The Sunday Times Magazine – 7 May 2017

(Ron) #1

Rich List 2017


10 • thesundaytimes.co.uk/richlist

The secret of


my success?


Six emails a day”


Sir James Dyson


Inventor, designer, CEO and household name


T


he best thing about being a billionaire
almost eight times over , No 14 on
our Rich List, is not the three-comma
bank balance , being a knight of the realm ,
the yacht , the jets , playing tennis in the
Maldives with the family of Spanish former world No 1
Arantxa S anchez Vicario, as Sir James Dyson does , or
being acclaimed as Britain’s most creative
entrepreneur , our answer to Steve Jobs. It’s this.
“I get six emails a day.” Get out? “Really. No more
than six,” Dyson tells me in his offi ce in Malmesbury ,
Wiltshire , on one of those bright early summer days
when the Cotswolds is the only place on earth you’d
want to be. “I suspect everybody else in the business
will be like me.”
I’ve come to talk to him about his plans for a new
university and a whopping £2.5bn investment in
artifi cial intelligence (AI), robotics and battery
technology that he hopes will propel his fi rm into pole
position in “the fourth industrial revolution ” and help
to make post-Brexit Britain as innovative and fast-
growing as the “tiger” economies of Asia. We’ll get to
that, but fi rst I want to know his secret. I’d eat my
Dyson to get only six emails a day.
It all started 30 years ago , he tells me, when he
founded the company and banned staff from writing
memos, to encourage them to talk to each other
instead. He gave — and still gives — new recruits
old-fashioned exercise books and urges staff to use
them in meetings instead of laptops.
He has built dozens of cafes at his campuses “so
people can have face-to-face communication. We’re
creating things, working out how to sell them. You can’t
do that on your own. You have to talk.” If all that isn’t
enough, he has the extra protection of a professional
email address “that is odd and hard to guess”.
Soon, if he has his way, there may be no email at all,
for him or any of us. Thanks to AI — machines that

learn how we behave and begin to act for us — bots
could do our communicating. Britain needs to get
ahead and start colonising Botland, Dyson says, which
is why he is spending the £2.5bn creating a new
517-acre research-and-development centre on a former
RAF base at Hullavington , a few miles from Dyson’s
existing headquarters. H e has sold more vacuums, fans
and hairdryers than ever over the past year , but that’s
not enough. He wants to use the new hi-tech hub to
double the range of products his company makes in the
next three years to around 100 , many of them using AI.
Dyson , who celebrated his 70th birthday earlier this
week , but looks younger because he is as slim as one of
his cordless vacuums, thinks his wildly ambitious task
will be made easier by Brexit. A high-profi le supporter
of leaving the EU , he is “very excited about the
opportunities to cut trade deals direct with other
countries — America, India, Japan, Australia”. He is
looking forward to being able to hire top tech talent
from all over the world, rather than having to put EU
citizens fi rst. He’s no little Englander.
Fine, but under EU rules we can’t start negotiating
pacts on trade until the Brexit process is complete.
That’s nonsense, Dyson yelps. “We should start
negotiating with everybody else right away. It’s
ridiculous not to be able to do that. Totally restrictive.
Since when did the EU abide by European law?”
Despite warnings that the talks between London and
Brussels will be tough, Dyson predicts that the EU will
end up cutting a relatively free trade deal with Britain
“because they have more to lose. There’s a £100bn
balance of trade defi cit between us and them. They sell
more to us than we do to them.”
If no deal is reached, UK fi rms will have to pay a tariff
on the goods they export to the EU , but he predicts that
won’t hurt much. Dyson already pays a World Trade
Organisation tariff on its exports to the EU “because
we manufacture outside the EU in Malaysia , which


PHOTOGRAPH
DAVID VINTINER

THE


RICH LIST


INTERVIEW


JOHN


ARLIDGE


14 £ 7.8bn ▲
SIR JAMES DYSON
AND FAMILY
Household goods
and technology
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