IN THE MONEY: Carphone Warehouse founder Sir Charles Dunstone

IN THE MONEY: Carphone Warehouse founder Sir Charles Dunstone rakes in £48m selling stock

The founder of Carphone Warehouse has raked in £48million from selling Dixons Carphone stock.

Charles Dunstone, who started Carphone Warehouse in 1989 with £6,000, sold 65.4m shares this week at around 73.5p each. 

While he has been making millions from offloading the firm’s shares, he has piled money into broadband provider Talktalk. 

Carphone Warehouse agreed a £3.8billion merger with Dixons in 2014, handing Dunstone a 11.75 per cent stake. He now has just 1.24 per cent.

 

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