Place: 21 Change: + 1
Worth 2019 €850 m (3.66%)
Worth 2018 €820 m
- Industry Food
The business empire of Larry Goodman (81) includes the Ardee, Co Louth-headquartered ABP Food Group, Europe's largest beef processor as well as commercial properties here - among them the former Bank of Ireland HQ on Baggot Street - and in the UK as well as a number of other investments.
His sons Laurence (37) and Mark (35) also have property interests and a consultancy firm respectively. Mark is also the MD of ABP's international division. Laurence's company Urban Life began by buying partially finished estates and now builds developments, that can number up to 170 houses, in north Dublin and Co Louth.
It has also emerged that Goodman and his son Laurence earn an €8m rent roll for letting office space to three government departments at the Baggot Street property, now known as Miesian Plaza. It is believed this makes them the State's biggest landlord. They also own an office block on Nassau Street in the capital, which they hope to redevelop.
Beef exports increased in 2018, with a €50m three-year deal struck by ABP with a restaurant chain in China and exports to the US also up. ABP's share of the market has also increased since it bought a 50pc stake in Slaney Meats in 2017. Customers include supermarket private labels and restaurant and takeaway chains, while - along with other Irish meat firms - pet foods have also been a growth sector in recent years. Brexit remains a significant threat to the business, however, although it has hedged against this in the North with a 50pc stake in Linden Foods and a factory investment in Scotland. There are also interests in renewable energy and vegetable oil recycling in Britain.
Goodman has a large stake in IPL Plastics, whose share price was down by 40pc at the time of writing. There are also stakes in the Blackrock and Hermitage Clinics. Goodman also receives a huge chunk of EU farm subsidies every year. There is also a €30m Dassault Falcon jet and a €7m Dauphin helicopter.