independent

Thursday 24 July 2014

Glen Dimplex founder tops Louth's rich list

Olivia Ryan

Published 21/05/2014|05:20

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Martin Naughton

THE Sunday Times Rich list saw three Dundalk men retain their billionaire status in Ireland's top 10 richest people.

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Louth's richest person is Glen Dimplex founder Martin Naughton, who was reported to be worth €1.724 billion.

Glen Dimplex is now the world's biggest maker of electric heaters, and the company's success saw the Dundalk man become Ireland's fifth wealthiest person.

The late Edward Haughey (Lord Ballyedmond) and his family were named number six on the list of Ireland's 250 wealthiest people.

The Kilcurry born founder of Norbrook, who died in a helicopter crash in March, left behind a reported net worth of €1.687 billion.

Eighth on the famous 'Rich List' was Dundalk native Dr. Pearse Lyons, who owns and runs the Kentucky-based animal nutrition company Alltech.

The success of his company has seen him amass a €1.145 billion fortune.

Larry and Kitty Goodman and family are listed 15th in the 250 wealthiest list, with a €612 million net worth. Larry (76) and his wife Kitty (75) control the €390 million Irish Food Processors, based in Ardee. It is one of Europe's largest suppliers to beef supermarkets

Also featured in 'Ireland's Young Rich' are a number of Louth names including Lotto winner Greg Smith (30) from Drogheda, with a €10 million fortune; John Doyle (30) who has a recycling stake in Louth's Oxigen environmental, who has a reported €2 million worth, and Mark Goodman (30) of the Goodman family, who also has a €2 million fortune from meat marketing, he owns MGI Marketing.

The Argus

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