He is the founder of GlenDimplex, a company specializing in electrical appliances Naughton is an alumnus of De La Salle College Dundalk, where he funds an annual scholarship programme.
[citation needed] He is a donor to a number of educational institutions, notably Trinity College Dublin[2] and the University of Notre Dame.
[3] Naughton founded Glen Electric in August 1973 with a small manufacturing facility employing just ten people in Newry, County Down, Northern Ireland.
Naughton's stake in the company is worth around £273 million with other investments including an art collection, property in Dublin and shares in the Merrion Hotel Group and the Sunday Tribune newspaper.
[citation needed] Naughton was involved in negotiating cross-border trade and promotion and support of businesses during the Northern Ireland conflict.