Ireland's Rich List: 151-175
Published 31/03/2010 | 16:40
151. SHANE REIHILL
Venture capitalist and investor Shane Reihill owns stakes in TVC Holdings and Norkom Technologies worth over €13.1m.
But that's only the half of it. The London-based financier was the driving force behind the Hibernia Capital fund, which scored some spectacular successes including the €18m windfall from the sale of Betatherm, three years after buying a €6m stake in the business.
Reihill has also been involved in live concert, working on deals with Vince Power and Denis Desmond. He shared an estimated €70m payday when his family holding in Tedcastles was bought in 2001.
152. BOB ETCHINGHAM
Monkstown's Bob Etchingham is the majority owner of Applegreen, Ireland's largest independent chain of 52 petrol stations. Increased sales of €239m and profits of nearly €6m came after a major expansion in Ireland and the UK. Debt has risen to more than €62m, although they have assets of nearly €107m.
He set up Applegreen with Joe Barrett in 1992.
153. JOSEPH KEELING
€59M FRUIT & VEG
The Swords-based Keelings control fruit, flowers and vegetable distributor William P Keeling. The company had sales of about €350m in 2007. The family owns properties in Scotland, Northern Ireland and the UK.
154. LOUIS FITZGERALD
The Charles Bronson lookalike owns more than 21 pubs, including most of the decent boozers in Dublin. He also has land and hotel interests, held through Cregagh Investments and a warren of companies.
The ex-Sunderland FC shareholder has a huge collection of memorabilia — from Titanic artefacts to historic GAA tickets.
155. FINIAN O'SULLIVAN
In 1993 the Galway-trained geologist set up Burren Energy in his garage at home. O'Sullivan mopped up oil development assets in unfriendly countries such as Turkmenistan and Congo. Two years ago, Italian giant ENI paid €1.95bn for the firm, valuing O'Sullivan's stake at about €73m.
Tax will have taken a chunk off that.
156. JOHN CORCORAN
The ex-Paddy Power chairman has a €35m stake in the bookie and has sold about €19m worth of shares since the flotation a decade ago. Dividends will have plumped up earnings nicely.
157. ANTHONY MUSGRAVE
Corkman Anthony Musgrave is one of the shareholders in the Centra and Supervalu owning Musgrave Group.
158. MARK KAVANAGH
Swiss based Kavanagh, 65, made his money before the property boom really took off here. His Hardwicke company was one of the early developers in the IFSC in the 1990s. Kavanagh got badly burnt with the collapse of the Plusfunds hedge fund.
Kavanagh, who now lives in Zug, has held investments in oil and gas, printing, commodities and financial services.
159. DERMOT McKEOWN
Cement magnate Dermot McKeown owns most of Meath-based Kilsaran Concrete, which has its trucks decked out in his favoured Monaghan GAA colours.
McKeown also owns as a chunk of Imagine Broadband, a fancy Dublin 4 pad and had €8.3m plonked into his pension fund by his company in the early 2000s
160. STUART MUSGRAVE
Stuart Musgrave is a major shareholder in Cork-headquartered Supervalu and Centra firm Musgrave. His 4.7 per cent stake is bolstered by his children's holding in the €1bn-plus valued company. Sales burst through the €4.4bn mark in 2008. The Musgrave family owns 75 per cent of the firm, which paid dividends of about €100m over the last six years of results.
161. DUGGAN FAMILY
The Irish record sale of Shrewsbury Road mansion Walford for €58m in 2005, hiked up the wealth of the Duggans. The house had been owned by the late Pat Duggan, the former chair of Hibernian insurance who died in 2004, leaving a €58m estate.
162. LIAM NEESON
Ballymena's very own Jedi master has being coining it in over in Hollywood since the Nineties. His movies, which include Star Wars, Schindlers List, Michael Collins and Batman Begins have taken €1.13bn at the US box office. The remake of the A-Team, in which he's to play Hannibal Smith will boost his fortune further.
A talented footballer too, he briefly played for Bohemians, once coming on a substitute against Shamrock Rovers
163. SEAN MELLY
An apprenticeship with Dermot ‘Kaiser’ Desmond has been good for Melly. He made about €9m selling TCL in the mid 1990s before building up and selling Central European telecom outfit Etel in 2007 for which he trousered close to €10m. Melly also made a killing in the property market and has other investments.
164. TERRY HUGHES
Terry Hughes was one of Goldman Sachs busiest partners, where over a 10-year period he was involved in some of the largest private equity and corporate finance deals — including the €137bn Vodafone buyout of Mannesmann. He was a co-founder of €7bn hedge fund Silver Point Capital in 2005.
165. BILL DURKAN
The Mayoman and horseracing fanatic’s UK construction firm was hit with a €7.3m fine by the Office of Fair Trading after an industry-wide bid-rigging probe. The firm denies the charges and is to appeal the fine.
Fuelled by social housing contracts, sales rose nearly €40m to €205m in the year to January 2009, with €6.7m in profits.
Despite writing down the value of land assets, Durkan Holdings had shareholders funds of almost €27m.
166. THOMAS McDONOGH
The collapse in property values has hit Galway grain merchant ThomasMcDonogh, which diversified away from foodstuff into property and building materials. The parent company had €71m in shareholders’ funds, with buildings in Sweden, France and Belgium.
167. GERRY & GARY McCAUGHEY
Gerry and Gary McCaughey sold their wooden frame house construction firm to Kingspan for about €74m at the top of the market. Gerry's convoluted tax affairs became public, leading to his decision to step down as chairman of the Dublin Docklands Development Authority before he'd really started.
168. JOHN KENNEDY
€52M OIL INDUSTRY
New to the board of €15bn CRH, Kennedy holds a major stake in Newcastle-based oil services firm Wellstream. The company, which floated in 2007, has seen its share price double as it cleans up in the North Sea. Kennedy has sold close to €29m worth of shares.
169. JAMES & PATRICK KEAVENEY
The brothers set up the Peter Mark chain of hair salons, which has 73 outlets in Ireland as well as a €10m training facility.
The company is controlled by an offshore entity. Raymond Keaveney, part of the family, runs the National Gallery.
170. JOHN CAREY
Tipperaryman John Carey and his brothers run Middlesex-based civil engineering and construction firm Carey Group, which is involved in buildings works for the 2012 Olympic Games in London. It was also involved in building Dublin’s Ikea store.
Sales fell and the €48m firm showed a loss last year as the property market fell. Close to €7m in dividends have been paid in the last two years.
171. TONY BARRY
The Barry family, one of Cork's best known Cork merchant prince dynasties, used to be just about tea. Now the group, led by Tony Barry, 49, has diversified into investments ranging from fake boob silicon implants to media, as well as investing with Domhnal Slattery's Claret Capital. The family shared a €41m distribution of funds back in 2007.
172. LOUIS RONAN
Mad Cow Disease may not be such a big fear anymore but Ronan's Enfer company made huge money out of BSE testing kits.
The company has paid out over €47.6m in dividends, and Ronan owns 85 per cent.
173. PIERCE BROSNAN
The Navan man reinvigorated a tired James Bond franchise, apparently seeking $17m for his final outing.
Mamma Mia proved that he can't sing for toffee, but his movies have made close to €950m at the US box-office
174. DAVID CANTILLON
Cantillon's 2007 transfer from Goldman Sachs to Morgan Stanley, where he is managing director and head of prime brokerage, was one of the biggest deals of the year. A multimillion euro salary and mega earlier bonuses from Goldmans (and now Morgan Stanley), make Cantillon one of the richest Irish financiers in the City.
175. WHITAKER FAMILY
€50M MOTOR INDUSTRY
Johnson & Perott is apparently one of Cork's best-kept secrets. The motor industry group had shareholders’ funds of €54m last year but sales have dropped.