Estates Gazette Rich List 2011
When Estates Gazette published its annual Rich List last year, property’s surviving super rich were under starter’s orders, raring to go. So this year they should have been off.
But in the current gloom, the so-called recovery is looking more like a false start as runners and riders face increasingly soft ground.
The good news is that the top 250 thoroughbreds in the Estates Gazette Rich List are now worth a total of £87bn, up a cool £15bn on last year.
The most active of the self-made tycoons (led by the Reuben brothers, the Barclay brothers and John Whittaker) are in superb form. And while property values outside the capital showed little growth, the strength of prime central London property ensured a good performance from the likes of the Duke of Westminster, Earl Cadogan and Baroness Howard de Walden.
But let’s not all head for the winner’s enclosure yet: the sharp rise in the value of the Estates Gazette Rich List owes just as much to a staggeringly wealthy new entrant to the race, Ernesto Bertarelli – the Swiss Italian pharmaceutical billionaire worth almost £7bn.
And while the leading pack is still setting the pace, they are some way off the peak of the boom, when the top 250 were worth £98bn without Bertarelli’s billions.
Meanwhile, the Irish stables are flagging. Just 26 Irish investors placed in this year’s list, down from 32 last year.
But here’s an interesting tip: since at least the 1970s, what happens in the bloodstock market – specifically the sale of unbroken, unraced yearlings – is mirrored by the property market and wider economy 18 months later.
The last boom for yearling sales peaked in 2006, when property investor and keen follower of the turf John Magnier bid a record $16m for a colt named The Green Monkey. The horse proved hopeless and we all know what happened to the economy next.
Crucially, the bloodstock market is now buoyant again. Prices achieved at the Tattersalls sales in Newmarket this October were up 35% on last year, thanks to buyers such as property investor Sir Robert Ogden, who bought a filly for £900,000.
So, in 18 months will the market and its participants’ fortunes be booming again?
It’s looking odds on.
Julia.Cahill@estatesgazette.com
Use our at-a-glance table below or click on these links to find out this year’s Rich List.
| Name | Rank 2011 | Wealth in 2011(£m) | Wealth in 2010 (£m) | Change (£m) |
|---|---|---|---|---|
| Westminster, The Duke of | 1 | 7,000 | 6,800 | 200 |
| Bertarelli, Ernesto & Kirsty | 2 | 6,870 | – | – |
| Reuben, David & Simon | 3 | 6,180 | 5,432 | 748 |
| Cadogan, Earl & Family | 4 | 2,850 | 2,500 | 350 |
| Barclay, Sir David & Sir Frederick | 5 | 2,200 | 1,800 | 400 |
| Whittaker, John & Family | 6 | 2,075 | 1,060 | 1,015 |
| Zakay, Eddie & Sol | 7 | 2,050 | 1,900 | 150 |
| Howard de Walden, Baroness | 8 | 1,820 | 1,400 | 420 |
| Pears, Mark & Family | 9 | 1,600 | 1,600 | 0 |
| Caudwell, John | 10 | 1,500 | 1,400 | 100 |
| Healey, Eddie & Malcolm | 11 | 1,500 | 750 | 750 |
| Zabludowicz, Poju | 12 | 1,500 | 1,500 | 0 |
| Desmond, Dermot | 13 | 1,300 | – | – |
| Livingstone, Ian & Richard | 14 | 1,288 | 1,650 | -362 |
| Portman, Viscount & Family | 15 | 1,200 | 1,000 | 200 |
| Lewis, Bernard & Family | 16 | 1,150 | 920 | 0 |
| Hunt, Jon | 17 | 875 | 660 | 215 |
| Hines, Gerald | 18 | 800 | 800 | 0 |
| Freshwater, Benzion & Family | 19 | 785 | 732 | 53 |
| Sugar, Lord | 20 | 770 | 730 | 40 |
| Green, Peter | 21 | 725 | 650 | 75 |
| Jones, Peter & Family | 22 | 707 | 673 | 34 |
| Caring, Richard | 23 | 700 | 600 | 100 |
| Jatania Brothers | 24 | 700 | 600 | 100 |
| Charles, Prince | 25 | 680 | 680 | 0 |
| Gordon, Sir Donald & Family | 26 | 630 | 580 | 50 |
| Lazari, Chris | 27 | 614 | 522 | 92 |
| Mellon, Jim | 28 | 580 | 530 | 50 |
| Hemmings, Trevor | 29 | 550 | 500 | 50 |
| Linnett, Freddie & Murphy Family | 30 | 550 | 510 | 40 |
| Pervez, Sir Anwar & Family | 31 | 550 | 580 | -30 |
| Bedford, The Duke of | 32 | 520 | 490 | 30 |
| Magnier, John | 33 | 520 | 540 | -20 |
| Noe, Leo & Family | 34 | 500 | 500 | 0 |
| Evans, Michael & Family | 35 | 490 | 400 | 90 |
| McManus, JP | 36 | 480 | 490 | -10 |
| Petchey, Jack | 37 | 480 | 500 | -20 |
| Hobson, Ronald | 38 | 470 | 470 | 0 |
| Gosling, Sir Donald | 39 | 450 | 450 | 0 |
| Dellal, Jack | 40 | 445 | 450 | -5 |
| Lyons, Anthony | 41 | 425 | 350 | 75 |
| Clarke Family | 42 | 400 | 400 | 0 |
| Edmiston, Lord | 42 | 400 | 320 | 80 |
| Gallagher, Tony | 42 | 400 | 425 | -25 |
| Morgan, Steve | 42 | 400 | 350 | 50 |
| Panayiotou, Andreas | 42 | 400 | 250 | 150 |
| Sullivan, David | 47 | 398 | 400 | -2 |
| Richardson, Roy & Family | 48 | 395 | 400 | -5 |
| Lewis, David & Family | 49 | 380 | – | – |
| Ross, David | 49 | 380 | – | – |
| Wilson, David & Family | 50 | 360 | 350 | 10 |
| MacDonald-Hall, Caspar | 51 | 355 | 350 | 5 |
| Beckwith, Sir John & Peter | 52 | 350 | 270 | 80 |
| Townshend, Charlotte | 53 | 342 | 320 | 12 |
| Lee, Sammy & Family | 54 | 335 | – | – |
| Hyams, Harry | 55 | 320 | 320 | 0 |
| Kirschel, Laurence | 55 | 320 | 325 | -5 |
| Northumberland, The Duke of | 57 | 315 | – | – |
| Dixon, Mark | 58 | 300 | 330 | -30 |
| Ives, William & Family | 59 | 305 | 266 | 39 |
| James, Fawn & India Rose | 60 | 302 | 120 | 182 |
| Hackmey, Joseph | 61 | 300 | – | – |
| Lagan, Kevin & Michael | 61 | 300 | 350 | -50 |
| Morrison, Sam | 63 | 295 | 296 | -1 |
| Mabey, David & Family | 64 | 282 | 196 | 86 |
| Vernon, Stephen | 65 | 280 | 350 | -70 |
| Iliffe, Lord & Family | 66 | 266 | 240 | 26 |
| Allen, Bert & Maurice | 67 | 260 | 208 | 42 |
| Salisbury, Marquess of | 67 | 260 | 250 | 10 |
| Rayne, Robert & Family | 69 | 255 | 220 | 35 |
| Gorvy, Manfred & Family | 70 | 250 | 195 | 55 |
| Lewis, Alan | 70 | 250 | 250 | 0 |
| Ronson, Gerald & Family | 70 | 250 | 145 | 105 |
| Clare, Michael | 73 | 237 | – | – |
| Mortstedt, Sten & Family | 74 | 234 | 186 | 48 |
| Moran, Christopher | 75 | 232 | 220 | 12 |
| Wray, Nigel | 76 | 230 | – | – |
| Thomas, Sir Stanley & Peter | 77 | 225 | 225 | 0 |
| Davidson, Manny & Family | 78 | 220 | 220 | 0 |
| O’Hare, Gerard | 78 | 220 | 220 | 0 |
| Powell, Alastair & Michael | 80 | 214 | 209 | 5 |
| Ainscough, Martin & Family | 81 | 205 | 200 | 5 |
| Brennan, Joseph & Family | 82 | 201 | 197 | 4 |
| Oglesby, Michael & Family | 83 | 200 | 200 | 0 |
| Hindle, John & Family | 84 | 198 | 130 | 68 |
| Astor, Family | 85 | 198 | – | – |
| Murphy, Alan | 86 | 190 | 190 | 0 |
| Sellar, Irvine & James | 86 | 190 | 190 | 0 |
| Leslau, Nick | 88 | 185 | 150 | 35 |
| Buccleuch, The Duke of & Family | 89 | 180 | 180 | 0 |
| Taylor, Neil & Family | 89 | 180 | – | – |
| Capstick-Dale, Nick | 91 | 175 | 148 | 27 |
| Coffer, David | 91 | 175 | 175 | 0 |
| Cole, Terence | 91 | 175 | 175 | 0 |
| Gabbay, David & Family | 91 | 175 | 150 | 25 |
| Shahmoon, Eli & Family | 91 | 175 | 150 | 25 |
| Steinberg, Mark | 91 | 175 | 175 | 0 |
| Herbert, Michael & Family | 97 | 171 | 160 | 11 |
| Berkley, John & Family | 98 | 170 | 160 | 10 |
| Widdowson, Gary | 99 | 168 | 165 | 3 |
| Marshall, Chris & Family | 100 | 166 | 136 | 30 |
| Boyd, Frank & Family | 101 | 65 | 160 | -95 |
| Englander, Eliasz & Family | 101 | 165 | 162 | 3 |
| Moser, Henry & Family | 101 | 165 | 165 | 0 |
| Slowe, Michael & Robert | 101 | 165 | 125 | 40 |
| Scowcroft, Brian & Janet Lefton | 105 | 162 | 160 | 2 |
| Anstruther-Gough-Calthorpe, Sir Euan | 106 | 160 | 160 | 0 |
| Tayub, Rashid & Aziz | 106 | 160 | 103 | 57 |
| Shanly, Michael | 108 | 157 | 122 | 35 |
| Lynch, John & Family | 109 | 156 | 152 | 4 |
| Guthrie, John & Family | 110 | 155 | 135 | 20 |
| Michael, Sir Peter | 110 | 155 | – | – |
| Brotherton-Ratcliffe, Anthony | 112 | 150 | 135 | 15 |
| Caddick, Paul & Family | 112 | 150 | 150 | 0 |
| Clowes, Charles | 112 | 150 | 150 | 0 |
| Dudding, Rodger | 112 | 150 | – | – |
| Foster, Lord | 112 | 150 | 168 | -18 |
| Hunt, Michael & Family | 112 | 150 | – | – |
| McCarthy, Clinton & John & Spencer | 112 | 150 | 140 | 10 |
| Ogden, Sir Robert | 112 | 150 | 150 | 0 |
| Gadsden, Eric | 120 | 145 | 113 | 32 |
| Robinson, John | 120 | 145 | – | – |
| Bramall, Tony & Family | 122 | 144 | 132 | 12 |
| Dunsdon, John & Family | 122 | 144 | 130 | 14 |
| Bradshaw, Keith & Family | 124 | 140 | – | – |
| Sutton, Sir Richard & Family | 125 | 139 | 129 | 10 |
| Rohan, Ken | 126 | 137 | 147 | -10 |
| Farmer, Sir Tom | 127 | 136 | 115 | 21 |
| Horton, Peter & Family | 128 | 134 | 110 | 24 |
| Davey, Julia | 129 | 131 | 131 | 0 |
| Monk, Stuart & Family | 130 | 131 | 118 | 13 |
| Bilton, Anton & Family | 131 | 130 | 100 | 30 |
| Dawson, Peter & Family | 132 | 130 | 112 | 18 |
| Dennis, Cyril & Family | 132 | 130 | 130 | 0 |
| Pearl, David | 134 | 127 | 131 | -4 |
| Seddon, John & Family | 135 | 126 | 126 | 0 |
| Pidgley, Tony | 136 | 125 | 95 | 30 |
| Clark, Robin & Family | 137 | 124 | 110 | 14 |
| Cola, Bakir & Family | 138 | 120 | 80 | 40 |
| Creighton, Andrew | 138 | 120 | 120 | 0 |
| McCabe, Kevin & Family | 138 | 120 | 180 | 60 |
| Northampton, The Marquess of | 138 | 120 | 90 | 30 |
| Ritblat, Sir John & Family | 138 | 120 | 100 | 10 |
| Roberts, David & Family | 138 | 120 | 120 | 0 |
| Versteegh, Gerard & Family | 138 | 120 | 120 | 0 |
| Bernerd, Elliott | 145 | 119 | 119 | 0 |
| Feldman, Heinrich & Family | 146 | 115 | 115 | 0 |
| Baylis, Family | 147 | 115 | – | – |
| Hitchins, Jonathan & Family | 148 | 113 | 112 | 1 |
| Kraus, Mathias & Miriam | 148 | 113 | 127 | -14 |
| Kansagra, Bhupendra & Family | 150 | 110 | – | – |
| Khalastchi, Anthony & Family | 150 | 112 | 118 | -6 |
| Bourne, Robert & Green, Sally | 151 | 110 | 110 | 0 |
| Grove, Eric | 151 | 110 | 110 | 0 |
| Karimzadeh, Simon & Family | 154 | 107 | 107 | 0 |
| Burke, Frank & Family | 155 | 105 | 105 | 0 |
| Gould, Nicholas & Peter | 155 | 105 | 80 | 25 |
| Gredley, Bill & Family | 155 | 105 | 118 | -13 |
| Adair, Robert | 158 | 100 | – | – |
| Kirch, David | 158 | 100 | 118 | -18 |
| Meyrick, Sir George | 158 | 100 | – | – |
| Morris, Jack & Family | 158 | 100 | 110 | 10 |
| Roxburghe, The Duke of | 158 | 100 | 90 | 10 |
| Rosenfeld, Andrew | 163 | 99 | 100 | -1 |
| Mactaggart, Sir John & Family | 164 | 97 | 85 | 12 |
| Brooksbank, John | 165 | 95 | 89 | 6 |
| Garrard, Sir David | 165 | 95 | 95 | 0 |
| Yip Woon Wing & Family | 165 | 95 | – | – |
| Rana, Lord & Family | 168 | 93 | 90 | 3 |
| Desmond, Danny | 169 | 92 | 80 | 12 |
| Lonergan, Edward | 169 | 92 | 85 | 7 |
| Muir, John & Family | 169 | 92 | 75 | 17 |
| Folkes, Con & Family | 172 | 90 | 85 | 5 |
| Hitchcox, John | 172 | 90 | 90 | 0 |
| Wickens, Roger & Family | 172 | 90 | 67 | 23 |
| Upward, Simon & Paul | 175 | 86 | 62 | 24 |
| Birrane, Martin | 176 | 85 | 110 | -25 |
| Clarke, Simon & Family | 176 | 85 | 100 | -15 |
| Marston, John & Family | 176 | 85 | 76 | 9 |
| Richmond & Gordon, The Duke of | 176 | 85 | 80 | 5 |
| Smith, Jeff | 180 | 84 | 119 | 35 |
| Bertram, Kip & Family | 181 | 82 | 80 | 2 |
| Chamberlain, John & Family | 181 | 82 | 81 | 1 |
| Eisenberg, Zef | 181 | 82 | – | – |
| Morris, Bill & Family | 181 | 82 | 82 | 0 |
| Gadsby, Peter | 185 | 80 | 80 | 0 |
| Horney, Ray | 185 | 80 | 90 | -10 |
| Irvine, Eddie | 185 | 80 | – | – |
| McCabe, Bill | 185 | 80 | 78 | 2 |
| McCormack, Patrick & Family | 185 | 80 | – | – |
| Yarborough, The Earl of | 185 | 80 | – | – |
| Yeates, Charles | 185 | 80 | 80 | 0 |
| Grodner, Melvyn & Delia | 192 | 79 | 80 | -1 |
| Middleton, Jeremy | 193 | 78 | 72 | 6 |
| Raymond, Howard | 193 | 78 | – | – |
| Russell, David | 193 | 78 | 75 | 3 |
| Heller, Michael & Family | 196 | 77 | 72 | 5 |
| Rankin, William & Family | 197 | 76 | 61 | 15 |
| Dove, Debbie | 198 | 75 | 75 | 0 |
| Baird, Austin & Family | 199 | 72 | – | – |
| Sinclair, Duncan & Family | 200 | 72 | 75 | -3 |
| O’Callaghan, Owen | 201 | 71 | 80 | -9 |
| Chervak, Demi & Family | 202 | 70 | 70 | 0 |
| Davies, Philip & Family | 202 | 68 | 65 | 3 |
| Porter, Nicholas | 202 | 70 | 70 | 0 |
| Turner, Andrew & Sharon | 205 | 69 | 65 | 4 |
| Pickering, Cavan & Family | 206 | 68 | 62 | 6 |
| Jarvis, Bruce & Family | 207 | 67 | 80 | -13 |
| Doherty, Patrick & Family | 208 | 66 | 93 | -27 |
| Egan, James | 208 | 66 | 65 | 1 |
| Leach, Paul & Family | 208 | 66 | – | – |
| Howard, Gavin & Family | 211 | 65 | – | – |
| Kavanagh, Mark & Kathleen | 211 | 65 | 69 | -4 |
| Leavesley, Jim & Family | 211 | 65 | 65 | 0 |
| Metter, David | 211 | 65 | 56 | 9 |
| Mould, Raymond | 211 | 65 | 60 | 5 |
| Dangoor, David & Family | 216 | 64 | 50 | 14 |
| Woolf, Douglas & Family | 216 | 64 | 55 | 9 |
| Watkin, Jones Glyn & Family | 218 | 62 | 54 | 8 |
| Potel, Solomon & Family | 219 | 61 | 57 | 4 |
| Chaudry, Mo & Family | 220 | 60 | – | – |
| Cooper, Melvyn & Family | 220 | 60 | 53 | 7 |
| Gradel, David & Family | 220 | 60 | 60 | 0 |
| Rooney, Paul | 220 | 60 | – | – |
| Slade, Michael | 220 | 60 | 73 | -13 |
| Mucklow, Rupert & Family | 225 | 59 | 66 | -7 |
| Nike, John & Family | 226 | 58 | 58 | 0 |
| Ross, Richard & Family | 226 | 58 | 48 | 10 |
| Yates, Amanda & Family | 226 | 58 | 58 | 0 |
| Watts, James & Family | 229 | 57 | – | – |
| Tomkins, Robin & Family | 230 | 56 | 56 | 0 |
| Dosanjh, Peter & Family | 231 | 55 | – | – |
| Rosefield, John & Stephen | 231 | 55 | 50 | 5 |
| Higgins, Richard & Family | 234 | 54 | 52 | 2 |
| Vaughan, Patrick | 234 | 54 | – | – |
| Kay, Mark | 236 | 52 | 52 | 0 |
| Mellstrom, Graham & Family | 236 | 52 | – | – |
| Singh, Sanghera, Engrez & Palminder | 236 | 52 | – | – |
| Ashley, Linda | 239 | 50 | 50 | 0 |
| Bloom, Tony | 239 | 50 | – | – |
| Jolly, Robert & Family | 239 | 50 | 50 | 0 |
| Knight, Jerry & Janet | 239 | 50 | 50 | 0 |
| Whittome, Ashley & Family | 239 | 50 | – | – |
| Dransfield, Mark & Family | 244 | 48 | – | – |
| Moss, Brian & Family | 244 | 48 | 46 | 2 |
| Perloff, Andrew & Family | 246 | 47 | – | – |
| Elkington, John | 247 | 46 | 46 | 0 |
| Brodie, Ben | 248 | 45 | 45 | 0 |
| Ure, Christopher & Family | 248 | 45 | 45 | 0 |
| Lousada, Charles & Family | 250 | 44 | – | – |
