Rich List 2017 135-250
228= £ 540 m £ 30 m ▲
ABDUL BHATTI AND FAMILY
Cash and carryIn 1968 Bhatti, 81 , and his school friend Sir Anwar Pervez (qv)
joined Adalat Chaudhary (qv) to set up a shop in London’s Old
Brompton Road. They later founded the Bestway cash-and-carry
to pharmacy conglomerate, which had record profits of £401m
on £2.8bn sales in 2015-16. His family’s stake in the £5.5bn
businesses amounts to £522m. 2016: £510m, 224=228= £ 540 m £ 30 m ▲
ADALAT AND ARSHAD CHAUDHARY
Cash and carryChaudhary, 82, and his son Arshad, 57, own a 9.5% stake in the
London-based cash-and-carry to pharmacies operation
Bestway, headed by Sir Anwar Pervez (qv). 2016: £510m, 224=228= £ 540 m £ 13 m ▲
DAVID WILSON AND FAMILY
ConstructionProfits at Wilson’s Davidsons Developments, a £150m
Leicestershire operation, soared to £14.5m on £86.6m sales in- Wilson, 75, and his family netted £727m in cash and shares
when Leicestershire-based housebuilder Wilson Bowden was
sold to Barratt in a £2.2bn deal in 2007. 2016: £527m, 223
232 £ 535 m £ 35 m ▲
MORTEN HOEGH
ShippingHoegh LNG operates oil and liquefied natural gas terminals and
carriers from Oslo, and is chaired by London-based Hoegh, 43.
Its share price has recovered after falling during the oil industry
slump, putting the family stake at £261.8m. Hoegh Autoliner, a
transporter of cars , adds to his wealth. 2016: £500m, 228=233 £ 532 m £ 68 m▼
ALASTAIR SALVESEN AND FAMILY
Transport and plant hireAfter a rough year on the stock market, Glasgow-based plant hire
and temporary-power supply group Aggreko is worth £2.6bn,PETER SIMON AND FAMILY
Entry 234=, £530mwith the Salvesen family’s 20% stake valued at £460m, a fall of
£68m. Salvesen, 75, attended Fettes College and is deputy
chairman of the Edinburgh school’s trust. 2016: £600m, 197=234= £ 530 m £ 48 m ▲
FAWN AND INDIA ROSE JAMES
Property The Rich List interview, page 102234= £ 530 m £ 20 m ▲
PETER SIMON AND FAMILY
FashionSri Lankan-born Simon’s high street fashion chains Monsoon and
Accessoriz e are struggling. Profits in 2014-15 for the pair came in
at £846,000, but the parent company showed assets of £246m.
Monsoon floated in 1998 before Simon, 67, took it private again in
2007 in a £755m deal. While we clip it to £400m , there is a recent
hefty £27m dividend and other wealth. 2016: £510m, 224=234= £ 530 m No change ■
THE WALKER FAMILY
Aviation, steel and propertyBest known as the benefactor of Blackburn Rovers, the late Jack
Walker and his trustees spent £97m on the football club. The
family’s wealth dates to a sheet metal business founded after the
Second World War. It was sold for £330m in 1989. The Walkers
also made more than £25m selling their stake in the low-cost
airline Flybe and have property assets. 2016: £530m, 220=237 £ 526 m £ 9 m▼
GARY KLESCH
Industry and investment 2016: £535m, 219For full profile see thesundaytimes.co.uk/richlist238= £ 520 m £ 20 m ▲
BILL AINSCOUGH AND FAMILY
PropertyThe largest Ainscough company is Network Space, which is
based in St Helens and owns and manages more than 3m sq ft of
industrial and office buildings. Classic car fan Ainscough, 67, and
his family have businesses worth £510m , plus wealth amassed
from past dividends and other assets. 2016: £500m, 228=245= £ 500 m New entry ★
SIR DAVID AND LADY TANG AND FAMILY
Fashion and restaurantsOften referred to as “Britain’s
best-connected man”, Tang
arrived in the UK from Hong
Kong at the age of 13, speaking
no English. He was educated at
the Perse School in Cambridge,
where he failed his English
O-level six times, then King’s
College London. He made his
first fortune from the Shanghai
Tang fashion label, selling it in- Tang, 62, was friends with
the late Lady Thatcher, right,
and hobnobs with Labour
leader Jeremy Corbyn,
below, Kate Moss and
Prince Charles.
His restaurants
and clubs include
China Tang at
the Dorchester
in Mayfair and
the China Club
in Hong Kong
and Singapore.
He also founded the “lifestyle”
retailer Tang Tang Tang Tang,
a name inspired by the opening
bars of Beethoven’s Symphony
No 5. His grandfather founded
Hong Kong’s biggest bus firm
and Tang is a generous donor
to charity. An art lover and
“agony uncle” for the Financial
Times , Tang has had a liver
transplant and is teetotal.
He was introduced to his
Essex-born second wife, Lucy,
by Tania Foster-Brown, once an
aide to Sir Philip Green (qv).
Lucy, whose family
founded Essex paint
maker CW Wastnage,
has run endurance
races for charity.
The couple have a
home in Belgravia
but spend much
of their time in
Hong Kong.Top table: David Tang dines
with Margaret Thatcher
during a visit to Hong Kong
in the 1980sGETTY; REX
The Sunday Times Magazine • 67