Rich List 2017 Billionaires
37 £ 3.25bn £ 100 m ▲
EDDIE AND SOL ZAKAY
PropertyZakay, 66, and his brother Sol, 64, own 37 hotels, including the
Royal Crescent in Bath , at least 165 commercial properties and
more than 320 tenancies. The pair’s London-based Topland
operation has financed schemes with a development value of at
least £750m and they have diversified into lending, venture
capital and renewable energy. Their property portfolio’s increase
in worth justifies raising the siblings’ value. 2016: £3.15bn, 3238 £ 3.14bn £ 140 m ▲
MARK PEARS AND FAMILY
PropertyPears, 54, took over his family’s London-based property empire
at the age of 21 after the death of his father, Clive. Since then the
group that Pears runs with his brothers Trevor and David has
amassed a vast portfolio, including the Coutts bank building on
the Strand. Through its Telereal Trillium operation William Pears
Group owns 8,000 properties across the UK, with a value of
£6bn, and its Talisman Global Asset Management business is
worth £50m. The most recent accounts of its largest company
showed an increase of £40m of net assets in a year and profits of
£93.3m in 2016. There are also investments, such as the $100m
the family made from the Facebook float. 2016: £3bn, 3539 £ 3.09bn £ 40 m ▲
TOM MORRIS AND FAMILY
Discount storesMorris’s ambition is undimmed. The discount retailer, whose
family has run shops for three generations, began building hisempire in Liverpool at the age of 21 and plans to double the size of
his Home Bargains chain, which has 400 stores. The business
sells health and beauty products, household goods, food and
toys, and saw its turnover in 2015-16 reach £1.6bn. Net assets
grew to £614.8m. The operation is worth £3bn and Morris, 63,
and his family own it all. We add £90m for salaries and dividends,
including £58m in the past three years. 2016: £3.05bn, 3440 £ 2.95bn £ 150 m ▲
SIR ANWAR PERVEZ AND FAMILY
Cash and carryPervez came to Britain from Pakistan aged 21 and opened his first
shop in 1962. He turned to cash and carry in 1966 and his
Bestway Group now trades from 62 warehouses under the
Bestway and Batleys brands. The London-based conglomerate,
which has also developed substantial pharmacy, cement,
property and banking services, saw profits surge to £401m in
2015-16. His family owns just over half, worth £2.75bn, and other
wealth adds £200m. Pervez, 82, would be even richer were he
not such a generous donor to charity. 2016: £2.8bn, 3941 £ 2.787 bn £ 433 m▼
SIR PHILIP AND LADY GREEN
RetailingGreen has agreed to write a £363m cheque to fund the pensions
of former BHS staff, having initially offered £80m. The saga of the
collapsed high street giant is not his only headache. Last year we
valued his stake in the Arcadia retail group, owner of Topshop,
Topman, Burton, Dorothy Perkins and Miss Selfridge, at £1.9bn.
We clip that to £1.55bn owing to falling sales, reduced assets and
a ballooning pension deficit. We lower Monaco-based Green, 65,
and his wife, Tina, 67, to £2.787bn. 2016: £3.22bn, 29
Called to account, page 3644 £ 2.629 bn £ 679 m ▲
SIR MICHAEL MORITZ AND HARRIET HEYMAN
InternetSIR ANWAR PERVEZ
AND FAMILY
Entry 40, £2.95bnMoritz recently likened fellow private equity
billionaire Stephen Schwarzman to a character
in Goodfellas, the Martin Scorsese mafia film,
for his close relationship with Donald Trump. He
had previously described the US president as
“little more than a hustler who takes from the
rich... and also takes from the poor”. Cardiff-
born Moritz, 62, is a partner in the Silicon Valleyfirm Sequoia Capital. He is the wealthiest
person from Wales on our list. Sequoia was an
early backer of Google and saw the value of its
£8m investment soar to £6.3bn at its peak.
Backing Apple, PayPal, Yahoo! and WhatsApp
has also paid off handsomely. He also invested
in the giant Chinese online retailer Alibaba.
A Manchester United fan, Moritz wrote a bookon leadership with Sir Alex Ferguson. Moritz and
his wife, American author Harriet Heyman ,
donated $50m to the University of Chicago for
scholarships for low-income students, after
giving £75m to Oxford University, where he
studied history. He was knighted in 2013 for his
philanthropy and promotion of British economic
interests. 2016: £1.95bn, 5432 • thesundaytimes.co.uk/richlistFergie time: Sir Michael
Moritz, right, and former
Manchester United manager
Sir Alex Ferguson combined
to write a book on leadershipGETTY