"Susie Ma, the former Apprentice finalist who went on to build one of Britain's biggest independent beauty brands, has rewarded herself with a £20 million payday after a stellar year for her Tropic Skincare business. The 36-year-old entrepreneur, who bought back Lord Sugar's 50 per cent stak e in 2023, paid herself dividends totalling £18.2 million in 2024, with a further £2 million distributed in April this year."
"Ma's buyout of Lord Sugar marked one of the most successful outcomes from the BBC TV show. Sugar had initially invested £200,000 for half of the business after Ma appeared as a contestant in 2011. In April 2023, she struck a multimillion-pound deal to regain full control of the company, paying back the billionaire in stages. He resigned as a director shortly after the deal and later collected an £11 million dividend before fully exiting."
Susie Ma received a £20 million payout following a strong financial year for Tropic Skincare. Pre-tax profits rose more than 30% to £8.7 million in 2024, and revenues increased to £68 million from £62.3 million. Ma completed a buyout of Lord Sugar’s 50% stake in 2023, repaying his initial £200,000 investment in stages and enabling full control of the company. A cost-saving review improved gross margins and inventories were reduced by £1.2 million to £7.4 million. Tropic manufactures most products in a Croydon facility, sells online, and distributes through over 20,000 self-employed ambassadors.
Read at Business Matters
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