Have you ever walked into Home Bargains, picked up your favourite biscuits or shampoos at half the price, and wondered – who owns this place?
Meet Tom Morris. He’s not a flashy celebrity or influencer. He’s a quiet man from Liverpool who transformed a small family shop into a £6.3 billion empire. Today, we’ll explore Tom Morris’ net worth in 2025, how he built Home Bargains into a national giant, and why his story is one of Britain’s most inspiring retail journeys.
Quick Biography
Image source: liverpoolworld.uk
| Full Name | Thomas Joseph Morris |
|---|---|
| Date of Birth (Age) | February 1954 (71 years old in 2025) |
| Birthplace | Liverpool, England |
| Nationality | British |
| Profession | Businessman, Retail Entrepreneur |
| Known For | Founder of Home Bargains |
| Marital Status | Married |
| Children | 5 |
| Residence | Liverpool, England |
| Net Worth (2025) | £6.3 billion |
| First Store Opened | 1976 (Home & Bargain) |
| Current Role | Owner & Managing Director, Home Bargains |
Who is Tom Morris?
Image source: liverpoolworld.uk
Tom Morris was born in 1954 in Liverpool. As a boy, he helped out in his dad’s shop, stacking tins and sweeping floors. By 1976, aged just 21, he took his life savings of £10,000 and opened his own store, Home & Bargain.
That small store grew into what we now know as Home Bargains, with over 600 stores across the UK, loved for selling branded products at unbeatable prices.
Tom Morris Net Worth in 2025
According to the Sunday Times Rich List 2025, Tom Morris is worth £6.3 billion.
That makes him one of the Top 5 richest retailers in Britain, richer than many household-name celebrities, and among the Top 300 billionaires globally.
How Did He Make His Money?
Image source: liverpoolworld.uk
Tom’s business strategy is simple but powerful:
- Buy products in bulk directly from manufacturers
- Keep prices as low as possible to attract shoppers
- Avoid spending money on fancy store designs or big ad campaigns
This approach worked wonders. Home Bargains became a favourite for millions of shoppers looking for branded goods at low prices.
Home Bargains: The Numbers Behind His Wealth
Here are the key figures powering Tom Morris’ fortune:
- Annual revenue: £3.8 billion
- Employees: Over 28,000 staff
- Stores: More than 600 across the UK
- Weekly customers: Over 5 million people
In 2024, the company invested £70 million in a new distribution centre in Wiltshire, boosting expansion in southern England.
UK Discount Retail Market in 2025
The UK discount retail market is worth £36 billion in 2025, growing at 5.5% annually until at least 2028. Home Bargains holds an 11% market share, making it one of the biggest discount retailers alongside B&M and Poundland.
Where Does Tom Morris’ Money Come From?
Image source: liverpoolworld.uk
- Main income: Home Bargains retail empire
- Other sources: Property investments and private company shares
Despite his billions, Tom Morris stays out of the spotlight, focusing on expanding his business rather than flaunting his wealth.
What is His Lifestyle Like?
Unlike many billionaires who buy private jets or football clubs, Tom Morris lives a quiet life in Liverpool. His family helps run Home Bargains, keeping it family-owned and rooted in its original values. Employees describe the company culture as friendly, down-to-earth, and honest, reflecting Tom’s personality.
Comparison with Other UK Retail Billionaires
Image source: liverpoolworld.uk
| Name | Net Worth (2025) | Business |
|---|---|---|
| Tom Morris | £6.3 billion | Home Bargains |
| Mike Ashley | £3.5 billion | Frasers Group (Sports Direct) |
| Sir James Dyson | £24 billion | Dyson Ltd |
| Lord Kirkham | £1.5 billion | DFS Founder |
Tom Morris is almost twice as rich as Mike Ashley, although inventors like Sir James Dyson still top the rankings.
What’s Next for Tom Morris and Home Bargains?
Home Bargains has ambitious goals:
- 1,000 stores by 2030
- £5 billion annual revenue by 2028
- Opening 40-50 new stores each year
These targets mean Tom Morris’ net worth is likely to keep growing, further cementing his place among Britain’s richest people.
FAQs
Q1. What is Tom Morris’ net worth in 2025?
A. £6.3 billion, according to The Sunday Times Rich List 2025.
Q2. How did Tom Morris become rich?
A. By founding Home Bargains, keeping prices low, and selling in high volumes.
Q3. How many Home Bargains stores are there?
A. Over 600 across the UK, with a goal of reaching 1,000 by 2030.
Q4. Is Tom Morris richer than Mike Ashley?
A. Yes. Tom Morris’ net worth is nearly double Mike Ashley’s.
Q5. Where does Tom Morris live?
A. In Liverpool, near Home Bargains’ headquarters.
Q6. What makes Home Bargains popular?
A. Low prices on branded goods, simple stores, and a local feel despite national scale.
Q7. What is Home Bargains’ annual revenue?
A. £3.8 billion as of 2025.
Conclusion
Tom Morris proves that you don’t need fame to build an empire. From stacking shelves in Liverpool to leading a £6.3 billion fortune, his story shows that understanding your customers, staying humble, and working hard can create incredible success.
