Surrey's Richest 50 2010 - 50 to 41
PUBLISHED: 17:07 05 April 2012 | UPDATED: 17:20 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
Michael Tuke, 62, and family
Mike Tuke was a research assistant at Imperial College, London, when he helped set up Finsbury Orthopaedics in 1978. The Leatherhead-based company specialises in artificial joint replacements. Tuke was the majority shareholder in the business, which was sold in 2009 for an estimated 60m. After-tax he should be worth 39m.
Pete Townshend, 65
40m (no change)
In 2009, Peter Townshend was back on the road again with The Who. He also announced that he was writing a major new project, Floss, in the manner of Tommy and Quadrophenia, which could form the basis of a new Who album and a theatrical show. Meanwhile, his two companies, Eel Pie Recording Productions and Eel Pie Publishing, had around 4.7m of net assets in 2008-09. With housing assets as well, we value Richmond-based Townshend at 40m.
Chris Ingram, 66, and family
40m (no change)
A WOKING boy through and through, Chris Ingram left school at 16 to become a messenger in an advertising agency. Within ten years, he was a director of a London agency, and in 1976 started his own operation, Chris Ingram Associates. A media buying agency, it was later re-named Tempus Group, and in 2001 was taken over by Sir Martin Sorrells WPP, netting Ingram nearly 63m.In 2003, he launched the Ingram Partnership with an initial investment reckoned to be 10m, but it closed in 2007. Ingram also has a 245,000 stake in Vitesse Media, a quoted online media group.Well-known locally, he maintains strong links with Woking Football Club, and his extensive art collection is currently on loan to the towns art gallery The Lightbox. His family charity, The Ingram Trust, also supports several charities in Surrey as well as others further afield.Altogether, Ingram should easily be worth 40m after-tax.
Kenneth Green, 64, and family
Perfume and cosmetics
40m (last year 32m)
Having spent his entire career in the perfumery and cosmetics industry, Kenneth Green founded his own fragrance and distribution company in 1990, to help prestige companies deliver global products to local markets.Since then, Kenneth Green Associates has become one of the largest specialist distribution companies in the world. In 2008, the Weybridge-based operation made 3.6m profit on 48.8m sales and showed net assets of 16.4m. It is owned by Green and his family. We value the business at around 32m.The Green family also owns the separate Classic Beaute operation, worth around 6m on the back of a 982,000 profit on 6.6m sales in 2008. Past dividends and salaries should take the Green family to 40m.
Alan Spence, 62
45m (no change)
Alan Spence started out selling candyfloss at Chessington Zoo, later going on to work as a shipping agent in the City. At the age of 19, he started his own company, Britannic Shipping Services, before moving into the travel industry with Britannic Travel, which he sold in 2003 for 45m. Spence stayed in charge of the New Malden-based operation until 2008. He has now returned to his roots, running Regal Freight Solutions in Surbiton. He will easily be worth 45m after-tax.
Sir Michael Caine, 77
45m (no change)
Oscar-winning actor Sir Michael Caine remains loyal to his hometown of Leatherhead, still supporting the towns local drama festival every year and recently becoming a patron of the local theatre. born in South London, Caine was an evacuee during the war. After national service in Korea, he went on to work in the theatre and on television before landing a starring role in Zulu in 1963. But it was as Alfie, and later as Harry Palmer in the spy films, that he made his name.Caine emigrated to America in the 1970s, but he hankered for Britain and returned in the early 1980s, and is now happily settled in Leatherhead.Still starring in films today, in his latest movie, Harry Brown, he plays a pensioner who takes revenge for his friends death. He also has extensive business interests and earns 5m annually according to a survey of celebrity high earners in OK! Magazine. His past property deals and the like should take Caine to 45m.
Dr Ceri James, 65
45m (no change)
Computer consultant Ceri James co-founded the Admiral software firm above a Camberley coffee shop in 1979. The company grew rapidly after its 1987 flotation, and in 2000 was taken over in a 1.15 billion deal. In 2001, James stake in the business was worth 93m. We assume he sold some shares, and with previous sales, he would be worth 45m today. A keen rugby fan, he was a director of the London Welsh rugby club until 2004.
Jim Zockoll, 80
47m (last year 45m)
Jim Zockoll, from Pittsburgh, began his career as a Pan Am pilot. However, while in London in 1963, he undercut a British company bidding to clear a blocked drain at his hotel, after flying in a machine from the USA, and Dyno-Rod was born. In 2004, the sale of the Surbiton-based company netted him 49m. He still has businesses that are run under The Zockoll Group, and in all should easily be worth 47m.
Albert Perry, 86, and family
Albert Perry started out as a 16-year old office boy for a firm of builders. Within 11 years, he was a director and went on to build a property empire, becoming chairman of the quoted company PSIT. Following a 247m takeover in 1997, Perry and his family collected 40m in cash. We add 20m for their Epsom-based farming, property and stud company, Cromwell Holdings. Other assets take them to 48m after-tax and re-investment of sale proceeds.
Sir Cliff Richard, 69
50m (last year 40m)
In 2008, Sir Cliff Richard celebrated 50 years in showbusiness with a flurry of activity, which included the release of his autobiography, a UK arena tour and a 50th anniversary hits album. This was followed by an equally active 2009, in which he undertook a major tour with the Shadows.
Still with a base in Virginia Water, Richard also has a home in Barbados and spends time in Portugal, too, where he set up a commercial vineyard producing Vina Nova wine. His company, Balladeer, has paid out some 12m in salaries between 1999 and 2005, virtually all going to Richard. Yet, as he has never written his own songs, Richard has missed out on this lucrative income stream. But the royalty stream from his 250m record sales over the course of his career should easily give him wealth of around 50m.
Photo: Andy Newbold / www.andynewboldphotography.com