Wednesday 29 March 2017

Irish prominent on UK Rich List despite downturn

DONAL BUCKLEY Commercial Property Editor

More than 30 Irish people have made it into the latest UK property Rich List despite the downturn in Irish property values.

Horse breeder John Magnier is the top ranking Irishman at 27 on the list. As his wealth is estimated to have dropped by £20m to £540m his ranking has dropped from 18 last year. Insurance mogul Sean Quinn, who was third last year, is not included in this year's top 250 rich UK property people which is compiled by Estates Gazette, the UK property magazine.

Former bookie JP McManus is one of seven Irish people to have recorded an increase in their wealth. His is estimated to have increased £60m to £490m and his ranking is up five places to 34.

Six new Irish entries are recorded. Coming in at 72 are Bert and Maurice Allen, owners of Slaney Meats. They netted around £190m from the sale of the Bewley hotel chain in 2007.

Another new entry at 160, is Patrick Kelly, best known for his Kelland Homes, development company and not to be confused with Paddy Kelly of Red Quartz Boundary fame.

EG says that Kelland's Patrick Kelly is worth £90m.

In at 172 are hoteliers and developers Noel & Miriam O'Callaghan who own a number of Dublin hotels including St Stephen's Green, Mont Clare, Alexander and the Davenport and are worth £80m.

At 183 are John Byrne and family, owners of Carlisle Trust. He also owns the office building which houses the Q pub overlooking O'Connell Bridge in Dublin and the Brandon Hotel complex in Tralee.

Eamonn O'Rourke, of Cash & Carry Kitchens comes in at 198. Newcomer at 228 is Tony Leonard, who owns half of Clarendon Properties.

Remaining on the list are: Sir Michael Smurfit and family ranked 59, Charles Kenny and family of Clancourt 75, Joe Brennan and family of Brennan's Bakery 76, Ken Rohan 106, Jim McGettigan 138, Martin Birrane 142, Pat Doherty of Harcourt Developments 159, Mark and Kathleen Kavanagh 195, Sean Mulryan 198 and Gerry Conlan 214.

Irish Independent

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