Character design with Stephen Silver part 1

At the end of last year, I took a character design course with Stephen Silver on schoolism: It's been some time since I've done characters, since I mostly did layouts and background work last year, so wanted to get back to basic and relearn some of the concepts and rules.

The first part was to do a quick character with a detailed description provide by the teacher; so a middle age, overweight, rich, entrepreneur in a smoking jacket with a monocle.

This is result, with reference and sketches.