Who's the richest person in East Anglia...and how much has ITFC owner added to his fortune?
PUBLISHED: 17:02 14 May 2018 | UPDATED: 17:02 14 May 2018
© Copyright Stephen Waller
Ipswich Town boss Marcus Evans added £35 million to his fortune in the last year, according to an annual list of the UK’s wealthiest people.
The millionaire football club owner came fifth in the countdown of East Anglia’s most affluent entrepreneurs and heirs, according to 30th Sunday Times Rich List.
The 160-page special edition of The Sunday Times Magazine reveals the wealth of the country’s 1,000 richest people, including Blues boss, Evans, worth an estimated £800m.
Ipswich Town Supporters Club (ITSC) chairman Steve Doe is well placed to give Mr Evans some practical guidance on how to spend his extra funds.
The independent financial advisor said: “It’s probably an increase in paper wealth – growth in the value of his companies – but, if he had £35m he didn’t need lying around in a bank account, I’d get him to take out an offshore bond and invest in a basket of high-dividend paying investments.
“He should then withdraw 5% of the capital invested every year – £1.75m – and add it to the manager’s wage budget.
“This would pay the wages for an additional two top players. That’s probably all this squad needs to be at the sharp end.”
Kirsten Rausing topped the regional list of money-makers, with a fortune now worth £10.848bn, thanks to a £1.188bn boost from valuable investments and strong sales in the family’s packaging business.
The 65-year-old granddaughter of Tetra Pak founder Ruben Rausing, who also runs two stud farms in Suffolk and owns half of the British Bloodstock Agency, was valued to be worth almost 10 times her nearest challenger, former Foxtons estate agency owner and Suffolk resident, Jon Hunt, whose fortune increased by £40m to £1.4bn.
Heir to the Guinness brewing fortune, the Earl of Iveagh was third on the local list, up £32m to £922m, with assets of £52m in the Burhill Estates Company and Suffolk’s Elveden Farms estate – which reportedly produces about 6% of the nation’s onions – in addition to a family stake in Guinness owner, Diageo, worth a possible £260m, Canadian property interests of £400m and past sales of £100m in the family vault.
Other notable tycoons include Comparethemarket parent group founder Douw Steyn, Hollywood film and TV moguls Mark Burnett and Roma Downey, caravan park magnate and ‘Gipsy King’, Alfie Best, and Brentwood-based sports promoter Barry Hearn.
Robert Watts, Rich List compiler, said: “The rich are certainly getting richer – and those in this part of the world have enjoyed a particularly strong year. There is not a single faller in our East Anglia list this year.
“You don’t often find an earl and a proud gypsy in such close proximity, but the Earl of Iveagh and caravan park tycoon Alfie Best illustrate how wealth creation has become more diverse in our country over the 30 years we have been compiling The Sunday Times Rich List.”
The list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies.
The complete list will be available to digital subscribers and will be fully searchable online at thesundaytimes.co.uk/richlist2018.
•The richest people in East Anglia:
Kirsten Rausing, £10.848bn (up £1.188bn)
Jon Hunt, £1.4bn (up £40m)
The Earl of Iveagh and the Guinness family, £922m (up £32m)
Douw Steyn and family, £900m (up £50m)
Marcus Evans, £800m (up £35m), 167th richest in UK: According to the Rich List, said to have sold his television company, World Productions, which made crime drama series Line of Duty, to ITV last year for between £30m and £40m.
“Profits at his £550m firm nudged £32m, and while his London property operation slipped, his Championship football and his conference business have made up for it.”
David and Patricia Thompson, £730m (no change)
Mike Lynch, £469m (no change)
Mark Burnett and Roma Downey, £390m (no change)
Ray O’Rourke and family, £306m (no change)
Jonathan Milner, £300m (up £93m)
•Worth £80m, Suffolk singer Ed Sheeran made it to number nine on the list of richest people aged 30 or younger