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Hoteliers dominate Sunday Times Rich List 2015

Written by:
Hoteliers dominate Sunday Times Rich List 2015
Written by:

Hotel owners made up the majority of the hospitality industry’s representatives in the Sunday Times Rich List 2015.


Topping the list were Galen and George Weston and family, who have an estimated fortune of £11b and sit in third place. The Wittington Investments arm of the Weston family last year acquired the Grand Hotel in Brighton for around £50m, to add to its Richmond Hill hotel in Surrey. Both are managed by Kew Green Hotels. 


At number five, with a total of £9.7b are David and Simon Reuben, who have investments in pubs and hotels. They fully own a portfolio of boutique hotels, mostly in the south east of England, including the Lingfield Park Marriott Hotel & Country Club. They have entered into a 50:50 joint venture, with Park Plaza Hotels, to develop a hotel under the Art’otel brand in Hoxton, London, and hold a 7% stake in luxury group Belmond. The brothers also own the Wellington Pub Company, which has approximately 850 tenanted pubs, managed on their behalf by Criterion Asset Management.


In ninth place with £8.5b is the Duke of Westminster. The Grosvenor Estate, an extensive property portfolio owned by the Duke of Westminster includes the Chester Grosvenor hotel and the Beaumont hotel in London, which is leased to Corbin & King.


Sir David and Frederick Barclay (pictured), who last week agreed the sale of their their stake in the Maybourne Hotel Group to Qatari investors are 13th in the list with a total estimated wealth of £6.5b (up £500m on last year).


Two places below them in 15th is Mohamed Bin Issa Al Jaber, worth just over £5.9b (down £225m). Al Jaber, 56, owns London-based MBI International Holdings Group. Among MBI assets are JJW Hotels Resorts, which runs the Scotsman hotel in Edinburgh.


The top restaurant investor in the list was Richard Caring, whose interests include the Ivy and Scott’s owner Caprice Holdings, in 137th place with £800m.


Other hospitality business owners and personalities in the list included:


25 (37 last year) Sir Henry Keswick and family: £3.3b (hotels)


29 (27) Lord Bamford and family: £3.15b (pub and restaurants)


31= (35) Ian and Richard Livingstone: £3b (hotels)


31= (34) Eddie and Sol Zakay: £3b (hotels)


36= (33) Sir Stelios Haji-Ioannou and family: £2.76b (hotels)


40 (26) Jim Ratcliffe: £2.5b (hotels)


59= (55=) Poju and Anita Zabludowic: £1.5b (hotels)


93 (116) John Christodoulou: £1.1b (hotels)


101= (84=) Sir Terry Matthews: £1.04b (hotels)122 (121) Jasminder Singh and family: £910m (hotels)


128 = (182) Raj Matharu and family: £850m (hotels)


137 (125=) Richard Caring: £800m (restaurants)


172= (170=) Peter Harris and family: £650m (hotels)


199= (185=) Sir Peter Rigby: £550m (hotels)


214= (196) Paddy McNally: £510m (hospitality)


249= (268) Andrew Nisbet and family: £440m (catering equipment)


313= (290=) Marlon Abela: £325m (restaurants)


319= (353=) Sir Rocco Forte and Olga Polizzi and family: £320m (hotels)


340= (295=) Adam, Samuel and Jonathan Kaye and family: £300m (restaurants)


353= (339=) Iris Gibbor and family: £290m (hotels)


355 (367=) Firoz Kassam: £285m (hotels)


357= (330=) Robert Earl: £280m (restaurants)


366 (306) Tim Martin: £278m (pubs)


371= (353=) Andrew Brownsword: £270m (hotels)


378 (367=) Guy and Julia Hands: £265m (hotels)


391= (367=) Hugh Osmond: £250m (hotels and restaurants)


391= (419=) Tim and Kit Kemp: £250m (hotels)


410= (407=) Colin Allen and family: £240m (hotels)


503= (458=) Khoo Kay Peng: £197m (hotels)


517= (549=) The Walduck family: £190m (hotels)


527 (534=) Duncan Bannatyne: £187m (hotels)


537 (569=) Norman Springford and family: £184m (hotels)


539= (396=) Jamie and Jools Oliver: £180m (restaurants, media)


579= (367=) Michael Cannon: £170m (hospitality)


688= (647=) Julian Metcalfe: £140m (restaurants and food)


707= (666=) Lady Nina Bracewell-Smith and family: £135m (hotels)


729= (781=) Koolesh Shah and family: £130m (hotels)


754= (718=) Mahomed Galadari: £125m (hotels)


754= (846=) John Marston and family: £125m (hotels)


791 = (751=) Bakir Cola and family: £120m (hotels)


856= (813=) Sinclair Beecham: £110m (hotels and sandwiches)


935= (863=) Satinder Gulhati and family: £102m (hotels)


935= (941=) Giuseppe Pecorelli and family: £102m (hotels)
 


Qataris buy majority stake in Maybourne Hotel Group >>


Scotsman hotel staff face redundancy >>

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