Age: 57 yrs.
'Foolish' Idea: Making kitchen units.
How Idea was Launched:
Malcolm, launched Humber Kitchens in 1976, determined to raise the standards and quality of British fitted kitchens. He had previously worked in the family's DIY business (paint company) in Hull.
In 1981, he acquired the Hygena brand name. In 1987 he sold Humber kitchens to MFI, netting £200million.
Malcolm then went to America, and set up the Ohio-based, Mills Pride. The company is one of the biggest kitchen manufacturers in the U.S.
Malcolm, has also formed a new company in Britain, United Kitchens, with four other investors. The business sold kitchens via concessions in existing stores.
In 2009, he founded Wren Living, now known as Wren Kitchens, a kitchen manufacturing and retail company which as of the beginning of 2019 had 82 showrooms across the UK, with an annual turnover in 2018 of £490 million.
Earnings: In 1998, Malcolm paid £48 million for the Water Priory estate in the Yorkshire Wolds.
Net Worth: In 2014 GBP £1.3 billion (jointly with brother Eddie)