Years active 1986–present | Name Richard Elman | |
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Full Name Richard Samuel Elman Known for Founding the Noble Group Net worth US $2 billion (August 2014) | ||
Richard Samuel Elman (born 1940) is a British businessman, the founder and Chairman of Singapore-listed, Hong Kong-based, Noble Group Limited. He also serves as a Member of Board of Directors of Clearbridge Accelerator.
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Early life
Born to a barrister father and a mother who made women's clothes, Elman moved to Asia from the UK in the 1960s. At the age of 15, he started work as a labourer in a scrap metal yard sorting out non-ferrous scrap metal. He worked as Regional Director of Asia operations for Phibro for ten years.
Career
In the early 1970s, he founded his first company, Metal Ore Asia, in Hong Kong. He sold it to Phibro in 1972.
In 1986, with $100,000 of his own money, he started the Noble Group. In 1997, the company was listed on the Singapore Exchange. In June 2016, he announced he would step down from his chairman position. This followed months during which Noble had been criticised for its accounting practices.