Limerick mega millionaires are worth over €900m

Anne Sheridan

Reporter:

Anne Sheridan

SOME have moved up the list, while other Limerick people have seen their finances dip in the Sunday Times Rich List.

SOME have moved up the list, while other Limerick people have seen their finances dip in the Sunday Times Rich List.

The latest annual compendium of who’s rich and who’s not (as quite as rich as they once were), sees Limerickman JP McManus again being listed as the richest person in the county.

Even though he has an estimated fortune of €577m, his place on the list has fallen from 12th in Ireland last year, to 14th this year. Three years ago his wealth was valued at €710m.

The 61-year-old has accumulated his fortune through stakes in Barchester Healthcare, the Sandy Lane hotel in Barbados, amongst other business interests with fellow multi-millionaires Dermot Desmond, John Magnier and Aidan Brooks. His property with Brooks and Magnier alone is believed to be worth in the region of £1billion.

While the racing magnate has been known to win big, he’s also willing to share his winnings.

Through his charitable organisation, the JP McManus Charitable Foundation, and high profile golf pro-am tournaments in Adare every five years, he has raised over €130m for deserving charities across the Mid-West and the country.

Rising up the list is Euromillions lottery winner Dolores McNamara, 52, whose wealth is estimated at €113m. Her place on the list has climbed two places up to 78th in the country.

The Blackpool-born mother of six won €115m in the 2005 Euromillions lottery from a €2 quick-pick ticket.

The interest she has accumulated on the Euromillions win in 2005 has been in the region of €12m.

In a sign of the times, the only Limerick-born developer on the list is Aidan Brooks, who has moved his business interests to London.

The 42 year-old, who was previously based at Henry Street in the city and bought the Bishop’s house on the North Circular Road for €27m, is listed at 120th on the list, with a fortune of €82m.

The low profile property magnate owns sought after property in London’s Bond Street, New York’s Madison Avenue, as well as in Paris and Los Angeles.

Denis Brosnan, 67, the Limerick based former Kerry Group boss, is said to have amassed €63m, through Barchester Healthcare and other assets. He’s placed at 158 on the list.

Construction titan Pat Mulcair, 79, who owns 92% of Roadbridge, is worth €57m, and is placed at 181 on the list. However, the guide notes that the value of the company has been hit by the reduction in state construction projects.

Corbally native Noel Noonan, 71, founded Dublin based Noonan Services, and has amassed some €66m, placing him at number 148.

Patrick and John Collison, the Limerick brothers now working in California, have made Ireland’s young rich list with a combined wealth of €8m. They are again placed ninth in that list.

The dotcom millionaires shot to prominence in 2008 when they sold their software company Auctomatic to a Canadian firm for a reported $5 million. Educated at Massachusetts Institute of Technology (MIT) and Harvard University in the US, they have relocated to California to fund their latest venture.

Overall, the richest person in the country remains Hilary Weston, husband Galen and her family, who have earned a staggering fortune of €7,108m. Also ahead of Mr McManus in the rich list are his friends and business partners Dermot Desmond, who puts the Limerickman’s wealth in the shade, with a fortune of €1,673m, and John Magnier, who has €611m. Denis O’Brien, the biggest shareholder of Independent News & Media, is the second richest person in the country with an estimated wealth of €2,613m