Stoke-on-Trent billionaire businessman John Caudwell to be a dad again – at 68



Stoke-on-Trent billionaire businessman John Caudwell and former Olympian Modesta Vzesniauskaite have announced they are expecting their first child together.

The couple revealed they are looking forward to welcoming a baby boy in the spring.

Phones 4u co-founder Mr Caudwell, aged 68, who is already father to Rebekah, aged 40, Libby, aged 32, Rufus, aged 24, Scarlett, aged 18, and Jacobi,  aged16, told Hello! magazine: “Most men think the majority of their parenting is done by time they’re 50, but with a new baby on the way, I’ve still got a long way to go, so I’d better stay fit and healthy.

“I’ll help with the nappies and the feeds, just as I did with my other children.

“I’m looking forward to the screaming and the terrible twos, and all those magical moments.”

He continued: “I want him to have a social conscience and a responsibility to make the world a better place.

“I have never spoilt my children with material things. I shower them with love and affection instead.”

Former Lithuanian Olympic cyclist Vzesniauskaite, aged 37, who has an eight-year-old son Leonardo from her first marriage, added: “I think I’ve been searching all my life for a man like him.

“I don’t need the luxury, just someone kind I can trust and who respects me.

“John gives me all of that. I love that life is an adventure with him and we’re so happy. He’s my everything, and I can’t wait for our baby boy to be born.”

Mr Caudwell, who grew up in Wellesley Street, Shelton,  attended Shelton Church of England School  and then Berry Hill High School before abandoning his A-levels to become an apprentice at Michelin and later becoming a second-hand car dealer.

With his brother Brian, in 1987 John registered Midland Mobile Phones as a mobile phone wholesaler taking 26 Motorola mobiles at £1,350 each.

It took eight months to sell all 26 phones to  plumbers, taxi drivers and television repairmen at a price of £2,000 each.

The company made a loss every month for the first two years of operations.

However, the business then grew exponentially and he sold Phones4u 
in 2006 for just under £1.5 billion.

He has since concentrated on his charity work including setting up Stoke-based Caudwell Children.

The full interview is in Hello!, out now.





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