Farm Ireland

Wednesday 17 January 2018

See what agri people make Ireland’s rich list

Dr Pearse Lyons.
Dr Pearse Lyons.
Margaret Donnelly

Margaret Donnelly

A number of people from the agri sector feature in the Sunday Independent’s Rich List.

In the top 10 richest people in Ireland is Pearse Lyons, founder and owner of Alltech, the animal nutrition company that bought out Keenan diet feeders last year.

Lyons is estimated to be worth €3.3bn and is cited as the fifth richest person in Ireland, with his wealth estimated to be up €300m.

Next on the list are the Cleary family at No 20. With an estimated wealth of €850m, the Cleary family’s wealth is from inheritance from their farmer-turned developer father.

Larry Goodman comes in at No22, estimated to be worth €780m. Goodman extended his share of the Irish beef market during the year with a stake in Slaney Meats. However, Goodman’s operations have been hit by currency fluctuations.

Bert Allen and family make the list at No 26, with an estimated wealth of €605m. The family have had significant pay days in the past year from the sale of Slaney Foods and a group of windfarms.

Further down the list, at No 58 are Peter and John Queally, who are valued at €270m. The Queally brothers set up Dawn Meats in 1980 which as become one of Europe’s largest privately-owned companies. As an unlimited company it does not file accounts but in 2006 sales topped €900m. They have a significant stake in the French meat company Elivia.

Below the radar of many, at No 105 on the list, are Jim and Jack Dobson. This Northern Irish brother duo own Tyrone-based Dunbia, one of the largest meat processors on the island.

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Just behind them are the McCann family, who owned Fyffes – the banana business – until they sold it for €751m.

Joseph Brennan, of Brennan’s bread fame, comes in on the list at No 112, with an estimated wealth of €140m, while the McHugh family are valued at €130m from their fishing business.

Cork’s Tom Barry and family are worth an estimated €119m through their tea business, just ahead of fast-food giant Pat McDonagh, who is worth an estimated €110m and comes in at 139 on the list.

Owner of the Tayto brand outside of Ireland, Richard Hutchinson also makes the list inside the top 150, with wealth valued at €100m. Dublin family the Keelings come in at 169 on the list, with their fruit and veg business valued at €93m. At 182 is Dan Brown – the other half of Dawn Meats, while another beef baron Francis Mallon makes the list at No 251, worth an estimated €58m from Liffey Meats.

Further down is Owen Killian, who just days ago finished up at Aryzta after a turbulent time at the company. His estimated value is down €8m to €50nm and puts him just ahead of Ray Coyle, the man behind Largo foods.

Liam and Kathleen Quinn, who own Quinns of Baltinglass make the list at No 289, with an estimated wealth of €41m.

Online Editors