Who Is Michael Spencer? Age, Biography, and Wiki
Michael Spencer, born on May 30, 1955, is a renowned British businessman known for his significant influence in the financial services sector. As of 2025, he is 69 years old. Spencer founded ICAP, a leading intermediary and provider of market data to global financial institutions. Over the decades, he has built a reputation as a savvy entrepreneur and philanthropist, leaving a lasting impact on both the business world and his community.
| Occupation | Technology |
|---|---|
| Date of Birth | May 30, 1955 |
| Age | 70 Years |
| Birth Place | Kuala Lumpur, British Malaya |
| Horoscope | Gemini |
| Country |
Popularity
Michael Spencer's Popularity over time
Height, Weight & Measurements
Specific measurements for Michael Spencer are not widely publicized, but it's known that he maintains an active lifestyle typical of successful entrepreneurs. As physical appearance details often take a backseat in the public eye, one can infer that his robust health has played a role in his dedication to his business pursuits.
Family, Dating & Relationship Status
Regarding his personal life, Michael Spencer has usually kept a low profile. As of 2025, he is reportedly in a relationship, although details about his boyfriend have not been explicitly disclosed. Throughout his career, Spencer has balanced his business responsibilities with his personal life, focusing on building lasting relationships with family and friends.
His father was an economist and international civil servant, his mother a linguist. During Spencer's early childhood, his family moved from his birth country to Sudan and then Ethiopia. Aged eight, he was sent to England to board, latterly at Worth School in Sussex. He read physics at Corpus Christi College, Oxford.
Net Worth and Salary
Michael Spencer's net worth in 2025 is estimated to be in the range of hundreds of millions, reflecting his successful ventures in the financial industry. His income primarily stems from his impactful role at ICAP and other investments, ensuring that he continues to thrive financially, even as he approaches his seventh decade.
In March 2018, NEX announced an approach by CME Group further to a proposed acquisition. CME Group offered £3.8bn in a cash-and-share deal, valuing Spencer's stake at approximately £668m.
By the time the deal was completed in November 2018, Spencer's stake had grown to over £700m, half of which he received in cash, raising his net worth to over £1bn. As a listed company, NEX's total shareholder return was close to 6,000 per cent. Spencer was a CME Group Board Member and Special Advisor until 2019.
Career, Business, and Investments
Spencer's career began in the brokerage industry, but he rose to prominence with the founding of ICAP in the late 20th century. Under his leadership, the company transformed into a leading global brokerage firm, setting standards in the financial market. Spencer has also been involved in various investment projects, leveraging his expertise to expand his business portfolio beyond traditional brokerage services.
Not content with just business, Spencer has embraced philanthropy, promoting various charitable causes, particularly in the fields of education and social welfare.
In 1976, he joined city broker Simon and Coates. In 1981, he joined Drexel Burnham, rising to Vice President before being fired for trading errors. From 1983 to 1986 he was a Director at futures firm Charles Fulton; when that firm floated, Spencer used £50,000 from his proceeds to co-found his first business, along with three colleagues.
Social Network
Michael Spencer maintains a presence on various social media platforms, engaging with a wide audience interested in finance and philanthropy. While his social network is largely professional, he occasionally shares insights into his personal life and business philosophy, inviting followers to learn more about the intersections of entrepreneurship and personal development.
Michael Alan Spencer, Baron Spencer of Alresford (born 30 May 1955), sometimes known as "Spence", is a British billionaire businessman and philanthropist. He is the founder of NEX Group, a UK-based business focused on electronic markets and post-trade business which was acquired by CME Group in November 2018.
NEX Group was formerly known as ICAP, until the sale of its voice-broking business to Tullett Prebon in December 2016.
Education
Michael Spencer attended the University of Oxford, where he graduated with a degree in Philosophy, Politics, and Economics (PPE). This educational background has played a crucial role in shaping his analytical skills and strategic thinking, which he employed effectively in his business endeavors.
