Rich List 2017 135-250
220 £556m £6m ▲
LLOYD DORFMAN AND FAMILY
Foreign exchange and propertyDorfman, 64, founded his Travelex currency exchange operation
in London with a £25,000 loan from a friend. In 2006 it was
partially taken over in a £1.06bn deal, netting him £240m, and he
had a 34.5% holding when it was sold after being valued at £1bn.
In 2015 he became chairman of the Prince’s Trust and donated
£10m towards renovating the National Theatre. He is now mainly
in the property business and owns 90% of the Doddle parcel
collection service, launched in 2014. Dorfman gave £600,000 to
the EU referendum “remain” campaign. 2016: £550m, 210=221 £553m £227m▼
PETER CRUDDAS AND FAMILY
FinanceCMC Markets floated last year valued at £691m, but after a
difficult year the London finance group is worth just £336m. It
was founded in 1989 by Cruddas, 63, who sold a third of his
shares in the float, raising £140m, with his family retaining a
£203m stake. Dividends, other assets and property add £210m.
A former Conservative Party co-treasurer, London-born Cruddas
gave £350,000 to the Vote Leave campaign. 2016: £780m, 142222= £550m £160m ▲
ANDY BROWN
FinanceFormer Morgan Stanley banker Brown, 61, set up fund manager
Cedar Rock Capital, which has nearly £10bn under its wing
including long-term stocks in Domino’s Pizza, among others. In
2015 profits jumped to £67.8m at the £650m London-based
operation, with Brown owning a 75% stake. 2016: £390m, 289222= £550m No change ■
SIR JACK PETCHEY
PropertyPetchey, 91, has grown a £500m property empire through his
Ilford-based Petchey Holdings. He used the £39 military gratuity
he received at the end of the Second World War to help build a
fleet of cabs, before expanding into used cars, property and
timeshares. In 2006-07 he sold £225m of stakes in six
companies and further sales in 2013 netted more than £50m.
He plans to donate the bulk of his fortune to charity through his
foundation, which gives away £7m annually to support youth
projects in London and the home counties, and has so far gifted
more than £110m. He was knighted in 2016 for services to young
people in east London and Essex, and married the royal sculptor
Frances Segelman in February last year. 2016: £550m, 210=
A Life in the Day, page 158222= £550m £100m ▲
GEOFFREY WARREN
Car sales and landCargiant has revealed more detail of its plans for a £5bn new
town housing 6,500 people on the site of its car supermarket at
Old Oak Common in west London. The dealership, owned by
Warren, 62, wants to build, subject to public consultation, a
residential tower up to 45 storeys high on the banks of the Grand
Union Canal. In 2015 Cargiant’s profits rose to £48.6m on £552m
turnover and the firm is worth £450m. 2016: £450m, 255=225= £545m £58m ▲
GEOFFREY HALSTEAD AND FAMILY
FlooringJames Halstead, a Bury-based maker of vinyl tiles (and until 2013
motorcycle accessories), was founded in 1915 by the grandfather
of Halstead, 87. Its profits rose 7.8% to £23.3m in the six months
to the end of December 2015 and there were strong sales in its
Canadian and French subsidiaries. The operation’s value has
risen to £1bn and the wider family and trusts have a stake worth
£500m. There is other Halstead wealth. 2016: £487m, 240227 £544m £114m ▲
RANJIT AND BALJINDER BOPARAN
FoodBoparan, known as the “Chicken King” in the West Midlands, is
determined to make Bernard Matthews turkeys “bootiful” again.
His takeover of the poultry producer out of administration last
September helped to safeguard the future of more than 2,000
jobs and 400 farms across Norfolk, Suffolk and Lincolnshire, but
the deal is being investigated by the Competitions and Markets
Authority. Boporan, 50, set up his 2 Sisters operation in 1993 and
his West Bromwich empire processes 6m birds every week. The
business also produces Goodfella’s pizzas, Fox’s biscuits and
Matthew Walker Christmas puddings. In 2014-15, 2 Sisters had
£3.14bn sales but turned in a £54.2m loss. It is worth £300m and
past dividends — along with the £225.2m net assets of Boparan’s
separate Amber Rei Holdings property operation — take him
and his wife, Baljinder, 50, to £544m.^ 2016: £430m, 267228= £540m £40m ▲
JOHN ARMITAGE
Hedge fundFormer banker turned hedge fund star Armitage, 57, runs Egerton
Capital, the £12bn London operation he co-founded with William
Bollinger (qv). In 2015-16 profits rose to £135.8m from £94.7m the
previous year, after placing canny bets against energy stocks.
Cambridge history graduate Armitage’s 50% stake and other
interests have boosted his fortune. 2016: £500m, 228=“What do you call a dog made out of
bread?” Fozzie Bear asked in one
Warburtons Christmas television ad. “A
crumb-pet!” The commercial, promoting
a plus-size version of the Bolton-based
bakery’s famous teatime treat, featured
Miss Piggy in a clinch with chairman
Jonathan Warburton, 59, described in the
advert as “Mr Giant Crumpet”.
Straight-talking Lancastrian
Warburton, who calls money “brass”
and speaks of eating beans on toast,
has splashed out on high-profilemarketing campaigns. Before the
Muppets there was Sylvester Stallone
playing an uncompromising delivery
driver. The brand has grown from humble
roots in 1870, when Thomas and Ellen
Warburton opened a small shop, and is
Britain’s second biggest grocery brand by
sales. Jonathan and his cousins Brett, 61,
and Ross, 58, are the fifth generation to
run the family business, which has 12
bakeries and more than 4,500 staff.
In 2014-15 it made £34m profit on £574m
turnover. 2016: £530m, 220=225= £545m £15m ▲
THE WARBURTON FAMILY
BakingJUST BOOTIFUL:
RANJIT AND BALJINDER
BOPARAN
Entry 227, £544mNo muppets: Warburtons
has splashed out on big
marketing campaignsALAMY
The Sunday Times Magazine • 65