J. P. McManus
From Wikipedia, the free encyclopedia
John Patrick McManus (born March 1951) is an Irish businessman and racehorse owner.
Born in Limerick, he began his business career at his family’s construction plant hire firm, and then became an on-course bookmaker at Limerick’s greyhound track, before moving into horse ownership and racing. He has a stud farm in County Kildare. In 1982, he and his wife bought Martinstown Stud on over 400 acres in County Limerick from the McCalmonts. McManus is National Hunt racing's largest owner. Famed for his huge, and usually successful bets, he is loved by racing fans. He rarely admits to placing bets and then usually describes them as “little”. His distinctive green and gold hooped racing colours come from those of the South Liberties GAA Club.
A significant part of his wealth has also derived from foreign exchange dealing which he conducts from his Office in Geneva, Switzerland where he lives as a tax exile. Together with business associate John Magnier he built up a 28.89 per cent shareholding in Manchester United F.C., which has since been sold to businessman Malcolm Glazer.
He is also a keen golfer and a close friend of Tiger Woods. In the Sunday Times Rich List 2006 J. P. McManus's personal fortune was estimated at GBP 472 million (EUR 698 million). In 1996 he established the J. P. McManus Scholarship Award in which he provides €4,500 each study year to selected students at his former secondary school C.B.S. Sexton Street in Limerick. Every five years, he organises the J. P. McManus Invitation Pro-Am golf tournament in Limerick to raise funds for Limerick charities.
