Surrey's Richest 50 2010 - 30 to 21
PUBLISHED: 17:07 05 April 2012 | UPDATED: 17:25 20 February 2013
It may have been a tough year for the economy, but that doesn't seem to have had much of an effect on Surrey's millionaires
Originally published in Surrey Life magazine June 2010
It may have been a tough year for the economy, but that doesnt seem to have had much of an effect on Surreys millionaires in fact, many of them have even increased their fortunes. Here, we bring you our annual guide to the wealthiest people in the county, compiled by Philip Beresford, the writer of the Sunday Times Rich List
With grateful thanks to our sponsors Coutts & Co in Guildford and Paul James Jewellers in Oxted
Robert, 47, and Patrick Wilson, 45
85m (last year 36m)
Brothers Robert and Patrick Wilson own Nelsons, a manufacturer of natural medicines in Wimbledon that was founded in 1860.The Wilson family bought Britains largest maker of homeopathic remedies in 1974. Today, it is well known for its Rescue Remedy stress relief brand and Bach Original Flower remedies.The company won the Coutts national prize for Family Business 2008/09 in the 25m plus turnover category.
Chairman Robert Wilson says: One of the keys to our success is that, as a family business, we manage our affairs with a much longer-term view. We are custodians of this business for the next generation.
The parent company, Nelson & Russell Holdings, made an 8m profit on 41m sales in 2008, and its 2009 results should be equally impressive. On these figures, we value the company at a conservative 80m. Other assets take the Wilson family to 85m.
Christopher Hohn, 43
The Childrens Investment Fund saw a 73 per cent surge in profits to 556m on 574m sales in the year to August 2008. But the London-based hedge fund warned that 2009 would be a lot tougher. So it proved. Its investment funds shrank sharply with one report putting the fall at 50 per cent.
Despite this, founder Chris Hohn continues his huge charitable donations. In 2008, he gave 499.3m to the foundation run by his wife, Jamie Cooper-Hohn, that benefits projects across Africa and the developing world. In the last four years alone, he has put 1.1 billion into the organisation.
The son of a Jamaican mechanic, Hohn grew up in Addlestone and learnt about hedge funds working on Wall Street. He launched The Childrens Investment Fund backed by 25 investors including Yale University. With the 2009 difficulties and the huge charitable donations, we value Hohn at 85m. He would have been a billionaire if he was not so generous.
Ron Dennis, 62
87m (no change)
Chairman of McLaren Automotive, Ron Dennis recently launched the companys new MP4-12C supercar at its Woking headquarters. It will cost between 125,000 and 175,000 when it goes on sale next year.
The launch marked the start of a new phase in his career. After 42 years in motorsport, he stepped down in 2009 as boss of the McLaren F1 team. He left on a high with driver Lewis Hamilton crowned as world champion at the end of the 2008 season. In his new capacity, Dennis is building the new McLaren business, which includes divisions devoted to luxury car manufacturing, electronics and applied technology.
Today, the entire business together is probably worth around 450m, which values Denniss 15 per cent stake at 67.5m. Past share sales, property and other assets take him to perhaps 87m.
Sir Terence Conran, 78, and family
Retail and food
Born in Esher, Sir Terence Conran is one the worlds best known designers, restaurateurs and retailers.
Having founded the Conran Design Studio in 1956, he went on to set up the Habitat chain of home furnishing stores in 1964. More recently, he has become famed for his restaurants, and his latest chain, Albion, has recently secured its second site in Londons Victoria, SW1, and is in talks to open in Covent Garden and Regents Park, too.
With a 51 per cent stake in the family business, Conran Holdings, the sale proceeds from the other half and some 70m of other assets, we value the family at 93m after-tax.
Tony Pidgley, 62
95m (last year 71m)
Housebuilder Berkeley is riding the recession in pretty good shape. But in spite of a strong balance sheet, the Cobham-based operation has not been totally immune. The business is valued at just over 1 billion; less than half its value in mid-2007.
Chairman Tony Pidgley made his reputation in the early 1990s when he sold his land bank at the top of the market, and cherry-picked the best sites back for a fraction of their price as recession struck. The former Barnados boy has a stake in Berkeley now worth 54m, and previous salaries, share sales, dividends and bonuses will take him to 95m easily.
Henry Lumley, 79, and family
THE latest business of the Bagshot-based Lumley family is Lumleys.net. Its first flagship project was the refurbishment, on time and to budget, of Windlesham Golf Club. The business is owned by Henry Lumley, who made his name in the insurance market. The previous family company Edward Lumley Holdings was sold in 2003 for 133m. We can see 1.9m net assets at Lumleys.net in its 2007-08 accounts. With asset values recovering, we value the Lumley family, led by Henry Lumley, at 110m after-tax.
Peter Wood, 63
120m (no change)
Entrepreneur Peter Wood the man behind some of Britains best known insurance brands recently bought the remaining 70 per cent of motor insurance firm, esure, that he did not own, with the help of new external investors. The Reigate-based company, famed for its calm down, dear adverts starring Michael Winner and the pink Sheilas Wheels girls, was valued at over 190m in the deal.
Wood has been the leading innovator in insurance since he launched the Direct Line business in 1985, going on to set up several other successful insurance companies, before founding esure in 2000.
He also has a 6m stake in model train maker Hornby, and two restaurants in Surrey, The Dining Room in Reigate and POST in Banstead, which he co-owns with celeb chef Tony Tobin. In all, Wood should still be worth around 120m.
Eric Clapton, 65
125m (last year 120m)
Eric Claptons Marshbrook company showed that old Slowhand is making serious money. In 2008-09, as a result of increased touring activity, Marshbrooks turnover shot up from 4m to 16m, and Clapton took a salary of 11.7m against 1.5m in the previous year.
The former art student, who completed a one-year foundation art course in 1962 at the Kingston College of Art, has racked up 15 Grammy awards in his long career with the Yardbirds and Cream, and latterly as a solo singer.
He has certainly achieved longevity and has a strong back catalogue. Since 1989, he has collected around 122m in salaries from Marshbrook.
Last year, Clapton undertook a series of gigs with Steve Winwood in New York and then toured Japan, as well as doing his usual dates at the Royal lbert Hall.
With his other assets, his back catalogue and the touring income to come, not to mention a 9m yacht, Surrey Hills-based Clapton should be worth 125m.
The Goodliffe family
located in Sanderstead, the cleaning to security group OCS takes its name from its mission to provide One Complete Solution for property services. They began life in 1900 when a Frederick Goodliffe set off with a ladder and pail to clean the windows of London. The company is still owned by the Goodliffe family and is easily worth 120m. We add 5m for other assets.
John Dunsdon, 58 , and family
130m (no change)
Esher-based property company Coldunell saw its profits fall in 2008-09 from 5.8m to 2.8m on sales of 10.7m, and its net assets drop from 125.2m to 112.2m.
However, we still value the business, which is run by John Dunsdon and owned by his family and trusts, at around 100m. Adding 30m for other assets, the family is worth 130m.