Sir Tom donates £1 billion to charity
The donation is thought to be the single most generous philanthropic commitment made by a Briton. The former owner of the Sports Division sports chain said it would take years to transfer all the cash, but that he was committed to doing it.
He had already committed £100m to his charitable foundation to fight inequality in both Scotland and Africa.
Sir Tom graduated from the Business School of the University of Strathclyde, then began his career by selling trainers from the back of a van. In 1984, he founded the Sports Division chain of sports shops. He built this up into a leading retailer. In 1998, he sold the chain to JJB Sports, making over £250 million.
Along with his wife Marion, Hunter established The Hunter Foundation in 1998. It has since donated millions to supporting educational and entrepreneurial projects in Scotland.
In March 2001, Hunter was a founding partner of West Coast Capital, an investment firm. Through this firm, he has become a major shareholder in a number of retailers - including USC, Office, D2, and Qube. One of his most significant shareholdings is in BHS, of which he owns approximately 8%. Philip Green owns the rest of the business.
Its very positive to see businessmen and women stepping in to help, especially as we today hear the wealth gap is the widest in 40 years, see the BBC report.