Raised near Smithfield Market in London,[2] only son of horse-dealer Henry Hoare (died 1699) and Cicely (died 1679), Richard Hoare began his working life apprenticed to the goldsmith Richard Moore[3] from 9 June 1665 for seven years.
This date marks the foundation of C. Hoare & Co as a goldsmith's business at the sign of the Golden Bottle in Cheapside, London.
[3] Hoare, a Tory, stood for election as Sheriff of London in June 1702 but was unsuccessful.
At the election of May 1705, he first stood for the constituency of London, but could only manage fifth[5] place as the City Tories were soundly defeated.
[7] A monument to his memory stands in the church of St Dunstan-in-the-West and was designed and created by Thomas Stayner.