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Wales Online
Wales Online
Lifestyle
Stephanie Colderick

BBC Dragons' Den: Peter Jones' public fallout with Holly Willoughby and how he was forced to move in with his parents after his business failed

The only remaining Dragon from the very first series of Dragons' Den, Peter Jones, is now a very successful businessman. With an estimated net worth of anywhere between £500 million and £1bn, depending on various sources, he has plenty of professional highs, such as investing in Levi Roots Reggae Reggae Sauce, and some lows, such when his first business failed.

It is also reported that he had a fallout with This Morning presenter Holly Willoughby when she dropped out of supporting his partner's brand. Peter set up his first business aged just 16, when he made personal computers, and despite a very successful start the business went on to fail when Peter was in his 20s.

He decided to sell the business to IBM and as a result, lost £200,000 and had to sell his home and cars and move back home to his parents. Peter was able to bounce back from this loss as he opened a very successful cocktail bar in Windsor, based on the Tom Cruise film Cocktail, and created his very strong business Phones International Group which he sold in 2011 for £38 million.

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