The Sunday Times Magazine - UK (2022-05-22)

(Antfer) #1
Hayek has come to the rescue of Magic Mike 3 after reports of
an “unimaginably vicious” spat on the film set. The Mexican-
American actress, 55, will step into the role abruptly vacated by
Thandiwe Newton, who is said to have fallen out with Channing
Tatum, the movie’s star and executive producer, over the
Oscars uproar in March when Will Smith slapped the comedian
Chris Rock. Warner Bros said Newton quit to “deal with family
matters”. Some 18 films starring Hayek have grossed more than
$1 billion at the box office.
The London-based actress is married to the French retail
baron François-Henri Pinault, who celebrates his 60th birthday
on Saturday. Pinault has been the boss of the luxury fashion
brand business, now known as Kering, since 2005. The
operation was built by his father François, who started with a
timber business. In the 1990s he bought the French department
store chain Printemps, followed by the Bordeaux winery
Château Latour. Today the group includes Gucci, Balenciaga,
Yves Saint Laurent and Alexander McQueen.
Kering’s share price fell sharply during the stock market
slide that followed Vladimir Putin’s invasion of Ukraine and
the company is now worth £55.5 billion on the French stock
market. Economic sanctions imposed by the UK, the US and
the European Union will certainly make it harder for wealthy
Russians to spend on luxury brands.
The Pinault family owns about 41.7 per cent of Kering through
their investment vehicle Artemis, a stake worth £23.1 billion,
and the London-based Christie’s auction house and Château
Latour wine estate add at least another £5 billion. We attribute
a quarter of the Pinault fortune to François-Henri, who has two
siblings, and add £100 million for Hayek. 2021: £8.675bn, 16

22 FRANÇOIS-HENRI PINAULT
AND SALMA HAYEK
£7.125bn £1.55bn▼
Fashion: Kering and films

Kirsten, 69, and her brother Jorn, 62, each
own one third of Tetra Laval, the Swiss
packaging giant founded by their Swedish
grandfather. Another brother, Finn, 66,
based in Sweden, owns the rest. Kirsten
has two stud farms in Suffolk and the
Staffordstown Stud in Co Meath in Ireland.
She is a member of the Jockey Club and
owns half of the British Bloodstock Agency.
Tetra Laval, which makes Tetra Pak food
and drink cartons, went multinational
thanks to Kirsten and Jorn’s late father Gad
and his brother Hans, who died in 2019. He
was one of Britain’s leading philanthropists
along with his UK-based widow Marit and

children Lisbet, Sigrid and Hans (all qv).
Tetra Laval sales fell from €14 billion to
€13.145 billion in 2020, reducing the value of
the family’s stakes. Jorn was an early investor
in Ocado, tipping £26.5 million into the online
delivery service. His stake is now worth
£862.3 million, down £537.7 million in a year.
Kirsten, Jorn and Finn also hold 20 per cent
in International Flavors & Fragrances, a US
seller of scents used in fizzy drinks and
perfumes, but its shares have leaked 10 per
cent in value over the past year.
Kirsten gave £400,000 to Addenbrooke’s
Hospital in Cambridge last year for a new
CT scanner. 2021: £13bn, 7

9 KIRSTEN AND JORN RAUSING
£12bn £1bn ▼
Inheritance and investment

10 CHARLENE DE CARVALHO-HEINEKEN
AND MICHEL DE CARVALHO
£11.421bn £592m ▼

Inheritance, brewing and banking


The war in Ukraine has led Heineken, the brewing giant founded by
de Carvalho’s great-grandfather, to call time on its operations in
Russia, where it had 1,800 staff and made 2 per cent of global sales.
The move could cost the Amsterdam-based company €400 million
(£339 million). De Carvalho, 67, a mother of five, took over from her
late father, Freddy Heineken, expanding to more than 300 brands
from Red Stripe to Strongbow. Heineken beer itself accounts for
only 21 per cent of output from 167 breweries. De Carvalho’s English
husband Michel, 77, chairs Capital Generation Partners in London.
Although Heineken’s profits recovered as bars reopened post-Covid,
its shares wobbled. The de Carvalhos’ 23 per cent stake is worth
£10.015 billion, down £702 million in a year, but should have yielded
£110 million of dividends. The couple also have a 10 per cent stake
in Double Dutch Drinks, a London tonic-maker. 2021: £12.013bn, 9


11= MICHAEL PLATT
£10bn £2bn ▲

Hedge fund 2021: £8bn, 18


11= ALISHER USMANOV
£10bn £3.406bn ▼
Mining and investment^


Sanctions have separated Usmanov, 68, from some of his most
prized assets. His 512ft superyacht Dilbar — the world’s largest by
tonnage — is parked with the German police although ownership
was transferred to his sister. Italy has seized a £14.4 million Sardinian
villa and an armoured limousine, while France has grounded two
helicopters worth £19.3 million since the war in Ukraine began.
A travel ban bars Usmanov from Beechwood House, his £82 million
property in Highgate, north London, and Sutton Place, his
£34 million Tudor mansion in Surrey. Usmanov has long been
considered one of the oligarchs closest to the Kremlin. His main
asset is his holding in Metalloinvest, Russia’s largest iron ore
producer. His USM conglomerate also owns vast copper deposits,
the Russian telecoms giant MegaFon and Akkerman Cement.
Early investments in Airbnb, Facebook, Twitter and Spotify have
earned well for Usmanov, who sold his 30 per cent stake in
Arsenal football club for £600 million in 2018. USM hopes to avoid
sanctions as it is less than half-owned by Usmanov. But Russia’s
chaos will still hurt. 2021: £13.406bn, 6


13 THE DUKE OF WESTMINSTER AND THE GROSVENOR FAMILY
£9.726bn £328m ▼

Property 2021: £10.054bn, 12


14 BARNABY AND MERLIN SWIRE AND FAMILY
£9.6bn £3.1bn ▲

Industry, transport and property 2021: £6.5bn, 21


15 MARIT, LISBET, SIGRID AND HANS RAUSING
£9.49bn No change ■
Inheritance: Tetra Laval 2021: £9.49bn, 13

16 ANIL AGARWAL
£9.2bn £200m ▲
Mining: Vedanta Resources 2021: £9bn, 15

17 DENISE, JOHN AND PETER COATES
£8.637bn £189m ▲
Gambling: Bet

Even after a £170 million pay cut, Denise Coates’s salary is still
thought to be the highest of anyone in the UK. The Bet365 founder,
54, took home a £249.6 million salary in 2020-21. Although Covid-
smashed the sporting calendar, her Stoke-on-Trent gambling titan

HERE FOR THE BEER
Entry 10, £11.421bn

THE HOUSE
ALWAYS WINS
Entry 17, £8.637bn

20 • The Sunday Times Magazine

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