Charles Dunstone: Fortunes change for the “lucky idiot”

Carphone Warehouse founder Sir Charles Dunstone enjoyed a hot streak of success as mobile phones took off and he became Britain’s first telecoms billionaire. Now, troubles are multiplying.

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(Image credit: 2016 Getty Images)

Charles Dunstone (pictured) was "one of a generation of public schoolboys" who struck gold with their entrepreneurial ventures in the 1990s, says The Sunday Times. Britain's first telecoms billionaire founded the clunky-sounding Carphone Warehouse with just £6,000 in 1989, flogging new-fangled mobile phones from his flat on London's Marylebone Road. The company grew rapidly and floated in 2000, valued at £1.7bn. Dunstone later launched a broadband operator, TalkTalk "a brave attempt to tackle the might of BT with a budget offering". Of late, though, both companies have been struggling. "The days of plain sailing are over" for Dunstone.

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Jane writes profiles for MoneyWeek and is city editor of The Week. A former British Society of Magazine Editors editor of the year, she cut her teeth in journalism editing The Daily Telegraph’s Letters page and writing gossip for the London Evening Standard – while contributing to a kaleidoscopic range of business magazines including Personnel Today, Edge, Microscope, Computing, PC Business World, and Business & Finance.

She has edited corporate publications for accountants BDO, business psychologists YSC Consulting, and the law firm Stephenson Harwood – also enjoying a stint as a researcher for the due diligence department of a global risk advisory firm.

Her sole book to date, Stay or Go? (2016), rehearsed the arguments on both sides of the EU referendum.

She lives in north London, has a degree in modern history from Trinity College, Oxford, and is currently learning to play the drums.