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Theo Paphitis’ huge net worth and biggest Dragon’s Den deals

Theo Paphitis is one of the Weston Super-Mare panellists set to share his views on the week’s political issues and current affairs in tonight’s BBC Question Time.

The former Dragon’s Den investor will appear on tonight’s edition of BBC’s flagship political programme, which sees presenter Fiona Bruce and members of the live studio audience quiz the week’s guests on their thoughts and opinions.

The panel also features guests including Shadow Leader of the Commons Thangam Debbonaire, Liberal Democrat chief whip Wendy Chamberlain, immunologist Peter Openshaw and vaccines and public health minister Maggie Throup.

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But who is Theo Paphitis and what is his net worth? Here’s everything you need to know about the Dragon’s Den star.

Who is Theo Paphitis?

Theo Paphitis is a Greek-Cypriot British entrepreneur, retail magnate and TV personality best known for appearing on BBC’s Dragon’s Den.

The 62-year-old former Millwall FC chairman took his first steps into the world of retail and sales when he was 18, working as a sales assistant for Watches of Switzerland in Bond Street.

He then set up his first business, a property finance company, with his close friend and associate Mark Moran aged 23.

Theo owns the stationery chain Ryman, lingerie retailer Boux Avenue and hardware specialist Robert Dyas, and he acquired London Graphic Centre, a specialist arts and stationery retailer, in 2016.

He lives with his wife Debbie in Surrey. The pair have five children – two sons and three daughters, including twins.

Theo Paphitis appeared on Dragon’s Den between 2005 and 2013, and has since appeared as a stand-in investor

What is Theo Paphitis’ net worth and how did he make his fortune?

According to the Sunday Times Rich List 2020, Theo Paphitis is worth an enormous £290 million.

As well as his multiple successful businesses and the deals and investments he made during his stint on Dragon’s Den, his TV appearances on shows like Question Time and The Agenda have also contributed to his net worth.

What are Theo Pahphitis’ biggest Dragon’s Den deals?

Theo joined Dragon’s Den as an investor in 2005, and was one of the long-running BBC show’s most popular Dragons until he decided to leave in 2013.

“This has not been an easy decision or one that I have taken lightly,” the entrepreneur explained at the time of leaving. “The time felt right to give up my seat, stop breathing fire and allow someone else to enjoy the wonderful experience of being a Dragon.

“So, it just leaves it for me to say thank you to all past and present Dragons.”

During his time in the Den, Theo invested in 45 businesses — from heeled welly boots WedgeWelly to portable toilet start-up BogInaBag — and became known for asking those pitching why they wanted to take cash from his kids’ inheritance.

His top deal was a joint £100,000 investment for 20% equity in Magic Whiteboard with fellow Dragon Deborah Meaden, with the pair seeing an £800,000 return on their initial investment.

He also made history when he offered to invest £250,000 for 30% equity in trading website Zapper – the biggest sum ever invested in a business on the show, however, the deal failed to go through after the show.

Question Time airs on Thursdays at 10.35pm on BBC One

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