Poundland founder Keith Smith left eye-watering fortune when he died as £8million mansion goes up for sale

14 July 2024 , 21:37

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Keith Smith, founder of the ’Poundland’ empire, at Ludstone HallCredit: SWNS

Keith Smith died of lung cancer two years ago

Poundland founder Keith Smith left more than £38million when he died.

The 79-year-old — famed for his everything-for-£1 stores — lived in a nine-bed mansion, now up for sale for £8million.

The massive home has a pool and even a museum dedicated to the retail giantCredit: SWNS

The Shropshire mansion has nine bedroomsCredit: SWNS

The Shropshire property even has a museum dedicated to his bargain shops.

Mr Smith left school at 16 to become an apprentice draughtsman but after selling pens to colleagues he became a market stallholder.

He set up the Poundland chain in 1990 with son Steve and their business partner David Dodd.

They sold the business in 2002 for £50million.

Mr Smith died of lung cancer two years ago.

He left his estate in trust to wife Maureen.

Son Steve and siblings Mandy and Sean are also to benefit.

Ludstone Hall sits on a massive 177 acres and has multiple houses on siteCredit: SWNS

Keith bought Ludstone Hall for £2.5 millionCredit: SWNS

David Wilson