Ronald "Ron" Dennis CBE (born 1 June 1947) is a British businessman, Formula One Team Principal and is an Official British Business Ambassador. Dennis is the Global Consultant for Minsheng Investment Group and also owner of Absolute Taste. He is most well known for his role as owner, CEO, chairman and founder of McLaren Technology Group which houses a Formula 1 team, Technology Company and more.
Absolute Taste, is a London-based catering company. Lyndy Redding is its managing director. It had £20m annual turnover in 2008. It runs projects with Gordon Ramsay Holdings (GRH), McLaren Group, and fleets of private jets. It runs five cafés and restaurants and caters for private parties. Absolute Taste's most notable venue is the McLaren Technology Centre, where AT's owner, Ron Dennis' company is based.
Since 1981, Dennis has been the team principal of the McLaren Formula One team, and was instrumental in transforming the outfit into a regular world championship contender. Constructors' and drivers' world championships were won with Niki Lauda, Alain Prost, Ayrton Senna, Mika Häkkinen and Lewis Hamilton.
Prost overtook Schumacher for second place on lap thirteen. On lap eighteen Prost attempted to overtake Senna, but Senna took the defensive inside line. However, on lap twenty-five Prost overtook Senna for the lead, whilst Schumacher passed Senna for second position. Shortly after Senna and Prost pitted with Senna rejoining ahead.
After being handed a 3-page business plan by a chef for his Formula One team, he set up a catering company, Absolute Taste, today retaining 55% of the company.
In January 2007, Dennis sold half of his 30 percent shareholding in the McLaren Group to the Bahrain Mumtalakat Holding Company, leaving him with a 15 percent share. In 2009, Dennis, together with co-owners Mansour Ojjeh's TAG Group and the Bahraini Mumtalakat Holding Company, bought back Daimler AG's 40 per cent shareholding in a deal that was concluded in 2011. As of January 2014, Mumtalakat hold 50 percent of the Group's shares, with Dennis and Mansour Ojjeh holding 25 percent each.
TAG sponsored Formula One team Williams during the early 1980s, including when team drivers Alan Jones and Keke Rosberg won the 1980 and 1982 World Championships respectively. During the 1983 season, Mansour Ojjeh had a meeting with McLaren team boss Ron Dennis, who offered Ojjeh the chance of not just a sponsorship deal like with Williams, but having a part ownership of McLaren.
Ojjeh agreed and the McLaren relationship continues to this day, with the TAG Group holding a stake in the McLaren Group.
Ron Dennis was placed at number 648 in the Sunday Times Rich List 2006 with a net worth of £90 million, however The Times put his wealth at £200 million in 2009. In the Sunday Times Rich List 2011, Dennis' net worth is estimated to be £177m. In April 2014, it was stated he had a net worth of approx. £300m ($513m). His net worth grew in 2014 when he purchased McLaren Group.