The Sunday Times Rich List 2020 valued Tim Steiner at GBP 403m. His wealth comes mainly from his stake in Ocado, the online grocer and warehouse robotics company he co-founded in 2000.
Steiner spent eight years as a bond trader at Goldman Sachs, from 1992, in London, New York and Hong Kong. He left in 2000 to start the business with Jason Gissing and Jonathan Faiman.
Ocado listed on the London Stock Exchange in July 2010. In the year to December 2019 Steiner took a GBP 58.7m pay package, a figure that later fuelled shareholder anger.
For FY2025 Ocado Group reported revenue of GBP 1,361.5m, an operating loss of GBP 241.4m and net income of GBP 395.2m. In June 2026 the shares were below the IPO price.