Rich List 2017 135-250
land in 2005. The family’s meat trading business, Western United
Investment , made a profit of £1.4m in 2015 and had £76 m assets.
His wife, Celia, is Prince Harry’s godmother. 2016: £672m, 178=180= £ 720 m £ 20 m ▲
HENRY ENGELHARDT AND FAMILY
InsuranceEngelhardt, 59, arrived for his final day at Admiral in Cardiff last
May to find staff cheering the insurer’s chief executive while
wearing T-shirts with his business soundbites on the back. These
“Henry-isms” included: “The perfect is the enemy of the good.”
Chicago-born Engelhardt started the company in 1993 with
David Stevens (qv) and has a £578m stake. 2016: £700m, 164=180= £ 720 m No change ■
RUTH PARASOL AND FAMILY
GamblingCalifornian-born Parasol, 50, and her ex-husband, Russ DeLeon,
51, co-founde d PartyGaming, an online casino software pioneer.
It floated in 2005, with the pair picking up at least £620m in the
following years. Parasol is based in Gibraltar, where last year she
developed a penthouse and office building in John Mackintosh
Square. She has interests in finance. 2016: £720m, 160=182 £ 710 m £ 20 m ▲
PAUL SYKES
PropertyUkip funder Paul Sykes, 73, netted a dividend of more than
£300m as he wound up Highstone Group, his main business, last
year. The son of a Barnsley miner, he worked as a tyre fitter
before moving into car dealing and made his biggest fortune in
property, developing Sheffield’s Meadowhall centre with Eddie
Healey (qv) and selling it for £1. 17bn in 1999. 2016: £690m, 172183 £ 707 m £ 22 m ▲
THE DUKE OF BEDFORD
Land and artBedford, 55, is best known for his 13,000-acre Woburn Estate in
Bedford and accompanying safari park, but is also the largest
private landlord in Bloomsbury, close to London’s West End. The
company covering his 180-building portfolio there showed £11 8m
net assets in 2015-16, up almost £22m in a year. With the house
and grounds worth £150m, we push Bedford to £707m based on
the rise in the value of his London estate. 2016: £685m, 173184= £ 700 m No change ■
ANDREY ANDREEV
Internet See panel, left184= £ 700 m No change ■
MAY MAKHZOUMI AND FAMILY
IndustryA former pharmacist who worked in Beirut and Riyadh, London-
based Makhzoumi, 64, is the wife of Lebanese industrialist Fouad
Makhzoumi. The family owes its wealth to Dubai operation Future
Pipe, which manufactures fibreglass pipes for large infrastructure
projects. She has donated to the Tory party. 2016: £700m, 164=184= £ 700 m £ 40 m ▲
CHRIS ROKOS
Hedge fundRokos, 46, has been involved in a costly divorce. His ex-wife,
Veronica, was awarded £267,000 a year but demanded more,
including a £10,555 annual wine allowance. The judge granted her
a smaller amount. Rokos co-founded the Brevan Howard hedge
fund with Alan Howard (qv) , making £590m in 10 years. In 2015
he set up Mayfair-based Rokos Capital Management, which
closed to new investors after attracting $3.5bn and gaining 10%
in its first year. It rose 3% in post-Brexit trading and Rokos plans
to reopen it, hoping to raise a further $2bn. 2016: £660m, 180=Fenwick, the fifth generation to run his family’s
eponymous retail empire, will step down as executive
chairman later this month, to be replaced by Richard
Pennycook, a former Co-op boss. Fenwick, 69 on
Thursday, remains busy with his music management
business, run from the London flagship store in New
Bond Street. He cut his teeth in the 1970s managing
T Rex and Roxy Music, and has masterminded this
summer’s 54-date Us + Them tour of North America
by Pink Floyd veteran Roger Waters (qv).
The retail business posted a record £44.2m profit on
£302m sales in 2015-16, but faces an uphill struggle to
compete with online retailing, which it does not offer. In
January it announced the closure of its Leicester
branch after more than 50 years in operation. It still has
10 stores around the country, including two Bentalls
branches in Kingston upon Thames and in Bracknell,
Berkshire. John James Fenwick opened his first shop
in Newcastle in 1882, moving after three years to the
Northumberland Street premises that the company
still occupies. New Bond Street followed in 1891, whe n
Fenwick — known as JJ — pioneered the department
store concept. With £595.8m net assets, the firm is
worth £630m. Dividends and a £100m property
portfolio take the family — including Mark’s cousins
Adam, 56, and Hugo, 52, who both serve as managing
directors — to £730m. 2016: £700m, 164=176= £ 730 m £ 30 m ▲
MARK FENWICK AND FAMILY
Department storesLORD LLOYD-WEBBER
Entry 171=, £740mHENRY ENGELHARDT
AND FAMILY
Entry 180=, £720mRUTH PARASOL
AND FAMILY
Entry 180=, £720mTOM STOCKILL; REX
The Sunday Times Magazine • 59