David Sainsbury, Baron Sainsbury of Turville
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David John Sainsbury, Baron Sainsbury of Turville (born 24 October, 1940) is a British businessman, politician and life peer for the Labour Party. He is the son of Sir Robert Sainsbury and the nephew of Alan John Sainsbury, Lord Sainsbury of Drury Lane. His cousin is the Conservative peer Lord Sainsbury of Preston Candover.
He is estimated to have a personal fortune of billions of pounds, due to his shareholding of his family's Sainsbury supermarket chain (estimated at 13%). He was Chairman of the group from 1992 to 1998 and was Finance Director for the 17 years before that.
He was a supporter of the Social Democratic Party, and bankrolled it, but moved to the Labour Party following the failure of the SDP to make much progress. He has donated millions of pounds to the Labour Party, and was associated with the Institute of Public Policy Research.
He was made a life peer in 1997, following Labour's election victory, and is now Parliamentary Under-Secretary of State for Science in the House of Lords.
See also
External links
- Forbes.com: Forbes World's Richest People (http://www.forbes.com/finance/lists/10/2004/LIR.jhtml?passListId=10&passYear=2004&passListType=Person&uniqueId=9CUI&datatype=Person)
- David Sainsbury of Turville and Software Patents (http://kwiki.ffii.org/DavidSainsburyEn)