Background
The eldest son of property developer Peter Palumbo, Baron Palumbo, Jamie was born in London and educated at Eton College and Worcester College, Oxford.
The eldest son of property developer Peter Palumbo, Baron Palumbo, Jamie was born in London and educated at Eton College and Worcester College, Oxford.
Worcester College; Eton College.
He was listed in the Sunday Times Rich List 2015 in 340th place with an estimated fortune of £300 million. From 1984-1992, Jamie Palumbo worked in the City of London for Merrill Lynch and Morgan Grenfell in equity capital markets and property finance. Initially Palumbo lost control of the club to drug dealers, and a fight to regain control ensued. has expanded into a number of areas including recorded music, live events, digital media and merchandise.
Recordings has sold over 55 million albums and is the largest independent music company in the world.
In 2001 Palumbo sold 16% of the business to 3i for £24 million. In 2010 new proceedings were launched relating to another family trust, his father also resigned from this trust and paid legal fees.
On 2 October 2013, Palumbo was created a Life Peer taking the title Baron Palumbo of Southwark, of Southwark, in the London Borough of Southwark. James Rudolph Palumbo (6 June 1963 - 4 February 1999)
Honourable James Rudolph Palumbo (4 February 1999 - 2 October 2013)
Right Honourable Lord Palumbo of Southwark (2 October 2013).