The Sunday Times Magazine – 7 May 2017

(Ron) #1

Rich List 2017 251-500


374= £ 310 m £ 10 m ▲
SUKHPAL SINGH AHLUWALIA
Car parts

Ahluwalia, 58, arrived in Britain as a refugee from Idi Amin’s
Uganda at 13 and is backing the creation of a London migration
museum to focus on positive aspects of a divisive public issue. He
founded Euro Car Parts in Willesden in 1979 while still a teenager
and sold it for £285m. His London asset management operation
Dominvs Group has a £450m portfolio. 2016: £300m, 350=

374= £ 310 m £ 70 m ▲
THE WALDUCK FAMILY
Hotels 2016: £240m, 437=

376 £309m £9m ▲
NIGEL WRAY
Property and food See panel, page 93

377 £ 306 m £ 24 m▼
RAY O’ROURKE AND FAMILY
Construction

Laing O’Rourke is the civil engineering firm behind Heathrow’s
terminal 5 and London’s luxury One Hyde Park. Co Mayo-born
O’Rourke, 70, a Jersey resident, launched the Grays-based
business in 1978 with brother Des. It recorded a pre-tax loss of
£267.2m in 2015-16 but we value it on the £275.7m of assets in
O’Rourke Investments Holdings (UK). 2016: £330m, 328=

378 £ 305 m No change ■
JIM AND FITRI HAY
Oil and horseracing

Dubai resident Hay runs JMH Group, which turns over £480m
annually through its construction, fashion and asset management
operations. The Glaswegian has extensive racing interests and
owns Savile Row outfitter Bernard Weatherill. In 2011 Hay, 66, and
his Indonesian-born wife, Fitri, 46, bought Harold Mac millan’s
former Sussex residence for £25m. 2016: £305m, 346=

379 £ 303 m £ 153 m ▲
NICK ROBERTSON
Internet retailing

London online fashion retailer Asos was founded in 2000 by
former advertising executive Robertson, 49, great-grandson of
Austin Reed. He stepped down from an executive role in 2015,
selling a £20m holding to pay a tax bill, and offloaded a further
£70m of shares last year to fund the divorce from his wife, Janine.
He still owns a 6.6% stake worth £283m. 2016: £150m, 685=

380= £ 302 m No change ■
SIR JOHN AND PETER BECKWITH
Property and fi nance 2016: £302m, 348=

380= £ 302 m No change ■
ROBERT EARL
Restaurants

London-born US entrepreneur Earl has been opening restaurants
for more than 45 years and recently completed a $25m refit of a
branch of his Planet Hollywood operation in Florida. Last year he
sold his 23% stake in Everton football club to Farhad Moshiri (qv)
for £40m — not bad, considering it cost him £9m in 2006. In
2001 Earl, 65, paid £41,000 at auction for Ursula Andress’s white
bikini from the James Bond film Dr No to hang on the wall of his
movie-themed restaurant in New York. 2016: £302m, 348=

382= £ 300 m £ 60 m ▲
ADRIAN BINKS
Business services 2016: £240m, 437=

382= £ 300 m £ 45 m ▲
DAVID BLOOD
Finance 2016: £255m, 410=

382= £ 300 m £ 35 m ▲
STEVE AND CLIVE BOULTBEE BROOKS
Property See panel, page 98

Beckham’s earnings over the
past year would make even a
Premier League star blush.
Well, almost. There are
dividends of £24m from his
two main companies paid to
him and his wife, Victoria, in
2015, plus profits of £8.6m
from a new venture, Seven
Global, in its first seven
months. Since Beckham, 42
last Tuesday, blew the whistle
on his 21-year football career
four years ago, brands have
queued up to harness the
marketability of the former
England captain, including
Adidas, H&M and Haig whisky.
His Footwork Productions
paid him more than £147m in
salary and dividends from
2002 to 2015. In an analysis of
the 20 highest-paid athletes of
all time , Forbes puts his career
earnings at $730m (£600m).
Hertfordshire-born Victoria,
43, received an OBE from
Prince William last month for
services to the fashion
industry. She made her fortune

with the Spice Girls and has
developed her own fashion
brand, but losses soared to
£4.3m in 2015. In the latest
move to expand brand
Beckham, five-year-old
daughter Harper’s name was
trademarked last month.
Siblings Brooklyn, 18, Romeo,
14, and Cruz, 12, were
previously trademarked in
seven categories, including
beauty products and clothing.
Beckham is the face of the 7
campaign for Unicef, raising
funds to combat malnutrition,
Aids and violence against
young people. Unicef defended
him earlier this year when
unflattering emails showed
him to be angry that he had not
received a knighthood.
These concerns, as well as
the Kensington-based couple’s
expensive lifestyle and a clash
with the taxman over a film
scheme investment, lead us to
be more cautious about their
wealth than some , raising them
by £20m. 2016: £280m, 377=

382= £ 300 m £ 20 m ▲
DAVID AND VICTORIA BECKHAM AND FAMILY
Football and fashion

BOND PURCHASE:
ROBERT EARL
Entry 380=, £302m PA; ALAMY

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