
Paul Marshall's early life is not extensively documented, but it is known that he was born in the UK.
He graduated from Oxford University, where he earned a degree in Philosophy, Politics, and Economics.
Marshall started his investment career at the merchant bank, Morgan Grenfell.
Early Life & Education
Paul Marshall was born on August 2, 1959, in Ealing, London, England.
He is the son of Alan Marshall, who was the managing director of the Philippine Refining Company (later Unilever Philippines), and Mary Sylvia Clucas. His sister is the journalist Penny Marshall.
Marshall boarded at Merchant Taylors' School in England, where he lived in the Manor of the Rose.
He went on to study at St John's College, Oxford, reading history and modern languages.
Marshall later took an MBA from INSEAD business school in Fontainebleau, France.
Investment & Media
Paul Marshall has a significant presence in the UK media scene. He has given funding to UnHerd, a political news website, and invested £10 million into GB News, a political news and opinion channel.
In 2019, Marshall gave £500,000 to the Conservative Party, and in 2022-23, he invested a further £41 million to stem the company's £42 million loss. He also became the proprietor of The Spectator magazine in September 2024, spending £100 million on the purchase.
Marshall's media investments are substantial, with a total of £151 million invested in GB News and The Spectator.
Spectator £100m Takeover
Sir Paul Marshall is poised to buy The Spectator magazine in a deal worth about £100 million.
The deal is expected to conclude within days, with Marshall's GB News backing and his ownership of the UnHerd website making him a strong candidate.
Marshall has been in exclusive talks with RedBird IMI since last month, and is leading a consortium backed by US billionaire Ken Griffin.
RedBird IMI acquired the Telegraph Media Group, including the Spectator, last year, but was forced to put the businesses back on the market after the UK Government blocked foreign states from owning UK newspaper assets.

Marshall is one of about four prospective buyers in the running, with others including former chancellor Nadhim Zahawi and a group of billionaire backers.
The sale of the Daily and Sunday Telegraph is being run separately, with a second round of bidding taking place this week.
Marshall's £100 million bid is a significant investment, and follows his previous funding of the Conservative Party and right-leaning media outlets.
The deal is likely to have a significant impact on the UK media landscape, with Marshall's backing of GB News and UnHerd already making him a key player.
Marshall has also been linked to an anonymous Twitter account that liked tweets suggesting "mass expulsions" of immigrants, although he has since removed the tweets and likes from his account.
Genuinely Independent Thinking
GB News claims to provide a space for genuinely independent thinking, but the truth is more complex.
Marshall, the network's CEO, seems to share the opposition to net zero and support for more fossil fuel extraction expressed by some of its presenters.
In July, Marshall shared a post from Reform UK Leader Richard Tice, claiming that fossil fuel resources are essential to Europe's energy security and that the UK could benefit from them.
However, the UK government's failure to implement green reforms has added an estimated £2.5 billion to domestic energy bills due to rising costs of fossil fuels and poor energy efficiency in homes.
A reliance on gas has also cost the UK an additional £50-60 billion since Russia's invasion of Ukraine in February 2022, equivalent to around £1,000 for every adult.
The Alliance for Responsible Citizenship event, where Marshall spoke, featured fossil fuel companies alongside major religious right groups, raising questions about the network's true commitment to independent thinking.
Ian Wace Bio, Returns, AUM, NW
Ian Wace is a British financier and co-founder of Marshall Wace Asset Management. He's a remarkable example of someone who achieved success without a college degree.
Wace's success can be measured by his spot on Institutional Investor's Rich List, where he's listed as "perhaps the only person without a college degree to ever qualify." This is a testament to his hard work and dedication to the finance industry.

Marshall Wace LLP, the firm co-founded by Wace and Paul Marshall, is a registered investment advisory firm. In their most recent 13F filing, the firm reported managing $65.67 billion in 13F securities.
Here are some key facts about Ian Wace:
Philanthropy
Paul Marshall is a generous philanthropist who has made a significant impact through his charitable donations.
In 2019, he donated £106.8 million to charitable causes, a staggering amount that puts his philanthropic efforts into perspective.
Marshall's commitment to philanthropy is evident in the Sunday Times Giving List, where he was listed as the fourth-highest donor in 2023, donating 8.36% of his wealth.
Frequently Asked Questions
How much is Paul Marshall worth?
Sir Paul Marshall's estimated net worth is £875m. He is a lesser-known figure outside the financial and political worlds.
Who is buying the spectator?
Sir Paul Marshall is buying the Spectator magazine for £100m. He is also the backer of GB News, aiming to control a significant part of the UK's conservative and right-wing media outlets.
Sources
- https://en.wikipedia.org/wiki/Paul_Marshall_(investor)
- https://www.theguardian.com/media/article/2024/sep/03/gb-news-paul-marshall-buy-spectator-telegraph-redbird-imi
- https://www.desmog.com/2023/10/30/gb-news-owner-hedge-fund-paul-marshall-wace-fossil-fuel-investments/
- https://www.insidermonkey.com/hedge-fund/marshall+wace+llp/468/
- https://uk.news.yahoo.com/sir-paul-marshall-nears-100m-132227081.html
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