VICHAI SRIVADDHANAPRABHA - Riches person in Leicestershire!

[davieG]

A magazine profiling Leicestershire's wealthiest people is free inside today's Leicester Mercury.

The Leicestershire Rich List 2013 contains a comprehensive list of the richest in the county.

The 40-page glossy publication explains how a range of high-profile and not so well-known business leaders and landowners have made their fortunes.

Mercury Business Editor Ian Griffin said: "Among the most celebrated are Dunelm founders the Adderley family, building tycoon David Wilson and haulage magnate Hilary Devey.

"However, there are many other wealthy individuals who do not attract the same level of publicity.

This magazine is aimed at highlighting these people’s achievements and background."

We have listed the top 10 below. See today's Mercury to see the full Rich List.

 

 

1. VICHAI SRIVADDHANAPRABHA

Wealth: £1 billion

Lives in: Thailand

Sector: Duty free retail.

THE owner and chairman of Leicester City Football Club – father of vice-chairman Aiyawatt – has seen his wealth rise from £154 million over the past year, according to Forbes magazine, due mainly to increased tourism to Thailand.

Vichai runs King Power, the Thai-based duty free business which owns Leicester City.

Its chain of duty-free airport shops and retail stores has seen massive increases in profits.

Forbes said King Power’s profits rose by 35 per cent last year, and this – coupled with new information on his share holdings – takes Vichai from 37th to 11th in the rich list of the most wealthiest people in Thailand.

The 55-year-old bought City nearly three years ago and has invested an estimated £100 million in the club, including purchasing the stadium for £17 million through his company K Power Holdings.

City made a record loss of nearly £30 million during the 2011-12 season, almost double their previous record deficit.

Despite this, the father-of-four and son Aiyawatt have repeatedly pledged to invest in City to get the club into the Premier League.

Previously known as Raksriaksorn, they were bestowed with the honorary name Srivaddhanaprabha – which means ‘light of progressive glory’ – by the king of Thailand earlier this year.

 

 

2. WILLIAM ADDERLEY

Wealth: £652m

Lives in: Rutland

Sector: Inheritance and entrepreneur.

William Adderley, born in 1972, is executive deputy chair of Dunelm Group. The story of Dunelm Mill is a rags-to-riches story of blinds to bed linen. Founded by William’s parents, Bill and Jean Adderley, Dunelm started as a market stall in Leicester, selling pre-cut fabrics. Expansion across the East Midlands during the 1980s led to the brand’s first superstore in 1991 and a listing on the London Stock Exchange in 2006.

Will Adderley entered the story in 1993 after graduating in industrial economics from Nottingham University. He rose to become chief executive after the float, but has since taken a back seat as executive deputy chairman.

His decision to sell 7.5 million shares (3.8 percent) earlier last year might have worried some shareholders, but Adderley claimed his decision was based on a desire to diversify his and his wife’s portfolio. This sale has placed Will’s wealth above that of his parents, though he retains at least 30 percent of the family firm.

The family, collectively the majority owners, will continue to see an increase in wealth as Dunelm’s resilience continues to impress high street figures.

Will Adderley’s £36 million liquidity event pushes his wealth up even further.

 

 

3. BILL AND JEAN ADDERLEY

Wealth: £612m

Live in: Uppingham

Sector: Entrepreneurs

Bill and Jean Adderley are the retail heroes of Leicestershire.

Their Leicester-based market stall selling curtains is now listed on the London Stock Exchange as Dunelm Group plc with a market capitalisation of £1.8 billion.

Furthermore, the company has weathered the recession that has swept through Britain’s high streets and continued to see a rise in profits.

Bill and Jean, who set up the business in 1979, own 23.8 per cent of it, while their son, Will, the firm’s executive deputy chairman, holds a 30.5 per cent stake in the business.

Dunelm, based in Syston, has 135 stores, and in September announced record annual profits – seeing an 11.6 per cent rise in earnings to £108 million for the year to June 29.

Sales increased by 12.2 per cent to £677.2 million in the same period, and Dunelm announced a one-off £50.7 million payment to shareholders. Bill Adderley wants the group, which employs 630 staff in the county, to double in size in the next decade.

 

 

4. JOHN BLOOR

Wealth: £525m

Lives in: Measham

Sector: Entrepreneur

John Bloor, born in 1943, is one of the Midland’s most successful entrepreneurs. He owes his wealth to an unlikely combination: houses and motorcycles.

Bloor does not look like the owner of a motorcycle manufacturer that has an almost cult-like following, but in 1984 he re-launched the Triumph brand in Hinckley, Leicestershire. Motorcycle sales have boomed in the last few years against all odds.

Triumph is now busy selling the new Daytona 675 and Street Triple.

His company Bloor Holdings, which operates both businesses, has a total workforce of 2,400 and achieved latest sales figures of £727 million and a profit of £69 million.

The group was the seventh largest business in Leicestershire’s Top 200 Companies, a magazine published by the Leicester Mercury in June.

Bloor Homes builds more than 2,000 new homes each year, ranging from one bedroom apartments to seven-bedroomed luxury properties.

Triumph, accounting for half the group’s turnover, has 600 people in Hinckley.

 

 

5. PETER DE HAAN

Wealth: £373m

Lives in: Market Harborough

Sector: Family wealth

THE De Haan family wealth comes from providing travel insurance to the elderly. Saga Ltd started as a hotel run by Peter’s father, Sidney. The two De Haan brothers – Peter and Roger inherited the company in the 1980s and rode the boom in travel and tourism. The brothers parted ways in 2003 when Peter, who was Saga’s finance director, sold his stake to Roger. Then, one year later, Roger sold the lot for about £850 million.

Since their vast windfall, the De Haan brothers have continued in their separate ways. While Roger bought Folkestone Harbour for £11 million, Peter started the Leicester-based Opus Trust Marketing group, a marketing and printing consultancy.

Peter also owns a wine merchant, Bancroft Wines, and a charity, The Peter De Haan Charitable Trust, which supports the arts and creativity in schools.

The wine trade has been one of the most successful in the luxury sector, outstripping art, collectibles and classic cars, however uncertainty in Asian markets saw the market slashed by almost a quarter from 2010 to 2011.

De Haan’s Leicester-based Opus Trust is where future profits lie.

The company deals in various sectors from utilities and retail to finance and tourism.

 

 

6. SAMWORTH FAMILY

Wealth: £490m

Lives in: Cropwell Butler/Melton Mowbray

Sector: Family wealth

THE Samworth brothers are Leicestershire’s homemade pie entrepreneurs.

The Samworths not only own Dickinson and Morris but in 1977 purchased the largest Cornish pasty maker Ginsters, thereby holding two county food brands.

The trio of brothers – Sir David, Frank and John – together inherited the family company in 1955.

Originally dating back to 1896, Samworth Brothers’ holding company is now a chilled food giant which records turnovers of more than £800m.

With more than 9,000 staff, it is one of Leicestershire’s largest employers.

The Ginsters purchase was driven by John Samworth, who took a step back from running Samworth Brothers in the 1980s to allow Sir David to become chairman.

John is now a senior director, while Sir David, after serving as chairman until 2005, has retired to the honorary position of life president.

Sir David set up the Samworth Foundation, which supports three city academies, and was knighted in 2009 in recognition of his charity work.

John has given generously to the Nottingham Hockey Club.

 

 

7. DAVID WILSON

Wealth: £405m

Lives in: Loseby Hall, Loseby

Sector: Entrepreneur

DAVID Wilson is a second generation house builder. His father, Albert Wilson, started constructing homes in Leicestershire under the name Wilson Bowden.

David, born in 1943, joined Wilson Bowden at Ibstock, after graduating from Leicester Poly. He expanded the company, floated it on the London Stock Exchange, and then sold it to Barratt Developments in a £2.2 billion deal. Now David Wilson hopes to repeat the process with Davidson’s Homes, run by his son James, which carries the tag line, “New Homemakers for a New Generation”.

Davidsons Homes battled through the doldrums of the construction economy, and Wilson also occupies himself in county matters: he is a Deputy Lieutenant of Leicestershire, president of its county cricket club and agricultural society.

In 1995, he started the David Wilson Foundation, and a new library at the University of Leicester bears the property tycoon’s name.

 

 

8. TAYUN FAMILY

Wealth: £210m

Lives in: Leicester

Sector: Family wealth

@WHEN Rashid Tayub and his brother Aziz arrived in Leicester from Malawi, in 1976, they started a small groceries business.

That business has since blossomed into Crown Crest, a national retail cash & carry chain, which has swallowed up the national Poundstretcher brand.

Rashid currently serves as deputy chairman and non-executive director of Instore (the holding company of Poundstretcher), while his brother Aziz (pictured) has a more hands-on role at Crown Crest, serving as its CEO.

The Poundstretcher brand is the crown jewel in Crown Crest and the Tayubs are currently funding its expansion. Poundstretcher is planning to open 30 stores in the next three months as part of a multi-million pound investment programme.

Crown Crest said it was investing in the discount brand as it faces increasingly-tougher competition in the wholesale side of its business.

Combined turnover for the business, which operates 410 Poundstretcher stores, is £430 million.

Staffing has grown from 5,727 to 6,075 this year – with 120 staff in Leicestershire.

 

 

9. TEJANI FAMILY

Wealth: £148m

Lives in: Leicester

Sector: Family wealth

THE Tejanis appearance in this list comes after the sale of their tissue company in 2010 to an Italian rival, Sofidel Group.

Shiraz and Amin Tejani arrived in the UK in 1972 after fleeing Idi Amin’s dictatorship in Uganda. Ending up in the East Midlands, they opened a small paper tissue retailing business called LPC Group. The group rapidly expanded, selling toilet paper and kitchen rolls throughout the UK with factories in Leicester and Scotland.

Before its acquisition, LPC Group was selling tissue across Europe from plants in Sweden, Belgium and France. Following the deal in 2010, the Tejani brothers re-invested in the paper industry through Sav-Eco Packaging, a manufacturer of corrugated cartons, boxes and cases.

In 2008, Yoweri Museveni, president of Uganda, visited Leicester and the Tejani family to amend links between Uganda and the exiled Asian-Ugandan population.

The paper market has boomed in the country that invented paper: China. Asian demand – mostly coming from China – has driven a 45 percent rise in paper trading.

 

 

10. STAMPER FAMILY

Wealth: £144m

Lives in: Twycross

Sector: Family wealth.

A ‘Gaming’ entrepreneur is a name you would expect to hear in California, not in Leicestershire. But the Stamper brothers can claim this title. Brothers Tim, Stephen and Chris founded Rare Limited in 1985 from their house in Ashby, next to the family-run newsagent.

The company developed under the official name, Ashby Computers & Graphics, but then rebranded to Rare, when games like Donkey Kong and GoldenEye 007 became hits with Nintendo.

On the back of these blockbusters, Nintendo bought 49 percent of the company, leaving the trio in charge to carry on developing games. Then, a £240 million sale to Microsoft in 2002 put all three brothers firmly among the Midland’s wealthiest software entrepreneurs. The deal also included Microsoft’s purchase of Nintendo's 49 percent.

Chris and his brother Tim stayed with the company under Microsoft’s management until 2007 when they left to ‘pursue other opportunities’.

Director’s salaries were topping £4m at the time.

The three brothers may have sold their company, but they retain ownership of multiple software patents.

One of those, according to the title, is a "method for automatically editing captured images for inclusion into 3D video game play”.

Read more: http://www.leicestermercury.co.uk/s-Leicestershire-Rich-List-2013/story-20034143-detail/story.html#ixzz2jmq33Y4m

[goose2010]

WE ARE MASSIVE - should really live in Leicester like the others to qualify though surely?? 

 

That is actually quite interesting our company do a lot of work for Rare, I was over at their offices only the other week never knew they were worth that much though!! Although they do have a solid gold donkey kong statue in their reception which is pretty cool. They have a game coming out on the new xbox that could be huge its a great idea bit like Kinect sports but a lot better! 

[Guest MattP]

Cancel our debt please.

[lgfualol]

We should buy Messi, and the rest of the Barcelona team when we're promoted. 

 

This article also makes me feel so poor. 

[Samilktray]

Foxestalk's resident racists are gonna be salty looking at all those foreign names in that list.

[Lionator]

This proves that FFP is ridiculous. When there is clear evidence that an owner can clear debts, why should FFP matter because after all it's to avoid another Portsmouth situation where there was no evidence that money existed.

[davieG]

This proves that FFP is ridiculous. When there is clear evidence that an owner can clear debts, why should FFP matter because after all it's to avoid another Portsmouth situation where there was no evidence that money existed.

I guess because rich owners have been known to either lose their money or piss off leaving the club still owing them millions which wouldn't be a problem if they're not in debt to said owners.

[dmayne7]

So their profit goes up by 35% yet their wealth increases by 650%?! Not quite sure how that works even with their recent purchases...

[johnny the fox]

Didn't see my name there, shoddy journalism.

[Guest MattP]

This proves that FFP is ridiculous. When there is clear evidence that an owner can clear debts, why should FFP matter because after all it's to avoid another Portsmouth situation where there was no evidence that money existed.

 

Hope he does it.

[Basingstoke Fox]

It's like a list of potential targets.

[The Year Of The Fox]

I've worked at John Bloors house in Warwickshire. It's huge. Pretty much everything you can see on the horizon is his land. Nice bloke too.

[ADK]

I do tend to find that sort of wealth a bit obscene.

[absolutelegend]

1. Thailand isn't in Leicestershire.

2. Neither is Rutland.

3. Neither is Warwickshire.

[mikey_b]

Not sure why #2, William Adderley is listed as living in Rutland, he lives in Burton Overy and is possibly one of the most miserable people I've had the misfortune of meeting.

 

Used to be a contractor for LPC (#9) - nice people!

[Guest MattP]

Love how the Indians on the list have remained in Leicester.

 

Probably still got the whole family in a rented flat above Fame Fashions.

[SeCrEt FoX]

Not sure why #2, William Adderley is listed as living in Rutland, he lives in Burton Overy and is possibly one of the most miserable people I've had the misfortune of meeting.

Used to be a contractor for LPC (#9) - nice people!

I used to work for them years ago before they were massive!!! Will was quite miserable but a nice bloke when you get to know him. Bill and Jean were nice (she was bossy as f**k) and they had a younger son which i cant remember his name , might be Adam or something like that and he was a laugh . He had to do the dirty work with us warehouse lads . Nice family, honest!

[Deucalion]

I'm only not on that list because I've moved to Cradley Heath.

 

[Webbo]

Love how the Indians on the list have remained in Leicester.

 

Probably still got the whole family in a rented flat above Fame Fashions.

Funny you should say that, I worked for an Indian property developer who I was told was worth 100s of millions and he lived in a flat above some shops off Melton Road. 

[StanSP]

Not sure why #2, William Adderley is listed as living in Rutland, he lives in Burton Overy and is possibly one of the most miserable people I've had the misfortune of meeting.

 

Used to be a contractor for LPC (#9) - nice people!

 

Being rich doesn't mean you have to be nice.

[Unabomber]

Our owner's so rich he got himself a wicked new surname.

[Zingari]

Foxestalk's resident racists are gonna be salty looking at all those foreign names in that list.

It does rather contradict the continuous assertions by some of the more loopy lefties  that immigrants haven't been given a fair chance though.

[cambridgefox]

So their profit goes up by 35% yet their wealth increases by 650%?! Not quite sure how that works even with their recent purchases...

They said just after that .Coupled with Forbes had new information on his share holdings.So that figure could be right.

[Ric Flair]

Do the Thai's have a gaff in Leics when they come over or do they just doss about at Heathrow Travel Lodge and fook off straight home? Don't blame them, Thailand is my favourite place on earth

[cambridgefox]

Do the Thai's have a gaff in Leics when they come over or do they just doss about at Heathrow Travel Lodge and fook off straight home? Don't blame them, Thailand is my favourite place on earth

Might agree with the Thailand statement myself.Would be well chuffed if I find somewhere better.