independent

Sunday 20 April 2014

Forbes Rich List: Billionaires Denis O’Brien, Dermot Desmond and Martin Naughton make the cut

Denis O’Brien’s Digicel group has already begun marketing in Burma
Denis O’Brien’s Digicel group has already begun marketing in Burma

Billionaire Irish businessmen Denis O’Brien, Dermot Desmond and Martin Naughton make the Forbes Rich List 2013.

Mr O’Brien, who owns the Digicel telecoms giant , ranks 233 in the list of the world’s wealthiest people  with a net worth of $5.2bn (€3.9bn), as of March 2013.

Mr O’Brien also has a range of media interests and is the biggest shareholder in Independent News & Media.

The founder of heating equipment group Glen Dimplex Martin Naughton is listed at 736 and is valued at $2bn while financier Dermot Desmond ranks at 831 with a net worth of $1.8bn.

Pallonji Mistri, who is patriarch of Indian construction giant Shapoorji Pallonji, tops the list of Irish – he is ranked at 103 with a value of $10.5bn.

His family have also long been the biggest shareholders in Tata Sons.

He is an Irish citizen as is Campbell Soup executive John Dorrance who sits at 613 on the list with a net worth of $2.4bn.

The richest man in the world is, again, Mexican telecoms billionaire Carlos Slim with a net worth of $73bn, he is followed by Bill Gates who is the richest man in the US.

The biggest gainer this year is Amancio Ortego of Zara fame who moved into number three position for the first time knocking out Warren Buffett, who despite adding $9.5bn to his worth, falls to number 4.

In geographical terms, the US led on the list with 442 billionaires compared with 366 in Europe while growth in the wealth of the richest was down to stronger stock market and international property price performance, Forbes said.

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