By Jonathan Isaby
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It was announced yesterday - to coincide with the Conservative Summer Party which took place last night and of which his wife, Fiona, was chairman - that Peter Cruddas has been appointed as Conservative Party Co-Treasurer.
He will work alongside the Party Treasurer, Lord Fink.
The founder of internet securities dealer CMC Markets, he is a self-made man who is involved in a number of charities, including the Prince’s Trust, the Duke of Edinburgh Award and Great Ormond Street Hospital.
He also remains a Trustee of the Peter Cruddas Foundation, which he launched in 2005 to benefit disadvantaged and disengaged young people in British society. It has already donated £15 million to 60 organisations.
Additionally, Cruddas has recently served with distinction as Co-Treasurer of the No2AV Campaign.
Today's Daily Mail reports that as the son of a meat porter in the East End, he left school at fifteen, yet has gone on to become Britain's fifteenth richest man.