The Sunday Times Magazine – 7 May 2017

(Ron) #1

Rich List 2017 135-250


213 £ 580 m No change ■
THE DUKE OF SUTHERLAND
Art and land

The duke’s 18th-century Mertoun House in the Scottish Borders
holds his £1bn Bridgewater Collection, with paintings by artists
including Raphael, Rembrandt, Rubens and Tintoretto. He sold
two Titians to the nation for £95m but if Sutherland, 77, wanted to
sell his artworks we reckon he would only realise £450m. We add
£35m to the duke for land holdings. 2016: £580m, 205=

214 £ 576 m £ 36 m ▲
SIR TOM HUNTER
Retailing and property See In numbers, left

215 £ 575 m £ 110 m ▲
SIR DAVID SAMWORTH AND FAMILY
Food

Best known for Ginsters pies and pasties, Leicester-based
Samworth Brothers manufactures 50% of the UK’s pork pies. A
near-£16m rise in profits to £49.5m on £928m sales in 2015-16
suggests the operation is worth £500m. Samworth, 81, who is life
president of the business, was knighted in 2009 for his charity
work in education in the UK and Africa. 2016: £465m, 252=

216 £ 561 m £ 9 m▼
DERRICK SMITH
Finance

The Sandy Lane hotel in Barbados is part-owned by Smith, a
former Ladbrokes trading director. In recent years he has done
well from currency trading with Joe Lewis and Michael Tabor
(both qv), although his investment in the pub group Mitchells &
Butlers lost him another £9m last year. Smith, who made a good
return from the Barchester Healthcare nursing home operator,
also owns thoroughbred racehorses. 2016: £570m, 207=

217= £ 560 m £ 128 m ▲
LORD ALLIANCE AND FAMILY
Mail order and textiles

The dressing gown worn by Prince George when he met then
president Barack Obama last April was from My 1st Years, the
Northampton-based fashion firm backed by Iran-born Alliance,
84, who built Coats Viyella, now known as Coats. He has stepped
down as chairman of Manchester’s N Brown mail-order empire
but his family stake has risen to £495m. He also owns a large
collection of Lowry paintings and his Anglo Eastern Trust
property operation has £34m net assets. 2016: £432m, 264=

217= £ 560 m £ 370 m ▲
LANCELOT CLARK AND FAMILY
Footwear

High street staple Clarks sells more than 50m pairs of shoes a
year. The Somerset firm is 84.3% family-owned — a stake we
value at £545m — and Lancelot, 81, has a 6% holding. In 2015-16
there were assets of £648.9m. Clark is an accomplished artist,
selling his watercolours on his personal website, and his Soul of
Africa charity has helped more than 18,000 young people. His
son Galahad runs London-based footwear retailer Vivobarefoot,
with ultra-thin shoes “inspired by nature”. 2016: £190m, 557=

217= £ 560 m £ 10 m ▲
LORD SAINSBURY AND FAMILY
Supermarkets

Former Labour minister David Sainsbury, 76, spent more money
than anyone trying to keep Britain in the EU, but his £4.2m did not
buy the result he wanted. At one point it looked as if the £2.1m he
donated to the Liberal Democrats would get him suspended by
Jeremy Corbyn. The supermarket chain behind his family fortune
is valued at £5.85bn. Sainsbury has given away more than £1bn
through his Gatsby Charitable Foundation. 2016: £550m, 210=
Who bought the EU referendum? page 94

206 £ 610 m £ 40 m ▲
PADDY McNALLY
Advertising and hospitality

Donegal-born McNally, 79, made his fortune in Formula One
hospitality before retiring six years ago. He founded Geneva-
based Allsport to handle F1 trackside advertising. The Paddock
Club, which caters for VIPs at race circuits, really took off and
was sold in 2006 for a reported $350m. His extensive property
assets include Warneford Place in Wiltshire, once home to the
James Bond author Ian Fleming. 2016: £570m, 207=

207= £ 605 m No change ■
MICHAEL LEMOS
Inheritance

Freight forwarding company CM Lemos saw profits recover to
£172,923 on £2.3m sales in 2015. It is owned by London-based
Lemos, 62 next Sunday, the son of Greek shipping tycoon
Constantinos Lemos. By the time “Costas” died in 1995 the family
had diversified into property, insurance and tourism operations.
Lemos and his two sisters inherited £1.1bn. 2016: £605m, 196

207= £ 605 m £ 55 m ▲
CLINTON, SPENCER AND JOHN McCARTHY
Construction

John McCarthy, 77, founded the retirement homes specialist
McCarthy & Stone in 1976. It was taken over in a £1.1bn deal in


  1. His sons Spencer, 53, and Clinton, 52, own Hampshire-
    based Churchill Retirement Living, which made a record £57.3m
    profit in 2015-16 when assets grew by more than 50% to £97.9m.
    Dividends and other interests add £55m. 2016: £550m, 210=


209= £ 600 m No change ■
MANNY DAVIDSON AND FAMILY
Property

Monaco resident Davidson, 86, started Asda Property in 1964
and the family’s stake was worth £253m when it was taken over
in 2006. The Londoner and his wife Brigitta’s £600m trust for
their children Gerald and Maxine became the subject of a court
battle, and the £12m family home in Gloucestershire was put up
for sale amid claims the parents had been “domineering”. Ignoring
the dispute, we keep the family at £600m. 2016: £600m, 197=

209= £ 600 m No change ■
HENRY MOSER AND FAMILY
Finance

When Moser, 67, began selling cars in the 1970s, he and his
business partner realised they could make as much money from
vehicle loans. Moser started Together, his specialist Cheshire-
based mortgage lender, and grew its loan book to £725m. Parent
Jerrold Holdings made £90m profit in 2015-16 and Moser has a
£70% stake after selling a 30% share in 2016 for £113.5m. The
operation is reported to be worth between £800m and £1bn, plus
there is talk of a stock market float. 2016: £600m, 197=

209= £ 600 m £ 50 m ▲
SIR PETER RIGBY
Computers, aviation and hotels

Rigby, 73, only ever wanted to fly for the RAF, but after his father
lost his sight he felt it inappropriate to take up an RAF scholarship
and instead went into business. Rigby Group, which is a parent of
Specialist Computer Centres, owner of the Eden Hotel Collection
and operator of Coventry, Exeter and Norwich regional airports,
has a £1.8bn turnover and £280m assets. The Midlands-based
outfit’s profits rose to £22.3m in 2015-16. 2016: £550m, 210=

212 £ 598 m £ 178 m ▲
RICK SMITH AND FAMILY
Distribution 2016: £420m, 273=

For full profile see thesundaytimes.co.uk/richlist

LORD SAINSBURY
AND FAMILY
Entry 217=, £560m

IN NUMBERS

SIR TOM


HUNTER
Entry 214, £576m
2016: £540m, 215=

1
van from which Hunter
sold trainers in 1984

252m
pounds he made by
selling Sports Division
14 years later

1bn
pounds he pledged to
give to charity in 2007

6
years absent from
Rich List after the
2008 crash

250m
pounds or more lost in
that crash

50m
pounds given through
the Hunter Foundation
to date

1
Carnegie Medal of
Philanthropy awarded
in 2013

GETTY; ALAMY


The Sunday Times Magazine • 63
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