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Hoteliers dominate 2016 Rich List

25 April 2016 by
Hoteliers dominate 2016 Rich List

Hotel owners once again made up the majority of the hospitality industry's representatives in the Sunday Times Rich List 2016.

Topping the list both of hospitality figures, and of the overall list of the 1,000 richest people in Great Britain and Ireland were David and Simon Reuben (pictured), with £13.1b.

The brothers have investments in pubs and hotels around the world, including a fully owned portfolio of boutique hotels, mostly in the south east of England, featuring properties such as 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 10.6% stake in luxury hotel group Belmond. They also purchased the loans on three global luxury hotels including Grosvenor House in London, as well as two hotels in New York - the Plaza and Dream Downtown - last year.

In fourth place overall are Galen and George Weston who derive most of their wealth from retailing but whose Wittington Investments arm acquired the Grand Hotel in Brighton in 2014 for around £50m, to add to its Richmond Hill hotel in Surrey. Both are managed by Kew Green Hotels.

Sixth is the Duke of Westminster who owns the the Grosvenor Group which controls 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 are 12th in the list with a total estimated wealth of £7b. They have sold their interest in the Maybourne Group but still own the Ritz in London.

Other hospitality business owners and personalities in the list included:

1 David and Simon Reuben, £13.1b, property and hotels

4 Galen and George Weston and family, £11b, retailing and hotels

6 The Duke of Westminster, £9.35b, property

12 Sir David and Sir Frederick Barclay, £7b, owners of the Ritz

15 Mohamed Bin Issa Al Jaber, £5.84b, JJW Hotels & Resorts

26 Ian and Richard Livingstone, £3.545b, owners of Chewton Glen and holders of the hotel lease at Cliveden

27 Lord Bamford and family, £3.5b, construction equipment, pubs and restaurants

32 Eddie and Sol Zakay, £3.15b, property and hotels (Topland Group)

33 Joe Lewis, £3.1b, holds a £294m stake in Mitchells & Butlers

36 Sir Henry Keswick and family, £2.975b, property, retailing and hotels

67= Poju and Anita Zabludowicz, £1.5b, property and hotels

82= Sir Charles Dunstone, £1.3b, mobile phones, restaurants and property

103= John Christodoulou, £1.1b, property and hotels

115 Sir Terry Matthews, £1.012b, computers and hotels (owns Celtic Manor Resort)

123 Jasminder Singh and family, £920m, hotels

132 Raj Matharu and family, £862m, property and hotels

158 Trevor Hemmings, £725m, property and pubs (including Trust Inns)

164= Richard Caring, £700m, restaurants (Caprice Holdings)

182= Peter Harris and family, £650m, hotels and caravan parks (Bourne Leisure)

207= Paddy McNally, £570m, advertising and hospitality

210= Sir Peter Rigby, £550m, computers, aviation and hotels (Eden Hotel Collection)

228= Tim and Kit Kemp, £500m, Firmdale Hotels

261 Andrew Nisbet and family, £443m, catering equipment

267 Ranjit and Baljinder Boparan, £430m, food and restaurants

333= Adam, Samuel and Jonathan Kaye and family, £325m, restaurants

339= Marlon Abela, £320m, inheritance and restaurants

339= Sir Rocco Forte and Olga Polizzi and family, £320m, hotels

348= Robert Earl, £302m, restaurants

364= Iris Gibbor and family, £290m, industry and hotels

370= Firoz Kassam, £285m, hotels

388 Andrew and Christina Brownsword, £272m, hotels and greetings cards (owners of Gidleigh Park)

403m= Colin Allen and family, £260m, £220m stake in Bourne Leisure

403= Guy and Julia Hands, £260m, finance and Hand Picked Hotels

410= Hugh Osmond, £255m, hospitality and insurance

414 Tim Martin, £254m, JD Wetherspoon pubs

434 Luke Johnson, £245m, finance (investor in several hospitality businesses)

437= The Walduck family, £240m, hotels (Imperial London Hotels)

460= Alex Langsam, £220m, hotels (Britannia Hotels)

515= Duncan Bannatyne, £200m, fitness clubs and hotels

515= Norman Springford, £200m, Apex Hotels

546= Khoo Kay Peng, £197m, retailing, food and hotels (including Corus Hotels)

582= Bakir Cola, £180m, owns Westbury hotel in London's Mayfair

612= Michael Cannon, £170m, hospitality and food

612= David Coffer, £170m, property

640= Jamie and Jools Oliver, £160m, food and media

715= Julian Metcalfe, £147m, sandwiches and restaurants (Itsu, and co-founder of Pret a Manger)

721= John Marston and family, £145m, property and hotels

754= Lady Nina Bracewell-Smith, £135m, hotels

766= Mohammed Galadari, £130m, hotels

766= Koolesh Shah, £130m, London Town Hotels Group

792= Aran and Arvan Handa, £128m, hotels (Cairn Group)

931= Satinder Gulhati, £106m, hotels (Veladail Hotels)

936= Mustafa and Fatma Kiamil, £105m, food (JJ Food Service)

985= Giuseppe Pecorelli, £103m, hotels (Exclusive Hotels)

Hoteliers dominate Sunday Times Rich List 2015 >>

TagsFinance and Hotels
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