Cambridge entrepreneurs strike it rich
Cambridge entrepreneurs Mike Lynch, Sir Michael Marshall, Jonathan MIlner (pictured) and Hermann Hauser feature in the 20 richest people in East Anglia, which forms part of the 2015 Sunday Times Rich List.
They are among the 1,000 richest people in Britain who will be unveiled by the newspaper this Sunday (April 26).
Lynch, founder of Autonomy is the richest of the Cambridge contingent in 7th place in East Anglia. His worth is given as £470 million – down £15m on 2014, which drops him down from 6th place. That makes him 235th in the top 1,000.
Sir Michael Marshall and family are the major Cambridge gainers with their worth up £67m to £200m. That hoists them up to 12th richest in East Anglia from 20th position last time and 476th equal in the UK.
Abcam founder and former CEO and serial life science entrepreneur Jonathan Milner also goes up to 14th equal from 21st place last year with his worth given as £165m – up £47m year-on-year. It puts him 595th richest in Britain.
Serial technology entrepreneur and VC Hermann Hauser, founder of the iconic Cambridge empire Acorn, is down to 17th equal from 15th equal last year with worth of £150m, the same figure given last year. It puts him equal 637th in Britain.
Lord Archer’s wealth is unchanged at £140m which drops him from 18th equal in East Anglia to 20th and 688th equal in Britain.
Kirsten Rausing is the richest person in East Anglia, according to the Rich List, to be published this Sunday, April 26.
Rausing’s wealth derives from Tetra Laval, the Swiss packaging group, which enjoyed a rise in sales in 2013 to £9.2bn. Rausing, 62, is a leading shareholder in the business, which is best known for its milk and juice cartons.
Her father was Gad Rausing, who with his brother Hans inherited Tetra Pak, which became Tetra Laval. Rausing also owns two Suffolk stud farms and the Staffordstown Stud in Ireland. Her £8.7bn fortune is shared with her brother Jorn who is based in London.
A commercial property portfolio worth more than £560m means the former owner of Foxtons, Jon Hunt, has not lost his touch. Colchester-born Hunt founded the estate agency in 1981 and sold it 26 years later for £375m, investing heavily in commercial property with the proceeds. His other assets include a car collection and Heveningham Hall, his Suffolk estate.
The Earl of Iveagh is a descendant of Arthur Guinness, who invented the famous black stout in 1759. He chairs the company that runs the Guinness family's financial affairs.
The family stake in Diageo, the drinks giant which now owns Guinness, is worth £200m. He also owns the Elveden estate in Suffolk as well as 2,400 acres in Canada.
Other big gainers in the region include Douw Steyn, up £100m in our new valuation of his wealth to stand at £700m. His Steyn City commercial and residential development has just opened north of Johannesburg.
The £350m project is the brainchild of Steyn and aims to provide a dream lifestyle for its residents. Steyn runs Peterborough-based BGL, which owns comparethemarket.com.
Ewan Kirk, a former Goldman Sachs partner who launched the Cambridge-based Cantab Capital Partners hedge fund in 2007, has seen his wealth rise 50 per cent in a year, up from £140m in 2014 to £210m. The fund now has about $5bn of assets under management.
The biggest faller in the region is Richard Higham who runs Norwich-based offshore oil services group Acteon. Falling oil prices have seen his fortune drop by £120m to £150m.