Download - Sunday Times Rich List 2010 | Times Online RichListWealth_by_region_711026a

Transcript
Page 1: Sunday Times Rich List 2010 | Times Online RichListWealth_by_region_711026a

56 57

Entries from 501 to 1,000 list individualor family wealth, detailing where andhow it was made, and give last year'svaluation and ranking in brackets.*denotes family wealth

501 £131mJulia Davey Property. Davey, 53, ownsthe Angel Group, a London propertyoperation. The business made a £2.9mprofit on £31.5m sales in 2008-09 and isworth more than £80m. We add £50m forpersonal assets. (£131m, 405)

502= £130mKeith Bradshaw* Care homes and carsales. Car dealer Listers of Coventry isworth £90m and Bradshaw, 66, owns half.He made £21m when the Takare nursinghome business he co-founded was sold in1997 and he owns property. (£103m, 533=)

Philip and Patricia Brown Media. Brown,73, and his wife, Patricia, 71, sold PJB,their scientific publishing firm in London,for £150m in 2003. They have further netassets in publishing, pharmaceutical andproperty worth £49m. (£130m, 406=)

David Crossland* Travel. Crossland, 63,sold Traveljigsaw, an online car hire broker,in 2008 following the sale of his Coloradoestate for £11.5m. He launched Airtours,which became MyTravel. (£130m, 406=)

Paul Day* Haulage. Day, 51, is managingdirector of Turners (Soham), a Newmarket-based haulage and warehousing groupworth its £127m net assets figure. There isother wealth. (£112m, 490=)

Cyril Dennis* Property. Last year,Monaco-based Dennis, 65, spent more than£23m on the 403-bedroom Le MéridienBeach Plaza hotel in Monte Carlo, and innearby Antibes he is converting the formerLe Provençal hotel into 60 apartments. Hesold a 3.3-acre site on the Isle of Dogs for£47m in September 2006. (£130m, 406= )

John Dunsdon* Property. Esher-basedproperty company Coldunell has netassets of £112.2m. The business is run byDunsdon, 57, and owned by his family andtrusts and we value it at £100m, adding£30m for other assets. (£130m,406=)

Sir Jack Hayward Property. Haywardsold his stake in the Grand Bahama PortAuthority last year. The price was notdisclosed but Hayward, 86, was offered£87m. Now living mainly in the Bahamas,he has homes in London, New York and theScottish Highlands. (£120m, 438=)

John Hindle* Property. Hindle, 75, runsSale developer Brookhouse and has a£240m portfolio. We include the family'sstake and property. (£90m, 600=)

Ron Jelley* Construction. Jelson, theLeicester housebuilder led by Jelley, 83,has net assets of £106.5m. The family hasother property and assets. (£60m, 924=)

Sir Martin Laing* Property andconstruction. Laing, 68, the last familychairman of the John Laing operation,stepped down in 2002. Family trusts alsoown Eskmuir Properties. These intereststake the Laings to £130m. (£115m, 474=)

Ian McGlinn Retailing and hotels. McGlinn,a Scot, saw his £4,000 Body Shop stakegrow to £137m, and bought into the Hoteldu Vin chain, sold for £66m. (£130m, 406=)

Andrew Michael Internet. Michael, 30and living in Cheltenham, dropped out ofschool at 17 to develop internet-hostingfirm Fasthosts, pocketing £45m when hesold it. He has reinvested. (£35m, 1,550=)

Terence Mordaunt Docks. City suitors arequeuing to buy Bristol’s dock operations,owned by Mordaunt, 62, and David Ord(qv). Mordaunt has equity of 60%, worth£120m, and other assets. (£130m, 406=)

Robert Palmer Oil services. Palmer, 42,owns Bury St Edmunds-based RP Valves,Europe’s leading supplier and distributorof valves for the oil, gas and petrochemicalindustries. The company is worth £124mand past salaries add £6m. (£75m, 751=)

Kirit and Meena Pathak Food. AssociatedBritish Foods, the owner of Wigan-basedPatak’s spice brand, has relaunched it withnew recipes and a TV advertising campaignfocusing on the Pathak family heritage.The family sold up in 2007 for £200m.Under Kirit, 57, and his wife Meena, 53, thecompany forged ahead. Kirit is chairman ofABF’s world food division. (£130m, 406=)

517= £129mRichard Koch Internet gambling. Koch,59, struck gold with Betfair, the onlinebetting exchange valued at £1.5billion,following a deal with the JapaneseSoftBank operation. Koch has a stakeworth £95m. He has received £27m cashand has other assets, including a holding inprivate group Zola hotels. (£129m, 422)

Sir Richard Sutton* Land. Sutton, 72,and his family have valuable acreage inLincolnshire, London, the West Countryand America. His family firm, Sir RichardSutton Settled Estates, showed £124m netassets in 2008-09 (£115m, 474=)

519= £128mNigel Doughty Finance. Doughty, 52, gavethe Labour party £1m in 2009 and hasinvested millions in Championship footballclub Nottingham Forest. He runs DoughtyHanson, the West End private equitybusiness, where his stake is worth at least£125m. (£119m, 471=)

David and Heather Stevens Insurance.Stevens, 48, and his wife, Heather, 52, arefounder managers of the motor insurancefirm Admiral, with a £120m stake. Thereis other wealth and the couple establishedtheir Waterloo Foundation with £100m ofAdmiral shares. (£102m, 535= )

521 £127mMatti and Miriam Kraus Property.Husband and wife Matti, 67, and MiriamKraus, 68, own Pall Mall Investments,worth its net asset figure of £125.6m. Weadd £1.4m for dividends. (£100m, 540=)

522 £126mJohn Seddon* Construction and golfclubs. Cheshire-based Seddon Group isinvolved in property development andrunning golf clubs. Seddon, 75, representsthe family that owns the business. Thefamily also owns Seddon Properties.(£85m, 657=)

523= £125mJohn Apthorp* Frozen food and wine.Apthorp, 75 today, built the Watford-basedMajestic Wine Warehouse chain. He setup Majestic after his family made £70mfrom the sale of the Bejam frozen-foodoperation. (£120m, 438=)

Bill Archer DIY. Archer, 65, foundedCrewe-based Focus DIY chain with GregStanley (qv) before selling it three yearsago for £1 to a private equity group thattook over its £174m debt. He had earliermade more than £73m by selling part ofhis stake. He also bought and sold theWickes operation. (£125m, 426=)

John and William Asprey Jewellery.See panel on page 59

The Baylis family Property. JT Baylisjointly developed the giant mall at CribbsCauseway retail centre, near Bristol. Thecompany, founded by the late Jack Baylis,reported £5.3m profit on £10.9m sales in2007-08, with net assets of £159m. Baylisleft £96m in his will in 2006. After tax, thefamily is worth £125m. (£125m, 426=)

Though more of a cricket fan himself,MCC member Sorrell will be keeping aclose eye on the football World Cupthis summer, hoping it delivers aglobal advertising boost. He described2009 as a “brutal” year for WPP, hisgiant advertising group, with profitssliding by 21.4% to £662.6m andrevenues down by 8.1%. WPP sharesdid well from mid-2009, however, andthe company is worth £8.1billion. Hemoved its headquarters to Dublin in2008, claiming Ireland’s low rate ofcorporation tax meant that WPP wouldsave up to £80m. The 65-year-oldnearly drowned in a sea of debt aftertransforming Wire and Plastic

Products, a Kent firm makingsupermarket baskets, into anadvertising empire through thetakeover of JWalter Thompson andOgilvy Group in the late 1980s. Sorrell,a Cambridge economics graduate andHarvard MBA, brought the businessback from the brink after the 1991-92recession and today it claims to be theworld’s largest communicationsservices group. In 2003, his 33-yearmarriage to Lady Sandra Sorrell, nowworth £32m, ended in divorce and hehad to sell £12.5m of shares to helpfund her settlement. In 2008, hemarried the Italian Cristiana Falcone,a director of the World EconomicForum. Sorrell’s stake in WPP is worth£111m. With other assets and pastsalaries, we value him at £125m.

2009: £83m, 687

Adman on the ball

Up£42m

NORTHWEST Wealth of top 10 £12,838m1

1 (1) TheDuke ofWestminster (15) £6,750m2 (2) LordGrantchester

and theMoores family (20) £1,200m3 (6=) JohnHargreaves* (21) £1,020m4 (3) Peter Jones* (25) £673m5 (4) Fred andPeter Done (26) £660m6 (5) TheWalker family (28) £600m7 (6=) Phillip Sheppard* (29) £530m8 (9=) TrevorHemmings (31) £500m9 (6=) TheWarburton family (32) £495m10 (-) TomMorris* (34) £410m

Wealthby region

NORTHERN IRELAND £2,284m2

1 (2) LordBallyedmond (31) £500m2 (3=) Kevin andMichael Lagan (36) £350m3 (3=) SamMorrison (39) £296m4 (5) GerardO’Hare (43) £220m5 (9) ShamusJennings* (49) £166m6= (-) FrankBoyd* (50) £160m6= (10) Michael Herbert* (50) £160m6= (7) JohnKing (51) £160m9 (8) Barney andFrances Eastwood (51) £150m10 (-) Paul andJeremyEakin* (58) £122m

CHANNEL ISLANDSAND IoM £6,350m3

1 (2) SirDavidandSir FrederickBarclay (18) £1,800m2 (1) JohnWhittaker (21) £1,060m3 (4=)Douglas andDameMaryPerkins (24) £810m4 (3) Jonathan andDavidRowland (25) £730m5 (8) TonyBuckingham (28) £565m6 (4=)JimMellon (29) £530m7 (7) TheClarke family (34) £400m8 (9) TomScott* (49) £175m9= (-) RichardGoulding (54) £140m9= (-) SimonPerrée (54) £140m

WESTMIDLANDS £5,810m4

1 (1) JohnCaudwell (20) £1,400m2 (2) Sir AnthonyBamford* (22) £950m3= (6) Peter andDeniseCoates (31) £500m3= (3=) Felix Dennis (31) £500m5 (-) TonyMurray* (32) £481m6 (9) Sir Peter Rigby (33) £430m7 (3=) TonyGallagher (34) £425m8 (7=) RoyRichardson* (34) £400m9 (10=) CasparMacDonald-Hall (35) £374m10 (7=) SteveMorgan (36) £350m

SOUTHWEST £4,986m5

1 (2) Sir JamesDyson* (22) £920m2 (1) LordVestey* (24) £750m3 (4) PeterHargreaves (28) £570m4 (3) TomSingh* (30) £515m5 (7) StephenLansdown (32) £452m6 (-) Albert Heijn* (36) £339m7= (5=) HarryHyams (37) £320m7= (5=) Charlotte Townshend (38) £320m9= (-) BruceCraig (38) £300m10= (-) Chris Dawson (41) £250m10= (8) TheMarquess of Salisbury (41) £250m

GREATER LONDON £66,017m6

1 (1) LakshmiMittal* (14)£22,450m2 (2) RomanAbramovich (15) £7,400m3 (3) Ernesto andKirsty Bertarelli (14) £5,950m4 (5=) David andSimonReuben (16) £5,532m5 (10=)AlisherUsmanov (14) £4,700m6 (-) Galen andGeorgeWeston* (16) £4,500m7 (4) CharleneandMicheldeCarvalho (16) £4,400m8 (-) Anil Agarwal (16) £4,100m9 (-) JosephLau (17) £3,825m10 (-) Vladimir Kim (17) £3,160m

SOUTHEAST £17,080m7

1 (1) HansRausing* (17) £4,000m2 (-) JornRausing* (17) £3,500m3 (3=) Sir RichardBranson (18) £2,600m4 (2) NickyOppenheimer (19) £1,500m5 (3=) NadhmiAuchi (20) £1,200m6 (5) Wafic Said (22) £1,000m7 (9) MikeAshley (24) £890m8 (-) ViscountCowdray&Pearsonfamily (23) £850m9 (6) Roger andPeter DeHaan (24) £800m10 (-) Urs Schwarzenbach (25) £740m

EASTANGLIA £6,553m8

1 (1) KirstenRausing* (17) £3,500m2 (2) TheEarl of Iveagh and

theGuinness family (23) £820m3 (3) DavidandRichardThompson(33) £450m4 (5) Mike Lynch (33) £427m5 (7) DouwSteyn* (38) £320m6 (4) Ardeshir Naghshineh* (38) £301m7 (6) EdwardAtkin* (42) £235m8 (-) ColinHill (45) £200m9 (-) DavidAllen (50) £160m10 (8) GregoryDarling* (54) £140m

EASTMIDLANDS £4,067m9

1 (5) Will Adderley* (26) £670m2 (2) TheDuke of Devonshire (28) £600m3 (1) Michael Cornish* (31) £497m4 (3) Freddie Linnett and the

Murphy family (33) £445m5 (4) Sir David Samworth* (34) £385m6 (8) DavidWilson* (35) £375m7 (7) JohnBloor (36) £345m8 (-) Tony Langley (39) £270m9 (-) TonyWilkinson* (42) £250m10 (9) Sir Paul and LadySmith (42) £230m

YORKSHIRE £6,909m10

1 (1) Sir KenMorrison* (19) £1,540m2 (2) Eddie&MalcolmHealey (20) £1,250m3 (3) RobertMiller (22) £950m4 (4) Paul Sykes (26) £650m5 (-) TonyMurray* (32) £481m6 (6) Terry Bramall* (33) £450m7 (9=)LordKirkham (33) £430m8=(7) Michael Evans* (34) £400m8=(9=)LawrenceTomlinson (34) £400m10 (5) HamishOgston (37) £358m

NORTHEAST £2,874m11

1 (1) MikeAshley (24) £890m2 (2) Mark Fenwick (34) £420m3 (3) DuncanBannatyne (37) £320m4 (4) TheDukeofNorthumberland (39) £300m5 (5) AlastairandMichaelPowell (44) £209m6 (6) Sting (48) £180m7 (7) GrahamWylie (49) £175m8 (8) Sir Peter Vardy* (53) £150m9 (10) StuartMonk* (59) £118m10 (-) SteveGibson (60) £112m

WHERETHE 1,000WEREBORN, LIVE ORWHERETHEIR INTERESTSARECENTRED

London 377Southeast 136Scotland 67Northwest 60Southwest 49EastMidlands 42Yorkshire 42WestMidlands 34

EastAnglia 27Wales 24Northeast 17Channel Islands andIsle ofMan 23Ireland includes people nowbased in Britain 46Overseas 56

(see page 83)

(see pages 85 to 95)

*includes family wealth.2009 regional rankingsshown in brackets after2010 rankings. Page

number of entry shown inbrackets before wealth

23

1

11

10

4 98

5 67

523= £125m £42m, 51%sSir Martin SorrellAdvertising

MARTINARGLES/THEGUARDIAN

RICHLIST 2010 501-750