April 18 2014 Latest news:
Friday, April 27, 2012
East Anglia’s 20 richest people have not only weathered the economic recession but many have actually seen their wealth increase in the past year, according to the Sunday Times Rich List.
Overall, 13 of the region’s 20 wealthiest people have seen fortunes increase in the past year, with the total wealth of those listed rising 4pc from £8.45bn to £8.85bn.
Newmarket-based Kirsten Rausing has kept hold of the top spot, with a fortune worth £3.9bn. Her wealth, which comes from the Tetra Laval packaging empire which she shares with her younger London-based brother Jorn, 52, makes her the 15th richest person in the UK and the nation’s third wealthiest woman.
In second place is the Earl of Iveagh and the Guinness family, who own the Elveden estate and are estimated to have a fortune totalling £850m.
The highest-ranked Norfolk entry in the list is Robert Carter and family, whose construction business has helped them to amass a fortune of £134m – up £27m from last year’s figure – placing them 13th in East Anglia and joint-560th in the UK.
Philip Beresford, who compiles the Sunday Times Rich List, said the reason East Anglia’s wealthiest people were recession-proof was largely based on the nature of their wealth.
He said: “Their wealth is in the services and products like gas and energy or land and they have come through the fire of the recession fine. They have niche businesses in niche markets.”
He added part of their success was often due to the global nature of their business interests – a geographical diversity of interests protecting them from the fluctuations of domestic markets. Others joined the ranks of the super-rich by selling the businesses they had grown, pocketing huge sums of money in the process.
The list, produced annually by the newspaper, is based on identifiable wealth such as land, property and assets and excludes bank accounts.
Name (source of wealth) – national rank – 2012 value (2011 value)
1. Kirsten Rausing (inheritance, investment) – 15 – £3,900m (£3,900m)
2. The Earl of Iveagh and the Guinness family (brewing, property) – =87 – £850m (£850m)
3. Marcus Evans (business services) 135 £625m (£625m)
4. Mike Lynch (software) 184= £480m (£396m)
5. David and Richard Thompson (food, horseracing) – 195 – £460m (£460m)
6. Douw Steyn and family (insurance) – =212 – £420m (£360m)
7. Edward Atkin and family (babycare products) – 305 – £255m (£235m)
8. Gregory Darling (marine services) – =367 – £205m (£130m)
9. Colin Hill (property) =370= £200m (£200m)
10. David Allen (caravan parks) – =451 – £165m (£165m)
11. Paul Day and family (transport, warehousing) – =458 – £163m (£148m)
12. Sir Philip Naylor - Leyland (land, art) – =495 – £152m (£120m)
13. Robert Carter and family (construction) – =560 – £134m (£107m)
14. Richard Higham (oil, gas services) – =564 – £132m (£83m)
15. Lord Archer (novels) – =569 – £130m (£120m)
16. Hermann Hauser (computers) – =569 – £130m (£117m)
17. Brian DeZille and family (clothing) – =624 – £120m (£120m)
18. John and Guy Shropshire (food, farming) – =624 – £120m (£110m)
19. Jonathan Milner (biotechnology) – =682 – £110m (£105m)
20. Bill Gredley and family (property, horseracing) – =718 – £105m (£105m).