Nine Manx residents will appear on the Sunday Times Rich List this weekend.
They are:
Mark Scheinberg, £3.556bn, down £142m
John Whittaker and family, £2.25bn, up £50m
Alki David and the Leventis family, £2.2bn, up £300m
Trevor Hemmingsm, £1bn, up £150m
Jim Mellon, £1bn, up £80m
Dan Craddock, £500m, No change
Mark Shuttleworth, £500m, up £340m
Steven Lamprell, £319m, down £16m
John Morphet, £160m. up £10m
The 160-page special edition of The Sunday Times Magazine reveals the wealth of the 1,000 richest people in Britain and is celebrating its 30th anniversary issue.
The PokerStars entrepreneur is worth £3.556bn - down £142m from last year.
Scheinberg leads a list of the island’s nine richest individuals and families, who have a combined wealth of £11.485bn - the group’s wealth growing £772m from last year.
Scheinberg co-founded PokerStars with his father and built it into the world’s biggest online poker company, before cashing out in 2014. More recently, Scheinberg, 44, has moved into property, buying a 50% stake in a Madrid hotel and residential scheme for about £200m.
Fellow Isle of Man residents named in this year’s Sunday Times Rich List include the property tycoon John Whittaker and ’the master investor’ Jim Mellon. Dan Craddock, the 39-year-old Manx-based internet and finance entrepreneur, also keeps his place on the list after his debut entry last year.
Robert Watts, the compiler of The Sunday Times Rich List, said: ’Not many islands boast five billionaires, but the Isle of Man has certainly developed a magnetic pull to the world’s super rich.
’The entrepreneurs on this list illustrate the many different ways to make a fortune in 2018. Mark Scheinberg, Alki David and Mark Shuttleworth are all making money from cutting edge technology. Meanwhile, John Whittaker and John Morphet have continued to grow fortunes from more conventional means.
’Trevor Hemmings shows that age is no barrier to entrepreneurial energy. We upgrade the property and pub tycoon to billionaire status - just a month before his 83rd birthday.’
Second on the Isle of Man Rich List are John Whittaker and family, who control The Peel Group, a large conglomerate which has been behind some of the North Westof England’s most impressive infrastructure projects, including the £400m Liverpool2 container terminal and Manchester’s MediaCityUK and Trafford Centre, where their operation has its headquarters.
Whittaker was at the centre of one of the biggest mooted property deals of the past year: Hammerson’s £3.4bn now abandoned acquisition of rival property group Intu, which has 20 shopping centres (including the Trafford Centre) in the UK and Spain. The Bury-born entrepreneur owns nearly 27% of Intu, a stake valued at £913m by the failed takeover.
Alki David and the Leventis family are third on the list and see the second largest increase in wealth with £300m. David is the entrepreneur behind SwissX, a legal cannabis oil used by a range of celebrities. In 2000, the Leventis family merged its worldwide bottling business with Coca-Cola to create the London-listed Coca-Cola HBC, valued at £8.2bn, with the Leventis family holding a £1.91bn stake, up £250m in a year.
David has a strong interest in the entertainment world, investing in 3D hologram technology to create virtual reality shows featuring past and present stars. He has invested more than $12m buying up the rights to more than 25 celebrities who could be animated in this way.
Across the whole Isle of Man Rich List, Mark Shuttleworth sees the biggest increase in his wealth with £340m, taking him from 8th to 6th= in 2018. His wealth is soaring due to the success of his business Canonical, which uses the Ubuntu open source software it developed to allow televisions, cars and other devices to connect to the web. Netflix, Tesla and Deutsche Telekom are among 800 clients of the London-based operation, whose sales are thought to have soared by 61% to more than £68m in 2016. Shuttleworth, who has dual South African and British nationality, spent £13m in 2002 to become the second tourist in space.
The 2018 Sunday Times Rich List is published on Sunday, May 13.
The 160-page special edition of The Sunday Times Magazine is the biggest issue of the Rich List published since it first appeared in 1989. It charts the wealth of the 1,000 richest people in the UK. The list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies. It excludes bank accounts, to which the paper has no access. The redesigned magazine includes several interviews and features, focused on some of the leading players and personalities among the richest 1,000, as well as a full ranking by order of wealth. The Young Rich List details the 50 individuals with the biggest fortunes aged 30 or under.