The Sunday Times Magazine – 7 May 2017

(Ron) #1

305 £395m £12m ▲


JACK TORDOFF AND FAMILY
Car sales


Tordoff, 82, was 15 when his father died, and went to work at his
family’s Bradford garage to please his mother. He started as a
dogsbody and once he had learnt the ropes she lent him £1,000
to buy out his father’s business partners. Instead of paying her
interest, he bought her a television set. Today the JCT600 car
dealership, which is run by his son John, has 50 outlets
throughout Yorkshire, Lincolnshire, Derbyshire, Nottinghamshire
and the northeast. It had sales of £1.1bn in 2015 and is worth
£363m, with other assets adding £32m. 2016: £383m, 294


306 £393m £43m ▲


CHRISTOPHER MORAN
Finance and property


In November the Queen attended the unveiling of a portrait of
herself by Northern Irish artist Colin Davidson at Crosby Hall, a
grade II listed, 85-room house in Chelsea. Moran, 69, bought the
property for £100,000 in 1988 and after spending £50m on
restoration it is now valued at £100m. Moran built his fortune at
Lloyd’s and on the stock market, and has lately made even more
in property. His Chesterlodge holding company saw assets rise
£43m to £349m in 2015-16. He is also chairman of the peace-
building charity Co-operation Ireland. 2016: £350m, 313=


307= £390m £15m ▲


MARK BURNETT AND ROMA DOWNEY
Television See panel, page 87


307= £390m £20m ▲


MARTIN HUGHES
Hedge fund


Hedge fund star Hughes, 55, is known as “the Rottweiler” in the
City. He owns the London-based Toscafund operation and its
parent, Old Oak Holdings. Its profits rose sharply in the latest
accounts, from £20m to £58m, with assets up £18m at £291m.
Toscafund made about £200m from the £1.2bn float in 2013 of
Esure, the insurer founded by Sir Peter Wood (qv), and in
September 2016 Hughes doubled Toscafund’s stake there. We
raise the value of the businesses to £330m, adding £60m for
salaries, dividends and other interests. 2016: £370m, 301=


307= £390m £5m ▲


VIVIAN IMERMAN
Spirits and food


As chief executive of Del Monte, Imerman transformed the tinned
fruit giant and made £380m from his share. “The Man from Del
Monte” and his then brother-in-law Robert Tchenguiz later took
control of Scottish whisky group Whyte & Mackay and made
£396m from its sale. Johannesburg-born Imerman, 61, runs the
London investment group Vasari and has netted more than
£100m from property sales in the capital. 2016: £385m, 291=


307= £390m £10m ▲


DAVID LEWIS AND FAMILY
Art and property


Lewis, 78 on Wednesday, ran three listed property firms from the
1970s until the 1990s. He sold one, Hampton Trust, for £100m just
before the 1987 crash, and his bricks-and-mortar empire was
valued at £100m in 2006. His main company, London-based
Molyneux Securities, showed £13.4m net assets in 2015-16 and he
owns the £310m Schorr art collection. 2016: £380m, 295=


307= £390m £105m ▲


DAVID PEARL
Property


London-based Pearl, 71, has acquired the site of the £14m Hatton
Garden robbery and wants to turn it into a tourist attraction. Four
ageing villains who drilled through a concrete wall to access the


vault were jailed last year. His Structadene property company
has buildings in London, Scotland and Wales and saw assets
surge by nearly £100m to £367m in 2015. It is worth £385m.
Pearl, a keen cyclist, has other assets. 2016: £285m, 370=

312 £387m £3m ▲
RICCARDO ZACCONI
Games

With backing from Mel Morris (qv), Italian-born Zacconi, 50 on
Thursday, and Sebastian Knutsson (qv) co-founded King Digital
Entertainment, the London creator of the Candy Crush Saga
computer game. Its 2015 sale valued Zacconi’s stake at £376m
and he remains chief executive. An Italian businessman last year
bid £18,000 to have lunch with him. 2016: £384m, 293

313= £385m £15m ▲
TOM SINGH AND FAMILY
Fashion

Singh, 67, founded fashion giant New Look in 1969 as a single
store in Taunton. It now has nearly 1,000 outlets worldwide and
was sold to South African tycoon Christo Wiese (qv) for £1.9bn in


  1. Singh has put money into the internet bouquet delivery
    service Floom and a hairdresser booking app, Rock Pamper
    Scissors. He remains a non-executive director at New Look,
    where his family has a 10% stake. 2016: £370m, 301=


313= £385m No change ■
PETER WILKINSON
Internet

Wilkinson’s InTechnology has agreed a seven-year deal with the
Football League to install digital hubs at stadiums. Wilkinson, 62,
made £68m from the sales of Freeserve and Planet Online but
kept the latter’s football websites and later sold them to BSkyB
for shares worth £89m. He netted £65m from Harrogate-based
InTechnology’s 2013 reverse takeover. 2016: £385m, 291=

315= £380m £73m ▲
JAMES BENAMOR
Finance

Appearing on Channel 4’s The Secret Millionaire, Benamor
revealed that in his youth he dabbled in petty crime and drugs, an
experience that made him passionate about helping disaffected
youngsters. He started his business from his kitchen table at the
age of 21 and Amigo Loans has since had more than 200,000
customers. Benamor, 39, stepped down from its helm in 2015 but
remains chief executive of his Bournemouth-based Richmond
Group, which oversees Amigo and invests in education, housing
and financial services businesses. 2016: £307m, 345

315= £380m £30m ▲
GERALD RONSON AND FAMILY
Property and fuel distribution

Ronson Capital Partners last year completed Riverwalk, its first
luxury London development. Net assets at Ronson’s Heron
property business rose £30m to £261m in 2015. Five years ago
he joined forces with a South African bank and a private equity
firm to buy Total’s British service stations for £350m, merging
them with his Snax 24 chain to achieve group sales of £1.5bn.
Ronson, 77, donates heavily to charity. 2016: £350m, 313=

317 £375m No change ■
MICHAEL AND XOCHI BIRCH
Internet

Birch, 46, and his 45-year-old wife, Xochi, are redeveloping five
buildings in Woolsery, the Devon village where Birch’s ancestors
lived. Raised in Cheshunt and now living in a $13m mansion in San
Francisco, the internet entrepreneur started the Bebo social
networking site with his Los Angeles-born wife in 2005, netting
£357m when they sold it to AOL, before buying it back for
£600,000 in 2013. The pair have invested in about 50 start-ups
and they also own a pub in San Francisco. 2016: £375m, 298=

Wealthiest


car dealers


Rich List 2017 251-500


1 The Clark family
Arnold Clark Group
£1.1bn (4 8)

2 Lord Edmiston
IM Group
£1.02bn (50)

3 Geoffrey Warren
Cargiant
£550m (65)

4 Jack Tordoff
JCT600
£395m (85)

5 Sir Michael Marshall
Ridgeway Garages
£230m (108)

6 Keith Bradshaw
Listers of Coventry
£215m (111)

7 Sir Colin Giltrap
Giltrap Group
£205m (113)

8 Tony Bramall
Lookers
£192m (114)

9 Sir Peter Vardy
Peter Vardy
£177m (118)

10 Michael Hunt
Nissan UK
£175m (118)

11 Douglas Park
Park’s of Hamilton
£154m (123)

12 Terry Lister
Listers of Coventry
£130m (131)

Fortunes include
family wealth

The Sunday Times Magazine • The Sunday Times Magazine • 8585
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