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Kent's richest 50 - revealed

PUBLISHED: 09:44 22 April 2012 | UPDATED: 21:17 20 February 2013

Kent's richest 50 – revealed

Kent's richest 50 â€" revealed

The Kent rich are showing signs of renewed vigor. This year our top 50 (including, for the first time, Kate Bush) are worth a total of £4.56bn, 10 per cent up on 2011

Kents richest 50 revealed


The Kent rich are showing signs of renewed vigor. This year our 50 richest in The Kent Life Rich List are worth a total of 4.56 billion, which is 10% up on 2011. Rising stock markets, definite green shoots of recovery and a better property market have all helped the Garden of England weather the economic storms of recent years. To find out how the rich are faring read on..



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1


Roger De Haan 15/10/1948


Leisure industry


800m


The second highly successful Folkestone Triennial was held in the summer of 2011. It was De Haan's brainchild as was the establishment of a local City Academy designed by Norman Foster. De Haan has also employed Foster to masterplan an 800m redevelopment of land around the harbour, which will incorporate the campus of a new university. De Haan is aiming to have a spanking new harbour on the 14-acre site that he has bought for 11m. De Haan set up a Creative Foundation to buy run-down properties in the Old Town area. They are renovated to a high standard and let to artists.That De Haan can affords such generosity is due in no small measure to his late father who developed Saga out of the family's Folkestone hotel after the war into a holiday company for the elderly. Roger De Haan took over its running in 1984 and sold up twenty years later in a 1.35 billion deal. After stripping out any debt we allow at least 400m for tax and his local spending.


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2


Peter Cullum 10/09/1950


Insurance


450m


Cullum started Maidstone-based Towergate in 1997. It grew rapidly by acquisition and is now Europe's largest independently owned insurance intermediary. Cullum's stake and property take him to a 450m fortune.


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3


Ray O' Rourke 23/01/1947 & Family


Construction


280m


A civil engineer by trade, O'Rourke founded the O'Rourke operation in 1977 with his brother. It was re-named Laing O'Rourke in 2001 when it acquired the construction division of John Laing. In 2010-11 its profits came in at 28.6m on 1.7 billion sales. It has 141.5m net assets. The Dartford-based operation is worth 250m. Other wealth adds 30m.


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4=


Sir Mick Jagger 26/07/1943


Music


190m


It may be the 50th anniversary of the Rolling Stones this year but there is no sign yet of another huge world tour after the "Bigger Bang" tour ended in 2007. In all the Stones have generated 1.8 billion in receipts from touring since 1989. Jagger, the Dartford-born frontman, should still be worth 190m.


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4=


Mike Uren 01/09/1923


Industry


190m


Uren formed Civil & Marine in 1955 as a small dredging business along the northern coast of Kent. He transformed it into one of the country's biggest slag recyclers and slag cement makers. He sold the business for 245m in 2006. After-tax he should be worth 190m.


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6


Keith Richards 18/12/1943


Music


175m


That other Dartford hero Richards published his much-anticipated autobiography "Life" in 2010. It was long on drug binges and hell-raising by the Rolling Stones guitarist. While Richards is miraculously still alive, he should easily be worth 175m as a result of the Stones huge tours.


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7


Sir Keith Mills 15/05/1950


Business services


160m


Mills made 160m from the sale of the Nectar loyalty card business in 2007. He was knighted for his role in securing the 2012 Olympics for London. Tunbridge Wells-based Mills also sits on the Tottenham Hotspur board.


----------------


8


Jon Moulton 15/10/1950


Finance


143m


Moulton, a private equity veteran, has stakes in a number of businesses including Better Capital and Ashmore, a City-based investment operation. Sevenoaks-based Moulton is easily worth 143m.


----------------


9


Roger Bromley 30/10/1943 & Family


Retailing


140m


Russell & Bromley produced a record 19m profit on 95.6m sales in 2010. Bromley chairs the chain of quality shoe shops actually based in Bromley which remains in family hands. It is worth 120m. We add 20m for past dividends etc. after-tax.


----------------


10


Andrew Goodsell 04/01/1959


Finance


133m


Goodsell is chief executive of Acromas, the company formed from the 6.2 billion merger of Folkestone-based Saga, the over 50s holidays to insurance group and the AA in 2007. Goodsell's total proceeds from the deal were 144m. After-tax he should still be worth 133m.


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11


David Instance 15/12/1938 & Family


Industry


110m


Instance used to chair an Ashford-based specialist printing company bearing his name. In 1999, the Instance family made around 50m by selling 49% of the company (now renamed Inprint Systems). Other assets and stakes should keep the family at 110m.


----------------


12


David Bowie 08/01/1947


Music


100m


Since his huge Reality world tour in 2004, Bowie has led a quiet life with no significant career activity in the last three years. Bowie, who had left Bromley Tech with an O level in art, achieved his first hit in 1969. In all he has sold 136m albums. Bowie lives in New York with his wife Iman, a former model. We keep Bowie at 100m.


----------------


13


Guy 27/08/1959 & Julia Hands18/03/1960


Finance and hotels


93m


Hands' Terra Firma private equity group lost 1.7 billion on music group EMI last year. Hands started Terra Firma in 2002 after making 300m from deals elsewhere in the City. He built a 136m chain of luxury hotels run by his wife Julia. In 2010 Sevenoaks-based Hand Picked Hotels made an 7.3m loss though its net assets fell 7m to 30m. We clip the Hands back by 7m to 93m.


----------------


14


The Brett Family


Aggregates


89m


Canterbury aggregates business Robert Brett is worth its 87m net assets in 29010. It is still owned by the Brett family. Other assets add 2m.


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15=


Lord Alli 16/11/1964


Media


80m


Alli made his name running the Planet 24 TV business and netted 6m from its 1999 sale. He has a 20m stake in Castaway Television Productions, the maker of Survivor. With share sales and other stakes he is worth 80m. Alli has a Tenterden mansion.


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15=


Moni Varma 21/01/1949


Food


80m


Varma owns VeeTee Rice the largest supplier of rice to the UK retail market. Operating from a 6m state-of-the-art plant in Rochester, VeeTee Rice made 4.2m profit on 60.2m sales in 2010. Other assets take Varma to 80m.


----------------


17


Dennis Paulley 28/02/1929 & Family


Property and investments


73m


Paulley was well known in the 1980s running property auctions for the Gillingham estate agency, Ward and Partners, which he chaired. Today he has a 36.5m stake in the Prudential financial group. Other assets take the Paulley family to 73m.


----------------


18


Dennis Pay 14/09/1942 & Family


Retailing


70m


Paydens, a Maidstone-based pharmaceuticals-to-grocery operation,made a 9.3m profit on 125.7m in 2010-11. Pay chairs the family-owned business worth 68m. Other assets add 2m.


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19


Michael Conway 08/01/1955 & Family


Construction


68m


In 2010-11, the Dartford-based FM Conway construction group made 10.8m profit on 128m sales. Conway and his family own the 60m firm. Other assets add 8m.


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20


John Bigwood 30/06/1945 & Family


Food


66m


Profits at the Oscar Mayer food processing operation hit7.2m in 2010-11 on sales of 176.5m. The Erith-based business is run by Bigwood. In 2003 he sold the separate Hygrade Foods. With past dividends etc, the Bigwood family should be worth 66m after-tax.


----------------


21


Edmund Hor 24/10/1966


Finance


53m


Hor founded Trayport in 1993 and built it into a leading provider of technology to the European energy markets. It was sold in 2008 netting Bromley-based Hor 53m after-tax for his stake.


----------------


22


John Elkington 26/05/1963


Property


52m


Elkington owns Tenterden-based Penhurst Properties which reported net assets of 28m in 2010-11. Other assets and companies take Elkington to 52m.


----------------


23=


Leon Aichen 01/04/1941 & Family


Food


50m


Dartford-based AG Thames is run by Aichen and owned by his family. The food produce group made a 5m profit on 286.5m sales in 2010. It is easily worth 50m.


----------------


23=


Geoffrey Smith 15/09/1938


Transport


50m


Geoffrey Smith runs and owns Pentagon Holdings, an Orpington-based freight forwarding operation which made 6.7m profit on 149.8m sales in 2010-11. Smith is easily worth 50m.


----------------


25


Beverley Charman


Finance


48m


Beverley Charman is regularly in the news locally in Sevenoaks over her sterling work as chair of the Magistrates bench. She was awarded 48m in the biggest British divorce settlement at the time in 2006


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26=


Damian Aspinall 24/05/1960


Property


45m


Aspinall is the son of casino operator and zoo owner the late John Aspinall who died in 2000, leaving around 25m which largely went to the upkeep of his two zoos in Kent. Aspinall is now very following the family tradition of running gaming clubs. Aspinall's past property profits and internet deals should take him to 45m.


----------------


26=


Tim Bull 15/07/1958


Finance


45m


Bull is marketing director of Saga, the Folkestone-based holidays to finance group In June 2007 it merged with the AA to create Acromas, a 6.2 billion group. The deal valued Bull's stake at around 50m. He should be worth 45m after-tax.


----------------


26=


Pat Gallagher 19/04/1949 & Family


Construction


45m


Maidstone-based Gallagher Group Holdings, made 3.8m profit on 38m sales in 2010. It is worth 22m. We can see other companies with nearly 21m net assets between them. Gallagher and his family should easily be worth 45m.


----------------


26=


Stuart Howard 01/05/1962


Finance


45m


Accountant Stuart Howard is chief finance officer of Acromas, the name for the merged Saga Leisure and AA group. His stake is worth around 50m. After-tax he is worth 45m.


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26=


John Paul Jones 03/01/1946


Music


45m


The former Led Zeppelin bass guitarist, Jones has developed a successful solo career, and is widely respected as both a musician and a producer. He has two main companies: JPJ Communications and the separate Cap Three company with 9.8m net assets in 2010-11. Jones' past earnings and his share of the Led Zeppelin back catalogue should take him to 45m.


----------------


31


Paul Firmin 19/07/1944 & Family


Transport


42m


Paul Firmin is MD of Alan Firmin a Maidstone-based farming to haulage and warehousing group, which made 1.1m profit on 16.3m sales in 2010-11. With 42.5m net assets, the company should be worth 42m.


----------------


32


Geoffrey Granter 28/03/1936


Construction


41m


Granter founded Swanley-based United House Group in 1964. in 2010 he sold his stake in the social housebuilder for 50m. After-tax he is worth 41m.


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33=


Vaughn Ashdown 24/08/1957


Leisure


40m


Ashdown, who worked for the Coral gaming and betting shop group for over 25 years, was born and bred in Kent. Coral was sold in 2005 for 2.18 billion. Ashdown's share was likely to have been up to 60m.After-tax he should be worth 40m.


----------------


33=


Sam Barnett 09/06/1983


Internet


40m


An internet entrepreneur Barnett founded his company Struq in 2008, offering retailers highly targeted, personalised adverts on the web. Orpington-born and bred, Barnett has turned down offers worth tens of millions of pounds in early 2011 for Struq. We settle for 40m for now. He owns it all.


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33=


Malcolm 17/07/1951 & Andrew Friday 22/08/1957


Egg production


40m


Malcolm and Andrew Friday run and own Friday, one of the three biggest egg producers and packers in Britain. The Cranbrook-based business made a healthy 4.5m profit on nearly 44m sales in 2010. The Friday family take little out of the 40m company.


----------------


33=


Peter Holm 09/05/1958 & Family


Industry


40m


Founded in 1952, Erith-based BATT Cables made 9.2m profit on 97.2m sales in 2010-11. It is worth 44m. Peter Holm and his family own most of it.


----------------


33=


Simon Miles 07/03/1960 & Jon Miles 14/01/1963


Waste


40m


In November 2007, the Irish waste group Greenstar bought Sevenoaks-based Verdant Waste for around 50m. Verdant had been owned by brothers, Simon and Jon Miles. Allowing for any tax on the deal, we value the Miles brothers at around 40m.


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33=


Jonathan Neame 30/01/1964 & Family


Leisure


40m


Shepherd Neame, the Faversham-based brewer and pubs group reported a 6.7m profit on 67.4m sales in the first half of 2011-12. Neame as chief executive, represents the wider family in this list. In all we value the family at 40m.


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33=


Hilary Riva 03/04/1957


Retailing


40m


No longer running the British Fashion Council as chief executive - where she was awarded an OBE for her sterling work during her five year stint, Riva has been helping charities in her home town of Faversham. She led a management buyout of the Principles, Warehouse, Racing Green and Hawkshead brands from Arcadia Group in 2001. When the business was sold for 140m four years later, Riva made over 40m in sale proceeds.


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40=


Martin Lovegrove 04/01/1951


Finance


35m


Lovegrove, a veteran oil and gas banker who masterminded BP's 12.7 billion asset sale after the Gulf of Mexico oil spill, recently joined US bank Citigroup as head of its global energy business. With past bonuses and his private company Ataa (1.7m net assets in 2010-11), Lovegrove should easily be worth 35m.


----------------


40=


Karen Millen 29/09/1961


Industry


35m


An alumni of Medway College in Rochester, where she did a City & Guilds in Fashion, Millen started her Karen Millen fashion chain in 1981. By 1984 she had sold up and her total proceeds were around 35m after-tax.


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42


Allan Pierce 05/04/1947


Plumbing supplies


33m


Belvedere-based APP Wholesale is a retailer and wholesaler of plumbing and heating equipment In 2010-11, it made a healthy 4.5m profit on 72.3m sales. As owner Pierce takes little out of the company and we value him at 33m.


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43=


Sir Bob Geldof 05/10/1951


Internet


32m


The former Boomtown Rat-turned-Third World campaigner via Live Aid, Goldof is also a media entrepreneur with valuable stakes in TV companies. With a sprawling mansion in Faversham, Geldof is worth 32m..


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43=


William King 27/03/1955 & Family


Car sales


32m


Motor group WJ King,(Garages) - based in Welling - made a 1.6m profit on nearly 100.6m sales in 2010-11. With nearly 31m net assets, it is worth that sum. Other assets add 1m to the King family which owns it..


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45


Orlando Bloom 13/01/1977


Media


30m


Bloom is reprising his role as Legolas in a new film called The Hobbit. Canterbury-born Bloom's first role was as a rent boy in the 1997 film Wilde. He made around 21m for his role as Will in three of the Pirates of the Caribbean films. In all his films have garnered over 4 billion at the box office world-wide. His company T 12 Ltd showed a healthy 2.5m net assets in 2010. He should be worth 30m.


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46


Ronald Burford 02/01/1946 & Family


Business services


28m


BP Direct Marketing, an Ashford-based direct mail operation, made 2.4m profit on 24.2m sales in 2010-11. Burford and his family own the 25m company. Other assets add 3m.


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47


Mansukh Ganatra 21/09/1949 & Family


Finance


26m


Citybond Holdings, a Beckenham-based travel insurance broker, turned in a healthy 3m profit on 7.1m sales in 2010-11. Ganatra and his family own the 25m company. Other assets add 1m.


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48=


Clive Billings 12/07/1955 & Family


Property


25m


F.C. Stark is a Kent-based property-to-farming company is worth its 33.6m net assets figure in 2010. The Billings family, led by Clive Billings, own a majority stake. Other assets take the family to 25m.


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48=


Kate Bush 30/07/1958


Music


25m


In 1978, Kate Bush burst on to the pop scene aged 19 with Wuthering Heights which spent four weeks at number one. A doctor's daughter born in Bexleyheath, she was signed at 16 by EMI. With her 2.5m home in the country and three albums which topped the UK Albums Chart, and 25 UK Top 40 hit singles, Bush is easily worth 25m.


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48=


Barry White 24/11/1962 & Sara 19/08/1965


Property


25m


Bromley-based Purelake Group is a developer owned owned by Barry and Sara White. It made 3m profit on over 20m sales. With 23.8m net assets it is a 25m company.

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