David Sainsbury, Baron Sainsbury of Turville

David John Sainsbury, Baron Sainsbury of Turville (born 24 October, 1940) is a British businessman, politician and life peer for the Labour Party.

Related Topics:
24 October - 1940 - British - Life peer - Labour Party

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He is the son of Sir Robert Sainsbury and the nephew of Alan John Sainsbury, Lord Sainsbury of Drury Lane. His cousin is the Conservative peer Lord Sainsbury of Preston Candover.

Related Topics:
Sir Robert Sainsbury - Alan John Sainsbury - Lord Sainsbury of Drury Lane - Lord Sainsbury of Preston Candover

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He is estimated to have a personal fortune of billions of pounds, due to his shareholding of his family's Sainsbury supermarket chain (estimated at 13%). He was Chairman of the group from 1992 to 1998 and was Finance Director for the 17 years before that.

Related Topics:
Sainsbury - 1992 - 1998

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He has a BA degree in History and Psychology from King's College, Cambridge and a MBA from Columbia University.

Related Topics:
King's College, Cambridge - Columbia University

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He was a supporter of the Social Democratic Party, and bankrolled it, but moved to the Labour Party following the failure of the SDP to make much progress. He has donated millions of pounds to the Labour Party, and was associated with the Institute of Public Policy Research.

Related Topics:
Social Democratic Party - Labour Party - Institute of Public Policy Research

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He was made a life peer in 1997, following Labour's election victory, and in 1998, was appointed Parliamentary Under-Secretary of State for Science in the House of Lords.

Related Topics:
1997 - House of Lords

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