BillionaireNet
Dyson
James Dyson
Rank #171
UNITED KINGDOMManufacturingVacuums

James Dyson

Net Worth
$15.123B
0% (24h)
Sir James Dyson is a British inventor, industrial designer, and business magnate, best known for founding the Dyson company and inventing the bagless vacuum cleaner. Born on May 2, 1947, Dyson's career has been marked by relentless innovation and a determination to challenge conventional designs. His invention of the Dual Cyclone vacuum cleaner revolutionized the household appliance industry. With a current net worth of $15.0 billion, Dyson's wealth stems primarily from his ownership of Dyson Ltd. His career also includes other innovations, such as the Dyson Airblade hand dryer and the Dyson Supersonic hair dryer. Dyson is known for his commitment to engineering education and philanthropy, supporting various initiatives through the James Dyson Foundation.

The Full Dossier

Early Life and Education

James Dyson was born in Cromer, Norfolk, England, on May 2, 1947. He attended Gresham's School and later studied at the Byam Shaw School of Art before pursuing furniture and interior design at the Royal College of Art. It was during his time at the Royal College of Art that his interest in design and engineering began to flourish.

Rise to Success

Dyson's breakthrough came with the invention of the bagless Dual Cyclone vacuum cleaner. After years of development and over 5,000 prototypes, he perfected the design that utilized cyclonic separation, challenging the conventional vacuum cleaner market. He launched his own company, Dyson Ltd., in 1991, and his innovative products quickly gained popularity, leading to significant commercial success.

Key Business Strategies

Dyson's business strategy has revolved around a commitment to research and development. This is illustrated by the large investments the company makes in innovation, including AI, robotics and proprietary battery technology, resulting in new product launches. Dyson's products are known for their distinctive design and superior functionality. He has also expanded into other product categories, such as air purifiers, hand dryers, and hair care devices. Furthermore, Dyson has been willing to challenge established industry practices and invest heavily in product development.

Philanthropy

James Dyson founded the James Dyson Foundation in 2002 to support design and engineering education. The foundation promotes engineering in schools and universities. Dyson has also supported the establishment of engineering facilities at various universities, including the Dyson School of Design Engineering at Imperial College London.

Career Timeline

2017

Dyson Institute of Engineering and Technology

Founded the Dyson Institute of Engineering and Technology.

2016

Order of Merit

Appointed to the Order of Merit.

2015

Fellow of the Royal Society

Elected a Fellow of the Royal Society (FRS).

2011

Provost of Royal College of Art

Appointed Provost of the Royal College of Art.

2007

Knighthood

Knighted for services to business.

1998

CBE

Awarded Commander of the Order of the British Empire.

1993

DC01 Launch

Launched the DC01 vacuum cleaner, which became a best-seller in the UK.

1991

Dyson Ltd. Founded

Founded Dyson Ltd., a company that would revolutionize the vacuum cleaner industry.

1983

G-Force Cleaner Development

Developed the 'G-Force' cleaner, featuring cyclonic separation technology.

1978

Ballbarrow Invention

Invented the Ballbarrow, a wheelbarrow that uses a ball instead of a wheel.

Philanthropic Impact

Education$XB

James Dyson Foundation

Supports design and engineering education and inspires young people to enter the field.

Education$12M

Dyson School of Design Engineering

Provided funding for the creation of the Dyson School of Design Engineering at Imperial College London.

EducationUnknown

Dyson Centre for Engineering Design

Funded the creation of the Dyson Centre for Engineering Design at Cambridge University.

Healthcare$4M

Dyson Cancer Centre

Contributed to the construction of a hub for cancer services at the Royal United Hospital, Bath.

Education$18.75M

Gresham's School STEAM Building

Donation for a new STEAM Education building.

Wealth Trajectory