Hoteliers are the most successful group of UK-based operators and investors in the hospitality industry, according to The Sunday Times Rich List 2013.
Mohamed Bin Issa Al Jaber, a Saudia Arabian entrepreneur with an empire that includes JJW Hotels and Resorts, tops the list with his family of hospitality’s wealthiest individuals with a fortune said to be worth £4,515m. His portfolio in the UK includes the Scotsman hotel in Edinburgh and 42 The Calls in Leeds. He is ranked number 15 overall.
The second richest hospitality personality is Joe Lewis, a Bahamas-based financier who holds a £358m stake in pub group Mitchells & Butlers, with a fortune of £3,200m.
In third place is Sir Henry Keswick, who with his family, has a £2.3b stake in the £21.3b Jardine Matheson conglomerate, a Hong Kong-based business which owns the Mandarin Oriental group of hotels. His wealth has risen by £300m over the past year to £2,375m, resulting in being positioned 28th on the main list.
Meanwhile, new entries this year – alongside Mohamed Bin Issa Al Jaber – include Sir Rocco Forte and Olga Polizzi and family with a fortune of £250m, Tim and Kit Kemp of Firmdale Hotels (£217m) and Peter Salussolia and family, who run Glendola Leisure (£75m).
Hospitality business owners and operators in The Sunday Times Rich List 2013, which is now in its 25th year, are:
15 Mohamed Bin Issa Al Jaber and family: £4,515m (new entry)
Saudi Arabian who owns the Scotsman hotel in Edinburgh and 42 The Calls in Leeds
20 Joe Lewis: £3,200m (+£200m)
Bahamas based financier who owns £358m stake in pub operator Mitchells & Butlers
28 Sir Henry Keswick and family: £2,373m (+£300m)
Has £2.3b stake in Jardine Matheon, based in Hong Kong, which owns Mandarin Oriental hotels.
31 Poju and Anita Zabludowicz: £1,500m (no change)
Originally from Israel, Zabludowicz and his Newcastle-born wife Anita have a wealth which is based on Soltam, a family defence contractor which was sold, leading to investments in property and hotels.
106 Jasminder Singh and family: £836m (+ £409m)
Singh’s Edwardian Group has 14 luxury hotels in the UK under the Radisson Edwardian banner.
126 Richard Caring: £700m (no change)
Caring’s Caprice Holdings group, which runs the Ivy and Scott’s in Mayfair, made a profit of £5.7m on £41.6m sales in 2011. His Cote chain of 30 restaurants is currently for sale for £120m.
157 Raj Matharu and family: £555m (+ £117m)
Brothers Raj, Harpal and Tony Matharu have made their fortune converting empty office space into 15 hotels now operating as Grange Hotels, which achieved £12.3m profits on £108.3m sales in 2011-12.
158 Sir Peter Rigby: £550m (+£70m)
Chairman of Eden Hotel Collection, which has seven properties including Mallory Court in Royal Leamington Spa.
244 Surinder Arora and family: £356m (+£33m)
Owner of Arora Holdings which owns six hotels, two of which are run under Sofitel franchises at Heathrow and Gatwick airports.
=252 Marlon Abela: £345m (-£5m)
Lebanon-born Abela is expanding his upmarket London restaurant chain which includes Umu and the Greenhouse.
=252 Andrew Nisbet and family: £345m (+£46m)
Owners of Bristol-based catering supplier Nisbets.
=305 Robert Earl: £270m (+ £30m)
Earl owns an Italian restaurant chain, Buca di Beppo, which operates in the United States and in a handful of Village Urban Resorts within the UK, as well as being involved in the Earl of Sandwich takeaway outlets.
319 Sir Rocco Forte and Olga Polizzi and family: £250m (new)
Wealth stems from the £325m the family made from the £3.8b takeover of the Forte group. Sir Rocco heads the collection of 12 luxury hotels which bear his name, while Olga, design director for the company, also owns two hotels of her own – the Tresanton in Cornwall and the Endsleigh in Devon.
333 Andrew Brownsword: £245m (+£35m)
Having sold his greetings card business for £165m, Brownsword launched Brownsword Hotels, which include the Abode collection, Gidleigh Park and the Bath Priory.
=338 Michael Cannon: £240m (no change)
After buying a half-share in Bristol’s Royal Navy Volunteer pub in 1975, Cannon bought and sold four pub chains for £170m. In 1998 he bought Fuddruckers, the US hamburger chain, which is worth £100m.
=338 Hugh Osmond: £240m (-£12m)
Osmond made £320m from the takeover of Pizza Express with Luke Johnson and later became one of Britain’s biggest pub landlords with Punch Taverns.
367 Tim and Kit Kemp: £217m (new)
The Kemps’ Firmdale Hotels business has seven hotel s in London and one – Crosby Street – in New York. A new hotel, Ham Yard, is under development in Soho, London, with a second property planned for New York.
372 Firoz Kassam: £214m (-£3m)
Tanzania-born Kassam has hospitality interests in Heythrop Park, Oxfordshire, which operates as a Crowne Plaza hotel, and a conference centre operated under a De Vere Venues franchise. He also owns Studley Castle, Warwickshire, another conference venue.
380 The Walduck family: £205m (+£15m)
The family, which has have been in the hotel business since 1827, owns Imperial London hotels, which has six properties around Bloomsbury.
416 Tim Martin: £193m (+£41m)
Martin is the founder of JD Wetherspoon, which will open 30 pubs this year, taking its total to 900.
477 Adam and Samuel Kaye and family: £165m (+£23m)
Brothers Adam and Sam Kaye and family have a £101m stake in the Essex-based Prezzo pizza operation and £10.5m in Tasty, as well as other assets.
517 Norman Springford and family: £152m (+£28m)
Springford, a former accountant, owns Apex Hotels, which has eight properties in London, Edinburgh and Dundee.
=522 Jamie and Jools Oliver: £150m (no change)
The Olivers have a £77m stake in Jamie’s Italian restaurant group which increased sales to £72m in 2011. They also own Jamie Oliver Holdings – covering his TV and book interests – which is worth £70m.
=522 Luke Johnson: £150m (+£20m)
Johnson bought Pizza Express for £18m, leaving in 1998 to concentrate on deals that have made him £80m. He recently sold the Giraffe restaurant chain to Tesco for £49m.
590 Lady Nina Bracewell-Smith and family: £135m (no change)
The family boosted its fortune by the £44m sale of the Park Lane hotel in 1996.
653 Bakir Cola and family: £120m (no change)
Iraqui-born, Cola’s business Cola Holdings owns three London hotels, including the Westbury and Kensington Close.
=824 John Marston and family: £95m (+£10m)
The family sold the 12-strong Marston Hotels group in 2006 to QHotels for £180m.
=824 Julian Metcalfe: £95m (+£10m)
As well as making £50m from the sale of Pret A Manger, Metcalfe has a £20m stake in the Itsu sushi bar chain.
855 Giuseppe Pecorelli and family: £92m (+£10m)
The Pecorelli’s Exclusive Hotels group has four properties including Pennyhill Park in Surrey, alongside sister company EH Venue, which operates two properties.
=859 Guy and Julia Hands: £90m (-£3m)
Owners of the 17-strong Hand Picked Hotels chain.
=859 Alex Langsam: £90m (+£10m)
Langsam owns the Pontins holiday business and half of Britannia Hotels, which has 42 properties.
=932 Sir Terence Conran and family: £80m (no change)
The list was compiled before Friday’s announcement that Sir Terence’s 51% stake in D&D London restaurant group was sold, boosting his £80m wealth by a further £25m.
=970 Lord Daresbury and the Greenall family: £75m (no change)
The Greenall’s family wealth came from the Warrington based De Vere group of hotels which it sold in 2006.
=970 Peter Salussolia and family: £75m (new entry)
Salussolia runs Glendola Leisure, which has themed bars and restaurants and made £1.9m profit on £28.5m sales in 2011-12.
Hoteliers dominate hospitality Rich List 2012 >>