How did JP McManus make his money

JP McManus is an Irish billionaire businessman and racehorse owner. A significant portion of McManus’ wealth appears to have come from his work as a private foreign exchange trader, which he runs from a small office in Geneva, Switzerland.

JP McManus started his business career at his family’s construction company. Soon after, he found his calling as an on-course bookmaker at Limerick’s greyhound racecourse, the Market’s Field.

He and his wife, Noreen, purchased Martinstown Stud on over 400 acres in County Limerick in 1982 and his first horse, “Cill Dara.” He went on to build the empire he has today, which includes 400 horses in training.

According to The Racing Post, his investment in horse racing has resulted in a reported €33,209,870 in winnings since 2008. JP McManus owns a €100m mansion in London and also owns Adare Manor, which will play host to the Ryder Cup in 2027.

JP McManus won $17.4 million in gambling in the United States in 2012, with the Internal Revenue Service keeping $5.2 million as income tax (IRS).