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Richard Farleigh

Richard Farleigh (born 1960) is an Australian-born investor and economic commentator based in the UK. Raised in foster care, he worked early in his career as an investment bank trader and hedge fund head, then retired at 34 and turned to investing in start-ups. He backed the London private members’ club Home House and is a former investor on the BBCBBCThe BBC (British Broadcasting Corporation) is the United Kingdom’s public broadcaster. Its predecessor was the British Broadcasting Company, formed in 1922, and since 1927 it has been established under a Royal Charter. It provides television, radio, and online services in the UK, is funded mainly by the television licence fee, and broadcasts worldwide in multiple languages through BBC World Service.Open the full entry programme Dragons’ Den and former chancellor of London South Bank University.

Contents12 sections
Key facts

Early Life: Foster Care and a Scholarship

Farleigh was born in 1960 in the Australian country town of Kyabram, one of eleven children; he was placed in foster care at an early age and grew up in Sydney. He has said that this experience gave him something to prove.⁠[1][1][2][3]

He won a scholarship to study economics and econometrics at the University of New South Wales and graduated with first-class honours. He was offered PhD funding by Stanford University but chose to go into investment banking.⁠[1][4]

Reserve Bank of Australia and Bankers Trust

After graduating, Farleigh worked in the research department of Australia’s central bank, the Reserve Bank of Australia, on economic modelling. At 23 he passed up an academic career and joined Bankers Trust Australia, where he designed and managed swaps and other derivatives and was later appointed head of the bank’s proprietary trading desk. He has said he made money for the bank close to ten years in a row.⁠[1][1][1][1][4]

Running a Hedge Fund in Bermuda

In 1992 Farleigh was hired to head a private hedge fund in Bermuda. He retired at 34 and moved to Monte Carlo, Monaco, after which he began investing in small companies, mostly in the UK, and worked with the University of Oxford on commercializing its research.⁠[1][1][1][4]

Investing in Arc International and the Tech Bubble

Farleigh has said that in 1999 he invested about £3 million in Arc International, a chip technology company founded by Jez San; before the company’s listing he turned down an offer of £20 million for his stake and signed a six-month lock-in agreement on his shares. When the tech bubble then burst, his holding at one point lost about £500,000 in value each day, for a total loss of around £35 million.⁠[5][5][5][5][5]

Becoming Chancellor of London South Bank University

In May 2012 London South Bank University announced that Farleigh would succeed Sir Trevor McDonald as chancellor for an initial four-year term; the chancellor is the university’s ceremonial head, awarding degrees at graduation ceremonies and serving as an ambassador for the university. In July 2012 he was formally installed at graduation ceremonies held at the Royal Festival Hall.⁠[6][6][6][7]

Speaking at the ceremony, he told graduates: “A university education is the surest, safest way for anybody to move forward in life.”⁠[7]

Interview with The Venture Room

The Venture Room interviewed Farleigh on Regent Street in London. He said on the show that his first successful business was Home House; that a broking firm and an advisory firm he started were later sold for 20 million; and that he had been involved in about 120 businesses and had plenty of failures, calling business “a numbers game sometimes” that needs a bit of luck.⁠[3][3][3][3]

On his background, he said he grew up in the care system and that education was his “salvation”; he also said he most values technology businesses whose product is genuinely different, describing Home House, with its casual dress code in a beautiful building, as a form of disruption too.⁠[3][3][3][3]

As of October 2026: Commentator and Podcast Host

As of October 2026, Farleigh works as an investor, economist, and independent commentator; he hosts the interview programme The Boardroom, publishes Farleigh’s Five weekly on Substack, and serves as chairman of Innovative Physics. He says he has backed more than 100 companies.⁠[2][2][2][2][2]

Home House and Dragons’ Den

As a backer and chairman, Farleigh helped convert a Georgian mansion on Portman Square in London into the private members’ club Home House. He has said that of the more than 70 businesses he had invested in, Home House was the one he was most attached to. His other investments have included Net-a-Porter and Wolfson Microelectronics.⁠[1][4][4][5][4]

Books, Chess, and Charity

Farleigh is the author of the investing book Taming the Lion, which sets out 100 investment strategies; he later published Humble Stumbles and Ricky Means Business, a novel about a teenage entrepreneur.⁠[2][2][2][2]

A keen chess player, he has represented Bermuda and Monaco at the Chess Olympiad. The Australian Broadcasting Corporation programme Australian Story made a documentary about his life, There But For Fortune. Because of his own background, he serves as an ambassador for three children’s charities: Action for Children, Their Future Today, and Launch It.⁠[1][2][2][2]

Advice Shared on The Venture Room

Spend as little as possible when starting out: “If I had a day job, I wouldn’t give it up,” but use evenings and weekends to test the concept with very little risk and money, and find out as quickly as possible whether the business works (at 16:11 in the video).⁠[3][3]

Choose a business with a differentiated product: he divides businesses into “product businesses and price businesses,” and prefers disruption “where you literally the product is different” (at 16:58 in the video).⁠[3]

Treat risk like a lion: you can take risk, but treat it like a lion that could eat you; “You’ve got to work with a lion, but don’t let it eat you” (at 17:24 in the video).⁠[3]

Related Organizations, Websites, and Public Accounts

Sources

  1. Richard Farleigh - Pan Macmillan (opens in a new window)
  2. Richard Farleigh (opens in a new window)
  3. Asking Millionaires How They Got Rich? | London, Regent Street (opens in a new window)
  4. The dragon who came from the Aussie Outback (opens in a new window)
  5. Ex-Dragons’ Den star reflects on the decision that cost him £35m (opens in a new window)
  6. Richard Farleigh succeeds Sir Trevor McDonald as LSBU chancellor (opens in a new window)
  7. Ex-Dragon Richard Farleigh installed as LSBU chancellor (opens in a new window)