On Friday, September 6, 2024, racing world legend Richard Morecombe who was also known as Racing Richard, passed away unexpectedly. The news of his demise came as a huge blow not only to the racing community but also to the investment sector as he was also the co-founder of a corporate broker firm “Numis”. According to the reports, Numis Co-founder Richard Morecombe was 60 years of age at the time of his passing. Since Richard Morecombe died unexpectedly and untimely, people became keen to learn what happened to him. In addition, his sudden demise also brought people’s attention to his extravagant net worth and multiple ventures that added to his fortune. If you are also seeking details about Richard Morecombe’s businesses and net worth, then this article is for you. Here we have shared all the imperative details that you need to know about him. Scroll down the page.
Earlier this year in January, Richard Morecombe took over as president and head of origination and business development at Panmure Liberum. Moreover, he was also the president of the recently merged investment bank Panmure Liberum. Therefore, the investment bank also expressed its grief and extended its condolences after Richard Morecombe’s death. It stated Richard Morecombe was a dear colleague and friend who had a great sense of humor and zest for life. Furthermore, he always strove for the best in everything he was involved with and was a constant source of energy and inspiration.
Not to mention, Richard Morecombe who was also a local racing star, had majorly worked in the broking sector which has been an integral part of England’s financial sector for decades. Notably, Richard Morecombe’s organization Numis also became one of the corporate brokers to UK Plc. It was ranked number 1 before it was taken over by Deutsche Bank in 2023. At his co-founded investment broker firm Numis, Richard Morecombe worked for around a decade, serving in various posts such as head of UK equities. In 2008, Richard Morecombe left Numis to start his boutique broker, “Whiteman Howard,” where he worked as CEO. In 2020, Panmure Gordon took over Whiteman Howard, and eventually, Richard Morecombe became the president and head of equities at Panmure Gordon. Until its merge, Richard Morecombe worked there for four years.
Besides primarily being involved in the investment broker sector, Richard Morecombe was also a racing star. He started racing in the early 2010s, and his deep passion for the sport quickly propelled him into the spotlight. Initially, he participated in the local racing leagues. In racing, Richard Morecombe got a break when he transitioned to professional racing circuits to show his skills in various competitions to earn widespread recognition for his racing performances. In his racing career, Richard Morecombe participated in various prolific racing events including the International GT Challenge and the European Racing Series. Beyond mere driving, Morecombe was also known for his strategic approach to professional racing circuits which is very crucial in this sport to finish in the top places. Richard Morecombe’s achievements in the racing field include major racing events victories and multiple championships.
Speaking about Richard Morecombe’s net worth and income, it is said that he used to make between $1.5 million and $2 million annually from his racing profession. However, his major source of income was his ventures in the financial investment broker sector. Besides this, he also used to endorse various automotive brands, sportswear brands, and other commercial companies, adding a substantial amount to his fortune. As of 2024, Richard Morecombe’s net worth is estimated at $8 million. Stay tuned to this website for more information and further updates.
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