[5] Bamford is a car collector whose collection includes two examples of the rare Ferrari 250 GTO, valued upwards of $70 million each.
A few months before Bamford joined the House of Lords, he shut down a company he had owned that was registered in the British Virgin Islands, a tax haven according to the Panama Papers.
A spokesman for Bamford told The Guardian in 2016 that Casper Ltd. never owned any assets, had a bank account or engaged in any activity during its entire existence.
[18] He donated £1 million before the 2010 General Election, and Prime Minister David Cameron recommended him for a peerage that same year, however Bamford withdrew his name from consideration days before the members were announced.
[24] In May 2021, Bamford rejected an invitation to rejoin the CBI, after previously having called it a "waste of time" that "didn't represent my business or private companies".
[27] In 2023 New Statesman named Bamford the 33rd most powerful right-wing political figure in the UK, writing that he "collects [both] cars and politicians".
[35] Although he was linked to offshore tax havens in the Panama Papers through sole ownership of Casper Ltd., his spokesman said the company was inactive for its entire existence before being dissolved in 2012.
[40][41] Bamford is close to King Charles III as well as former prime ministers Tony Blair, David Cameron and Boris Johnson.
[45] In 2023, HM Revenue and Customs (HMRC) launched a probe into "alleged aggressive tax avoidance measures" by Bamford and his brother Mark.