Nick Jones Soho House Net Worth and Businesses: Have Nick Jones and Kirsty Young Split?

 

Nick Jones is the owner of the Babington House hotel ( Source : Discovery )

Nick Jones owns 6% of Soho House with an estimated net worth of £2.5 billion.

He has made great progress since his first venture into managing hospitality enterprises, the Over the Top series of restaurants, in the 1980s.

Nick Jones is the founder & CEO of Soho House. In 1995, he created the first site above Cafe Boheme as a members-only club for the city's actors and artists. Soho House is a private members club with 33 Houses currently operating in 14 nations.  

Nick has also taken Soho House outside of the UK. He opened clubs in West Hollywood, Miami's Soho Beach House, and Berlin in 2010. In 2008, he inaugurated Cecconi's location in Hollywood.

In 2021, 25 years after building the first site, Nick decided to go public with Soho House on the NASDAQ. In recognition of his contributions to the hospitality sector, Nick was named a Member of the Order of the British Empire (MBE) in 2017.

Quick Facts

Full NameNicholas Keith Arthur Jones
ProfessionRestaurateur and club proprietor
Known ForSoho House
Birth Date22 September 1963
Age58 years old
Birth PlaceCobham, Surrey
Marital StatusMarried
WifeKristy Young
Children4
Zodiac SignVirgo
NationalityEnglish

Nick Jones Soho House Net Worth 

According to Evening Standard, a Soho House global membership costs £2,500. Around £2.5 billion is the estimated market worth of Soho House, and Nick Jones owns 6% of it.

Even though the business went public, the remaining shares are owned by American billionaire Ron Burkle and restaurateur Richard Caring, according to the same source. In 2008, Richard Caring and 28 minor investors in Soho House agreed on a leveraged buyout, with Caring receiving 80% for £105 million and Jones keeping the remaining 20% as CEO. However, 2013 marked the end of a five-year contract between the parties. 

The first Soho House opened in 1995 above Jones's Café Boheme restaurant on Greek Street in Soho, becoming the successful follow-up to his disastrous Over The Top business.

Nick Jones is the founder of Soho House
Nick Jones is the founder of Soho House ( Source : wwd )

A small door around the corner entered the townhouse rooms above the restaurant, and the club was established as a hideout for the creatives and actors that frequented the establishment at the time.

Since 2004, Soho House has introduced Soho Work outposts, Soho Farmhouse, and members' clubs across the globe in Europe, Asia, and North America. You can purchase the brand's furniture, fixtures, and fittings online at Soho Home, which has a social media app.

Nick Jones Chains Of Restaurants

Six London restaurants are included in Nick's current portfolio. They are Electric Brasserie, Balham Kitchen & Bar, Barcelona, Boheme Kitchen & Bar, Café Boheme, and so on.

At the Hyde Park Hotel, he oversaw the back of the house. Before deciding to strike out on his own at 22, he worked his way up to marketing manager at the Grosvenor House Hotel on Park Lane.

He founded Over The Top, a small chain of London restaurants with a pick-and-mix menu of meats and sauces, with finance from relatives and the Midland Bank. The bank sought to withdraw the funds after a few years because it was unhappy with the outcomes.

The bank gave Jones one final chance in 1995, closing two eateries while renovating the third, adding French cuisine to what would eventually become Cafe Boheme on Old Compton Street.

A sizable empty space was located above the restaurant, which gave Jones a thought. At the height of the Cool Britannia trend, which Britpop powered, Soho was teeming with artists who worked in the neighborhood media. But they didn't have anywhere of their own to socialize other than the neighborhood pubs.

Jones expanded the company to have locations outside of his West End neighborhood. The posh members' club/country house hotel in the Cotswolds, Soho Farmhouse, is now part of his portfolio and is only a short drive from his home in Oxford.

Some of London's hippest restaurant brands, such as Chicken Shop and Electric Diner, as well as the coworking space Soho Works, are in his portfolio.

Rise To Success

Jones' ascent is a fascinating one. He is infamously anti-technology, gleefully revealing that he has never used a laptop and only makes calls on his phone. His early days in business were not exactly easy.

His restaurant company, Over The Top, which in his opinion was not good, evolved into Soho House. After receiving assistance from Paul Raymond, the late founder of Soho Estates, he finally broke through in 1995.

Jones received a loan from Raymond to build the first Soho House on Greek Street. The company has long been heavily indebted. In 2020, its negative cash flow was $235 million (£169.6 million). Revenues decreased from $642 million (£463.3 million) in 2019 to $384 million (£277.1 million).

Nick Jones at 180 Strand in London
Nick Jones at 180 Strand in London ( Source : telegraph )

He opened the Balham Kitchen & Bar, Soho House New York, and the Cowshed spa and private members' club in 2003. In early 2004, he took over the day-to-day management of the Mayfair restaurant Cecconi's, which was later reopened in late 2005 following a comprehensive renovation.

The debut of Soho Home, a variation of Jones' present business that allowed visitors also to buy the furniture in the residence they were staying in, was announced in 2016.

The simple queries made by visitors staying at Soho House venues for the sources of their furnishings served as the motivation for this new venture. Jones decided to market them as individual products as more and more goods were produced in-house.

His Hotels Are Popular Celebrity Wedding Venues 

Babington House must rank as one of the most well-liked celebrity wedding locations EVER, with couples like James Corden and Fatboy Slim exchanging vows there.

In the 1990s, Soho House in London established the benchmark for private members' clubs. Babington House in Somerset defied the predictions of detractors who held that a private members' club couldn't exist outside of London. The decision to open the restaurant to the public at Babington was brilliant.

Babington is their super cool country hangout in lovely Somerset. It is a member of the incredibly exclusive Soho House group, which operates exclusive member clubs worldwide.

Nick Jones was Hotelier of the Year 2015
Nick Jones was Hotelier of the Year 2015 ( Source : thecaterer )

The 18-acre property includes a Georgian home, a private chapel, a Cowshed spa, indoor and outdoor swimming pools, a lake, tennis courts, a croquet area, and a private theater.

The 33 exquisite guest rooms, as well as the library, bar, restaurant, and orangery, are all yours to utilize for your wedding on an exclusive basis.

Babington provides all the country glam you need and is only two hours from London, making it ideal for city dwellers. If you genuinely want to live like a celebrity, you can arrive by helicopter.

Early Life  

His father was a broker in insurance. Jones, the third of four children, was raised in Cobham, Surrey. He was taken to boarding school when he was seven. 

He admits that he didn't do well in school and attributes some of this to his dyslexia. He had chosen a career in catering by the time he finished high school at 17.

Jones enrolled in the Trusthouse Forte training program in 1980 after finishing high school. Before departing to start an unsuccessful restaurant chain named Over the Top, he worked for the company for eight years, rising to the position of marketing manager at the Grosvenor House hotel in Park Lane, London.

He opened Café Boheme in London's Soho in 1992 before opening the Soho House Club above the eatery three years later. The club immediately established itself as the media and creative crowd's favorite hangout in town.

Have Nick Jones and Kirsty Young Split?

Nick Jones and Kristy Young are still together and enjoying their marriage. According to the Daily Mail, the couple wed in a sentimental ceremony in September 1999 in the chapel at Babington House, adorned with hundreds of small candles.

A year earlier, in September 1998, the pair had their initial encounter at the Georgian manor.

The Scottish TV host has been working since the 1990s and has directed popular shows for the BBC, Channel 5, and Radio 4.

Due primarily to her work on the acclaimed series Desert Island Discs and the popular television program Crimewatch, Kirsty is one of the UK's most recognizable presenters and voices.

Nick Jones and Kristy Young first met in 1998
Nick Jones and Kristy Young first met in 1998 ( Source : hellomagazine )

The former radio and television personality and her husband Nick spent £1.55 million on the remote Loch Lomond island of Inchconnachan, known for its wallabies, in January 2022, according to The Scottish Sun.

The pair has applied for approval to turn the 103-acre scenic area into a "world-class location." The old abandoned lodge would be replaced with a three-bedroom, two-story timber lodge, a boathouse, a boat shelter, and various structures.

It is understood that they would use the temporary accommodations for personal purposes. Additionally, they plan to build temporary jetties and walkways through natural wet woodland.

Nick Jones' Wife Is Diagnosed With Fibromyalgia 

To get therapy for a specific type of fibromyalgia in 2018, Kristy Young withdrew from Desert Island Discs for a while.

There is a pain in every part of the body when someone has fibromyalgia. People with chronic illnesses have severe physical pain, exhaustion, sleep problems, memory loss, and mood swings.

After a lengthy absence, Kirsty has suddenly been greeted with open arms. The celebrity is working for the first time after taking a hiatus in 2018 due to "severe and relentless" pain from rheumatoid arthritis and fibromyalgia.

Kirsty revealed that the discomfort was so severe that she could not lift a water bottle. In 2018, she received a rheumatoid arthritis diagnosis, which led to the onset of her secondary fibromyalgia ailment.

Kristy Young was diagnosed with fibromyalgia
Kristy Young was diagnosed with fibromyalgia ( Source : walesonline )

In 1989, Young started working as a continuity announcer for BBC Radio Scotland. She moved to Scottish Television in 1992 to present Scotland Today, where she later launched her own chat show called Kirsty.

To fill in as a presenter for The Time, The Place and participate in the Holiday show, she departed Scotland Today in 1996. She co-hosted the BBC Two consumer program The Street.

Due to her medical issues, Kirsty had to take a break from her job because relaxation is essential for pain relief.

Does Nick Jones & Kristy Young Have Any Children? 

Kristy Young is Nick's second wife. They have two daughters together: Iona and Freya.

A year after their wedding, in February 2000, they had their first child, Freya. Six years later, in 2006, came little sister Iona. Iona turned 16 in April, and Freya turned 22 this year, making her an adult today.

Natasha, 28, and Oliver, 27, are Nick's other two children from his previous marriage to Tania Jones.

Some FAQs

Does Nick Jones still own Soho House?

Nick Jones owns six per cent of Soho House.

Who Is Nick Jones Married To?

Nick Jones is married to famous TV presenter Kristy Young.

How Many Children Does Nick Jones Have?

Nick Jones has four children among which two of them is form his previous marriage.

What is Nick Jones net worth?

Nick Jones's net worth more than 100 millions.

Previous Post Next Post

Contact Form

CLOSE ADS
CLOSE ADS