Limerick brothers feature in Irish Rich List

David Hurley

Reporter:

David Hurley

LIMERICK brothers Patrick and John Collison have been named on the Sunday Times Rich List for the first time, having built up an estimated combined wealth of around €8m.

LIMERICK brothers Patrick and John Collison have been named on the Sunday Times Rich List for the first time, having built up an estimated combined wealth of around €8m.

Although the brothers, who are aged 22 and 20 respectively, haven’t made it to the Rich List proper they are ranked ninth in the list of Ireland’s Young Rich.

The pair, who both attended Castletroy College, made €3.2m in 2008 when they sold their software company, Auctmatic, to Canadian firm, Live Current Media.

Last year, Patrick - a former Young Scientist of the Year - and his brother John also co-founded online payments company Stripe, which is set to become a major competitor of Paypal in the coming years.

Meanwhile, according to the latest Sunday Times survey, JP McManus remains the richest person in Limerick. He has an estimated wealth of €547m and is ranked the 12th richest person in Ireland.

The next richest person living locally is Euromillions winner Dolores McNamara.It may be almost six years since she won the incredible €115m jackpot but including interest payments on her winnings totalling more than €13 million her personal fortune now stands at €105 million, suggesting she has spent relatively little of her vast windfall.

Others to feature in the Rich List include property developer Aidan Brooks (who has seen his wealth rise from €71m to €75m) and former Kerry Group chairman Denis Brosnan.

Mr Brosnan, who chaired the Mid West Jobs Task Force and the Limerick Local Government Committee, has an estimated personal wealth of €59m.

Patrick Mulcair, who owns a majority share in Roadbridge Holdings is worth €56m and has also been included in the list of the 250 richest people in Ireland.