The horse racing magnate JP McManus is still Limerick’s No 1 Picture: Sportsfile
BUSINESSMAN and horse racing magnate JP McManus has retained his status as Limerick’s wealthiest person.
According to the New Year ‘Rich List’, published in the Sunday Independent this week, the Adare Manor owner and Limerick GAA sponsor has seen his personal fortune increase by €70m year-on-year to €2.17bn.
He is up one place from the same chart this time last year, being the seventh richest person in this country, and is three positions above Castletroy brothers Patrick and John Collison, who have seen their fortune fall €170m year-on-year.
But the pair, who were educated at Castletroy College, can still boast wealth of €1.75bn, with their break-out business Stripe handling tens of billions of euro in web transactions annually.
John, 28 and Patrick, 29, each own around 12% of this business, making them the world’s youngest self-made billionaires.
The next Limerick businessman to feature on the list, at 35, is developer from North Circular Road, Aidan Brooks, whose estimated fortune is up a massive €160m to €460m this year.
He might have missed out on buying London’s Brixton Market last year – but has added several high-end retail outlets in New York city to his portfolio.
Locally, he has acquired the former Clarion Suites Hotel.
In 65th place on the list is Dr Daniel Tierney and his family, who has made his €260m fortune through manufacturing, marketing and the distribution of animal health products and veterinary medicines.
He started south Dublin firm Bimeda in the mid-1960sa, and has since grown to a global company with operations in seven countries and 800 staff on its books.
Supermac’s supremo Pat McDonagh, who has recently acquired the Castleoaks Hotel in Castleconnell, and is the owner of the Castletroy Park Hotel, plus the eponymous food chain, is in the list at 144th place, with an estimated fortune of €115m – a figure which has risen €5m year-on-year.
Limerick’s biggest ever lottery winner Dolores McNamara retains her place on the list with a fortune of €100m. Ms McNamara, a former cleaning lady from Garryowen, won €115m back in 2005 and has various property interests both here, in Turkey, and the USA.
Her son Gary McNamara has reportedly purchased the recently-closed Killalloe Hotel, which is set to re-open this week as a going concern. It’s understood around 60 jobs have been preserved.
With €70m, and no change in his fortune, Hugh O’Donnell also features in the countdown. He’s the new chairman of Limerick firm Ingenium.