Saturday 3 December 2016

Ireland's Rich List: 126-150

Published 31/03/2010 | 16:36

LOS ANGELES, CA - MAY 7: Singer/songwriter Van Morrison performs at the Orpheum Theater May 7, 2009 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)
LOS ANGELES, CA - MAY 7: Singer/songwriter Van Morrison performs at the Orpheum Theater May 7, 2009 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)
NEW YORK- MARCH 11:(L to R) Moya Doherty and John McColgan attend the Irish America Magazine "Top 100" awards ceremony at The Pirate Queen at Hilton Theatre on March 11, 2007 in New York City. (Photo by Roger Kisby/Getty Images)
The Riverdance Company performs a Broadway-style musical in Beijing on July 24, 2008, with the song and dance extravaganza which has proved a worldwide hit since its debut in Dublin seven years ago. China will stage the biggest Olympic cultural festival ever seen during the 2008 Beijing Olympic Games, headlined by top international and domestic stars and will fill Beijing's theatres with the "richest and most diverse" programme ever run in a Games host city. AFP PHOTO (Photo credit should read STR/AFP/Getty Images)
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126. LORD RANA

€70M PROPERTY

Between office blocks and hotels, Belfast based Lord Rana's Andras House firm had net assets of nearly €91m last year.

127. CRAMPTON FAMILY

€68M BUILDERS

Building firm G&T Crampton, majority owned by David, Phillip and George Crampton’s family, can't be enjoying the downturn much. Before going unlimited in 2007, they had turnover of €241m and profits of €25.5m. Shareholders had also taken dividends of €13m.

128. RICHARD ROCHE

€68M RETAIL

In retrospect, it was one of the deals of the decade. The Roche family sold operations at their chain of department stores to debtheavy Debenhams for €29m plus extras.

But they kept the buildings, leasing them back to Debenhams for €18m per year. The Roche family own other land and assets.

129. GILBERT LITTLE

€68M TELECOMS

Irrepressible telecoms entrepreneur Gilbert Little is spending a lot of time with his new firm Ammeon. Investors take note.

The former Bord Gais engineer netted about €12m selling Aldiscon to Logica back in 1997. He then made about €45m selling Aldiscon to Phone.com. He is also involved with Belfast telecoms Aepona and Altion.

130. PADDY CAMPBELL

€67M FOOD

Set up Campbell's Catering to provide school dinners in 1967. US multinational Aramark gobbled it up in 2005, netting Campbell and family close to €50m. The family retained a 10 per cent stake which was ultimately bought out. Campbell then became a very successful sculptor.

131. EDWARD McELHINNEY

€67M CONSTRUCTION

McElhinney has a stake in Berkshire-based SAS Holdings, the world's leader in metal ceiling systems — as used in Hong Kong Airport and the landmark World Trade Centre in Dubai. The company generated profits of €6.1m last year.

132. FRANK KEANE

€66M MOTOR VEHICLES

Keane held the BMW franchise in Ireland for three decades, with the Bavarian motor giant taking back the rights in 2007.

Initially Keane, 76, was thought to have made €34m on the deal but more recently it has been suggested that the figure may have been closer to €7m. He made hay in the good times, pocketing large dividends and fees from the group, which had sales of €116m in the last set of accounts before going unlimited.

He remains involved in forecourt car sales and now has the Mini franchise for Ireland amongst other things.

133. BARRY MALONEY

€66M IT

Maloney is rapidly becoming the Simon Cowell of the technology sector. He thought to have pocketed close to €42m from the sale of Denis O'Brien's Esat Telecom in 2000, re-investing this money in IT companies through Benchmark Capital and later Balderton Capital.

Maloney's nose for potential saw the group take stakes in Bebo, Google and Betfair at an early stage. The Bebo stake was sold for a profit close to 15 times the original investment. However punts in Payzone and Setanta bombed out, spectacularly, hitting Maloney's worth.

The Chelsea season-ticket holder owns property in South Dublin and London, as well as part of the family owned Mount Falcon luxury resort in Mayo.

134. BRIAN LONG

€65M IT INVESTMENTS

Long spent €7.7m buying Martin Birrane's luxury pile in Killiney back in 2006. He made his fortune at Parthus, eventually exiting with about €35m.

Long re-invented himself as one of the canniest technology investors in town. His Atlantic Bridge private equity firm spent €392m buying text messaging firm Acision from Logica in 2007, as well as flipping Glonav for $110m to NXP. It controls Spanish IT firm Panda, which is tipped as an IPO candidate.

He has other private investments in technology firms and property including a stake in a shopping centre in Kent and a building in Monaco.

135. PAUL SMITH & SARAH KING

€65M MOVIES

Belfast-born Paul Smith and his wife Sarah King put up €8m of the €9.5m budget for Slumdog Millionaire. The movie went on to win eight Oscars and take €280m at the box office — before DVD sales. Smith's Celador Productions sold its television programming arm, which included the Who Wants to be a Millionaire? format for €126m in 2007.

136. FRANK SALMON

€65M INVESTMENTS

Knock-born entrepreneur Frank Salmon bought data storage firm CMS Peripherals for €3 plus debt 20 years ago. Sales topped €160m last year and an IPO is a distinct possibility.

137. JERRY KENNELLY

€65M PHOTO ARCHIVING

Kerryman Jerry Kennelly, 49, flogged his photo library firm Stockbyte to Getty Images for up to €110m with earn outs in 2006. Staff were given a €5m present. Kennelly has become a motivational speaker and private jet owner.

138. WILLIAM BOLLINGER

€64M FINANCIER

The Irish-American philanthropist is the co-founder of Egerton Capital, one of the most high-profile UK hedge funds.

Bollinger was among the Irish tycoons who donated €9m to restore the Pauline Chapel in the Vatican last year. He has been a big donor to the UK Labour Party.

139. JAMES EGAN

€64M PROPERTY

The 68-year-old owns Broomford Holdings, which held almost €59m worth of assets, largely London and UK properties. Other companies own nearly €20m in assets.

140. MICHAEL CHADWICK

€64M BUILDERS PROVIDERS

Chadwick owns a €48m stake in listed building supplies firm Grafton. Along with an €11.7m pension pot, he earned close to €4m in recent years. Dividends will have chipped in too. He owns stakes in €20m UK building firm Pochins and the Wellington Market Co, which arranges car boot sales and country markets.

141. VAN MORRISON

€63M ENTERTAINER

He's about a million and still looks as if he has just swallowed a wasp but Van the Man keeps churning out successful albums and drawing the crowds for tours.

He won't have to spend his fortune on nappies as news before Christmas of a brand new child turned out to be a hoax

142. MOYA DOHERTY & JOHN McCOLGAN

€63M IMPRESARIOS

The creators of Ireland's biggest music and dancing export Riverdance are trying to come up with a formula to replicate the success of their €1bn show, which has been seen by about 20m people.

The big budget Pirate Queen bombed on Broadway and remains a work in progress.

In the meantime, Doherty and McColgan have invested with Derek Quinlan in the €1.1bn Savoy Hotel deal, as well as owning stakes in media businesses. Quinlan invested in their Pirate Queen show

143. EAMONN O'ROURKE

€62M KITCHENS

O'Rourke Cash & Carry Kitchens made hay in the boom, as do-er uppers and home improvements boomed. He bought a €1m Bugatti supercar with some of the proceeds and owns a palatial mansion in Spain.

144. PEARSE MEE

€62M IT

Former Tory party leader William Hague sits on the board of technology veteran Pearse Mee's AMT Sybex. Mee has taken more than €20m in dividends out of the company, which saw profits rise 60 per cent to €6.8m last year.

145. JOHN & DARREN DONNELLY

€61M TRUCKS

Donnelly, 61, and his son Darren own over 70 per cent of articulated truck trailer firm Retlan Manufacturing. The Antrim firm also owns a recycling business and a joint venture in India. Profits fell 44 per cent last year on sales of €107m.

146. LOUIS FITZGERALD

€61M INVESTMENTS

Accountant Louis Fitzgerald was one of the first investors in Eddie O'Connor's Airtricity and has followed him into his new business Mainstream Renewables.

147. JIM FLAVIN

€61M BUSINESSMAN

Flavin, who resigned as head of distribution and fuel company DCC after an insider dealing scandal, retains a 3 per cent stake in DCC, with past earnings and dividends chipping in to the fortune.

148. PAT COONEY

€61M DRINKS

The owner of M&J Gleeson Group, one of the biggest drinks and bottled water distributors in the country. The company has gone unlimited, which shrouds financial performance but most recent figures showed sales of €250m, with profits of €3m. The company had shareholders funds of €40m.

Dividends of €14.5m were paid to Cooney and family since 2005.

149. EDWARD LONERGAN

€60M CONSTRUCTION

Belfast building mogul Edward Lonergan controls the €60m Deramore Holdings, which has projects and assets in London, Edinburgh, Glasgow and... er, Winchester.

150. PETER ROBINSON

€60M FOOD

Brothers Peter, 49, and John Robinson, 46, control €60m Craigavon food and warehousing firm Granville Food Care.

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