October 2 2014 Latest news:
Monday, May 12, 2014
A Newmarket-based stud farm owner and multi-national company heiress who is among the richest people in the country enjoyed the largest increase in wealth this year, it has been revealed.
According to The Sunday Times Super-Rich list, billionaires with connections to the county saw their assets increase by nearly £4.9billion this year, compared to what they were worth in 2013.
Among those is Newmarket-based Kirsten Rausing who, along with her brother Jorn, sit on the board of Tetra Laval, the Swedish-based packaging company which consists of three industry groups, including Tetra Pak.
Kirsten, who also owns stud farms in Newmarket and was awarded with an honorary degree at University Campus Suffolk in 2008, saw £3.691bn added to her and her brother’s assets this year.
That is the highest increase in wealth this year and sees them rise to eight in the Super-Rich List with £8.8bn.
Also in the top 100 is property tycoon Jon Hunt, owner of Heveningham Hall.
The 60-year-old’s property career began when he was loaned £100 for a one-bedroom conversion in Surrey and he made his money from the upmarket estate agency chain Foxtons, which he sold for £375m.
Heveningham Hall is a Grade 1 listed building which was bought by Mr Hunt and his wife in 1994. Work has since been carried out to restore the buildings and grounds.
Meanwhile, Formula 1 supremo Bernie Ecclestone, who was born near Bungay, saw his and his family’s stock rise by £500m this year – they are now worth £3bn.
Ecclestone is currently fighting bribery charges and claims he is the victim of blackmail but the family still has an £800m stake in Formula 1, with other assets taking their total assets to £3bn.
Also in this year’s list was Lord Ballyedmond and his family.
Lord Ballyedmond made his money in pharmaceuticals and was known as one of Northern Ireland’s richest men but died in March in a helicopter crash in Gillingham, on the Norfolk-Suffolk border.
The peer, also known as Dr Edward Haughey, 70, was chairman of Newry-based Norbrook, the largest privately-owned pharmaceutical company in the world.
The family’s assets were recorded as £1.4bn in this year’s list, up from £860m last year.