Farm Ireland

Sunday 25 February 2018

Beef barons dominate in latest rich list

Larry Goodman.
Larry Goodman.
Darragh McCullough

Darragh McCullough

Beef barons dominate the agricultural community's representation in the latest rich list published by the Sunday Times at the weekend.

Larry Goodman (76) and his wife Kitty, are listed at number 15 with a €612m fortune.

They dwarf the combined wealth of the other beef magnates listed including: Bert and Maurice Allen of Slaney Meats with €323m; Jack and Jim Dobson of Dunbia, reputed to be worth €84m; Kepak founders, the Keatings, at €61m, and Wayne Acheson of Foyle Meats who is listed as being worth €60m.

However, the real rising star in the agricultural sector appears to be Alltech's Pearse Lyons, whose company's value is said to have increased to €1.145bn. He is two places ahead of Ireland's eleventh richest man, and possibly biggest farmer, John Magnier. His combined stake in the Coolmore horse breeding operation, healthcare and other properties puts his fortune at €670m.

The total wealth of the 250 richest people in Ireland was calculated at close to €60bn, up nearly €6bn since 2013.

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