Arron Banks Biography
Arron Banks is a British businessman and political donor who co-founded (with Richard Tice) the Leave.EU campaign. Banks was previously a major donor to the UK Independence Party (UKIP) and supported Nigel Farage’s campaign to leave the EU.
How old is Arron Banks? – Age
He is 57 years old as of 22 March 2023. He was born in 1966 in Cheshire, United Kingdom. His real name is Arron Fraser Andrew Banks.
Arron Banks Family – Education
Banks was born in Cheshire, England, and reared by his mother in Basingstoke, Hampshire; his father was a sugar plantation manager in several African countries. From the age of 13, he attended Crookham Court, a boarding school in Berkshire, until being expelled for “an accumulation of offences,” including the selling of lead stolen from school roofs and “high-spirited bad behavior.” He next went to St. Bartholomew’s School in Newbury, but was dismissed again. He returned to Basingstoke and sold paintings, vacuum cleaners, and eventually houses.
Arron Banks Wife – Children
Banks married his first wife, Caroline, when he was 21, and they have two daughters together. The marriage lasted 10 years. Banks married Russian Ekaterina Paderina in 2001, and together they had two sons and a daughter. Paderina previously overstayed her visa and married merchant seaman Eric Butler. Officials investigated the three-month marriage because they suspected it was a hoax. Mike Hancock, then a Liberal Democrat MP, is said to have helped her stay in the UK. Paderina was suspected [by whom?] of being a spy.
Arron Banks Net Worth
He has an estimated net worth of between £100m to £250m. In January 2015, his wealth was estimated to be £100 million. In November 2017, an estimate of £250 million was made.
Arron Banks House
In 2014, Banks reportedly lived in the village of Tockington near Bristol in a property with a “huge” Union flag flying over the front yard, and he also had a house overlooking a game reserve near Pretoria, South Africa.
Arron Banks Brexit
According to Banks, Britain’s EU membership “is like having a first class ticket on the Titanic”. He also stated that “economically, remaining in the EU is unsustainable.” Banks stated in May 2016 that his plan throughout the Brexit campaign was to “bore the electorate into submission” in the belief that a low turnout would favor Brexit.
Banks threatened to sue the official Vote Leave campaign for serving as the official spokesperson for the “Leave” vote in the 2016 EU referendum, potentially delaying the vote by two months. However, Banks has subsequently rejected this, stating that he will not seek a court review any further. Following the murder of Jo Cox, Arron Banks commissioned a poll to see whether her death had influenced public opinion on voting.
There were concerns about the source of cash he used to support Brexit, and in November 2018 this was referred for criminal investigation. Banks denied any wrongdoing and said he welcomed the police probe to put a stop to the accusations.
A Channel 4 inquiry appeared to lead to the conclusion that Banks should leave.EU organizations fabricated migrant film and images depicting “migrants” abusing women. The photographs were never utilized, but the fabricated video went viral. Banks accused Channel 4 News journalists of producing “fake news” themselves.
Arron Banks Career
Banks was extended to a lesser employment opportunity at the protection market of Lloyd’s of London. As indicated by The Gatekeeper, by the age of 27, he was running a division of Norwich Association. The article likewise guarantees that he endured a year working for Berkshire Hathaway, the speculation organization of Warren Buffett. Notwithstanding, in another examination, both Norwich Association and Warren Buffett reject Banks’ case that he worked for them. Then, at that point, from an office over a bread shop in Thornbury, Gloucestershire, Banks began a bike protection specialist, Cruiser Direct, and inside a couple of years the organization was sufficiently large to sell for “two or three million”. He utilized the cash to establish Business Vehicle Direct about which he says “inside an extremely brief period we were the biggest van insurance agency in the country”.
More than seven years, alongside Australian colleague John Gannon, Banks extended the van protection business to become Gathering Direct Restricted, and in 2008 the organization drifted through an opposite takeover as Brightside Gathering. He was its Chief from June 2011 to June 2012, when the organization was recorded on the Elective Speculation Market (Point). After Banks was excused from the organization in 2012, he sold £6m worth of the offers in 2013, and got altogether more when the venture company AnaCap Monetary Accomplices purchased Brightside the next year.
Banks was the CEO (President) of Southern Stone Insurance Agency in 2014, which endorses insurance contracts for the site GoSkippy.com, established by Banks. After Banks’ flight, Brightside made a lawful move against him, claiming he involved secret data in setting up GoSkippy.com a half year after the fact. There were likewise lawful activities between Southern Stone and Brightside.
He was beforehand President of Point recorded Manx Monetary Gathering from April 2008 to February 2009. The Watchman revealed in 2014 that Organizations House records seemed to show that Banks had set up 37 distinct organizations utilizing slight varieties of his name. The names utilized by Banks were Aron Fraser Andrew Banks, Arron Andrew Fraser Banks, Arron Fraser Andrew Banks and Arron Banks. The profiles for the initial three names generally utilized a similar date of birth yet enrolled various arrangements of organizations. At the point when gotten some information about this in 2014, he declined to address inquiries on the subject.
Banks likewise claims Eldon Protection, whose President Elizabeth Bilney was additionally in control at Leave.EU. The organization’s benefits jumped to £16.7m for the main portion of 2017 subsequent to recording a £284,000 benefit in 2015 and a deficiency of £22,500 in 2016 notwithstanding a 40% expansion in income. Banks said that Eldon’s business had been changed by a similar simulated intelligence innovation utilized in the Brexit lobby. The seaward holding organization that controls Eldon Protection is ICS Hazard Arrangements, which supports a large number of Banks’ exercises and has paid over £77m somewhere in the range of 2015 and 2018 to set up Southern Stone after Gibraltarian controllers viewed the business as exchanging while in fact wiped out. As a feature of a concurrence with the controllers Banks surrendered his directorships at Eldon in 2013 and Southern Stone in 2014, likewise tolerating a “time of restriction or self-rejection from other protection directorships”. He likewise purchased Old Down Estate from performer Mike Oldfield, changing over it into a wedding scene.
In 2016, the spilled Panama Papers showed Banks alongside Elizabeth Bilney were investors of English Virgin Islands organization PRI Possessions Restricted, which was the sole investor of African Key Assets Restricted. Nonetheless, a representative for Banks has denied any connects to the legal counselor named and rejects that Banks was engaged with the Papers. Banks has expressed that he has a controlling revenue in a jewel mine in Kimberley, South Africa, and a permit to mine in Lesotho. In July 2018, Banks rejected that cash paid to an administration serve in Lesotho was a pay off; it had been paid to ensure precious stone mining freedoms in Lesotho. In 2013, Banks paid £65,000 into the confidential financial balance of Thesele Maseribane, then, at that point, the Basotho serve for ladies’ uniformity. Banks thusly took care of the £350,000 expenses of a political mission for Maseribane, in 2014, following a tactical overthrow in Lesotho.
Following strengthened media examination after his underlying gift to UKIP, it arose that Banks was engaged with mining in southern Africa and had associations with Belize. Banks likewise has associations with organizations situated in Gibraltar and the Isle of Man, and close associations with relatives of the Belizean State leader. Notwithstanding, following comments made by The Main part of It maker Armando Iannucci on BBC One’s Inquiry Time program, Banks denied claiming an organization in Belize or trying to keep away from UK charge “through any gadget”. Depicting the remarks as “obviously slanderous”, he undermined lawful activity towards Iannucci in the event that he didn’t get a conciliatory sentiment soon.
One of the UK organizations of which Banks is chief, Rock Administrations Ltd, the name of which alludes to The Stone of Gibraltar, had a turnover of £19.7m in 2013 and paid partnership duty of just £12,000. The organization deducted £19.6m in “regulatory costs”, and the fundamental movement gives off an impression of being “re-energize of labor and products” with Southern Stone Insurance Agency. Southern Stone Insurance states on its site that it endorses contracts for the clients of GoSkippy.com, which is controlled by Banks.
Rock Administrations and Southern Stone Protection’s definitive holding organization is Rock Property Ltd, an organization in view of the Isle of Man. Banks has likewise been a “significant” investor in STM Fidecs, of which Leave.EU is an auxiliary; the organization professes to work in “global abundance security”, boosting charge efficiencies for business visionaries and exiles and of “organizing worldwide gatherings, especially isolating and migrating protected innovation and depository capabilities to low-or no-charge purviews”.