[2] Feldman was a former member of Lloyd's of London, and was the director of The Young Entrepreneurs Fund from 1985 to 1994.

He has been described as a former plastic-toy magnate whose business interests reportedly included "Sindy dolls, aircraft kits and yo-yos".

One of his sons is Nick Feldman, bass guitarist of the band Wang Chung.

[4] On 15 January 1996, he was made a life peer as Baron Feldman, of Frognal in the London Borough of Camden.

[5] His sponsors were Margaret Thatcher and Cecil Parkinson, and he was introduced to the House of Lords on 14 February 1996.