![]() Red Letter DaysĪs for Red Letter Days, Rachel Elnaugh came up with the idea for experiential gifts one day as she was buying tickets for cricket matches for her father’s birthday. She also did a lot of accounting work for dad’s business, which also gave her time to spend with him. Instead, she made her way up the corporate ladder from having a position as an office junior in a local firm of accountants to becoming a qualified tax consultant with Arthur Andersen which is located in London. Unfortunately, Elnaugh was rejected by all 5 universities she had applied to. Initially, she had the desire to study art history at university. She attended Chelmsford High School for Girls, which was an all-girls grammar school. Biographyīorn 12 December 1964 in Essex, Elnaugh lived above an electrical sop owned by her father in Chelmsford. Who is Rachel Elnaugh?Įlnaugh is a successful entrepreneur from the UK and an investor, who is mostly known for her self made and founded a company called Red Letter Days, as well as her appearance on Dragon’s Den for several seasons. This fortune is thought to have been earned from Red Letter Days, which is a gift company that she founded at age of 24 years old and sells experiential gifts such as spa days. Her net worth is thought to be around $7 million. Rachel Elnaugh is a successful businesswoman from the UK. That happens to be equivalent to $114.6 per hour! This means Elnaugh earns $2, 793.73 per day. "Orchid Gem" Necklace by Elizabeth Galton commissioned by Swarovski.Rachel Elnaugh’s net worth is reportedly worth $7 million. Here's an interesting article about her career and appearance on the show: But I do believe that Elizabeth is more of a designer than anything else and it's awesome that she combine that with her business brain. Ok, I’m not the sort of person who cares too much about money, power or even mass produced anything. It’s just amazing how she kept her emotion still. If I was in that room being bombarded by questions and criticism, I would cry. I was really impressed when the Dragon’s asked her about where her business is going to go, she has her business plan and financial forecast planned out already and was very confident about it. She sold 5 necklaces in one add for 6.000 pounds each- that’s 30.000 pounds from one add. She first collaborated with Mercedes Benz in an advertising campaign in 2000. I’m just quoting straight out of the episode here straight from my memory. She took the spotlight not because of her solid background and experience in jewelry design and sales, but also her knowledge in business, and that was a big plus for her in having the dragons securing 110.000 pounds investment (with 30% share) that she needed. I am intrigued that out of so many people that proposed their inventions, a jewelry designer would out beat them all. ![]() Elizabeth was only 28 when she appeared on the show. It has to be more than a coincidence that at the exact hour when I went running, on a tv that could’ve been put on any channel, they showed a 2005 Dragon’s Den episode where a high-end Jewelry designer Elizabeth Galton took the spotlight. I only knew of Dragon’s Den from the TV show “IT Crowd”, so it was kindda cool to see the real thing. As I was running on the treadmill this morning, I simultaneously watched my first episode of an investment tv show, Dragon’s Den. ![]()
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