The Sunday Times Magazine – 7 May 2017

(Ron) #1

Rich List 2017 Billionaires


more than £480m of net assets in Cardiff-born Sullivan’s three
main property companies, while he and Gold rejected an offer of
£650m for West Ham last year. He has a £100m pension pot and
a £7.5m Essex mansion with two pools. Sullivan owned the Daily
Sport newspaper for more than 20 years before selling the
publication for £50m in 2007. 2016: £1bn, 117=

123= £1.07bn £303m ▲
PAUL COULSON AND FAMILY
Investment

Ardagh, the Luxembourg-based metal and glass packaging
group in which Dubliner Coulson, 65, has a 39% stake, is planning
a New York float that will value it as high as €5bn. Trinity College
Dublin business graduate Coulson — known as “the Cooler” —
has run Ardagh since 1998. We value his stake in the operation at
£1bn until we see the success of the float. 2016: £767m, 145

123= £1.07bn No change ■
JIM McCOLL
Engineering

McColl, 65, is chairman of the East Kilbride-based Clyde Blowers
engineering group. After taking the company private and
increasing his holding in 2001 he embarked on a series of
acquisitions, taking control of the Ferguson shipyard in 2014.
Clyde Blowers Capital made £120m profit on £1.75bn turnover in
2014 and is worth at least £1.7bn. That values McColl’s stake at
£1.02bn. There are other assets. 2016: £1.07bn, 108

125 £1.068bn £248m ▲
EUGENE SHVIDLER
Oil, gas and investment

Shvidler, 52, is a childhood friend of Roman Abramovich (qv) and
both Russians have become wealthy together. Their latest
success is London-listed steel and mining company Evraz, which
has seen its shares more than triple in value over the past year,
valuing Shvidler’s stake at £105m. He co-founded oil trader
Runicom with Abramovich and they took control of Russian oil
company Sibneft before energy giant Gazprom acquired their
holding for £6.6bn. Belgravia resident Shvidler owns land in
Russia and a French vineyard. 2016: £820m, 138

126 £1.062bn £232m ▲
HENNING CONLE AND FAMILY
Property

The Conles, led by Henning, 73, own the department store
Liberty, Manchester United’s London offices and other properties
in the capital valued at nearly £2bn. The family, from Duisburg in
western Germany, made its fortune from postwar reconstruction
and the airline operation LTU International. 2016: £830m, 137

127 £1.04bn No change ■
ALAN HOWARD
Hedge fund

Investors withdrew $4.4bn from the hedge fund Brevan Howard
last year, with assets managed dipping below $16bn, down from
$40bn in 2013. It ended an 11-year run of gains that earned
London-born Howard, 53, £132m in 2012 alone. He set up Brevan
in 2002 with Chris Rokos and James Vernon (both qv). Last year
his charitable foundation donated £2.9m. 2016: £1.04bn, 112

128 £1.035bn £115m ▲
JASMINDER SINGH AND FAMILY
Hotels

Singh’s £1bn London-based Edwardian Group is introducing
artificial intelligence at some of its hotels. The “Edward” service
will allow guests to request amenities — towels or room service,
information about bars and restaurants — or register complaints
simply by sending a text. This sort of clever thinking justifies the
decision by Singh, 66, to ditch a career in accountancy after
arriving in Britain from Nairobi in 1970. Instead he worked for a
hotelier uncle and bought him out in 1979. 2016: £920m, 123

The 50 richest in the world


1 The Walton family US Asda / Walmart £100.6bn
2 Charles & David Koch US Oil services £78.9bn
3 Bill Gates US Microsoft £70.8bn
4 Amancio Ortega Spain Fashion: Zara £63.5bn
5 Jeff Bezos US Amazon £61.8bn
6 Warren Buffett US Investment £61.6bn
7 John & Jacqueline Mars US Confectionery: Mars £49bn
8 Mark Zuckerberg US Facebook £47.7bn
9 Carlos Slim Helu* Mexico Telecoms £46bn
10 Larry Ellison US Computers: Oracle £40.6bn
11 Michael Bloomberg US Bloomberg £39bn
12 Bernard Arnault France Luxury goods: LVMH £35.2bn
13 Larry Page US Google £34.2bn
14 Sergey Brin US Google £33.4bn
15 Liliane Bettencourt France L’Oréal £31.8bn
16 Stefan Quandt &
Susanne Klatten Germany BMW £30.8bn
17 Karl & Theo Albrecht Jr
& Beate Heister* Germany Aldi £30.5bn
18 Ingvar Kamprad* Sweden Ikea £28bn
19 Jack Ma China Internet: Alibaba £26.7bn
20 Wang Jianlin China Property £25.7bn
21 Li Ka-shing Hong Kong Industry £25.4bn
22 Sheldon Adelson US Casinos £24.6bn
23 Jorge Paulo Lemann Brazil Brewing £23.9bn
24 Steve Ballmer US Microsoft £23.6bn
25 The Henkel family UK / Germany Industry £22.5bn
26 Axel Dumas France Fashion: Hermès £22.2bn
27 Mukesh Ambani India Petrochemicals £21.8bn
28= Maria Franca Fissolo Italy Confectionery: Nutella £20.7bn
28= Phil Knight US Nike £20.7bn
28= George Soros Hungary / US Finance £20.7bn
31 Ma Huateng (Pony Ma) China Internet £20.1bn
32 Samuel & Donald Newhouse US Publishing £19.9bn
33 Alain & Gerard Wertheimer France Perfume: Chanel £18.9bn
34 Lee Shau-kee Hong Kong Property £18.8bn
35 Georg Schaeffler & Maria-
Elisabeth Schaeffler-Thumann* Germany Ball bearings £18.7bn
36 The Pritzker family US Hotels / investment £18.5bn
37 Abigail & Edward Johnson US Investment £18.2bn
38 Stefan Persson &
Lottie Tham* Sweden Fashion: H&M £17.8bn
39 Giovanni Ferrero* Italy Confectionery £17.6bn
40 Paul Allen US Microsoft / investment £16.8bn
41 David Thomson* Canada Media / oil £16.7bn
42= Michael Dell US Computers: Dell £16.6bn
42= The Mulliez family France Retailing: Auchan £16.6bn
44 Sri & Gopi Hinduja UK Industry / finance £16.2bn
45 Len Blavatnik UK Investment / music £16bn
46 Dieter Schwarz Germany Lidl £15.8bn
47= Laurene Powell Jobs US Apple, Disney £15.6bn
47= Wang Wei China Logistics: SF Express £15.6bn
49= Prince Alwaleed bin Talal Saudi Arabia Investment £15.4bn

REX 49= Charlie Ergen US Satellite TV: Dish £15.4bn


* Fortunes include family wealth

The Sunday Times Magazine • 49
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