Billionaire Pretty Little Thing founder Umar Kamani has sold his stake in the company to his father's firm in a deal worth nearly £324 million.Mahmud Kamani, owner of online fashion retailer Boohoo, snapped up the remaining 34 per cent of shares in his son's business today for £269.8m.This sum could rise by another £54m if the deal can help Boohoo shares hit 491p a share for a six-month period at some point over the next four years.Umar Kamani posted an image with girlfriend Nada Adelle in Dubai at the start of lockdownPopular girl band Little Mix, pictured, launched a Pretty Little Thing collection last yearIt comes just days after a 53-page report was published by Shadowfall, which bets on share prices falling, alleging that Boohoo had provided Love Island stars such as Molly-Mae Hague and girl band Little Mix are among the celebrities to have publicly endorsed the Pretty Little Thing brand in recent years, with other celebrities including Kylie Jenner, Khloe Kardashian, Nicole Scherzinger and Paris Hilton also seen wearing the label.Billionaire Pretty Little Thing founder Umar Kamani, pictured left, has sold his stake in the company to Boohoo, owned by his father Mahmud Kamani, pictured right, in a deal worth nearly £324 millionUmar Kamani CEO & Founder PrettyLittleThing.com posted this image on his instagram page of him on his Rolls-Royce Dawn in Beverly HillsMr Kamani often posts pictures of him travelling around the world, including here in a trip to Paris Love Island stars such as Molly-Mae Hague, pictured, are among the celebrities to have publicly endorsed the Pretty Little Thing brand in recent years.His wealth has allowed him to buy a fleet of cars, including two Rolls-Royce Phantoms, a £300,000 Lamborghini Aventador, a £92,000 customised G-Class Mercedes and a high-end Range Rover. He also has two younger brother named Adam Kamani and Jalal Kamni. However, the estimated net worth vary depending on the sources. 'There were 19 of us at home,' he shrugs. 'While Mahmud may not have wanted to spoil his children, he did help Kamani set up PLT with a multi-million pound gift. It has helped 32-year-old Umar Kamani, regularly seen enjoying a luxurious lifestyle on Instagram, develop a personal wealth of more than £1 billion.Now that's rags to riches! 'All those things he drilled into us have been worth it for me and my brothers – none of us put our feet up, ever. Chairman at boohoo group Plc. 'I want to keep moving forward,' he says. My Indian Tribe Day 2 #KamaniEverAfter. What is the salary of Mr Kamani? Subtlety, it seems, has no place here, in the headquarters for what has swiftly become a global retail phenomenon. Net worth: £1 billion (May 2018) Children: 3, including Umar Kamani and Adam Kamani: Parent(s) Abdullah Kamani: Mahmud Abdullah Kamani (born August 1964) is a British billionaire businessman, the co-founder of and joint CEO of Boohoo.com Early life. I want to be an inspiration for young people, to give them dreams and ambition, so I have a responsibility to behave properly.
Umar Kamani is a Entrepreneur from Manchester, England. Umar Kamani (born 21 March 1988) is an English fashion retailer and businessman. Mahmud Abdullah Kamani Net Worth Mr. Mahmud Abdullah Kamani biography. Umar Kamani is an English businessman and fashion retailer best known for co-founding “PrettyLittleThing.com”. But Mahmud was determined his children should not be spoiled – and made sure to instil a strong work ethic in Umar and his younger brothers, Adam and Samir. Mahmud Abdullah Kamani is the Co-Founder & Group Exec. 'Then I told my parents that graduation day was when I knew they would be away. His father Abdullah Kamani left Kenya in the 1960s, and moved to north-west England with his wife and four children. At 24, Kamani and his brother Adam co-founded a fashion firm and online retail company selling clothing and other items to women mainly aged between 12 and 25, "PrettyLittleThing.com."
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