The Jack Petchey Foundation reflects on the life of the late entrepreneur from Manor Park whose philanthropy touched the lives of over a million young people
Sir Jack Petchey CBE was one of the UK’s most successful businessmen, with entrepreneurial ventures spanning travel, property and investments. From humble beginnings, Sir Jack was born in 1925 to poor working-class parents in Plaistow and grew up in Manor Park. Despite leaving school at 13 with no qualifications, he had already begun to demonstrate some entrepreneurial skills in working for the local greengrocer at the top of Goldsmith Avenue.
When the Second World War broke out in 1939, Sir Jack enlisted as a Police Messenger in East Ham and joined the Auxiliary Fire Service two years later as a motorcycle messenger. In 1943, he volunteered for service in the Royal Navy, joining the training ship HMS Collingwood.
Sir Jack did his first property ‘deal’ in 1948 when he purchased his mother’s house from her landlord for £800. He immediately sold the house for £1,200 and moved the family into plusher premises in Manor Park. The new house doubled as an office, which was fitting given Sir Jack’s habit at the time of sleeping behind the front desk so as not to lose any passing trade. In 1969, Sir Jack found a site near Albufeira, Portugal, and was, with the help of outside investors, the inspiration behind Clube Praia da Oura. It became one of the most popular mixed-use leisure developments in Europe and he took much pride in visiting every month. He supported a local orphanage and later introduced a charitable foundation in the Algarve.
The success of these companies, combined with some shrewd investors and investments along the way, enabled Sir Jack to be the driving force behind what has become a multimillion-pound empire. He appeared in the top lists of the UK’s most successful business people and his work ethic meant that, aged 93, he still came to the office every day. However, it was his dedication to philanthropy and a fundamental belief in the need to support young people that will be at the forefront of many people’s minds.
The Jack Petchey Foundation was established as a charity in 1999 and has invested over £170m in grants to support youth projects across London and Essex. Sir Jack strongly believed that, despite the problems and challenges young people face, focusing on these creates a negative spiral. By rewarding success and helping young people feel positive about themselves, he was convinced they would have the inspiration to reach their full potential. The projects his foundation has funded, which will continue in his name, have proved he was right in that belief time and again.
Sir Jack Petchey, entrepreneur, visionary and philanthropist died on 27 June 2024, aged 98 – or as he would say, almost 99!
For more information on the Jack Petchey Foundation, visit wnstd.com/petchey