Thursday 25 December 2014

Ireland's Rich List: 201-225

Published 31/03/2010 | 16:46

MONTE CARLO, MONACO - MAY 23: Model Jodie Kidd and former F1 driver Eddie Irvine attend the Amber Fashion Show and Auction held at the Meridien Beach Plaza on May 23, 2008 in Monte Carlo, Monaco. (Photo by Mark Thompson/Getty Images)
MILAN, ITALY - MARCH 16: Dolores O'Riordan of Irish rock band The Cranberries performs at Mediolanum forum on March 16, 2010 in Milan, Italy. (Photo by Morena Brengola/Getty Images)
MUNICH, GERMANY - JANUARY 27: Singer Chris de Burgh and model daughter Roseanna Davison attend the Diva Entertainment Award at the Hotel Bayerischer Hof on January 27, 2009 in Munich, Germany. (Photo by Hannes Magerstaedt/Getty Images)
LONDON, UNITED KINGDOM - DECEMBER 15: (UK TABLOID NEWSPAPERS OUT) L-R Mark Feehily, Nicky Byrne, Kian Egan and Shane Filan of Westlife pose for a portrait session held at Centrepoint Tower on December 15, 2009 in London, England. (Photo by Dave Hogan/Getty Images)

201. MICHAEL MASTERSON

€43M CONSTRUCTION

The 60-year-old owns UK construction and concrete frame firm Masterson Holdings, with sales of over €92m.

202. CORMAC & PATRICK BYRNE

€43M CONSTRUCTION

Turnover at the London headquartered Ardmore Construction hit €341m in 2008 (with €6m profits), as the scaffolding to electrical installation company won major contracts with London Underground as well as with BT and Barratt Homes. It has warned that turnover could fall by up to 25 per cent in the downturn. The 59- and 55- year-old brothers own 50 per cent each.

203. WAYNE ACHESON

€43M MEAT

Derry's Foyle Food Group is majority controlled by the Acheson family. The group chops up 180,000 cattle and 450,000 lambs each year and makes them into yummy food.

204. ROSALEEN BLAIR

€43M RECRUITMENT

Dublin born Rosaleen Blair, 42, led the €120m buyout of UK recruitment firm Alexander Mann from Advent. She is thought to be one of the highest paid female executives in London and holds a near €40m stake in the business.

205. DECLAN GANLEY

€42M ENTREPRENEUR

Ganley was key to Ireland's decision to vote no in the first Lisbon referendum. His financial affairs came under increased scrutiny, but we're still none the wiser. Timber from the Baltics made his fortune, which was bulked up by telecoms in central Europe. His Rivada business is tearing up trees landing new emergency communications contracts in the US, including a recent €60m deal in Alaska.

206. JAMES MULLEN

€42M CLOTHES

James Mullen and his brothers set up the Thomas Pink chain of shirt sellers in 1984, selling to LVMH for about €51m. He owns Dublin property, London retail — and plays in a jazz band as Jimmie Fontaine.

207. NOEL FURLONG

€42M CARPETS

Maverick businessman Noel Furlong is best known for his exploits on the poker table as well as for masterminding one of the biggest betting coups of all time when his horse Destriero romped home at Cheltenham in 1991. Though the recession has hit carpets and floors, his business had sales of €108m in 2008, with profits of €3.4m. Shareholder funds were just north of €52m.

208. THE CRANBERRIES

€41M ENTERTAINMENT

Close to 36m albums have been sold by Dolores O'Riordan and the Limerick band, and they’re recently reformed for what will no doubt turn out to be a lucrative US tour

209. FINN O'SULLIVAN

€41M TRANSPORT

Sold his 65 per cent stake in Irish Express Cargo for about €35m to Flextronics in 2001. He has invested with Derek Quinlan and Claret Capital with varying degrees of success.

210. EDDIE IRVINE

€40M MOTOR RACING

Just how good was Irv the Swerve's timing? In the good times, he built up a portfolio of 40 luxury properties around the world, ranging from Dalkey to Miami and Oxforshire. Ouch. He has interests in a go-kart track and a shipping, logistics and print businesses in Northern Ireland, as well as giant motor yacht the Anaconda

211. DES PETITT

€40M RETAIL

His Wexford supermarket chain is thought to have sales of about €120m. It hooked up with the Supervalu group in 2006.

212. MICHAEL KELLY

€40M SOFTWARE

Kilkenny man Michael Kelly's banking software firm Fineos is one of the few IT companies to make any money. Profits slipped to €3.3m in 2008 off sales of €38.4m. Kelly bought out the minority shareholders two years ago. Former IDA chairman Sean Dorgan has joined the board.

213. DOMINIC MURPHY

€40M PRIVATE EQUITY

One of the main partners at vast US private equity firm KKR. Last year he told a House of Commons select committee that he was Irish.

214. PETER KIERNAN

€40M BUSINESSMAN

Ex-Goldman Sachs dealmaker, Kiernan, 49, jumped ship in 2004 to become head of investment banking at Lazard. He'll trouser a good bonus, having been one of the key advisers in the €13.5bn Kraft takeover of Cadburys. Kiernan is about to take a twoyear leave of absence to join the UK Takeover Panel. Kiernan is closely involved with the Ireland Fund in the UK.

215. THE MANGAN FAMILY

€38M WHOLESALERS

Clare brothers Gabriel, 68, Terence, 61, and Leo, 58, netted more than €51m from the sale of their wholesaling firm to Leo Crawford's BWG two years ago. The tax man will have nibbled at the overall sum.

216. CHRIS DE BURGH

€38M ENTERTAINMENT

Over 40m album sales in a career that started when dinosaurs roamed the earth. De Burgh is still hoping to make it big in Iran. He owns property in Dalkey and Wicklow — and his daughter Rosanna was Miss World

217. ADRIAN JONES

€38M FINANCIER

Adrian Jones is a “rainmaker” at Goldman Sachs, head of Principal Investment Area business in New York, specialising in healthcare and consumer deals. He's been a partner since 2004. With new partners pocketing bonuses of at least $5m (and up to $20m), he could have earned at least $30m in bonuses alone in the last six years.

218. PAT LOUGHREY

€38M FOOD

Loughrey shared an €60m payday with Ronan McNamee, when IAWS bought their Cuisine de France business in 1997.

219. WESTLIFE

€36M POP

Their bland balladeering has a lot of fans. A new album and touring will raise earnings in 2010. Outside property interests may be a drag.

220. THE EARL OF ERNE

€35M LANDOWNER

Crom Castle in Fermanagh is the seat of the Earl of Erne, who owns around 15,000 acres in the North. The value of this has fallen sharply.

221. PASCAL TAGGART

€35M INVESTOR

The ex-Bord na gCon chairman is one of the cutest investors around. He made a packet buying and selling shares in Dunloe Ewart and Jurys and also made gains when Mastercard paid $100m to buy Orbiscom last year.

222. SARAH NEWMAN

€35M IT

The best looking Dragon in the den and probably the richest too. Newman, whose partner is Kilkenny hurling god DJ Carey, is thought to have netted €40m from the sale of her hotel booking firm Needahotel.com in 2006. She's the lady's captain at the K Club too.

223. GEARY FAMILY

€35M FOOD

US firm Sysco bought out Limerick based Pallas Foods last year, netting the Gearys close to €35m.

224. ENDA O COINEEN

€35M INVESTOR

Galway boat nut Enda O'Coineen has made hay in Central Europe, with his Kilcullen Capital dealing in telecoms, property, recruitment and energy over the last decade.

He was one of the beneficiaries of the €90m sale of Sean Melly's eTel and made a packet when Galway’s Enwest oil terminal sold for €30m to Gerry Barrett.

225. LARRY QUINN

€35M TEXTING

A former Bord Gais civil engineer, Quinn made his first fortune with Gilbert Little when text messaging firm Aldiscon was sold for nearly €80m back in 1997. He had a stake worth €4.5m. This was followed by the rapid sales of Apion and Aepona, netting him close to €8m. Quinn led the buyout of Logica CMG, which was renamed Acision. The buyout was backed by Brian Long's Atlantic Bridge Ventures and Dermot Desmond's IIU. The company is limbering up for a €450m flotation in London. Although ownership of the firm is held through offshore trusts, Quinn is a major shareholder. His stake is conservatively valued at €22m — but it may be far bigger.

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