Rich List 2017 Billionaires
118= £1.15bn £530m ▲
JOHN SHAW AND KIRAN MAZUMDAR-SHAW
PharmaceuticalsMazumdar-Shaw, 64, trained as a brewer before moving into a
business developing enzymes used in food, which evolved into
Bangalore biopharmaceutical firm Biocon. After it was sold to ICI
in 1997 the Indian-born entrepreneur’s future husband, Scotsman
Shaw, arranged $2m finance to buy it back. The operation floated
in 2004 and has risen strongly in the past year to be valued at
£2.7bn, with the couple’s joint holding up from £593m to more
than £1bn. She is company chairwoman. 2016: £620m, 194=121= £1.1bn £75m ▲
THE CLARK FAMILY
Car salesSir Arnold Clark, who died last month aged 89, built a Glasgow-
based operation that became Europe’s largest privately owned
car dealer, with 200 dealerships and 40 accident repair centres
— many south of the border. Profits rose to £110.4m on sales of
more than £3.3bn in 2015 and with net assets of £756.4m Arnold
Clark Group is worth £1.075bn. The Clark family owns it all and
we add £25m for other interests. 2016: £1.025bn, 114121= £1.1bn £100m ▲
DAVID SULLIVAN
Property and mediaIt seemed like a dream come true when West Ham took over the
Olympic stadium in Stratford. But crowd trouble soured the
move, which will have been galling for Sullivan, 68, who has a 51%
share in the club he co-owns with David Gold (qv). There are114= £1.17bn £120m ▲
TONY MURRAY AND FAMILY
Plant hire, property and fire protectionAt 97, Murray is the oldest person in the Rich List. Born in Paris,
he joined the French army in the Second World War but after his
homeland surrendered he came to Britain and served as an RAF
navigator. His Wolverhampton-based Andrews Sykes Group, a
hire company supplying heating and air-conditioning equipment,
showed rising profits of £13.4m on £60.1m sales in 2015, while his
London Security fire protection operation in Leeds had assets of
£88m. The operations are worth £410m and he also owns six
hotels valued at a combined £400m, with another under
construction. Murray and sons Jean-Jacques, 48, and
Jean-Pierre, 46, are valued at £1.17bn. 2016: £1.05bn, 110=116 £1.16bn No change ■
MARTIN MOLLER
AviationDanish entrepreneur Moller, 52, founded aircraft leasing firm
Nordic Aviation Capital, selling a 50% stake to a private equity
firm in a deal that valued the business at £2.3bn. The Hampshire
resident still owns half of the operation, which initially leased
aircraft to humanitarian aid organisations but now caters to
commercial airlines operating in 30 countries. It has a fleet of
more than 350 planes, with clients including British Airways,
Air Berlin, Air Canada and Olympic Air. 2016: £1.16bn, 94117 £1.156bn £56m ▲
MARK COOMBS
FinanceCoombs, 57, and Jerome Booth (qv) led a 1999 management
takeover of Ashmore, which is worth more than £2bn.
Cambridge-educated Coombs sold £192m of shares when the
City investment group floated in 2006 and retains a stake worth
£812m. He picked up a £709,000 bonus in 2016 but his real
earnings stem from the £335m in dividends he has received
since 2007, including more than £46m in the past year. Coombs,
who lives in Wimbledon, backed the “remain” side in the EU
referendum with a £750,000 donation. 2016: £1.1bn, 103=118= £1.15bn £100m ▲
PHILIP DAY
FashionDay is breathing new life into Austin Reed, which has clothed
such luminaries as Sir Winston Churchill, the Beatles and the
French International Monetary Fund boss Christine Lagarde.
Last year it went into administration, with the loss of 1,000 jobs
and 120 store closures, but Day plans to open 50 premises for
the retailer by 2018, including a flagship London store. Born in
Stockport, where he helped out in his parents’ newsagents shop,
Day, 51, was joint managing director of Aquascutum before
joining Dumfries and Galloway clothing business Edinburgh
Woollen Mill, where he took control via a management buyout.
His daughter Lauren was appointed group development director
last year. The company saved Cardiff-based budget fashion
chain Peacock in 2012 and plans to open 100 more stores in the
next two years. In 2015-16 the parent company made £90.9m
profit on record sales of £576.3m and with £320.1m net assets is
worth £1.1bn. Day, who owns all of the business, paid himself a
dividend of £30.5m last year. 2016: £1.05bn, 110=118= £1.15bn No change ■
LORD KIRKHAM AND FAMILY
Furniture and investmentKirkham, 72, last year launched Fabb Sofas, a furniture retailer
that will compete with DFS, the business he founded in 1969.
Having left school at 16 with no O-levels, he set up DFS in a
former billiard hall, floating it for £450m in 1993. He then took it
private again, and netted another £400m from later refinancing,
dividends and a sale to private equity group Advent. This enabled
Doncaster-born Kirkham to fund his friend Malcolm Walker’s (qv)
Iceland takeover in 2012 and he later sold his 19% stake to
Christo Wiese (qv) for £86m. 2016: £1.15bn, 95=114= £1.17bn £158m ▲
SIR TERRY MATTHEWS
ComputersMatthews will always be lauded as the
man who brought the Ryder Cup to Wales,
his £150m Celtic Manor Resort hosting
the 2010 contest when Europe narrowly
beat the US. Born in Newport, Matthews
floats between Canada and his homeland
these days but he remains a passionate
campaigner for Welsh interests. He has
pushed for the Swansea Bay tidal lagoon
and became involved in a proposed
rescue deal for Port Talbot’s steelworks.
After studying electronics at Swansea
University he went to Canada and madehis first fortune with telecoms company
Mitel, sold to BT. A bigger earner was
Newbridge Networks, which Matthews
sold to Alcatel in 2000 for £4.4bn,
collecting £1bn for his stake.
Matthews, 73, is the founder and main
investor in Celtic House, a venture capital
group investing in hi-tech start-ups. His
Wesley Clover Corporation owns the
Celtic Manor Resort, showing profits of
£4m and assets of £52.2m in 2015. He
also owns the Brookstreet hotel and golf
resort in Ottawa. 2016: £1.012bn, 115PHILIP DAY
Entry 118=, £1.15bnFairways to heaven: golf fan
Sir Terry Matthews is a
passionate campaigner for
Welsh interests48 • thesundaytimes.co.uk/richlist