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Hertfordshire's Richest 50

PUBLISHED: 11:50 16 March 2011 | UPDATED: 19:01 20 February 2013

Marquess of Salisbury

Marquess of Salisbury

A good year for some, an even better year for many – this year's Richest 50 list charts the ups and downs of the county's wealthiest residents

1. Mike Ashley 09/12/1964
Retailing 1,072m


Mike Ashley will be delighted with the way that Newcastle United gained promotion back to the premiership after one season in the championship after relegation from the Premiership at the end of the 2008-09 season. Having paid 134m to gain control of the Magpies in the summer of 2007, and put in 258m all told, Ashley is still keen to find a buyer. Funding his Newcastle purchase has not been difficult for Hertfordshire-based Ashley. He pocketed 929m in one day when he floated his company, Sports Direct, on the stock market in February 2007 while retaining control of the business. It was after leaving school at 16 that Ashley first became involved in sportswear. He opened a small chain of sport and ski shops in and around London after quitting his job as a squash coach. Ashley is sitting on a 618m stake. With his Newcastle holding, past property deals, dividends and salaries and any remaining cash, Ashley should be worth 1072m after-tax.


2. Tony Tabatznik 02/08/1947 & Family
Pharmaceuticals 500m


3. Peter Harris 25/03/1934 & Family
Leisure 400m


4. Sir Bernard Schreier 28/03/1918 & Family
Industry 365m


5. Ramesh 04/09/1945 & Pratibha Sachdev 21/03/1948
Nursing homes 350m


6. John Cook 04/07/1944 & Family
Leisure 330m


7. The McAlpine Family
Construction 315m

8.Marquess of Salisbury 30/09/1946
Property 250m


The 7th Marquess of Salisburys Hatfield House was completed in 1611. It is a treasure trove of hugely valuable paintings. The art is easily worth 125m, but we cut that in half to allow for any tax demands in any future sales. Hatfield also has a 3,000 acre park and woodland and a further vast acreage of farmland. In addition, there is Cranborne Manor, the family estate in Dorset from where Salisbury sells his organic sausages. His main farming company, Gascoyne Cecil Farms, made a 129,000 profit on 2.2m turnover in 2008-09 when it showed 4.9m net assets. We can see over 500,000 of net assets in smaller companies such as Perlpart Developments. Shrewdly, he is also developing the familys London acreage round Leicester Square. The London estate, American land, the two stately homes with their surrounding 10,300 acres and the art collection keep Salisbury at 250m.


9. David Allen 26/07/1932
Leisure 165m


10. Lance Uggla 01/02/1962
Finance 163m

11. Tim Martin 28/04/1955
Food 162m


Watford-based JD Wetherspoon pub chain produced impressive results for the year to July 2010 with profits up 34.4% at 60.5m on sales of 996.3m. It was in 1979 that the first Wetherspoon pub was opened in London by Tim Martin, its giant chairman. After a difficult start, the former lawyer never looked back. Martins stake is now worth over 149m. Other assets, share sales and past dividends take Martin to 162m after-tax and spending.


12. Sir Peter Ogden 26/05/1947
Computers 142m


13. Stef 23/09/1941 & Stelio Stefanou 06/11/1952
Construction 140m


14. Philip Hulme 27/08/1948
Computers 123m

15. David 02/05/1975 & Victoria Beckham 17/04/1974
Football and music 100m


Training with Tottenham Hotspur may not be quite like old times at Manchester United for David Beckham. but Spurs will do as he tries to make it into the England squad. His Hertfordshire mansion makes a perfect base for his return to English football. He moved to Real Madrid in 2003 for 25m on a four-year contract worth 6m a year before moving to LA Galaxy. In 2007, the Beckhams were reportedly paid $13.7m to launch his fragrance line in the US and have their own company, Beckham Brand Limited. Beckhams own company, Footwork Productions, has paid him nearly 75m from 2002 to 2009. Victoria has made perhaps 10m from the Spice Girls and her fourth fashion collection has won global praise. With annual living costs of 5m a year, the Beckhams wealth and asset wealth is around 80m, plus 20m for image rights and the Beckham brand.

16. Lennox Lewis 02/09/1965
Boxing 95m


The nearest Lennox Lewis gets to a boxing ring today is as a commentator for the HBO station. He says that it would take 100m to get him back into the ring. Lewis has his reputation intact, having seen off all challengers including the fearsome Mike Tyson. Even Muhammad Ali is impressed, calling Lewis the greatest. London-born Lewis spent his childhood in Canada and first came to prominence by winning a gold medal for Canada in the super-heavyweight division at the 1988 Seoul Olympics. He later fought under a British flag. Happily married since July 2005 and a father to Landon Lewis, he has homes in Hertfordshire, Jamaica and Florida. In his distinguished career, the money flowed in. Up until 1997, his purses in 34 fights had reached 25m, and a year later he signed a seven fight deal that netted him 40m. The world title a year later made him 18.5m. In 2001-02 when he defeated Tyson, his earnings were over 30m, though in 2003 they fell to around 9m. We value Lewis at 95m.


17. Peter Dean 28/09/1944 & Family
Food 90m


18. David McMullen27/04/1945 & Family
Food 85m


19. Andrew Cohen 02/05/1953 & Family
Retailing 80m


20. Charles Gallagher 15/10/1959 & Family
Construction 80m


21. Michael Masterson 20/12/1950 & Family
Construction 80m


22. Paul Leach 26/07/1928& Family
Property 70m


23. Simon Dolan 25/05/1969
Business services 65m


24. Elizabeth Abbott 28/06/1954 & Family
Property 55m


25. Andrew Perloff 30/09/1944 & Family
Property 55m

26. Guy Ritchie 10/09/1968
Media 55m


The eight-year marriage of American pop queen Madonna and her film director husband Guy Ritchie ended in late 2008. Hatfield-born Ritchie has acquired some choice assets. The divorce settlement included the couples country estate Ashcombe House in Wiltshire along with a 4m townhouse, their pub, and a 3m property in New York. The real size of the settlement was put at between 39m and 46m. But Ritchie, a successful film director in his own right, should have built up his own fortune over the years. His first feature film, Lock, Stock and Two Smoking Barrels, in 1998 proved a critical and commercial success, earning him around 9m. His second film, Snatch, was also a success in 2000. Sherlock Holmes starring Robert Downey Jr and Jude Law was released in late 2009 and grossed more than $498m worldwide, becoming Ritchies most successful film financially. His two film companies Ska Films and Ska Films Diamonds made around 1.66m profit in 2009. With the success of Sherlock Holmes,
we value Ritchie at 55m for now.


27. Melvyn Cooper 21/04/1941 & Family
Property 53m


28. Linda Ashley 07/06/1966
Property 50m


29. Bryan Duffy 21/03/1943 & Family
Leisure 50m


30. William Hughes 21/07/1941
Pharmaceuticals 48m

31. Sir Terry Leahy 28/02/1956
Retailing 48m


Sir Terry Leahy is retiring in March 2011 as Britains top grocer. The outgoing chief executive of supermarket giant Tesco, Leahy has built the Cheshunt-based operation into one of Britains largest companies now worth nearly 35 billion. The determinedly low-key Leahy, knighted in 2002, hails from Merseyside and is proud of his roots. Tesco pays Leahy well. He has a stake now worth 38m while his past salaries and share options should easily take him to 48m.


32. Farouq Sheikh 13/10/1958 & Haroon Sheikh 04/03/1956
Care homes 48m


33. Rick Willmott 16/05/1963 & Family
Construction 48m


34. Bharat Shah 30/12/1949 & Family
Pharmaceuticals 47m


35. Michael Yarrow 02/12/1947 & Family
Pharmaceuticals 47m


36. James Barham 28/12/1936
Property 45m


37. Charles Desoutter 30/04/1954 & Family
Industry 45m

38. Lewis Hamilton 07/01/1985
Motor Racing 45m


The youngest ever Formula One World Champion at the end of the 2007-08 season, Lewis Hamilton has been pipped at the post though in the last two seasons. But he remains a serious force in F1 driving for McLaren. Stevenage-born and raised Hamiltons earnings are reckoned to be in the region of $28m (19.2m) a year once endorsements, such as those for Tag Hauer watches and Reebok sportswear, are taken into account according to Sports Illustrated magazine. Living in the tax haven of Switzerland will have enabled Hamilton to keep more of his cash. In 2009 he bought a 5m Sunseeker 90 yacht to be moored in Monte Carlo. He should easily be worth 45m right now.


39. David Kahn 24/07/1931 & Family
Industry45m


40. Henry Bandet 21/04/1963 & Family
Property 44m


41. Tim Steiner 09/12/1969
Retailing 39m


42. Jonathan Faiman 09/02/1969
Retailing 36m


43. Joseph Murphy 14/11/1962 & Family
Construction 35m


44. George Sideras 27/03/1960 & Family
Nursing homes35m


45. Nicholas Kebbell 28/10/1951 & Family
Construction 34m


46. Stephen Dixon 20/04/1963 & Family
Construction 33m


47. Mark Langran 04/06/1965
Finance 33m

48. Sarah Brightman 14/08/1960
Music 32m


Berkhamsted-born Sarah Brightman started singing as a teenager. In 1978, she released the single, I Lost My Heart To A Starship Trooper and it became an instant disco hit. In 1981, she auditioned for a role in Cats where she met future husband, Andrew Lloyd Webber. She went on to star in a number of his shows. They divorced in 1990 but are still friends. Her albums sell in the 1-3m unit range and she produces spectacular large scale concert performances.

49. Sir Nick Faldo 18/07/1957
Leisure 32m


Nick Faldos early career was as a carpet fitter in Hertfordshire, but he is arguably Britains best post-war golfer. He has won six majors: three Open Championships and three US Masters. His career earnings were over $10.6m. But he is still heavily involved in golf through his Faldo Enterprises which has designed over 50 golf courses world-wide. Faldo Enterprises also handles his long-term sponsorship associations, including Audemars Piguet and Marriott. He has been a regular golf pundit on CBS since 2006. His main company Nick Faldo (International) showed nearly 1.3m net assets in 2008. His business empire and properties would normally take Faldo to nearly 50m. But he has had three divorces. Cautiously we clip Faldo back to 32m as a result.


50. Miles Levy 2/05/1956
Food 30m

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