Thursday 5 December 2019

The O'Flaherty Family

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The O'Flaherty Family

The O'Flaherty Family

Worth 2016 €288 m (3.60%)

Worth 2015 €278 m

  • Industry Retail

The O'Flaherty family are the biggest car sellers in the country. The business dates to the 1950s, when the late Stephen O'Flaherty inked a deal to make Volkswagen Beetles in Ireland - the first to be put together outside Germany.

The group runs Volkswagen, Mazda and Audi dealerships through MSL, and imports Mercedes vehicles to Ireland. It also owns Waco, Texas-based Time Manufacturing which makes Versalift aerial hoists. Around €175m has been paid out in dividends since 2009. Last year, sales hit €350m as Irish people started to buy cars with gusto. Shares are held by Kildare-based Nigel (77), his daughters Lauren and Nicola as well as by Guernsey-based Michael (83) and Stephen O'Flaherty.

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