The Sunday Times Magazine – 7 May 2017

(Ron) #1

Rich List 2017 135-250


156 £ 822 m £ 93 m ▲
YELENA BATURINA
Construction

London-based Baturina, 54, is Russia’s richest woman. A former
factory worker, she grew her wealth from property development
and cement, selling her two main businesses in 2011 for more
than £1.25bn. Baturina, the wife of former Moscow mayor Yuri
Luzhkov, also owns the Morrison hotel in Dublin and hotels in
Russia, Austria and the Czech Republic. 2016: £729m, 156

157= £ 820 m £ 100 m ▲
SIR CHRIS HOHN
Hedge fund

Profits rose to £259 m in 2015-16 at Hohn’s London-based TCI
Fund Holdings, which manages more than £8bn of assets, while a
separate company in the group shows one of its members was
paid $196 m — reportedly Hohn, 50. The son of a Jamaican-born
mechanic, he was knighted for services to philanthropy and
international development in 2014, the same year that the High
Court obliged him to pay £337m to his ex-wife, Jamie Cooper (qv).
He donates huge sums to charity. 2016: £720m, 160=

157= £ 820 m £ 180 m ▲
JONAS KAMPRAD
Retailing

Kamprad, 51, is the middle child of Ingvar Kamprad, founder of
the Ikea furniture chain. He has run the Ikea subsidiary Habitat
and, with his father retired , has joined the board of the Ikea
parent. The London-based Swede is also a director and small

shareholder in the restaurant operation Jessen & Co, which owns
the 1 Lombard Street venue in the City. 2016: £640m, 191

159 £ 813 m £ 22 m ▲
PETER JONES AND FAMILY
Property

Jones, 82, was one of the first property developers to spot the
potential of south Manchester. His Alderley Edge-based Emerson
Developments also has a range of overseas projects. Emerson
turned in profits of £55 m in 2015-16 while his other company,
PE Jones (Properties), showed £50 m of assets in 2015. Jones
and his family trusts own both operations. 2016: £791m, 140

160 £ 803 m £ 120 m▼
DAVID ROSS
Mobile phones and property

Ross, 51, voted for Brexit, arguing that communities his
foundation schools work with in places such as Northampton,
Kettering and Skegness have been hollowed out by austerity and
forgotten by Westminster. He comes from a wealthy fishing
family in Grimsby and graduated with a law degree from
Nottingham University, later working at Arthur Andersen. At
Uppingham public school in Rutland he became friends with Sir
Charles Dunstone (qv), with whom he co-founded Carphone
Warehouse. The business floated in 2000, demerged its TalkTalk
telecoms and broadband operation in 2010 and merged with
Dixons to form Dixons Carphone in 2014. Ross’s stakes in the two
are worth £37 3m, down £140 m on last year. A shooting
enthusiast who once spent £22m on two grouse moors in North
Yorkshire , he plans to convert the stables at his 14th-century
Leicestershire mansion into an opera house. 2016: £923m, 122

155 £ 831 m £ 49 m ▼
STEVE MORGAN
Construction

Liverpool-born Morgan, 64, would have been in
the billionaires’ list had it not been for the
donation of about £200m of shares in his
Redrow housebuilder — 11.36% of the business
— to his Chester-based charitable foundation in
February. He had already handed it £35m since
setting it up in 2001. It supports charities in
Merseyside and north Wales, including those

working with families and children in need, and
has helped put 46 Smiley Buses on the road.
Morgan, who was awarded a CBE last
November for his charity work, set up Redrow
in Flintshire at the age of 21 after buying out
Wellington Civil Engineering, where he was
employed as a site engineer. He saved the firm
from going out of business and floated it in 1994.

It is valued at £1.83bn, making his 29% holding
worth £533m. He sold Championship football
side Wolverhampton Wanderers to Chinese
giant Fosun International for £30m last July,
having bought the club for £10 in 2007. We add
only £15m from the sale, as he invested heavily
in the Midlands team and pledged part of the
proceeds to charity. 2016: £880m, 130

WELL FURNISHED:
JONAS KAMPRAD
Entry 157=, £820m

56 • thesundaytimes.co.uk/richlist
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