Farm Ireland

Thursday 27 October 2016

Beef barons worth over €2billion

Published 23/02/2016 | 02:30

Larry Goodman. Photo: Steve Humphreys
Larry Goodman. Photo: Steve Humphreys

The combined wealth of Ireland's beef barons increased by another €175m to over €2bn in the last year.

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Just eight families control close to 80pc of the Irish beef market, which has propelled them into the elite of society.

ABP owner, Larry Goodman remains the kingpin, with an estimated fortune of €780m, up €80m on last year.

Bert Allen's family is estimated to be sitting on assets worth €475m, stemming from his share in Slaney Foods, a €150m windfarm, an international property portfolio, and the 2008 sale of hotels for €580m - "the best-timed deal in history", according to the Rich List published in the Sunday Independent at the weekend.

The brothers behind Dawn Meats, John and Peter Queally, come in with €244m, while their partner, Dan Browne is listed with a worth of €84m.

The Keating family that owns Kepak is estimated at €168m, while the Dobson brothers, Jim and Jack, have amassed €154m from their Dunbia company. Francis Mallon, who owns Liffey meats is said to be worth €55m. These latter two beef processors saw the biggest rise in their fortunes, with both notching up a 20pc increase.

Other names with strong agricultural connections to feature in the list include Alltech's Pearse Lyons, said to be worth nearly €3bn. John Magnier, who has made fortunes from punts on bloodstock and currency markets is valued at €2.2bn.

The late Eamon Cleary, who moved to New Zealand to farm in the 1980s has left his family with an estimated €770m, while mushroom mogul, Ronnie Wilson is pegged at €73m. Fruit growing and distribution has amassed €96m for the Keelings.

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