John Caudwell Quote

My second business would have succeeded but for competitors' jealousy. I was selling motorbike gear cheap, but the people I was undercutting complained to the manufacturer and cut off my supply. It showed me how corrupt business can be. When I sold phones, the same thing happened, but this time I was ready.

John Caudwell

My second business would have succeeded but for competitors' jealousy. I was selling motorbike gear cheap, but the people I was undercutting complained to the manufacturer and cut off my supply. It showed me how corrupt business can be. When I sold phones, the same thing happened, but this time I was ready.

Tags: business, time, me

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About John Caudwell

John David Caudwell (born 7 October 1952) is an English billionaire businessman who founded the now defunct mobile phone retailer Phones 4u. He also invests in fashion, property and other industries, and chairs Caudwell Children, a children's charity, and Caudwell LymeCo, promoting chronic Lyme disease beliefs in the UK.
According to the Sunday Times Rich List in 2022, Caudwell is worth £1.58 billion. On the Forbes 2022 list of the world's billionaires, he was ranked #984 with a net worth of US$2.8 billion.