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Charlie Mullins, the founder of Pimlico Plumbers, has become one of the UK’s most recognised self-made millionaires.
Known for transforming a modest plumbing business into a multimillion-pound brand, his journey from apprentice to entrepreneur is both compelling and instructive.
As of 2025, public interest in his financial standing continues to grow, particularly following the sale of his company.
This article explores Charlie Mullins’ net worth in 2025, his business achievements, investments, lifestyle, and legacy in British entrepreneurship.
Who Is Charlie Mullins And How Did He Start Pimlico Plumbers?
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Charlie Mullins, born Sidney Charles Mullins OBE on 28 October 1952, is a well-known British entrepreneur most famous for founding Pimlico Plumbers.
Raised in modest circumstances in Camden and later in the Rockingham Estate in Elephant and Castle, Mullins left school at 15 with no formal qualifications. His early years were shaped by the working-class environment of post-war London.
At age 15, he began a plumbing apprenticeship with a local plumber. By 1979, he had saved enough to establish Pimlico Plumbers from a small basement in London’s Pimlico area.
The business started as a one-man operation, but Mullins had a clear vision for delivering reliable, high-quality plumbing services with a professional image.
His decision to wear smart uniforms, brand his vans with personalised number plates, and invest in round-the-clock customer service was unique in the plumbing industry at the time. This approach quickly distinguished Pimlico Plumbers from competitors.
What Is Charlie Mullins’ Estimated Net Worth In 2025?
Charlie Mullins’ estimated net worth in 2025 is approximately £70 million. This figure positions him among the UK’s wealthiest self-made entrepreneurs from a skilled trade background.
His fortune was largely built through his ownership and eventual sale of Pimlico Plumbers, which he founded in 1979 and scaled to become London’s most recognisable plumbing brand.
How Was His Wealth Built?
The foundation of Mullins’ wealth came from decades of running Pimlico Plumbers as a premium service business.
The firm generated consistent revenue from high-end clients, with Mullins maintaining tight operational control and investing heavily in brand development.
The company’s services were in constant demand across central London, and its visible branding and strong reputation allowed for premium pricing. Over time, this consistent growth allowed Mullins to accumulate significant business assets and personal income.
Additional sources of his wealth include:
- Speaking engagements at business conferences
- Media appearances as a public figure and entrepreneur
- Book sales from his autobiography, Bog-Standard Business
- Property investments, particularly in London, Spain, and Dubai
What Was The Impact Of The Pimlico Plumbers Sale?
In 2021, Mullins sold Pimlico Plumbers to US-based service group Neighborly. While the official sale figure was not publicly disclosed in full, it was widely reported to be in the region of £125 million.
Though Mullins did not retain the full sale price, after taxes and corporate restructuring, a substantial portion of the deal contributed to his net worth.
He had already begun transferring operational control to his son, Scott Mullins, who played a key role in managing the business through to the sale.
This major financial event significantly elevated his wealth, moving him from a high-income entrepreneur to a fully capitalised high-net-worth individual.
How Has His Net Worth Changed Over Time?
Mullins’ net worth has seen a noticeable upward trend over the past five years, with some fluctuations influenced by his lifestyle choices, political involvement, and relocation plans.
Here’s a breakdown of his estimated net worth trajectory:
| Year | Estimated Net Worth |
| 2020 | £55 million |
| 2021 | £90 million (post-sale) |
| 2023 | £75 million |
| 2025 | £70 million |
Following the sale in 2021, his wealth peaked, but subsequent years saw slight declines due to asset management costs, overseas relocation, and tax planning measures.
His decision to split time between Spain and Dubai may also reflect strategic attempts to optimise his wealth under different tax jurisdictions.
What Contributes To His Current Financial Status?
In 2025, Mullins’ wealth is maintained through a mix of property ownership, residual income streams, and returns from previous investments. Although he is no longer involved in Pimlico Plumbers, his financial portfolio is still active.
Contributing factors include:
- Ownership of high-value properties in prime international locations
- Strategic asset sales, including his London penthouse
- Diversified income from books, media, and advisory roles
- Tax-efficient residency plans
Despite stepping away from direct business operations, Mullins has remained financially savvy. His choices reflect a deliberate shift from active business management to personal wealth preservation and international lifestyle investment.
How Did Pimlico Plumbers Become A Multimillion-Pound Business?
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Pimlico Plumbers’ transformation into a multi-million-pound company was driven by a combination of professional presentation, strong service ethics, and bold marketing tactics.
Mullins insisted on a well-groomed team, punctuality, and exceptional customer interaction. His brand strategy revolved around high visibility in affluent London neighbourhoods.
A major element of the company’s success was its customer-first model. Services were available 24/7, with clear pricing and workmanship guarantees.
Mullins also capitalised on opportunities for media exposure, regularly appearing in interviews, features, and television programmes.
The company’s revenue increased steadily, driven by demand from wealthy clients seeking premium trades services. Its expansion included employing hundreds of tradespeople and operating a fleet of branded vehicles across Greater London.
Pimlico Plumbers became a household name in the city. Its rise was not just financial but also cultural, showing that a plumbing firm could achieve elite status through professionalism and marketing ingenuity.
What Assets And Properties Does Charlie Mullins Own?
Charlie Mullins is known not only for his entrepreneurial achievements but also for his luxury lifestyle, which is reflected in his extensive property holdings and high-value personal assets.
After building and selling Pimlico Plumbers, he invested heavily in prime real estate and other prestige assets across multiple countries.
As of 2025, his asset portfolio reflects a shift toward international living, financial security, and brand-driven personal taste.
Where Does Charlie Mullins Own Property?
Mullins’ property investments span across three key locations: the United Kingdom, Spain, and the United Arab Emirates.
These real estate holdings are both residential and lifestyle-based, offering luxury living and potential for asset appreciation.
London, United Kingdom
Mullins formerly owned a luxury penthouse apartment in London, situated in a highly sought-after area.
This property featured panoramic views of the city, bespoke interiors, and secure access, suitable for high-profile living.
In 2024, he announced plans to sell the penthouse due to political dissatisfaction following the general election.
This move was seen as both a personal and financial decision, influenced by potential tax policy changes, particularly concerning inheritance tax.
Marbella, Spain
One of Mullins’ most talked-about residences is his villa in Marbella. This property serves as a base for his time in Spain and represents both a lifestyle choice and a tax-efficient move. The villa is known for its modern design, spacious layout, and luxury features such as:
- Private swimming pool
- Landscaped gardens
- Sea views
- Guest accommodations
This property has become emblematic of his relocation from the UK and is regularly referenced in media coverage of his lifestyle changes.
Dubai, United Arab Emirates
In addition to his Spanish villa, Mullins owns an apartment in Dubai, reflecting his broader international living strategy.
Dubai’s favourable tax environment, coupled with its status as a global luxury destination, aligns with Mullins’ objectives post-business sale.
The Dubai apartment is likely to feature high-end specifications, given the standards of property development in the city’s central areas such as Downtown Dubai or Dubai Marina.
What Other High-Value Assets Does He Own?
Beyond real estate, Charlie Mullins has acquired a range of luxury personal assets that complement his public image and financial standing. These assets often serve dual purposes: enjoyment and brand reinforcement.
Personalised Luxury Vehicles
Mullins is widely known for his collection of custom-plated vehicles, many of which are extensions of his Pimlico Plumbers branding. These include:
- Mercedes and Bentley models
- Customised registration plates (e.g., BOG1 JOB, LOO2 OLD)
- Vehicles used for promotional appearances
His car collection, often valued in the hundreds of thousands of pounds, was not only a personal indulgence but also a smart marketing strategy during his business years.
Watches, Art, and Designer Items
While specific details are private, Mullins has publicly acknowledged his interest in luxury timepieces, designer fashion, and contemporary art. These items, while personal in nature, also function as status symbols in line with his public profile.
Common characteristics of his personal collection:
- Limited-edition watches from Rolex and Patek Philippe
- Designer clothing from brands such as Gucci and Dolce & Gabbana
- Bespoke furnishings and artwork displayed in his homes
These tangible assets contribute to his overall net worth and reflect his shift from business reinvestment to lifestyle spending.
How Do These Assets Fit Into His Wealth Strategy?
Charlie Mullins’ asset choices reflect a transition from wealth generation to wealth preservation. Since selling his business, he has prioritised real estate in stable, high-value markets and lifestyle assets that support an image of international success.
Key themes in his asset strategy include:
- Diversification across countries and asset classes
- Tax efficiency, especially in choosing locations like Dubai and Spain
- Personal branding, with assets reinforcing his luxury image
- Value retention, through real estate and collectibles
By holding property and high-end assets in desirable global locations, Mullins secures both lifestyle and financial advantages. This strategy not only safeguards his estimated £70 million fortune but also allows him to maintain a prominent public profile in business and media circles.
Has Charlie Mullins Invested Outside Of Plumbing?
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Since exiting the plumbing industry, Mullins has explored other investment avenues. While plumbing was his foundation, his entrepreneurial instinct has led him to diversify.
He has shown interest in:
- Real estate development, especially in Marbella and Dubai
- Speaking engagements at business events and seminars
- Media appearances as a business commentator
- Publishing, including his autobiography “Bog-Standard Business”
Although these ventures do not match the financial scale of Pimlico Plumbers, they reinforce his status as a public personality. His personal brand remains influential, and he continues to provide commentary on business, trades, and politics.
Mullins has also contributed to political causes, initially donating to the Conservative Party and later shifting his support to the Liberal Democrats.
Most recently, he aligned with Reform UK. While not a financial investment in the traditional sense, these political moves have helped keep him relevant in public discourse.
What Happened When He Sold Pimlico Plumbers?
The sale of Pimlico Plumbers in 2021 was a defining moment in Charlie Mullins’ career. After building the company over four decades, he decided to sell to Neighborly, an American home services group looking to expand in the UK.
The reported value of the sale was around £125 million. Mullins stepped back from daily operations, handing control to his son Scott Mullins prior to finalising the deal. Scott had been active in the business for years and was well-positioned to manage the transition.
Although the financial terms were not disclosed in detail, the transaction allowed Mullins to secure a significant personal fortune. His exit was not only about the money but also about freeing up time for personal pursuits and political interests.
The table below summarises key points about the sale:
| Sale Details | Information |
| Buyer | Neighborly (US-based service group) |
| Year of Sale | 2021 |
| Estimated Sale Value | £125 million |
| Mullins’ Post-Sale Role | No operational role |
| Successor | Scott Mullins |
This move marked Mullins’ shift from a hands-on entrepreneur to a high-net-worth individual with a broader public presence. His subsequent lifestyle changes and financial decisions have been closely watched by media and business analysts alike.
How Does Charlie Mullins Spend His Wealth Today?
Charlie Mullins maintains a luxurious lifestyle, spending his wealth on properties, travel, and premium experiences. His residence in Spain and frequent visits to Dubai are supported by high-value assets, including bespoke vehicles and elite accommodation.
He is also known for purchasing unique items that reinforce his personal brand. While much of his spending is private, occasional media appearances provide glimpses into his high-spending habits.
His typical expenditures include:
- International travel, particularly to tax-friendly destinations
- Maintenance of luxury properties
- Custom-made vehicles and accessories
- Fine dining and fashion
- Lifestyle upgrades such as private drivers and exclusive memberships
Mullins has not formally retired in the traditional sense. Instead, he remains active in public life, often sharing views on politics and economics. Despite occasional controversies, such as a social media suspension in 2023, he continues to shape conversations around entrepreneurship, trades, and taxation.
What Can Entrepreneurs Learn From Charlie Mullins’ Success Story?
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Charlie Mullins’ story offers several lessons for aspiring entrepreneurs, particularly those in trade professions.
His success challenges the notion that academic qualifications are the only path to business success.
Key takeaways from his journey include:
- Practical skills and determination can lead to substantial financial success
- Professional branding in trades can build customer trust and loyalty
- Consistent media engagement helps build long-term visibility
- Timing a business exit correctly can maximise returns
- Personal visibility can support business growth beyond the product or service itself
Mullins’ rise from a teenage apprentice to a multimillionaire is proof that traditional trade skills, when combined with strategy and ambition, can lead to significant wealth and influence.
His legacy in the British business community continues to influence entrepreneurs across sectors.
Conclusion
Charlie Mullins’ net worth in 2025 is estimated at £70 million, reflecting decades of hard work, strategic growth, and well-timed exits.
From his humble beginnings to building one of London’s most iconic service businesses, Mullins is a standout figure in the UK’s entrepreneurial landscape.
Though no longer active in the plumbing world, his legacy at Pimlico Plumbers and his influence in British business continue to inspire many especially those who believe in rising through trade professions.
Frequently Asked Questions about Charlie Mullins’ Net Worth
What did Charlie Mullins earn from the Pimlico Plumbers sale?
Although the exact figure is private, estimates suggest Mullins made around £90 million from the sale after taxes and fees.
Does Charlie Mullins still work in the plumbing industry?
No, he stepped back after selling Pimlico Plumbers in 2021 but remains active as a media figure and investor.
What controversies has Charlie Mullins been involved in?
Mullins has had several political controversies, including public comments, changing party loyalties, and a Twitter suspension in 2023.
How many children does Charlie Mullins have?
He has four children, including Scott Mullins, who played a key role in Pimlico Plumbers before and after the sale.
Is Charlie Mullins still living in the UK?
As of late 2024, Mullins announced his relocation to Spain and Dubai due to UK inheritance tax concerns, but he may return based on political shifts.
What book did Charlie Mullins write?
He authored Bog-Standard Business: How I Took the Plunge and Became the Millionaire Plumber, published in 2015.
What is his relationship with the media?
Mullins maintains a strong media presence, often giving interviews and making bold political and business statements.
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