Steve Morgan is a British businessman, property developer, and philanthropist best known for founding Redrow plc, one of the UK’s leading housebuilding companies. He started the business in 1974 and transformed it into a major construction firm. Beyond business, Steve Morgan has invested in Bridgemere Group, developed Carden Park, owned Wolverhampton Wanderers Football Club, and established the Steve Morgan Foundation. His charitable work has supported healthcare, education, and community projects across the UK. This article explores Steve Morgan’s biography, age, education, business career, net worth, philanthropy, health, wife, children, awards, and lasting impact on the British construction industry and charitable sector.
Quick Bio
| Attribute | Details |
| Full Name | Steve Morgan CBE |
| Profession / Identity | Businessman, Property Developer, Entrepreneur, Philanthropist |
| Known For | Founder of Redrow plc and Founder of the Steve Morgan Foundation |
| Date of Birth | 25 November 1952 |
| Age | 73 years (as of 2026) |
| Birthplace | Liverpool, England |
| Nationality | British |
| Education | Construction Engineering |
| College | North West London Polytechnic |
| Company Founded | Redrow plc |
| Year Founded | 1974 |
| Investment Company | Bridgemere Group |
| Foundation | Steve Morgan Foundation |
| Foundation Established | 2001 |
| Major Business Interests | Housebuilding, Property, Aviation, Healthcare, Hospitality |
| Former Football Club Owner | Wolverhampton Wanderers F.C. (2007–2016) |
| Hospitality Development | Carden Park Hotel and Resort |
| Awards | OBE (1992), CBE (2016) |
| Estimated Net Worth | £915 million–£935 million |
| Current Residence | Cheshire, England |
| Second Residence | Antigua |
| Current Wife | Sally Toumi |
| Children | Ross, Lindsey, Mark Hill, Goldie, Red, and stepson Hugo |
| Known For Philanthropy | More than £300 million donated through the Steve Morgan Foundation |
| Notable Achievement | Built Redrow into one of Britain’s leading housebuilders and supported major charitable initiatives across Merseyside, Cheshire, and North Wales. |
Who Is Steve Morgan?
Steve Morgan is a British businessman, property developer, and philanthropist. He is best known as the founder of Redrow plc, one of the UK’s leading housebuilding companies. He established the business in 1974 at the age of 21 with financial support from his father. Over the years, Steve Morgan expanded his interests into property investment, hospitality, and sport through the Bridgemere Group. He is also recognised for his charitable work through the Steve Morgan Foundation. His achievements in business and philanthropy earned him an OBE in 1992 and a CBE in 2016. Today, Steve Morgan is respected for his leadership, business success, and lasting contribution to communities across the United Kingdom.
Early Life and Family Background
Steve Morgan was born on 25 November 1952 in Liverpool, England. He grew up in a working-class family and experienced financial hardship during his childhood. His early life shaped his determination to succeed in business. He has often spoken about the challenges his family faced while moving between different homes and schools. These experiences encouraged him to work hard and build a successful career. The following sections explore his childhood, family background, and early interest in construction.
Childhood in Liverpool
Steve Morgan spent his childhood in Liverpool, where his family faced difficult financial conditions. He has described his early years as unstable because his family moved homes and schools several times. These challenges helped him develop resilience and a strong work ethic. Growing up in Liverpool also gave him a deep connection to the local community, which later influenced his charitable work across Merseyside and the surrounding regions.
Growing Up in a Working-Class Family
Steve Morgan was raised in a modest household where money was limited. His parents worked hard to support the family despite financial pressures. These early experiences taught him the value of discipline, responsibility, and perseverance. Rather than limiting his ambitions, his upbringing motivated him to build a successful business career. He has often credited his family background for shaping his practical approach to leadership and decision-making.
Early Interest in Construction
Steve Morgan developed an interest in construction and property from a young age. He was attracted to the idea of creating buildings and growing businesses through hard work and planning. This passion led him to study construction engineering and later establish Redrow plc. His early interest became the foundation of a career that transformed him into one of Britain’s most successful property developers and entrepreneurs.
Education and Construction Training
Steve Morgan built his business career on a strong technical education. He studied construction engineering before entering the housebuilding industry. His academic training gave him practical knowledge of construction, project management, and engineering principles. These skills later helped him establish Redrow plc and grow it into one of Britain’s leading housebuilders. The following sections explain his education at North West London Polytechnic and how it prepared him for business success.
North West London Polytechnic
Steve Morgan attended North West London Polytechnic, where he gained knowledge that supported his future career in construction. The institution provided practical and technical training that matched the needs of the building industry. During his studies, he developed an understanding of planning, design, and construction methods. This educational foundation helped him enter the property sector with confidence and practical expertise.
Construction Engineering Studies
Steve Morgan studied Construction Engineering, a subject that combines engineering principles with building and project management. The course strengthened his technical skills and improved his understanding of construction processes. His education prepared him to manage large developments and lead business projects efficiently. The knowledge gained during his studies became an important part of his success when he founded Redrow plc in 1974 and expanded it into a nationally recognised housebuilding company.
Steve Morgan’s Business Career
Steve Morgan is best known for building one of Britain’s most successful housebuilding businesses. He founded Redrow plc at a young age and transformed it into a leading national developer. His leadership, long-term planning, and business strategy helped the company achieve steady growth. After stepping away from Redrow, he returned during the financial crisis to guide its recovery. The following sections explain how Steve Morgan founded Redrow, expanded the business, and led its successful turnaround.
Founding Redrow plc
Steve Morgan founded Redrow plc in 1974 when he was just 21 years old. He started the business with a small loan from his father and focused on civil engineering and housebuilding. Through careful planning and strong leadership, he steadily expanded the company. His vision helped Redrow grow from a small construction business into one of the UK’s most recognised residential developers.
Growing One of Britain’s Largest Housebuilders
Under Steve Morgan’s leadership, Redrow became one of Britain’s leading housebuilding companies. The business expanded across England and Wales by delivering high-quality residential developments. Redrow later joined the FTSE 250 Index, reflecting its strong financial performance and market value. Steve Morgan focused on quality homes, sustainable growth, and long-term investment, helping establish the company’s reputation within the UK construction industry.
Return to Redrow During the Financial Crisis
Steve Morgan stepped down as Chairman of Redrow in 2000. However, he returned to the company in March 2009 after the global financial crisis affected the business. His leadership helped restore financial stability and improve company performance. Under his guidance, Redrow returned to profitability and continued expanding its developments. Steve Morgan retired from the company in March 2019 after Redrow completed its 100,000th home, marking an important milestone in its history.
Bridgemere Group and Investment Portfolio
Steve Morgan expanded his business interests beyond housebuilding through the Bridgemere Group. As Chairman, he oversees investments across several industries, including property, aviation, healthcare, and hospitality. This diversified approach has strengthened his business portfolio and reduced reliance on a single sector. The following sections explain his leadership at Bridgemere and the company’s broad investment strategy.
Chairman of Bridgemere
Steve Morgan serves as the Chairman of Bridgemere Group, a private investment company that manages a wide range of businesses. Under his leadership, the group has invested in long-term projects with strong growth potential. His experience in construction and property development has guided the company’s investment decisions. Bridgemere reflects his focus on sustainable business growth and strategic planning across different industries.
Property, Aviation and Healthcare Investments
Bridgemere Group invests in property development, aviation services, healthcare businesses, and luxury hospitality. These investments allow Steve Morgan to support industries with long-term economic value. The group’s diverse portfolio reduces business risk while creating new opportunities for growth. Through Bridgemere, Steve Morgan has continued to expand his influence beyond housebuilding, demonstrating his ability to build successful businesses across multiple sectors.
Carden Park Development
Steve Morgan expanded his business interests by developing Carden Park into a leading luxury destination. The estate combines hospitality, leisure, and tourism within a large countryside setting in Cheshire. His investment transformed the property into a well-known resort with premium facilities. Today, Carden Park is recognised for its hotel, championship golf courses, luxury spa, and vineyard. The following sections explain how Steve Morgan developed the estate and its main attractions.
Creating the Luxury Estate
Steve Morgan began developing Carden Park during the 1990s as part of his long-term investment strategy. His goal was to create a high-quality destination that combined accommodation, leisure, and natural surroundings. Over the years, the estate expanded through careful planning and continuous investment. Today, Carden Park is one of the UK’s best-known luxury countryside resorts, attracting both business and leisure visitors.
Golf Resort, Spa and Vineyard
Carden Park offers two championship golf courses, an award-winning luxury spa, and a large private vineyard. The estate covers around 1,000 acres in Cheshire and provides modern facilities alongside beautiful countryside views. Its vineyard produces thousands of bottles of sparkling wine each year. These features have helped establish Carden Park as a leading hospitality destination and an important part of Steve Morgan’s diversified business portfolio.
Ownership of Wolverhampton Wanderers
Steve Morgan became the owner of Wolverhampton Wanderers Football Club in 2007. He purchased the club for a nominal fee after agreeing to invest significant funds into its future. His ownership focused on improving the team’s financial stability, strengthening the squad, and upgrading club facilities. During his time at Wolves, the club achieved important progress both on and off the pitch. The following sections explain why Steve Morgan bought the club, the investments he made, and the eventual sale to Fosun International.
Buying Wolves
Steve Morgan acquired Wolverhampton Wanderers F.C. in 2007 after reaching an agreement with the club’s previous owners. Rather than paying a large purchase price, he committed to investing millions of pounds into the club’s long-term development. His aim was to improve financial stability and build a stronger future for Wolves. His business experience provided the club with stable leadership during an important period.
Investment in the Football Club
During his ownership, Steve Morgan invested heavily in the playing squad, stadium improvements, and club infrastructure. These investments helped Wolverhampton Wanderers strengthen their position in English football. He focused on creating sustainable growth instead of seeking short-term success. His commitment improved facilities for players and supporters while helping the club remain financially stable.
Sale to Fosun International
Steve Morgan sold Wolverhampton Wanderers to Fosun International in 2016. The sale marked the end of his nine-year ownership of the club. By the time he stepped down, Wolves had benefited from significant investment and stronger financial foundations. The new owners continued the club’s development, building on the progress achieved during Steve Morgan’s period of leadership.
Steve Morgan Foundation
Steve Morgan established the Steve Morgan Foundation to improve the lives of vulnerable people and support local communities. Since its launch in 2001, the foundation has funded healthcare, education, disability services, and community programmes across Merseyside, Cheshire, and North Wales. It has become one of the UK’s leading charitable organisations through large donations and long-term partnerships. The following sections explain why the foundation was created, its major charitable work, and its partnership with the Liverpool FC Foundation.
Why the Foundation Was Created
Steve Morgan founded the Steve Morgan Foundation in 2001 to give back to communities that had supported his business success. The charity focuses on helping vulnerable, disabled, and socially disadvantaged people. It provides grants to local organisations and funds projects that improve health, education, and community wellbeing. The foundation reflects Steve Morgan’s long-term commitment to creating positive social change through charitable giving.
Major Donations and Community Support
The Steve Morgan Foundation has donated more than £300 million to charitable causes. In 2017, Steve Morgan made one of the UK’s largest charitable gifts by donating £200 million worth of Redrow shares to the foundation. The charity has supported cancer centres, accessible transport, schools, community organisations, and disability services. Its funding has helped thousands of people across Merseyside, Cheshire, and North Wales.
Liverpool FC Foundation Partnership
In 2026, the Steve Morgan Foundation launched a £6 million five-year partnership with the Liverpool FC Foundation. The programme focuses on reducing poverty, improving youth employment, and creating better opportunities for local communities. The partnership supports education, skills development, and social inclusion across the Liverpool City Region. This initiative highlights Steve Morgan’s continued commitment to investing in projects that deliver long-term benefits for future generations.
Awards and Honours
Steve Morgan has received national recognition for his achievements in business and philanthropy. His leadership in the construction industry and commitment to charitable work have earned him respected honours from the British Crown. These awards recognise both his commercial success and his lasting contribution to communities across the United Kingdom. The following sections explain his OBE and CBE honours and why they were awarded.
OBE Recognition
Steve Morgan was appointed an Officer of the Order of the British Empire (OBE) in 1992. The honour recognised his outstanding services to the construction industry. By that time, he had already built Redrow into a successful housebuilding company. The award reflected his contribution to business growth, employment, and the UK’s residential property sector.
Commander of the Order of the British Empire (CBE)
In 2016, Steve Morgan received the title of Commander of the Order of the British Empire (CBE) at Buckingham Palace. This honour recognised his exceptional charitable work through the Steve Morgan Foundation. His long-term support for healthcare, education, disability services, and community projects has improved thousands of lives. The CBE highlights his commitment to using business success to create lasting social impact across the United Kingdom.
Steve Morgan Net Worth
Steve Morgan has an estimated net worth of £915 million to £935 million, according to published wealth rankings. His fortune has been built through decades of business success rather than a single investment. Redrow plc remains the main source of his wealth, while additional assets come from property investments and the Bridgemere Group. Although estimates vary, Steve Morgan is widely recognised as one of Britain’s wealthiest property developers.
His wealth comes from several business activities. Redrow plc generated significant value through residential developments across the UK. He also expanded his investment portfolio through the Bridgemere Group, which operates in property, aviation, healthcare, and hospitality. In addition, developments such as Carden Park have strengthened his long-term financial position. Despite his substantial wealth, Steve Morgan is equally recognised for donating more than £300 million through the Steve Morgan Foundation, making philanthropy a defining part of his legacy.
Health and Type 1 Diabetes Support
Steve Morgan is in good health and continues to play an active role in business and philanthropy. Although he has no publicly reported long-term medical condition, healthcare remains one of his main charitable priorities. His support for medical research was inspired by a personal family experience. The following sections explain his interest in health initiatives and his commitment to Type 1 diabetes research.
Personal Health
Steve Morgan remains actively involved in his business interests and charitable organisations. He continues to serve as Chairman of Bridgemere Group and supports the work of the Steve Morgan Foundation. Public information does not indicate that he has any major chronic health condition. Instead, he focuses on improving healthcare services through long-term charitable investment and community support.
Support for Type 1 Diabetes Research
Steve Morgan became a strong supporter of Type 1 diabetes research after his son was diagnosed with the condition. This personal experience encouraged him to fund projects that improve treatment, research, and family support. Through charitable partnerships, he has helped back a £50 million research initiative with Breakthrough T1D, formerly known as JDRF. He has also supported mental health resources and educational programmes for children and families living with Type 1 diabetes.
Wife, Children and Personal Life
Steve Morgan has balanced a successful business career with a private family life. Although he is widely known as the founder of Redrow plc, he has generally kept his personal life away from public attention. He has been married three times and has a large family. Today, he lives mainly in Cheshire while also owning a home in Antigua. The following sections outline his marriages, children, and personal lifestyle.
Marriages
Steve Morgan has been married three times. His first marriage was to Pamela, and they divorced in 2000 after having two children together. He later married Fiona Boustead in 2002, and they divorced in 2013. The couple had two children during their marriage. In 2016, Steve Morgan married businesswoman Sally Toumi, who regularly joins him at charitable events and official engagements.
Children
Steve Morgan is the father of five children from different relationships. His children include Ross, Lindsey, Mark Hill, Goldie, and Red. Through his marriage to Sally Toumi, he also became stepfather to her son, Hugo. While Steve Morgan occasionally speaks about family matters, he generally keeps his children’s lives private and away from media attention.
Life in Cheshire and Antigua
Steve Morgan divides his time between his main home in Cheshire and a private residence in Antigua. His Cheshire home places him close to his business interests, charitable projects, and Carden Park. Despite his business success, he prefers a relatively private lifestyle. He continues to focus on philanthropy, investment activities, and supporting community projects through the Steve Morgan Foundation.
Steve Morgan’s Legacy
Steve Morgan has made a lasting impact on the British construction industry and charitable sector. His success extends beyond building homes to creating businesses, supporting communities, and improving lives through philanthropy. His leadership at Redrow, investment through Bridgemere Group, and charitable work have shaped his public reputation. The following sections explain his influence on housebuilding, business leadership, and long-term charitable contributions.
Impact on British Housebuilding
Steve Morgan transformed Redrow plc into one of Britain’s leading housebuilding companies. Under his leadership, the business delivered thousands of quality homes across the United Kingdom. His focus on design, construction standards, and sustainable growth helped strengthen the company’s reputation. His leadership also influenced modern residential development and inspired future generations of property developers.
Business Leadership
Steve Morgan is recognised as a respected business leader with decades of experience in construction and investment. His ability to grow Redrow, expand Bridgemere Group, and successfully manage diverse businesses demonstrates strong leadership and strategic planning. He also showed resilience by returning to Redrow during the global financial crisis and guiding the company back to profitability.
Long-Term Charitable Contributions
Steve Morgan’s charitable work has become one of the defining parts of his legacy. Through the Steve Morgan Foundation, he has donated more than £300 million to support healthcare, education, disability services, and community organisations. His funding has helped thousands of people across Merseyside, Cheshire, and North Wales. By combining business success with social responsibility, Steve Morgan has created a legacy that continues to benefit communities throughout the United Kingdom.
Frequently Asked Questions About Steve Morgan
How old is Steve Morgan?
Steve Morgan was born on 25 November 1952 in Liverpool, England. As of 2026, he is 73 years old. He has spent more than five decades building businesses and supporting charitable causes across the United Kingdom.
What is Steve Morgan’s net worth?
Steve Morgan’s estimated net worth is between £915 million and £935 million. His wealth comes mainly from Redrow plc, property investments, and the Bridgemere Group. He is considered one of Britain’s wealthiest property developers.
Who is Steve Morgan’s wife?
Steve Morgan is married to Sally Toumi, a businesswoman. The couple married in 2016 and regularly attend charity events and public engagements together. Before Sally Toumi, Steve Morgan had two previous marriages.
How did Steve Morgan make his money?
Steve Morgan built his fortune by founding Redrow plc in 1974. The company grew into one of the UK’s largest housebuilders. He also expanded his wealth through the Bridgemere Group, property investments, hospitality businesses, and other commercial ventures.
When did Steve Morgan found Redrow?
Steve Morgan founded Redrow plc in 1974 at the age of 21. He started the business with a small loan from his father. The company later became one of Britain’s leading residential property developers.
What is the Steve Morgan Foundation?
The Steve Morgan Foundation is a charitable organisation established in 2001. It supports healthcare, education, disability services, and community projects across Merseyside, Cheshire, and North Wales. The foundation has distributed hundreds of millions of pounds to charitable causes.
Why did Steve Morgan buy Wolverhampton Wanderers?
Steve Morgan purchased Wolverhampton Wanderers F.C. in 2007 to improve the club’s financial position and support its long-term future. During his ownership, he invested in the team, stadium, and club facilities to encourage sustainable growth.
When did Steve Morgan sell Wolverhampton Wanderers?
Steve Morgan sold Wolverhampton Wanderers to Fosun International in 2016. His ownership lasted around nine years, during which the club benefited from significant investment and improved financial stability.
What awards has Steve Morgan received?
Steve Morgan received an OBE in 1992 for services to the construction industry. In 2016, he was awarded a CBE for his outstanding charitable work through the Steve Morgan Foundation and his contribution to society.
Where does Steve Morgan live?
Steve Morgan lives mainly in Cheshire, England. He also owns a private home in Antigua. His Cheshire residence keeps him close to his business interests, charitable activities, and the Carden Park estate.
Conclusion
Steve Morgan has established himself as one of Britain’s most successful businessmen, property developers, and philanthropists. From founding Redrow plc at the age of 21 to building a diversified investment portfolio through Bridgemere Group, his career reflects long-term vision and strong leadership. His ownership of Wolverhampton Wanderers, development of Carden Park, and support for healthcare and education have further strengthened his reputation.
Through the Steve Morgan Foundation, he has donated more than £300 million to improve communities across the United Kingdom. His achievements in business and philanthropy continue to leave a lasting legacy, making Steve Morgan a respected figure in British industry and charitable work.
