Businessman is one of richest in country

A SUFFOLK businessman has cemented his place as one of the richest people in the country after he sold his estate agency firm in a deal believed to have netted him a windfall of around £370million.

A SUFFOLK businessman has cemented his place as one of the richest people in the country after he sold his estate agency firm in a deal believed to have netted him a windfall of around £370million.

Jon Hunt, the founder of London's largest estate agency firm Foxtons, has sold the business to a private equity firm.

The owner of Heveningham Hall, near Halesworth, who is thought to own 97 per cent of the business, agreed a deal with BC Partners, reported to be worth up to £400m. The two companies did not provide any financial details.

Mr Hunt said: “I am happy to hand over the reins, knowing that what we have started has a very long way still to go and that all my colleagues at Foxtons will continue to prosper.”


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Foxtons, made famous for its fleet of colourful minis, was founded 26 years ago from a single office in Notting Hill and now trades from a total of 19 offices in the capital and one in Guildford, Surrey. It also owns Alexander Hall, a mortgage broking business.

Mr Hunt was valued at £706m in the Sunday Times Rich List for 2007, giving him a position of 105th - up from 182nd a year earlier. The position was based on the business' estimated sale price of £400m.

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