| On one day a year, ICAP, the City money brokerage, donates all its commissions to charity. The 2003 Charity Day in December raised £4m, beating the 2002 total by £1m. At ICAP's South African office, Nelson Mandela turned up to collect a cheque for his charitable foundation, one of 55 organisations worldwide to benefit from the firm's largesse. ICAP's founder Spencer, describes the day as his way of "doing something properly". He says: "We are approached by a lot of charities and, I thought, rather than raise a couple of hundred pounds on a charity walk, why not have the brokers give a day at work? We started in 1993, when we raised £250,000, and it has just grown." Former City analyst Spencer, 48, set up Intercapital in 1986. Today ICAP, as it is now known, is the world's biggest inter-dealer money broker, and Spencer has a £260m stake in it. Other interests include a £12m stake in Numis, the quoted broker, and £36m in City Index, the spread-betting firm. He also made £27m from the sale of his holding in Blue Square, another betting firm. We add £20m for past share sales, salaries and other assets.
|
163=
|
|
2003: £195m
|
|
