Top 10 stories of 2015: 9 See which Yorkshireman lost £167m in the last year

SIR KEN MORRISON’S family wealth has fallen by £167m in the last year, caused by the long decline in the share price of the supermarket which bears his family’s name.

The Sunday Times Rich List has identified Sir Ken as the biggest faller in terms of wealth, although he remains in fifth place in Yorkshire’s rich list with £733m.

The supermarket endured a torrid time throughout 2014 – not helped by Sir Ken’s frank and public criticism of then-chief executive Dalton Philips – and announced a loss of £792m for the financial year.

Morrisons share price reflected those troubles, and was nearly halved from 295p in September 2013 to 150p in October 2014. It has since recovered some of those falls, rising to 208p in early March before slipping back slightly to just under 200p.

The family stake in the company is £283m. Past share sales and other assets add a further £450m to the family’s wealth.

The Sunday Times Rich List, which this weekend ranks the 1,000 richest people in Britain in full,shows that Yorkshire’s top 20 wealthiest are now worth more than £10bn.

It has judged brothers Eddie and Malcolm Healey to still be Yorkshire’s richest and their wealth, which has risen £200m to £1.5bn, puts them in 59th place nationally.

Eddie Healey, who made £420m from the sale of Sheffield’s Meadowhall Centre,  last year sold his Parc Trostre retail park, in south Wales, for £156m. His son, Mark, holds £250m of wind farm assets in Scotland, while Malcolm Healey made his money from building and selling Hygena Kitchens in Britain and then America.

Lord Kirkham’s £1.15bn fortune remains unchanged, as does his second place in Yorkshire. His wealth was built on the success of the DFS furniture stores, which was sold for £400m in 2010, but which had already generated £450m for the family in a previous float and subsequent share sales. He also owns 18.1% of frozen food retailer Iceland.

Yorkshire has its fourth, and newest, billionaire family this year – Robert Miller, the man behind the Duty Free Shoppers (DFS) chain, seen in many airports around the world, and his daughter Princess Marie-Chantal, who sits on the board of the company. Last October, his private equity business, Squadron Capital, was sold and his overall wealth is up £55m this year, which takes him into the billionaire bracket at £1.04bn although he remains just outside the top 100 nationally.

The other names in the list who have seen their wealth increase significantly in the last year are property developer and UKIP backer Paul Sykes, up £40m to £690m, Hull City owner and Labour donor Assem Allam, up £20m to £340m, and the Caddick family who have entered the top 20 by increased their collective wealth by £25m to £200m.

 

Sunday Times Rich List: Yorkshire’s Top 20

1 Eddie and Malcolm Healey: £1,500m (Up £200m)
   
2 Lord Kirkham and family: £1,150m (No change)

3 Robert Miller and Princess Marie-Chantal and family: £1,040m (Up £55m)
   
4 Tony Murray and family: £1,013m (No change)
   
5 Sir Ken Morrison and family: £733m (Down £167m)

6 Paul Sykes: £690m (Up £40m)

7 Terry Bramall and family: £425m (No change)
   
8 Jack Tordoff and family: £368m (Up £15m)
   
9 Peter Wilkinson: £360m (No change)

10 Roderick Evans and family: £350m (No change)   

11 Assem Allam and family: £340m (Up £20m)   

12 Dean and Janet Hoyle: £280m (Down £4m)   

13 Alan Lewis: £270m (No change)

14 David Hood: £266m (Up £1m)

15 John Guthrie and family: £260m (No change)

16 The Shepherd family: £253m (Up £1m)

17 Malcolm Walker (Iceland): £215m (No change)   

18 Tony Bramall and family: £208m (Down £1m)
   
19= Paul and Johnny Caddick and family: £200m (Up £25m)

19= Malcolm Walker and family (Victoria Plumb): £200m (No change)

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