Julian Richer

Julian Richer (born 1959) is an English retail entrepreneur, philanthropist and author, best known as the founder of Richer Sounds, the UK's largest hi-fi retailer.

Richer has gained a reputation for his motivational style of management and his philanthropic and charitable activities.

Richer was born in St Thomas' Hospital, London, in 1959.

He was at UCS Junior School from 1968 to 1972 before becoming a boarder at Clifton College in Bristol between 1972 and 1977, thanks to a bequest from his grandfather.

His parents both worked for Marks & Spencer before going on to work for themselves.

His father, Percy, later qualified as a solicitor when he was 50.

Richer's business career started at the age of 14 while he was still at school at Clifton College, Bristol, and he opened his first shop near London Bridge aged 19.

This store in south London holds the Guinness record for the highest sales per square foot of any retail outlet in the world.

Richer in the past advised some organisations including Asda on staff motivation, customer service, cultural change, communications and suggestion schemes.

He was made the youngest ever Business Communicator of the Year for 1995.

He has been awarded honorary doctorates by Kingston University and Bournemouth University in 2002, University of York and Open University in 2023.

Richer was appointed as a Lieutenant of the Royal Victorian Order (LVO) in 2007.

Richer founded ACTS435, which was launched in December 2009 by the Archbishop of York, Dr John Sentamu, who remains a patron.

Acts435 connects people in need with people who can donate.

ACTS435 operates from some 600 locations, mostly churches but also Citizens Advice branches and debt counselling centres.

Christians Against Poverty and The Trussell Trust are key partners.

Well over thirty thousand people have benefited from the charity (as of May 2021).

The charity allows people to give directly to those in need.

This means that 100% of funds raised by Acts435 goes to the recipients.

In November 2013, Richer announced to the press that he would bequeath 100% of the firm to a trust co-owned by employees of the company.

He founded the charity ASB Help in autumn 2013 which supports victims of anti-social behaviour.

Baroness Newlove, Victims’ Commissioner, endorsed ASB Help soon after, commenting “I am delighted that ASB Help has launched this service to help equip victims in the fight against anti-social behaviour." The charity’s website provides interactive guides, practical information and the necessary tools on how to effectively report anti-social behaviour. it helps in between two and four thousand people per week.

He founded Richer Unsigned, a not-for-profit designed to promote the best undiscovered music the UK has to offer.

Richer Unsigned supports and promotes musicians who may just be getting started, who have been in the industry a while or simply don't have a great label deal.

It currently has over 3,000 artists featured on its website.

In March 2018 Marks & Spencer announced that he was advising them on cultural change.

In 2018 he founded TaxWatch which launched in October, dedicated to the research and exposure of aggressive tax avoiding corporations.

TaxWatch has been cited by several newspapers, including The Times, The Financial Times, The Guardian, The Daily Telegraph and many others as well as Parliament with regard to corporate tax avoidance, including high profile investigations into tech, media and retail companies.

According to the Sunday Times Rich List in 2019, Richer is worth £160 million.

In May 2019 Richer, then aged 60, announced that he had transferred ownership to employees by passing 60% of his shares to a trust, as well as separately paying each employee, excluding directors, a thank you bonus of £1,000 for every year of work from his own pocket to his 500+ employees who had worked an average of 8 years each (circa £4 million).

In 2019, Richer was awarded the 'Outstanding Contribution to Retail' award by Retail Week magazine.

In November 2019 it was reported in the Sunday Telegraph that he was launching and funding the Good Business Charter to encourage businesses to improve their behaviour, which was confirmed by Carolyn Fairbairn in a speech at the CBI's annual conference the following day.

In 2020, What Hi-Fi?, the world’s #1 tech buyer’s guide, gave Richer their Outstanding Contribution award, stating “The man behind Richer Sounds, and much more, has made an undeniably positive mark on the UK hi-fi industry.”

In 2022, Richer wrote a series of 31 articles for The Sunday Times in the business section, under the title "Julian Richer Sound Advice".

15% of the profits from Richer Sounds are donated to charities.

Richer has a particular interest in supporting charities involved with human rights, animal welfare, social housing deprivation and generally fighting injustice.

It was also included in International Tax Review’s 2020-2021 Global Tax 50.

International Tax Review’s Global Tax 50 is an annual list of “the most influential figures and events in fiscal policy over the past year.” The list also seeks to recognise “who and what will be particularly important” in the coming year.

In their article about TaxWatch ITR noted, “TaxWatch has existed for just over two years but, in that time, it has made a big name for itself.”

It was launched on 3 February 2020.