[34] He set up the Sainsbury Management Fellowship scheme in 1987 to develop UK engineers into leaders in industry. 1m? He became Lord Sainsbury of Turville in October 1997 and was appointed Minister of Science and Innovation from July 1998 until November 2006. lord sainsbury contact. Lord David Sainsbury, former chair of the eponymous supermarket chain, has given 2mn to Labour in a big boost for Britain's main opposition party as it gears up for the next general election.. British politician, businessman and philanthropist, David Sainsbury, Baron Sainsbury of Turville, Chancellor of the University of Cambridge. When he became chairman in 1969 the fourth generation in the family firm since its foundation in the mid-19th century its profit of 4.3m was half that of Tesco and a ninth of Marks and Spencer. In 2021 The Sunday Times named the Sainsbury family among the most charitable people for the last 20 years with donations of 3.625 billion.[6][7]. In his book, Windows of Opportunity: How Nations Create Wealth, Lord Sainsbury draws on his experience in business and government to assemble the evidence about how growth happens, arguing that it comes not as steady progress but in a series of jumps, based on investment in high value-added firms.He argues that the role of government in 'picking winners' should be at the level . privacy policy. [10] The 'continuing' SDP was wound up in 1990, and Sainsbury changed allegiance back to the Labour Party, rejoining them in 1996. The flagship of this fleet of trusts is the Gatsby Charitable Foundation. Elected: 2008. He served on a wide range of boards and as a trustee for institutions including the Royal Ballet School, the Royal Opera House, Dulwich Picture Gallery, the National and Tate galleries, the Ashmolean Museum, the Rhodes Trust and the Nelson Mandela childrens fund. The question on everyone's lips at the family estate, where Jason farmed with his father Peter Kanabus and younger brother Adrian, was what would he do with his new-found wealth? As a government minister since 1998, his shares were held in a blind trust until 2007. 15 January 2022. David Sainsbury who is a grocer and a politician is also one of Britain's richest men and was a multi-millionaire by the time he was in his 20s. By Posted jordan schnitzer house In strengths and weaknesses of a volleyball player He was also a member of the cabinet biotechnology committee, Sci-Bio, responsible for national policy on GM crops and foods, and as such . Sainsbury married the former ballet dancer Anya Linden in 1963 and the couple established the Linbury charitable trust a combination of their two names to channel donations eventually totalling more than 150m to projects largely devoted to art and the performing arts, heritage and educational projects. In 1973 the company was floated on the stock market in what was described as the biggest flotation to that time, the family owning 85% of the stock, though that decreased substantially over time as shares were redirected to the familys web of charitable trusts and foundations. After the 1983 election, he prompted the party to give more priority to recruiting members and finding a firm financial base; he was by far the biggest donor to the party, and a trustee,[8] giving about 750,000 between 1981 and 1987. Lord Sainsbury of Preston Candover. [35], Sainsbury has donated 127 million of the Gatsby Charitable Foundation's money to Cambridge University in the last decade: he gave 45 million to the Cambridge University Botanic Garden in 2005. Alternatively you can write to us at: The Peak, 5 Wilton Road, London, SW1V 1AP, The Gatsby Charitable Foundation, The Peak, 5 Wilton Road, London, SW1V 1AP. We, AOL, are part of the Yahoo family of brands. That does not include the latest 2m gift. Moved into trading as a biscuit buyer. David John Sainsbury, Baron Sainsbury of Turville, HonFRS, HonFREng [1] (24 October 1940) is a British politician, businessman and philanthropist. On JD Sainsbury's retirement as chairman and chief executive on 2 November 1992, David Sainsbury became chairman. Camilla Sainsbury, daughter of Timothy Sainsbury, married to Conservative, later Labour, James Sainsbury, son of Timothy Sainsbury, Alexander Sainsbury, son of Timothy Sainsbury, Jessica de Frankopan, daughter of Timothy Sainsbury and married to, Paulette Sainsbury, only daughter of Alan Sainsbury (1946); known by married name Paulette Anderson, Lindsey Anderson, daughter of Paulette Anderson, The Hon. He is the founder of the Gatsby Charitable Foundation, and in 2003 received, on behalf of the Sainsbury family, the Andrew Carnegie Medal for Philanthropy. jack the ripper documentary channel 5 / ravelry crochet leg warmers / lord sainsbury contact. Lord Sainsbury was a regular donor to the Labour party for years but surprised Westminster by giving the beleaguered Lib Dems two donations totalling a massive 2.1million in 2016. Find out more about how we use your personal data in our privacy policy and cookie policy. Ivor Crewe, Anthony King, "SDP: The Birth, Life and Death of the Social Democratic Party", Oxford University Press, 1995, p. 249, 251. Please note that fraudsters are currently sending emails reporting to be from Gatsby - we do not contact people offering grants from webmail accounts, and urge you to please report any such emails to help others stay safe. Registered Charity No. Served as chairman and chief executive from 1969-92. Lord Sainsbury, who served as a science minister under Tony Blair and made a peer in 1997, donated 4.2million to nine different Remain groups, using four different aliases. 2023 Centre for Cities He is the author of Progressive Capitalism: How to Achieve Economic Growth, Liberty and Social Justice, which was published in May 2013. This ran from 1973 until 1995 when the completion of the Lady Chapel was marked by the unveiling of new stained glass in the west window of the Lady Chapel. Lord Sainsbury at a Wedding in Berkshire. He is survived by Anya, their two sons, John Julian and Mark, and a daughter, Sarah. [3] He also made the largest donation in British political history, giving 8 million to the Liberal Democrats.[4]. He then completed an MBA at Columbia Business School in the United States. By clicking to subscribe, you acknowledge that your information will be transferred to MailChimp for processing. Excludes bank holidays) 6-9 Carlton House Terrace, London SW1Y 5AG . David Sainsbury became Lord Sainsbury of Turville in October, 1997. Before that, his last large donation to Labours central party funding pot was in 2010. We use MailChimp as our marketing platform. He became a director two years later and vice-chairman following his fathers retirement in 1967. Starmers allies have been claiming for some time that he is attracting back former party supporters from the business world, as well as winning new ones. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. [9], Along with David Owen, Sainsbury opposed merging the SDP with the Liberal Party after the 1987 election, and provided office space for Owen to help him re-establish a separate political party, which was created in 1988. A minister under Tony Blair, Lord Sainsbury gave 2.15m to Labour and 2.125m to the Liberal Democrats in the three months to June. Lord Sainsbury at a Wedding in Bershire. The size of his latest gift signals that the race to raise funds before the next election, probably to be held next autumn, is well under way. During his time at J Sainsbury he also served on the governing boards of a number of political organisations as well as bodies representing business interests. [44] She was appointed DBE in the 2022 Birthday Honours, for "services to the Arts, As chairman, he pioneered fresh and frozen foods, and increased Sainsbury's own label range. A exit poll has shown that former Labour minister Lord Sainsbury is on course to be elected Chancellor of Cambridge University, with a clear lead over actor Brian Blessed and lawyer Michael Mansfield. He was Finance Director of J. Sainsbury plc from 1973 to 1990 and Chairman from 1992 to 1998. Ivor Crewe, Anthony King, "SDP: The Birth, Life and Death of the Social Democratic Party", Oxford University Press, 1995, p. 422. [13] He gave another 500,000 on 15 December 2008, making a total of 18.5 million. When he retired on his 65th birthday in 1992, the company had overtaken its rivals to become the largest supermarket in Britain, had branched out into the Homebase do-it-yourself chain, launched in the US by taking over a supermarket group there, and was recording an annual profit of 628m. It was said by the Financial Times to be "one of the biggest donations ever made to a British university surpassed only by a 2000 gift to the university by the Bill and Melinda Gates Foundation. This ran from 1973 until 1995 when the completion of the Lady Chapel was marked by the unveiling of new stained glass in the west window of the Lady Chapel. Centre for Cities is a registered charity (No1119841) and a company limited by guarantee I have a life-long interest in education and have supported many projects in schools and universities through my Charitable Foundation. In November 2006 he left government after eight years service to concentrate on his business interests and philanthropy. Posted by ; jardine strategic holdings jobs; how to dominate a neighborhood with real estate farming . Copyright 2023 Cambridge Industrial Innovation Policy, Chancellor of the University of Cambridge, UK. In 1956, Sainsbury became chairman after the death of his father, John Benjamin. In 2007 he produced for the Government a review of the Governments science and innovation policies, The Race To The Top. The former chairman and chief executive of major supermarket giant Sainsbury's, Lord Sainsbury of Preston Candover, has died aged 94. Lord David Sainsbury, former chair of the eponymous grocery store chain, has given 2mn to Labour in a giant enhance for Britain's primary opposition social gathering because it gears up for the following common election. [45] The family live in the Manor of Turville in Turville, Buckinghamshire. Finally in 1969, he was appointed Chairman and Chief Executive until his retirement in 1992. In a development claimed by Starmers allies as a sign of rising support within the business world, Lord Sainsbury, the former chairman of the Sainsburys supermarket chain, said he had been attracted back to Labour by its leaders desire to reunite the country around an agenda of economic growth and social justice. John Sainsbury, who passed away on 14 January, aged 94, is remembered for his business acumen, but he also had an avid interest in archaeology and the arts. David Sainsbury joined J Sainsbury plc in 1963 after graduating from King's College, Cambridge. [21] In 2009, he created the Institute for Government with 15 million of funding through the Gatsby Charitable Foundation to help government and opposition politicians to prepare for political transitions and government. He received an M.B.A. from the Columbia Graduate School of Business in New York in 1971. Terms. Learn how and when to remove this template message, Parliamentary Under-Secretary of State for Science and Innovation, "David Sainsbury, Baron Sainsbury of Turville", 2016 European Union membership referendum, became the first in 163 years to be contested by another candidate, John Sainsbury, Baron Sainsbury of Preston Candover, KG, "Lord Sainsbury gave biggest political donation in history", "An Interview with Sir Robert and Lady Sainsbury", "Cash for honours: What am I bid? Lord Sainsbury of Preston Candover, life president of supermarket chain Sainsbury's and a Conservative peer, has died aged 94. Born John Sainsbury, his 40-year career with the. John Sainsbury felt the business stagnated under his successor, whose chief interest was in science and who left the chairmanship in 1998 to become a minister in Tony Blairs government. There is also in the vestibule of this chapel an enamelled plaque which reads: This image can be purchased from Westminster Abbey Library, Image 2023 Dean and Chapter of Westminster. CONTACT US + 44 207 451 2500 (Lines open Mon-Fri, 9:00-17:00. Snapshot. He gained an MBA from the Columbia Graduate School of Business in New York in 1971 before becoming J Sainsbury's Finance Director in 1973, holding the position for 17 years. Among them, in collaboration with other family members, was the 50m Sainsbury wing to the National Gallery. Cambridge Industrial Innovation Policy, 17 Charles Babbage Road, Cambridge, CB3 0FS. At the time, the Lib Dems were fighting on a fiercely anti-Brexit platform. He ranked 14 out of 50 on the Top 50 Influential Lib Dems of 2020 list the only non-Lib Dem member to feature.[30]. David John Sainsbury, Baron Sainsbury of Turville, FRS, HonFREng (born 24 October 1940) is an English politician, businessman and philanthropist. When the company listed on the London Stock Exchange on 12 July 1973, at the time the largest flotation ever, his family retained control with an 85% stake. He is the nephew of Alan Sainsbury. It was very much a family firm: he succeeded his uncle, Sir Robert Sainsbury, as head of the business, and on retirement passed the chairmanship on to Sir Roberts son David Sainsbury: a not entirely happy arrangement, as his cousin, 13 years his junior, did not seem as committed to the grocery business as he was. The Sainsbury family also has varying political interests. Martin Scicluna, current Chair of Sainsbury's, has announced that Lord John Sainsbury of Preston Candover has passed away. He was the son of Alan Sainsbury, Baron Sainsbury, and the nephew of Sir Robert . . John Davan Sainsbury, Lord Sainsbury of Preston Candover, businessman and philanthropist, born 2 November 1927; died 14 January 2022. He is an Honorary FREng (Honorary FEng 1994), an Honorary FRS 2008, and an Honorary FMedSci 2008. He also wants to reunite the country around an agenda of economic growth and social justice, which is one I strongly support. Today, the family has many interests, including business, politics, philanthropy, arts, and sciences. There was also the Linbury studio theatre attached to the Royal Opera House, the Linbury biennial prize for stage design and a 25m donation to the British Museum. Lord Sainsbury of Preston Candover is deceased. During his 40-year career with the firm . He was Finance Director of J. Sainsbury plc from 1973 1990, Deputy Chairman from 1988 1992, and Chairman from 1992 1998. He was also a member of the cabinet biotechnology committee, Sci-Bio, responsible for national policy on GM crops and foods, and as such was a key adviser to Blair on GM technology. "[37], In 2013, together with his wife Susie, he joined the Giving Pledge, the group started by Warren Buffett and Bill and Melinda Gates, pledging to donate half his fortune to charitable trusts during his lifetime. In announcing the passing, Scicluna said: "We are all deeply saddened to learn of the death of our Life . He is the founder of the Gatsby Charitable Foundation, Centre for Cities and the Institute for . During the private equity takeover bid in the first half of 2007, David indicated he was willing to let the Sainsbury's board open its books for due diligence if someone offered him a price of 600 pence per share or more. Mark Sainsbury, son of John Davan Sainsbury. However, he says that along with his wealth he has . Data released on Thursday shows the central party attracted more than 6 million from individuals . Voting record. He retained the presidency of the company and led successful family opposition to a takeover bid by private equity companies in 2007. He was Finance Director of J. Sainsbury plc from 1973 to 1990 and Chairman from1992 to 1998. He was knighted in 1980, and given a life peerage in 1989. The Lord Sainsbury of Turville David Sainsbury HonFBA FMedSci HonFREng FRS. On his retirement as chairman, to avoid any conflict of interest, David Sainsbury placed his then 23% stake in Sainsbury's into a "blind" trust, to be administered by lawyer Judith Portrait. According to the directors' report of 2001, "Christopher Stone, Andrew Cahn and John Rosenheim are . He sat in the House of Lords as a member of the Conservative Party. ", "SAINSBURY FACES INQUIRY ABOUT 2m LOAN - FT.com", Ministers quizzed in donor probe. Private donations to the Labour party have hit a 14-year high, thanks to the Sainsbury family. More recently, he gave a huge 8m donation the biggest ever from an individual to the Lib Dems before the 2019 election. Lord David Sainsbury, who is going to accept the Andrew Carnegie Medal of Philanthropy today on behalf of the family, established Gatsby in 1967. [citation needed] He is associated with[vague] the Labour Friends of Israel. He was Finance Director of J. Sainsbury plc from 1973 through 1990, Deputy Chairman from 1988 through 1992, and Chairman from 1992 through 1998. 251988 The Gatsby Charitable Foundation. If you would like to customise your choices, click 'Manage privacy settings'. Branches more than quadrupled in size, from an average 8,000 sq ft to nearly 35,000 sq ft, and the range of products increased from 4,000 to 16,000, half of them own-brand. John Davan Sainsbury became chairman in 1969 on Sir Robert Sainsbury's retirement. I am proud to be a Cambridge graduate and know both British and foreign universities as a result of my eight . [39] However, his nomination became the first in 163 years to be contested by another candidate when, on 29 May, local shopkeeper Abdul Arain stood in protest at a planning application for a Sainsbury's Local branch in Cambridge's Mill Road district, triggering a contest that would have to wait until an October ballot. IN 1949 Alan Sainsbury returned to Britain from a voyage of discovery to the United States. info@centreforcities.org At the end of May 2001 the total holding of these trusts amounted to 28 per cent of the Company's share capital[10]. He became a director of the company in 1958, followed by Deputy Chairman in 1967, a role which he took over from his father. Robert Butler-Sloss, son of, The Hon. Sainsbury founded the Gatsby Charitable Foundation in 1967. particularly during Covid-19", described in the list as "Philanthropist". Forty million of those came from from the "blind" trust, which held Lord Sainsbury's shares while he was a member of the Government as Science Minister. 5 Jun. Francesca Sainsbury, daughter of David Sainsbury. Dedicated to the memory of John Sainsbury, 2 November 1927 - 14 January 2022. When David Sainsbury announced his intention to give away 1 billion to charity in 2005, his 23% stake was sold down, eventually to 12.9% by early 2007. He was Chair of Savacentre from 1984 to 1993, during which time the hypermarkets business grew slowly. Fran Perrin, his daughter, also gave the party a 500,000 donation in 2022. . His father, Sir Robert Sainsbury, gave almost his entire stake in the company to David Sainsbury, his only son, whereas his uncle Alan Sainsbury split his stake in the business between his sons John Davan Sainsbury, Simon Sainsbury, and Tim Sainsbury. [34] In 2009, he allocated a further 465 million to the foundation, making him the first Briton to donate more than 1 billion to charity. Between 2001 and 2011 he provided 2 million of funding for Progress. The Hon. At this point, David Sainsbury, who had wanted to step down at the end of 1997, made a surprise announcement of his retirement as chairman to pursue his long-held ambition to have a career in politics, after "32 enjoyable and fulfilling years" working for Sainsbury's. John Davan Sainsbury, Baron Sainsbury of Preston Candover, KG (2 November 1927 - 14 January 2022 [2]) was the President of Sainsbury's, a British businessman, and a politician. A hostile bid for the company may encounter difficulties, without the full support of the Sainsbury family. [18] He categorically denied that his resignation had anything to do with the "Cash for Peerages" affair, although this was contradicted by subsequent press reports attributed to "Labour insiders" which suggested that his resignation was indeed a direct consequence of the affair.[19]. He received an M.B.A. from the Columbia Graduate School of Business in New York in 1971. Please complete the boxes below and click the submit button. Former Conservative chairman Nadhim Zahawi had been battling hard to raise cash for his party before he was fired by Rishi Sunak after a breach of the ministerial code over his tax affairs. [4] Adrian Kanabus has set up Adrians Charity.[5]. Sarah Sainsbury, daughter of John Davan Sainsbury, married to Hon. This brought to an end 129 years of management of the group by the Sainsbury family. The former chair of the supermarket chain was a big donor to Blair and Brown but cut off his support under CorbynKeir Starmer's election war chest has been given an extraordinary boost after one of the biggest New Labour-era donors returned to the party fold with a 2m donation, the Observer can reveal.David Sainsbury, who was consistently one of the largest donors under the last Labour . Spoken contributions. Sarah Sainsbury, daughter of John Davan Sainsbury, married to Hon. David Sainsbury became Lord Sainsbury of Turville in October, 1997 and was appointed Minister of Science and Innovation from July 1998 until November 2006. He introduced oven-ready frozen chickens and the simple but powerful slogan "Good Food Costs Less at Sainsbury's" in 1959. [27] However in late 2018 he donated 25,000 to Scottish Conservatives MP Luke Graham. European Union and British. David Sainsbury began his professional career when he joined the UK retailer J Sainsbury plc in 1963. Sainsbury also formerly funded the Progress group, associated with the Labour right, and gave a small donation to a Tory MP in 2018. He was appointed as the companys Deputy Chairman in 1988 and became Chairman in 1992. Product ID: 2682768 / SCAN-IND-02682768. With concerns that funding from Labours affiliated unions could drop after the days of Jeremy Corbyns leadership, the party has been on a concerted charm offensive to attract back the kind of business and individual donations that it received under Tony Blair and Gordon Brown. Sainsbury has been a long-time patron of the socialist society Scientists for Labour. From 1992 to 1997, he served as chairman of Sainsbury's, the supermarket chain established by his great grandfather John James Sainsbury in 1869. David Sainsbury, who was consistently one of the largest donors under the last Labour government before withdrawing his support, has now renewed his backing with his first multimillion-pound donation since 2016. [41][42] On 20 June, socialist barrister Michael Mansfield became the third candidate to oppose Sainsbury. A Labour spokesperson said: Donors are coming back to Labour because they can see we are a changed party that is serious about getting into government and building a fairer, greener, more dynamic Britain. The former chairman of the supermarket chain was 94. The Tories traditionally raise huge sums from finance and business figures. [38], In 2011, Sainsbury was formally proposed by the Nominations Board of Cambridge University to succeed the Duke of Edinburgh as Chancellor of the University of Cambridge. This is the contact form to use for any general enquiries. lord sainsbury contact. The couple divorced when their son was 12 and John was sent to Stowe school and subsequently studied history at Worcester College, Oxford, for which the family became major benefactors, supplying a residential block for students. He is also a donor to Blair's Labour Party. Thanks to Keir Starmers leadership, the Labour party is in a strong and positive financial position, having experienced significant growth in income throughout 2022, leaving us debt and deficit-free., Original reporting and incisive analysis, direct from the Guardian every morning, David Sainsbury: Keir Starmer wants to reunite the country around an agenda of growth and social justice, which is one I strongly support.. The Head, the Board of Governors and all those involved with the Old Stoic Society were profoundly sad to hear of the death of The Rt Hon the Lord Sainsbury of Preston Candover KG, (Grenville '46) on Friday 14 January. He is also the author of two Fabian pamphlets Government and Industry: A New Partnership and Science and Innovation Policies in a Global Economy and is co-author with Christopher Smallwood of Wealth Creation and Jobs published by the Public Policy Centre. He is Chairman of WE UK (formerly Free The Children) and co-hosts their annual signature event WE Day UK with Holly Branson. He was a keen art collector and an influential advocate for the Contemporary Art Society, making a significant contribution to the organisation personally as well as through . . Celia Sainsbury, daughter of Robert Sainsbury, married name Celia Blakey, had issue: Michael Robert Blakey, son of Celia Blakey, Annabel Sainsbury, daughter of Robert Sainsbury, married name Annabel Kanabus, former director of the HIV/AIDS charity, Sainsbury Institute for the Study of Japanese Arts and Cultures, South Asian Decorative Arts and Crafts Collection Trust, Camilla Sainsbury, daughter of Tim, is married to former MP, This page was last edited on 12 September 2022, at 11:15. 251988 The Gatsby Charitable Foundation. Sign up to recieve our insights newsletter. [36] In 2011, Cambridge's Sainsbury Laboratory opened, paid for by an 82 million donation from the Gatsby Foundation made in 2008. Original reporting and incisive analysis, direct from the Guardian every morning. Lord Sainsbury of Turville's full title is The Lord Sainsbury of Turville. Despite . The news comes as insiders say that the party is now debt- and deficit-free after facing significant bills for legal action, redundancies and falling membership revenue that left it plunging into the red at the start of last year. The former chairman and chief executive of supermarket chain Sainsbury's, Lord Sainsbury of Preston Candover, has died aged 94, the company has announced. Lord Sainsbury began working in his family's business in 1950, initially taking on a role in the grocery department before becoming a director in 1958, followed by Deputy Chairman in 1967 - a role which he took over from his father. Lord John Sainsbury of Preston Candover - the former chairman of the supermarket chain - has died aged 94. David Sainsbury read History and Psychology at Kings College, Cambridge and received an M.B.A. from the Columbia Graduate School of Business in New York. The son of Sir Robert Sainsbury (19062000) and Lisa Ingeborg (ne van den Bergh; 19122014),[5] Sainsbury attended Eton College before going on to earn a degree in History and Psychology at King's College, Cambridge. Alan John Sainsbury, pioneer of self-service, died on October 21st, aged 96. CIIP brings together the Centre for Science, Technology & Innovation Policy at the Institute for Manufacturing, the Policy Links Unit from IfM Engage, and the Babbage Policy Forum. @michaelsavage. He was the beloved husband of Anya, Lady Sainsbury, the adored father to Sarah, Julian and Mark and a much loved . Because of his importance to the Labour Party as a donor, contemporary press reports described him as "unsackable". [citation needed] He has argued that there are "far too many reshuffles", and that there were considerable benefits to his remaining in post for so long. Read more David Sainsbury at the University of Oxford, Martin Kettle writes in The Guardian about the analysis of Labours political economy in Progressive Capitalism in the context of Ed Milibands speech at Labour Party Conference this week Read more Martin Kettle Comment on Progressive Capitalism, David was interviewed by The Economist about his book, Progressive Capitalism: http://www.economist.com/blogs/prospero/2013/06/progressive-capitalism, General enquiries: office@davidsainsbury.org.uk, Media enquiries: media@davidsainsbury.org.uk, Materials here may be freely reused by media and others giving credit to davidsainsbury.org.uk under the terms of the Creative Commons By-Attribution licence 3.0, Site design by Helpful Technology using WordPress, David Sainsbury at the University of Oxford, Martin Kettle Comment on Progressive Capitalism, Read more about The Gatsby Charitable Foundation , David Sainsbury at the University of Oxford, Martin Kettle Comment on Progressive Capitalism, Creative Commons By-Attribution licence 3.0. Appointed to the board in 1958. 10,000? Lord Sainsbury, who is currently on leave of absence from the House of Lords, donated more than 4.2m to nine different Remain groups, under four different aliases. Please complete the boxes below and click the submit button. David Sainsbury Net Worth: David Sainsbury is a British businessman and politician who has a net worth of $1.1 billion. His beneficial holding became just 7.75% when he regained control of his shares in February 2007 following his decision to step down as Parliamentary Under-Secretary of State for Science and Innovation in November 2006. Discussion. The last family chairman was David Sainsbury who retired as chairman of the company in 1998. Lord Sainsbury was a generous donor to the Westminster Abbey Appeal Fund which raised millions of pounds for restoring the exterior of the Abbey and also Henry VII's Lady Chapel.