J Peter Jackson Net Worth 2024: Betting on Global Expansion Earns $68 Million

Jeremy Peter Jackson is a British businessman and the current CEO of Flutter Entertainment, which you may know by its previous name Paddy Power Betfair.

As of 2024, J Peter Jackson’s net worth is estimated at between $30 million and $68 million.

The businessman is rising fast through the ranks of the business world. He stood down as Travelex’s CEO a few years back.

He moved through several companies working in executive positions over the years before he finally landed the highly-paid position of CEO of Flutter Entertainment in January 2018.

Let’s see how Jackson built his fortune and success over the years.

5 Fun Facts About Flutter Entertainment CEO J Peter Jackson

1. First Job: Started working at McKinsey straight out of college.
2. Early CEO Role: Became CEO of Travelex at the age of 34.
3. Board Member: Sits on the board of several tech startups.
4. Public Speaking: Regularly speaks at industry conferences and events.
5. Innovator: Known for implementing innovative strategies in all companies he has led.

J Peter Jackson’s Net Worth Breakdown:

J Peter Jackson’s net worth is difficult to pin down, especially since we don’t know how much of his Flutter Entertainment stake has vested at this point.

Considering that his stake is estimated to be worth over $38.7 million at this point and that he’s already sold a portion of his stock in the company, we’ve managed to create an estimated net worth breakdown that will give you a good idea of what he is worth these days.

Below, you’ll find details on his salary, stock (vested and non-vested), as well as some other earnings and assets that contribute to his wealth.

Even though we’ve set the range at $30 million, to begin with, it is potentially significantly higher considering that this combines his salaries and the Flutter stake he has sold at this point, without including any of his remaining stake in the company.

J Peter Jackson Net Worth: Early Life and Education

Jeremy Peter Jackson was born in Yorkshire, England in October 1975, though the exact date is not publicly disclosed. Jackson graduated from Pembroke College in his hometown Cambridge with a degree in manufacturing engineering in 1999.

The Flutter CEO is married to Emma Jackson with whom he has three children.

J Peter Jackson Net Worth: Climbing the Ranks in the Business World

Jackson started working straight out of school, spending three years at McKinsey before he left the company to pursue other business goals. Let’s see how his career progressed to the point where he became the CEO of Flutter, earning millions every year.

Early Career

After spending three years with McKinsey, J Peter Jackson started working at Halifax Bank of Scotland (HBOS), changing several roles in the company until it was acquired by Lloyds in 2009 after the financial crash and Great Recession.

When the acquisition occurred, J Peter Jackson effectively became the managing director of the Consumer Banking Division of the new business.

During a 2011 interview with the Sunday Times, Jackson shared:

I just didn’t want to work for a big bank forever.

This is how he explained leaving this venture and joining currency exchange company Travelex, where he became the CEO at 34.

Work at Travelex

The first CEO position of J Peter Jackson came about in 2010 when he started working for the foreign exchange company Travelex, a giant in the industry that, at the time was backed by the private equity firm Apax.

He came across a series of challenges after he took on the chief executive officer position at Travelex at a relatively young age. In the same article with Sunday Times, he shared that an interviewee once mistook him for the tea boy.

Even so, his time at Travelex was very successful.

He remained in the CEO position for five years, taking the company through a $1 billion+ sale to BR Shetty, the Abu Dhabi-based Indian tycoon. At the time, Travelex had 1,500 stores and 1,300 ATMs in 27 countries.

Switching Companies

After five years with Travelex, it was time for Jackson to make a change, so he decided to return to banking, this time taking a job as the head of innovation at Banco Santander, replacing Jose Maria Fuster in the role.

He remained with the company until February 2017, a little over a year after his employment, when he left to become the UK CEO of Worldpay, the famed payment brand.

He replaced Dave Hobday in the position, who left the business to head up the RAC.

Fast forward six months and Jackson officially joined Paddy Power Betfair.

Paddy Power Betfair’s New CEO

In September 2015, Paddy Power and its rival platform Betfair merged into the newly-founded business, which was now owned 52% by Paddy Power shareholders and 48% by Betfair shareholders. The merger was made official in February 2016.

In January 2018, J Peter Jackson succeeded Breon Corcoran as CEO of Paddy Power Betfair. His new role was announced in August 2017, three months after the very public acquisition of the daily fantasy sports operator Draft by Paddy Power Betfair.

Fast forward to March 2019, Paddy Power Betfair was rebranded as Flutter Entertainment. Flutter was the name of a betting exchange Betfair acquired in December 2001.

Jackson’s Work at Flutter Entertainment

Jackson’s CEO role at Flutter Entertainment has been very successful so far, though he has faced some challenges over the years.

One of the major successes he orchestrated for the company was the acquisition of FanDuel in 2018, one of the two biggest daily fantasy sports operators in America. The acquisition cost Flutter Entertainment $158 million and the business merged its existing operations into FanDuel, forming the FanDuel Group. FanDuel is likely worth much much more than it was when it was acquired.

Today, Flutter holds a controlling stake in FanDuel Group (61%), with the option to increase it to 100% after five years. In December 2020, Peter Jackson announced that Flutter would expand its stake in FanDuel Group to reach 95%.

In February 2019, Flutter announced another majority stake acquisition, this time of Adjarabet, a Georgian business. The company acquired 51% of the business with the option to buy the remaining 49% after three years.

Flutter spent around $120 million on this acquisition, expanding its reach to Georgia.

In October of the same year, Flutter Entertainment acquired The Stars Group, expanding to the Canadian gambling market. With J Peter Jackson at the company’s helm, Flutter spent $6.95 billion to buy this gambling operator.

As part of the contract, Fox Corporation, who held a stake in The Stars Group, took a minority stake in Flutter with the option to acquire more shares in the future.

In 2021, Flutter Entertainment spent around $2 billion to acquire Italy’s leading online games provider called Sisal Gaming. A year later, Flutter acquired Tombola, the UK online bingo company.

As you can see, Jackson’s leadership resulted in some highly profitable deals, expanding Flutter’s reach to different countries and even continents.

However, it hasn’t all been smooth sailing.

In October 2018, for instance, the business was fined £2.2 million ($2.854 million at the time) by the UK Gambling Commission for failing to carry out the requested anti-money-laundering checks and for failing to protect customers who showed signs of problem gambling.

The year 2023 was financially hard for most UK businesses in the industry, but Flutter seemed to do much better than its competitors.

On January 29, 2024, Flutter went live on the New York Stock Exchange.

Jackson’s Earnings at Flutter Entertainment

J Peter Jackson is the chief executive officer of Flutter. Over the years, his total compensation at the company has included salary, bonuses, and stock.

While we don’t know all the details of his earnings during his tenure, Flutter’s detailed annual reports give us a pretty good idea of how much he has earned over the years.

According to the Irish Independent, the Flutter Entertainment CEO cashed in around $4.3 million of shares in a single week in March 2024, which represented less than 10% of his potential stake in the business.

This includes shares he already has and shares that will be vested in the future depending on his performance.

Based on this data, he has over $38.7 million worth of stock in Flutter left, provided that he hasn’t sold stock since.

In 2023, the Flutter CEO was awarded a long-term share incentive valued at around $25.5 million today, given 122,789 nil-price share options. He earned a salary of around $5.87 million in 2023.

In comparison, Flutter’s annual report showed that in 2022, he received around $5.23 million in compensation and almost $2.17 million in long-term share incentive awards. In 2021, he earned $7.9 million.

In 2020, he earned $9.57 million, of which $4.7 million was in share options given under a long-term incentive plan. His total compensation at Flutter Entertainment in 2019 was around $2,680,467.

He was also awarded 21,688 Flutter shares under a long-term incentive plan.

What Else Does J Peter Jackson Invest In?

J Peter Jackson’s personal life is a big mystery – we couldn’t find any information about his assets such as real estate, cars, or details on how he spends his millions.

However, we did find that he has stock in other public companies, as well as holding positions on boards of directors, which most likely contributes a lot to his net worth, as well.

Other Known Holdings

In addition to his stake in Flutter Entertainment, which without any doubt makes up most of his net worth, J Peter Jackson also holds at least 8,000 shares in Deliveroo PLC, an online food company. This stake is worth around £1.062 million, or $1.349 million. He is also a board member of the company.

In addition to this position, Jackson is the director and board member at Roofoods Ltd., another online food delivery platform.

Board Membership

In 2017, Jackson became the Chairman of Aire Labs, a tech startup in London. We don’t know if he still holds this position. He was also the director and board member for Pulse Platform UK Ltd. until February 2022.

What Can We Learn from Peter Jackson’s Story?

J Peter Jackson’s journey to becoming the CEO of Flutter Entertainment highlights key lessons for aspiring leaders and entrepreneurs. His career path is a testament to the importance of gaining diverse experience across different roles – and even different industries.

Over the years, Jackson accumulated a wide array of knowledge and skills, which prepared him for his role at Flutter.

Jackson didn’t shy away from new opportunities, even when they required significant career shifts. His move from banking to foreign exchange shows a willingness to take risks and embrace change to build up your career.

As CEO of Flutter Entertainment, Jackson led significant acquisitions and expansions.

His strategic moves significantly increased the company’s market reach and revenue, demonstrating the impact of a clear strategic vision and strong leadership.

During his leadership, Jackson has faced challenges but navigated these difficulties with grace, underscoring the importance of resilience in leadership roles.

As his net worth grows and his name is becoming more recognized worldwide, Jackson is expanding his portfolio to include different sources of income, taking on roles on diverse boards to leverage expertise and diversify his fortune.