remains a quiet internal celebration; publicly, the focus is on his founding of CMC Markets, his estimated billion-dollar-plus net worth, and his marriage to Fiona Cruddas. As a modern entrepreneur, his narrative reflects both aspiration and caution—for those who follow the markets, the story of Peter Cruddas serves as a vivid example of success built on early hardship, bold vision, and enduring drive.