Newcastle United owner Mike Ashley tops region's rich list

The Northern Echo: Newcastle owner Mike Ashley Newcastle owner Mike Ashley

BILLIONAIRE football club owner Mike Ashley may have suffered double derby defeats on the pitch but he has beaten his North-East rival to the top of the regional rich list.

The Newcastle United owner is once again the richest man in the region, according to the annual Sunday Times Rich List - due to be published this weekend.

His fortune has soared by 63 per cent in the past year, growing from £2.3bn to £3.750bn, thanks to the success of his Sports Direct retail empire.

The £1.45bn boost to his personal wealth embeds him further in among the 104 billionaires in the 26th annual rich list, which profiles the 1,000 richest people and families in Britain and Ireland.

Appearing on the list for the first time is Sunderland chairman Ellis Short, who with a £1bn fortune is the second richest man in the North-East and ranks at 98 nationally.

The Irish-American financier runs a London-based property finance venture, Kildare Partners.

They are joined in the top three by Mark Fenwick and family, owners of the Newcastle department store.

Financier and philanthropist Jonathan Ruffer, who despite giving away £30m primarily by purchasing Auckland Castle in Bishop Auckland and its Zurbaran paintings, saw his bank balance rise by £50m to £380m making him the region’s fourth richest man.

A boom in popularity for fashion firm J Barbour on South Tyneside saw Dame Margaret and Helen Barbour and family move from tenth last year to seventh, with £315m.

Middlesbrough FC owner Steve Gibson rose from 13th spot on the regional rich list to eighth, with £205m.

Dragon’s Den star Duncan Bannantyne, whose business HQ is in Darlington, last year dropped out of the top 20 but has returned with a balance of £175m.

The regional list shows that Teesside developer Stuart Monk and family are worth £157m,

Brothers Eddie and Malcolm Healey, originally from Hull, remain the richest people in Yorkshire with a combined wealth of £1.3bn.

They are closely followed by Doncaster-based Lord Kirkham and family, worth £1.15bn following the sale of his DFS furniture company.

Internet and property tycoon Paul Sykes, of Studley Royal Estates, near Ripon, in North Yorkshire, is sixth on the Yorkshire rich list with £650m.

He is a UKIP donor, previously donated more than £1m to restoration of the Royal Hall, in Harrogate, and funded charity expeditions by Sir Ranulph Fiennes.

Comments (3)

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2:00pm Fri 16 May 14

Hunty1 says...

Judging by the look on his face money doesn't buy you happiness... only gives you choices... sad really
Judging by the look on his face money doesn't buy you happiness... only gives you choices... sad really Hunty1
  • Score: 1

4:04pm Fri 16 May 14

punkrocker says...

The picture sums up Pugsley. Sad and all alone. Well of to the pub with my real mates later something he can only dream of.
The picture sums up Pugsley. Sad and all alone. Well of to the pub with my real mates later something he can only dream of. punkrocker
  • Score: 1

5:30am Sat 17 May 14

Archie Brand says...

What a load of garbage - "sad and alone"

Ashley gets down the pub with his mates on a regular basis. Plus he eats in the finest restaurants and throws millions around in the casinos. Not sad, not alone.

Bitterness and jealousy are terrible things. I hope you both can get past the fact that Ashley is loaded and you are not.

My question is how he qualifies as the richest man in the region?

I thought his "region" was Bedfordshire where he lives and where his business headquarters are located?

Surely he doesn't qualify just because he has a business here?
What a load of garbage - "sad and alone" Ashley gets down the pub with his mates on a regular basis. Plus he eats in the finest restaurants and throws millions around in the casinos. Not sad, not alone. Bitterness and jealousy are terrible things. I hope you both can get past the fact that Ashley is loaded and you are not. My question is how he qualifies as the richest man in the region? I thought his "region" was Bedfordshire where he lives and where his business headquarters are located? Surely he doesn't qualify just because he has a business here? Archie Brand
  • Score: 0

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