245= £500m No change ■
MICHAEL CORNISH AND FAMILY
PackagingCornish, 64 later this month, owns half of a Welsh hydroelectric
generating business but his Lincolnshire-based family’s fortune
came from Linpac, the packaging group that supplied McDonald’s
and was sold in 2003 for £860m. The Cornishes made £700m
and reinvested £120m, but after the operation ran into trouble an
American hedge fund now owns 85% of it. 2016: £500m, 228=245= £500m New entry ★
DAN CRADDOCK
Technology and financeBorn in Stoke-on-Trent, Craddock, 39, has businesses spanning
finance, telecoms, technology and property. He owns £450m Isle
of Man-based DLA Group. Its profits rose to £42.4m in 2016.245= £500m No change ■
JOHN HARGREAVES AND FAMILY
FashionLiverpudlian Hargreaves, 73, built the Knowsley-based Matalan
discount chain. He floated it in 1998 when it was worth £200m,
buying it back in 2006 for £817m. In 2010 he refinanced the firm
in a £525m deal that delivered a £250m dividend. Matalan’s
profitability improved but last year it placed itself in Lloyds
Banking Group’s “special measures” unit. 2016: £500m, 228=238= £520m £45m ▲
MICHAEL AND CHRIS OGLESBY AND FAMILY
PropertyThe Manchester-based developer Bruntwood was founded by
Scunthorpe-born Oglesby, 77. He started off setting up a building
company that became one of the biggest in Lincolnshire, but it
went under and he lost everything except his house. Since 1999
his son Chris, 49, has run the business, which made £67.9m profit
in 2015-16 when net assets hit £449.3m. 2016: £475m, 246=240= £512m £77m ▲
THE MYERS FAMILY
Brewing 2016: £435m, 263For full profile see thesundaytimes.co.uk/richlist240= £512m £106m ▲
DAVID RICHWHITE
FinanceThe sale of state assets in New Zealand made a fortune for
Richwhite, 69, a music-loving Kiwi investment banker who lives
in London. He owns Great Mercury Island, off the New Zealand
coast, hired by Bono and the Edge from U2. Richwhite’s son
Christopher (“Topher”) is a musician and DJ. 2016: £406m, 279242 £510m £190m▼
RICHARD CARING
Restaurants and propertyLast year restaurateur Caring, 68, parted from Jacqui, his wife of
45 years. His establishments include the Ivy, which celebrates its
100th anniversary this year, as well as Scott’s, Le Caprice and
Mayfair’s Sexy Fish. A close friend of Sir Philip Green (qv), he
made his fortune from fashion and would have been worth £710m
were it not for the mooted divorce. 2016: £700m, 164=245= £500m £460m▼
HENADIY BOHOLYUBOV
Finance and industryThe Ukrainian government last year nationalised PrivatBank, the
country’s largest bank, which was 41% owned by Belgravia-based
tycoon Boholyubov, 55, who called the move “illegal”. In 2016 he
and business partner Igor Kolomoisky reached an undisclosed
settlement in a $2bn UK court action over disputed mining assets
with fellow Ukrainian Victor Pinchuk (qv). 2016: £960m, 121245= £500m £30m ▲
STEPHEN BUTT AND FAMILY
FinanceSilchester International Investors, which made £74.7m profit in
2015-16 and has £24bn under management, is run by Butt, 66,
who founded the Mayfair-based operation. The family’s holding is
worth £400m and there are other assets. 2016: £470m, 248=245= £500m No change ■
KEVIN CASH
Internet and propertyCash, 53, survived teenage bankruptcy to become a millionaire
by his late twenties by buying prime London property and then
invested in internet firms in the mid-1990s. Birmingham-born
Cash has a London home in Regent’s Park. 2016: £500m, 228=245= £500m No change ■
THE CLARKE FAMILY
PropertyThe Clarke family’s Le Masurier operation is one of Jersey’s
largest privately owned developers and has recently bought
industrial properties in Staffordshire and Hampshire, adding to
retail outlets and pub sites on the island. 2016: £500m, 228=The hedge fund that Marshall, 57, started
with Ian Wace in 1997 manages $26bn
worldwide. The pair have engineered
quite a comeback since the 2007-08
financial crisis, when assets under
management fell from $15bn to $4bn.
The past year has been a bumper
time for the pair, with profits enjoyed by
Marshall Wace members in 2015-16
surging to £380.8m, a rise of £71m from
the year before. Marshall and Wace
sold a 25% stake in their fund to the
American private equity group KKR in
2015, bringing in payments of at least
£50m each, plus £93m worth of KKR
shares to the fund.Marshall and Wace, 54, are founding
trustees of the Ark children’s charity and
academy chain. Marshall, who donated
£30m to the London School of Economics
in 2015, was knighted last year for services
to education and philanthropy. He left the
Liberal Democrats in 2015 after his support
for Brexit put him at odds with the party’s
stance. His son is Winston Marshall (qv), of
the folk rock supergroup Mumford & Sons.
Wace has said his motivation for Ark
stems from the death of his first wife and
his two young children in a car accident in- In 2012 he married London-born
Saffron Aldridge, a former Ralph Lauren
model. 2016: £465m each, 252=
243= £505m each £40m ▲
SIR PAUL MARSHALL AND IAN WACE
Hedge fund“I don’t
know
anything
about
business.
I’ve just
learnt as I’ve
gone along”
JOHN HARGREAVESRich List 2017 135-250
CONTINUED ON PAGE 78
EYEVINE
Party break: Brexit left
Marshall at odds with the
Liberal DemocratsThe Sunday Times Magazine • 71