JP McManus tops Limerick rich list ahead of tech entrepreneurs the Collison brothers

Nick Rabbitts

Reporter:

Nick Rabbitts

JP McManus, below John and Patrick Collison and Kieran Curran, pictured with Minister Richard Bruton

JP McManus, below John and Patrick Collison and Kieran Curran, pictured with Minister Richard Bruton

LIMERICK businessman JP McManus has regained his status as Limerick’s richest person.

According to the new year ‘Rich List’, published in the Sunday Independent, the horse racing magnate has seen his estimated wealth rise by €140m to €2.1bn.

He is the eighth wealthiest person in Ireland overall, two places above Castletroy brothers John and Patrick Collison, who were top of the Limerick list last year.

The brothers, both alumni of Castletroy College, have seen their fortune fall by €180m year-on-year. But they can still boast wealth of €1.92bn.

John, 27, and Patrick, 29, each own around 12% of their online payments business Stripe, making them the world’s youngest self-made billionaires. The brothers have been making money since their teens – when Patrick won the BT Young Scientist of the Year aged 16 in 2005.

Three years after this, they sold their first company, Auctomatic for $5m in 2008.

The fall in their wealth this year is attributed to the euro being stronger against the dollar by around 10%.

The first Limerick developer to appear in the list is Aidan Brooks, whose fortune grew by €130m to reach €300m last year.

The 47-year-old, who hails from the North Circular Road, has a huge property portfolio in London, including 100 retail outlets in exclusive parts of town like Knightsbridge, Bond Street and the Old Spitalfields Market.

Limerick’s biggest ever lottery winner Dolores McNamara retains her place in the list, with a fortune of €105m.

Ms McNamara, a former cleaning lady from Garryowen, won €115m back in 2005, and has various property interests both here, in Turkey and the United States of America.

Kieran Curran, 39, is at 188th place in the list. His sold a major stake in his DNA sequencing firm Gencell.

With a total of €70m, up €1m year-on-year Hugh O’Donnell, 52, helped Kentz become a global player in the oil services sector. He sits at number 210.

Corbally’s Noel Noonan, 77, is at 223rd place in the list, with a wealth of €66m.

That comes after he and members of his family sold their 88% stake in Noonan sercices, a cleaning and facilities firm for €90m in 2008 to Alchemy.

Other local interest in the list comes in the shape of Pat McDonagh, who is 26th on the overall list, with a fortune of €509m.

Although born in Galway, he has significantly expanded his Limerick empire over the last two years, purchasing the Castletroy Park Hotel, as well as opening a new branch of his Supermacs restaurant on the Ballysimon Road.

Another pairing with strong Limerick links are father-and-son team Michael and Brian Enright, whose wealth totals €313m.

Lying in 52nd place, the pair have various property interests in Limerick.