How did Charlie Mullins build his net worth?

His fortune comes from Pimlico Plumbers, the plumbing firm he started. He tracked the money from the beginning.

Instead of establishing his plumbing business in his hometown, he chose the affluent Pimlico neighborhood. He is “following the money,” as he has stated numerous times. It was a wise decision.

Within nine years, annual revenues had risen to £900,000. By 2013, it had made a profit of £19 million. Pimlico Plumbers performed around 9% of all plumbing work in London at the time. In September 2021, he sold 90 percent of the company, which had a turnover of around £53.7 million.

Mullins began his apprenticeship with a local plumber when he was 15 years old. In 1979, he launched Pimlico Plumbers, which operated out of a Pimlico basement.

Charlie had a propensity for working hard to make the firm profitable in whatever manner he could, which prompted him to take a creative approach. Many of the company’s vehicles, for example, had personalized number plates with plumbing-themed names like W4TER, DRA 1N, and BOG 1. This ingenious marketing strategy helped his vehicles stand out from the crowd, increased brand awareness, and proved to be a wise investment since they were eventually valued at £1.5 million.

Charlie Mullins' Net Worth?

He told the narrative of how he started his plumbing business from the ground up in 2015. The book, which is a part business guide and part memoir, is still selling and earning cash.

Charlie has always been a real estate investor. He spent roughly €2 million in 2003 on two opulent properties in Torrenueva, Granada, Spain.

He listed his £4.75 million Hutton Mount, Essex property for sale in 2021.

He also has a six-bedroom London penthouse worth £8 million, with views of the Thames stretching from the London Eye to Big Ben.

This well-known businessman divides his time between Spain and the United Kingdom. When he visits Spain, he loves to stay in his largest property, one of nine villas he purchased for £14 million in an elite gated community in La Calla, near Marbella.

Charlie Mullins' Net Worth?

Mullins can’t seem to keep away from the subject of plumbing. Despite selling 90% of Pimlico Plumbers to Neighborly, an American home services company, for between £125 million and £145 million, he is currently forming a new plumbing company in Marbella, Spain.

Early Life

Sidney Charles Mullins OBE is a British businessman who was born on October 28, 1952. Pimlico Plumbers, London’s largest independent plumbing company, which he sold in 2021, was founded by him.

Mullins was born in a factory to a manufacturing worker father and a cleaner mother. They “lived in a couple of rooms in Camden” when he was born before moving to the Rockingham Estate in London’s Elephant and Castle, where he grew up and dropped out of school at the age of 15.

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Personal Life

Lynda, his first wife, with whom he had been married for 41 years, was divorced. She is the mother of his four children, two of whom are employed by the firm. He later married Julie Anne Morris, another Pimlico Plumbers employee. Later, the couple divorced.

Charlie Mullins' Net Worth?

In the 2015 New Year Honours, Mullins was named Officer of the Order of the British Empire OBE for contributions to the plumbing profession. In Marbella, Spain, he has a villa.

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Due to Charlie’s aversion to discussing his education, the names of the schools he attended are unavailable.

Charlie had a dream of being a plumber since he was eight years old, and he routinely skipped school to assist a local plumber.

Charlie Mullins' Net Worth?

He left school without any formal qualifications, which is unsurprising. He began his plumbing apprenticeship right away and was fully qualified at the age of 19.

Charlie dropped out of high school at the age of 15, but told Money Week in 2013 that he “should have dropped out at 14.”

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