John Patrick “J. P.” McManus was an Irish businessman and racehorse owner. He was one of the biggest shareholders of Manchester United. J. P. McManus was born on March 10, 1951, in Limerick, Ireland. His career spanned the years 1980 through 2010. At a young age, this Irish businessman who made his fortune through thoroughbred racing was captivated by horses.
He enjoyed watching the greyhound races held at Market Field in Limerick. JP began wagering on horses for the first time at Alf Hogan’s in Limerick, Ireland. JP McManus longs for the days when his life revolved around horse racing and bookmaking, despite the fact that racing is now merely a hobby for him. With almost 550 horses in training, the Irishman is the leading owner in National Hunt racing.
J. P. McManus Net Worth
McManus is one of the wealthiest and most popular businesspeople in the world. According to Wikipedia, Forbes, and Business Insider, J. P. McManus’ current net worth is just over €2.1 billion, and he purchased Adare Manor in 2015 for an estimated €30 million. Also included in the list of notable Irish-born celebrities.
Early Life & Education
John Patrick “JP” McManus, a multimillionaire who was born and raised in Ireland, had a very modest upbringing. He was born in Limerick on March 10, 1951. His father had a farm and a construction equipment rental business. In Limerick, he attended the Christian Brothers School on Sexton Street. After completing his studies, JP began working for his father. He learned how to operate a bulldozer and milk cows, but he recognized it was not his passion.
Professional Life of The Irish Hero
McManus began his business career at his family’s construction equipment rental company before becoming a bookmaker at Markets Field. Soon after, he became an on-course bookmaker at the Market’s Field greyhound racecourse in Limerick and discovered his passion. This inspired him to become a horse owner, and in 1982 he purchased his first horse. In 1982, McManus’s first winner at the Cheltenham Festival was a horse named Mister Donovan.
In addition to his occupation as a racehorse owner, McManus operates a little office in Geneva, Switzerland for a private foreign currency trading business that has considerably contributed to his wealth. The majority of his time is spent in Geneva, which also serves as his official residence.
It is well-known that he formed a company with Celtic owner Dermot Desmond and John Magnier, who was termed “The Boss” of the business. He is also well-known for losing millions of dollars in gambling and won $17.4 million in 2012 by gambling in the United States, and he has also made millions betting on horses.
McManus also conducts a lucrative pro-am tournament every five years and will be included at the Ryder Cup’s new venue in 2019. Tiger Woods, Ernie Els, Dustin Johnson, and Rory McIlroy are just some of the famous golfers who have played in the tournament.
McManus was diagnosed with cancer in late 2008. He continues to be in remission after receiving treatment in the United States. In his hometown of Limerick, McManus is a fervent volunteer for charitable causes.
JP McManus Spouse – Noreen McManus
John Patrick McManus is married to Noreen, a former mental health nurse. They have three children and also have four grandchildren. The importance of family to John Patrick “JP” McManus cannot be overstated. The only thing he desires is for his wife, Noreen, his children, and his grandchildren to be happy and healthy. He would love nothing more than to spend a great deal of quality time with them all.
In 1996, McManus established the J. P. McManus Scholarship Award, which provides €6,750 a year to eight students from his former secondary school, C.B.S. Sexton Street in Limerick, for third-level education. Additionally, he organizes the J. P. McManus Invitation Pro-Am golf tournament to benefit Limerick organizations. In addition, McManus donated almost €1 million to the Daughters of Charity Foundation in July 2012.