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31-Jul-2017 06:43 by 6 Comments

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Spotting the rise in mobile telephones, he bought into NAG Telecom, becoming chairman alongside fellow director Tony Kleanthous.Paphitis gained a large market share for NAG by negotiating concessionary positions in Ryman stationery stores.

After appearing on series four of the BBC Back to the Floor series while chairman at Millwall FC, Paphitis was approached to become one of the "dragons" in the second series of the BBC Two entrepreneurship series Dragons' Den in 2005 and left the programme after the 2012 season.

Paphitis is the second of three brothers; elder brother Marinos and younger brother George. He came to England with his parents and Marinos when he was nine years old.

He attended Ambler Primary School, Islington and Woodberry Down Comprehensive School, Manor House (closed in 1981) where he battled with dyslexia, but began his entrepreneurial activities by running the school tuckshop, at the age of 15.

Paphitis has made the majority of his fortune in the retail sector.

In 2006, he sold his equity stake in the lingerie brand La Senza for a reported £100 million.

Paphitis said: "It is a business which fits well with my investment criteria." As chairman from 1997, Paphitis took Millwall out of administration and on to the 2004 FA Cup Final at the Millennium Stadium.

He is perhaps best known for his work to reduce football hooliganism, and appointing as Millwall manager Dennis Wise, and together they guided the club to their first official appearance in the final of the FA Cup and into European football.Sponsorship of the Ryman League has been running for 19 years and is the longest current sponsorship deal in British football.Paphitis' other companies became sponsors of the League's cup competitions with Robert Dyas sponsoring cup tournaments.Paphitis was known as a straight-talking but approachable and sincere 'dragon' who made many investments on the show, both alone and jointly with other dragon investors.In February 2013, he announced that he would be leaving the show.In 2010, Paphitis had a three-part television series on BBC Two called Theo's Adventure Capitalists.

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