Saturday 23 February 2019

The business interests of Boomtown Rats frontman Bob Geldof have been muted in recent years. Live Aid organiser Geldof banked 8m from the sale of the Planet 24 TV production company and dabbled in the internet during the first dotcom boom. But the real money came from reality TV, particularly Castaway, which has been a cash cow for Geldof and his partners.

Dún Laoghaire-born Sir Bob shared in 38m in dividends, including a 2.97m payout, in 2015. He owns property in London and a renovated monastery in Kent. He has backed a number of start-ups including ed-tech firm Groupcall.

After 16 years at the helm, Geldof stepped down from the board of Ten Alps last year following a restructuring and recapitalisation of the TV production, communications and publishing business. As part of the shake-up, Ten Alps was rebranded as Zinc Media and the £4.5m recapitalisation allowed the firm to convert £9m of debt into equity.

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