How Plymouth Argyle’s owner Simon Hallett created a net worth of £66m
Since taking over as Plymouth Argyle’s majority stakeholder in 2018, Simon Hallett has seen the team’s growth both on and off the pitch.
Even though Home Park and all of the football facilities surrounding the club have recently seen a lot of renovations, the players have been performing well on the pitch, moving up from the fourth division to the second.
The Pilgrims are hoping Wayne Rooney can lead them to victory in 24/25 and build on their first appearance in the English Football League’s top division after barely surviving in the Championship the previous season.
For Hallett, the long-term plan to become a club competing for Premier League football continues, but how did the current Argyle owner make his millions?
How Plymouth Argyle owner Simon Hallett made his fortune
Born and reared in the city, Hallett attended Oxford University in the 1970s, earning a degree in Economics, Politics, and Philosophy before travelling abroad to earn his fortune.
Positions at an American corporationHe began to advance in the business sector under Harding Loevner, first as Global Equity Portfolio Manager in 1991 and then as Vice President of the organisation.
Harding Loevner, who has worked for the company for thirty years, has seen it grow, and he today owns more than $80 billion in stocks, including shares in multinational corporations like Facebook and PayPal.
Hallett previously worked for Midland Bank and Jardine Fleming Investment Management, where he was based in Hong Kong, before coming to the United States.
The Money Maze Podcast claims that Hallett assisted the fledgling company in becoming the largest asset manager in Hong Kong, which resulted in its 2000 sale to JPMorgan Chase.
Plymouth Argyle owner Simon Hallett’s net worth
In 2018, Hallett became the main shareholder of his favourite Greens after investing £3.25 million in Argyle. This let the American billionaire to own 64% of the football team he had grown up supporting.
In July 2023, he agreed to purchase an additional 3.3 million shares from departing investors Argyle Green LLC, increasing that holding to 87%.
| Plymouth Argyle seasons under Simon Hallett’s ownership (Transfermarkt) | ||
|---|---|---|
| Season | Division | League Position |
| 2018/19 | League One | 21st (Relegated) |
| 2019/20 | League Two | 3rd (Promoted) |
| 2020/21 | League One | 18th |
| 2021/22 | League One | 7th |
| 2022/23 | League One | 1st (Promoted) |
| 2023/24 | Championship | 21st |
With a reported net worth of around £66 million, the Pilgrims’ owner has stated his intention to make the team a contender for a spot in the top division by 2028. If they are to meet that target, additional funding from outside sources will probably be required in the years to follow.
Hallett has spent a large portion of his career as a clever investor, so he knows what it takes to make a plan work. His management style of Argyle has demonstrated this in recent years, as the team has been improving year after year while staying within their means.
The Greens manager is still looking for someone who is willing to contribute more money to the football team in order to enable them to compete with the wealth of the Championship, as their transfer budget is currently far smaller than that of many of their divisional rivals.
Even if Hallett has a sizable fortune of his own, it is little compared to some of those in the Championship, let alone the Premier League. The businessman is always looking for ways to aid the team he dedicates his life to achieve its goals.
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