Laidback billionaire

Michael Spencer, one of the world’s wealthiest men. PHOTO | COURTESY

It’s the morning of the Kenya Derby. The main sponsor, Michael Spencer, holds court at the lobby of a snazzy hotel in Karen to talk about horse racing. Together with his wife, Sarah, they are embarking on an investment journey to raise the standards of horse racing in Kenya.

A philanthropist, financial broker and investor, the Londoner is the chief executive of NEX, a UK-based company focused on electronic markets and post trade business. He also served as a treasurer of the Conservative Party from 2006 to 2010.

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Note: The results are not exact but very close to the actual.