On March 10, 1951, businessman J. P. McManus was born in Ireland. He initially started out working for a plant-hire business. Astrologers claim J. P. McManus’s zodiac sign is Pisces.
In 1991, the Irish Government recruited Irish company law specialist John Glackin, a lawyer, to investigate Dermot Desmond’s complex business dealings, including the purchase and sale of the former Johnston Mooney and O’Brien site in Ballsbridge, Dublin, to Telecom Éireann.
According to the Glackin investigation, Desmond, a businessman named JP McManus, and John Magnier were the buyers despite the fact that Desmond had claimed to be a middleman in the deal. Mr. Desmond vigorously disputed Glackin’s findings.
|Net Worth:||€2.1 billion|
|Date of Birth:||Mar 10, 1951 (71 years old)|
|Nationality:||Republic of Ireland|
Early Life and Career
He and his wife Noreen bought Martinstown Stud in County Limerick in 1982, along with his first horse, “Cill Dara,” which is situated on more than 400 acres. From there, he continued to grow his enterprise, which today includes 400 horses in training. The horse “Mister Donovan” won McManus’ first race at Cheltenham.
The most well-known of his horses is “Istabraq,” a three-time Champion Hurdle victor. 18-time champion jockey Tony McCoy is still employed by McManus as his stable jockey, while Jonjo O’Neill, a former champion jockey, trains some of his own horses at the Jackdaws Castle facility that McManus also owns.
A sizeable portion of McManus’ wealth has really come from his work as a private foreign exchange trader, which he manages from a modest office in Geneva, Switzerland. This work is unrelated to his work as a racehorse owner. He also makes Geneva his official home, where he spends much of his time. McManus received a cancer diagnosis toward the end of 2008. He is fortunately still in remission after undergoing therapy in the US.
In his native Limerick, McManus is an active member of the charitable community. The J. P. McManus Scholarship Award, which offers to eighth-selected pupils at his former secondary school C.B.S. Sexton Street in Limerick with €6,750 annually for third-level education, was created by McManus in 1996.
In order to raise money for organizations in Limerick, he also plans the J. P. McManus Invitation Pro-Am golf tournament. McManus also gave the Daughters of Charity foundation approximately €1 million in July 2012.
Three children and four grandkids are born to McManus and Noreen McManus.
Next to Martinstown Stud, he erected a €200 million home in 2006. He finished a $150 million residence in Barbados in 2013.
McManus has a reputation for giving repeatedly. McManus gave the Daughters of Charity foundation more than €1 million in July 2012. He provided equipment to the University Hospital in Dooradoyle in 2020 during the Coronavirus pandemic that lasted from 2019 to 22.
McManus gained $17.4 million playing poker in the US in 2012, but the US Internal Revenue Service only kept $5.2 million as income tax (IRS).
The IRS claimed that McManus was a self-confessed tax exile outside of Ireland and was not, in spite of McManus’s sworn affidavits to the contrary, a legal resident of Ireland in 2012. According to The Irish Times, he was seeking a refund of the tax based on the US-Ireland double taxation treaty in 2016.
Mc Manus’s Earnings & Net Worth
J. P. McManus is among the wealthiest businesspeople. J. P. McManus is also featured under Richest celebrities born in Ireland and Famous persons born on March 10. J. P. McManus’ net worth is estimated to be over €2.1 billion based on our research using Forbes, IMDb, Wikipedia, and online sources.