Billionaire Profile
Tom Morris
Global Rank
#665

Image: Public domain | via Wikimedia Commons

Tom Morris

CEO, Home Bargains
GB
Real-Time Net Worth
$5.8B
As of December 2025
Age
71
Source
Retail
Industry
fashion-retail
Citizenship
GB

Biography

Tom Morris is a British billionaire businessman, best known as the founder of Home Bargains, a prominent discount retail chain in the UK. Born in Liverpool in February 1954, Morris launched the business in 1976 with a bank overdraft. Over the years, Home Bargains has expanded to over 600 stores, employing more than 30,000 people. His source of wealth is retail, and he is known for his private nature and hands-on approach to leadership. As of December 5, 2025, Tom Morris's net worth is estimated at $5.8 billion. Home Bargains stocks everything from health and beauty products to candy and toys, often bought at a discount from brands trying to offload product.

Wealth Over Time

In-Depth Profile

Early Life

Thomas Joseph Morris was born in Liverpool, England, on February 10, 1954. He is the son of a shopkeeper and grew up as one of seven children. Morris received a degree in engineering.

Rise to Success

Tom Morris founded Home Bargains in 1976 in Old Swan, Liverpool, at the age of 21. Initially named "Home and Bargain," the chain retailed various goods. In 1995, Morris rebranded the stores' logo and name to Home Bargains, introducing a new corporate logo. His business acumen propelled Home Bargains to remarkable growth, now boasting over 600 stores.

Key Business Strategies

Home Bargains focuses on low prices and lean operations. Key strategies include bulk purchasing, minimalist store design to reduce overheads, and strategic store locations.

Philanthropy

Tom Morris and TJ Morris recently contributed £2.5 million to save Zoe's Place, a specialist baby hospice.

Career Milestones

1976

Founded Home Bargains

Started the discount retail chain in Old Swan, Liverpool.

1995

Rebranded to Home Bargains

Introduced a new logo and name.

2024

Home Bargains Revenue

Turnover topped £4bn

Philanthropy & Social Impact

Healthcare

Zoe's Place

$3.15M

Pledged to save the specialist baby hospice.