The Sunday Times Magazine – 7 May 2017

Rich List 2017 251-500

its newspaper operations in 1987 and 2012 raised £78m. The

group showed profits of £10.4m on a £50.8m turnover in 2015-16,

but we value it on its £235m assets. 2016: £290m, 364=

422= £ 270 m No change ■

TONI MASCOLO AND FAMILY

Hairdressing

The third generation of Italian hairdressers, Mascolo, 75

yesterday, and his late brother Guy opened their first salon in

Clapham, south London, in 1963. Today the London-based

Toni & Guy chain has more than 475 franchised salons in 48

countries , generating £175m annual sales. 2016: £270m, 389=

422= £ 270 m No change ■

RICHARD, DESMOND AND ELEANOR MAYBURY

Travel

Siblings Richard, 61, Desmond, 55, and Eleanor, 58, founded Big

Bus Tours, whose burgundy-and-cream open-top fleet is well

known in central London and has expanded to more than 300

vehicles worldwide. Private equity group Exponent jumped on

board the operation in early 2015, reportedly paying close to

£300m for the Mayburys’ 70% stake. 2016: £270m, 389=

422= £ 270 m New entry ★

ANDREW PAGE

Software

London-based Alfa Sys tems provides specialist software

services to the asset and consumer finance industries, with

clients including Barclays Bank, Hitachi and Toyota. It is chaired

by co-founder Page, 54, who has an almost 90% stake. In 2015

profits rose to £23.5m on £54.3m sales and there was talk of a

float last October, valuing the business at more than £300m.

422= £ 270 m £ 10 m▼

STEPHEN VERNON

Property 2016: £280m, 377=

431= £ 267 m £ 7 m ▲

COLIN ALLEN AND FAMILY

Caravan parks and hotels

Bourne Leisure, owner of Butlin’s holiday camps, made a record

£134.1m profit on £951.4m turnover in 2015 for Allen, 57 last

Wednesday, and his family. The Allens have a £220m stake in the

£1.1bn Hemel Hempstead-based business founded by Allen’s

late father, David, and Peter Harris (qv). 2016: £260m, 403=

431= £ 267 m No change ■

EDWARD ATKIN AND FAMILY

Babycare products

Since Atkin, 72, sold his baby-feeding business Avent for £300m

in 2005 he has dedicated his time to his charitable foundation

and to his Cambridge-based development company ARCC

Innovations. Among its inventions is a gadget that transforms

push-bikes into electric-powered bicycles. 2016: £267m, 397

433= £ 265 m £ 5 m ▲

MIKE CLARE

Bedding and investment

Clare, 62, sold his Dreams bed retail empire for £222m in 2008

and owns several quirky hotels. His Buckinghamshire-based

AmaZ ing Venues portfolio includes the 15th-century Ackergill

Tower castle in Caithness and a French-style chateau on the Isle

of Anglesey. There is other property. 2016: £260m, 403=

433= £ 265 m £ 5 m ▲

GUY AND JULIA HANDS

Finance and hotels

Hands and his wife, Julia, both 57, operate 20 hotels, including

Ettington Park in Stratford-upon-Avon. While his wife runs Hand

Picked Hotels, he heads Guernsey-based private equity house

Terra Firma. Several of its £40bn of deals have been successful,

including the sale of Odeon cinema s. 2016: £260m, 403=

“A lot of people think that artists need to be poor,

or that you can’t have a focus on money,” Hirst

said last year. “I don’t think it [money] should be

considered a dirty word. Andy Warhol made it OK

for artists to deal with money.”

He will be significantly richer soon, if the

exhibition billed as his “second coming” lives up

to the extravagant hype. Ten years in the making,

Treasures from the Wreck of the Unbelievable

took over two museums in Venice last month,

upstaging the city’s 57th Biennale, which opens

on Saturday. The 250 Hirst works on show are for

sale at prices from $400,000 (£300,000) to $4m.

Once the art world’s enfant terrible, Hirst has

become its richest figure, with a property empire

worth £150m. He bought an 18-bedroom Palladian

house overlooking Regent’s Park for £39.5m in

2014 and last year secured planning permission

for a basement with a 25-metre pool and yoga

room. He also has a 2,000-piece art collection,

including works by Francis Bacon and Banksy,

which he exhibits at the Newport Street Gallery

he opened in Vauxhall in 2015. In Ilfracombe,

Devon, he has the Other Criteria gallery. His 66 ft

bronze statue Verity sits on the pier nearby, and

he has designed 500 eco-homes for the town.

Bristol-born Hirst, 51, earned £263.4m in

auctions of his work from 2003 to 2008. We see

£210m of net assets in the 2015 accounts of

Murderme and another Hirst company, a rise of

£20m. His manager has described him as a

billionaire, but we disagree. 2016: £250m, 418=

422= £ 270 m £ 20 m ▲

DAMIEN HIRST

Art

GUY AND JULIA HANDS

Entry 433=, £265m

GETTY

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