Gold Fortune Built On a Scrap of Paper (Now Probably Lost) ; How a Gentleman's Agreement Led Peter Hambro to Pounds 250 Million Riches the Interview

Mail on Sunday › February 27, 2011

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Summary

Peter Hambro was 12 when he pulled off his first precious metals deal. After recovering from breaking his leg in a skiing accident, the surgeon presented him with the platinum used to hold the bones together. Unlike other boys of that age, Hambro did not put it in a jar or show it off in the playground. Instead, he went straight to his father at the Samuel Montagu merchant bank and asked to sell it.

He now runs one of the country's biggest gold producers, Petropavlovsk, amassing an estimated Pounds 250 million fortune along the way.

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Gold Fortune Built On a Scrap of Paper (Now Probably Lost) ; How a Gentleman's Agreement Led Peter Hambro to Pounds 250 Million Riches the Interview

Not that such huge wealth has insulated the 66-year-old scion of the Hambro banking dynasty from some nasty knocks over the past year. Shares in Petropavlovsk suffered a drubbing a couple of times in 2010 when the company abrup...

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