10 Things You Didn’t Know About ‘Henry Engelhardt’

Henry Engelhardt, an American-born businessman and the co-founder of Admiral Group, is a name recognized worldwide for his unique approach to business and exceptional leadership style. However, there are myriad aspects in his life which are relatively unknown to the world. Digging beyond his professional empire, here we present 10 interesting things about Engelhardt that you probably didn’t know.

1. Early Life

Henry Engelhardt was born on January 25th, 1957, in Chicago, Illinois. Apart from his reputation as a business magnate, not much is commonly known about his early life. Growing-up in the US, Engelhardt provided a classic example of an American entrepreneurship, especially his early start in entrepreneurial endeavours.

Engelhardt completed his early education in the United States. His academic excellence and keen interest in finances were apparent from a young age. Showing strong academic prospects, he secured a place in the esteemed University of Michigan, where he pursued a degree in journalism.

2. Journalism Background

Before delving deep into the business world, Engelhardt initially intended to build a career in Journalism. Interestingly, he graduated with a Bachelor’s degree in Journalism from the University of Michigan.

Despite being an accomplished entrepreneur, Engelhardt’s approach to business has often been said to reflect journalistic ethics and methods of storytelling. His knack for communicating effectively, both verbally and in writing, has significantly contributed to the success of his ventures, a trait many attribute to his journalistic background.

3. Entry Into Insurance

Unlike many insurance moguls, Engelhardt took a rather unusual path into the industry. After his graduation, he moved to France and tried his hand at being a culinary enthusiast. However, fate had other plans, and he channeled his skills into the insurance industry.

His entry into the insurance sector was with a position in marketing at an insurance company in Chicago, marking the beginning of his successful career in insurance. Despite having no formal training in insurance, his unique approach to business strategy yielded substantial returns for the company, quickly cementing his place within the industry.

4. Founding Admiral Group

Henry Engelhardt founded the Admiral Group in 1993 with his wife Diane Briere de l’Isle. Together, they initially focused on offering car insurance specifically aimed at younger drivers who used high-performance vehicles, before broadening their product offering.

Although Engelhardt had minimal experience working in the insurance industry at the time, he effectively capitalized on an untapped market. Thanks to his innovative approach, the Admiral Group quickly became one of the leading car insurance companies in the UK.

5. Philanthropy

Henry Engelhardt is not just an accomplished businessman but also an active philanthropist. His work extends beyond accumulating wealth, as he has demonstrated by giving back generously to the community.

In an extraordinary act of philanthropy, Engelhardt gave away £7 million to his staff when stepping down as the CEO of Admiral Group. Each employee, regardless of position or duration of service, received £1,000 for each year they had worked for the company. Engelhardt firmly believes in the power of united efforts and has always been proud of the collective achievements made by his teams.

6. Love for Rugby

Engelhardt is an avid rugby fan. His love for the game is no secret, and he greatly enjoys watching rugby matches, cheering for his favorite teams.

Despite being a Chicago native, Engelhardt is a passionate supporter of Cardiff Blues, even sponsoring the rugby club. Notably, his interest in the sport also seeped into his philanthropic endeavors, with several donations to rugby-related causes.

7. Millionaire Status

Brimming with business acumen, Engelhardt’s keen eye for lucrative opportunities has paid off enormously. Today, he is a self-made millionaire, with a net worth estimated at £1.2 billion as of 2017, according to the Sunday Times Rich List.

His wealth is majorly attributed to the extraordinary success of the Admiral Group. Other sources of income are said to be his stakes in various other business ventures throughout the years.

8. Entrepreneur of The Year Award

Engelhardt’s exceptional business acumen did not take long to be recognized globally. He won the very prestigious award, Ernst and Young’s Entrepreneur of the Year, in 2003.

The recognition as Entrepreneur of the Year solidified Engelhardt’s reputation as a visionary businessman. The award acknowledged not just his financial success, but also his creativity and propensity for innovation in the corporate world.

9. Family Life

Despite his busy schedule managing the Admiral Group, Engelhardt is a committed family man. He married Diane Briere de l’Isle in 1983, and together they have four children.

Engelhardt’s wife, Diane, played a significant role in the founding of the Admiral Group. Their partnership goes beyond their personal life, extending to their shared vision and business acumen that led to the tremendous success of their venture.

10. Retirement and Beyond

Engelhardt retired as the CEO of Admiral Group in May 2016. However, he continues to play an active role in the company as a non-executive director.

Even in his retirement, Engelhardt’s influence on the business world persists. Whether it’s his philanthropic ventures or his wisdom imparted in key business discussions, his legacy continues to inspire aspiring entrepreneurs.

Learn More About Henry Engelhardt

To know more about Henry Engelhardt’s life, successful business strategies, and his foundations, check out the below links:

Admiral Group

Ernst and Young’s Entrepreneur of The Year