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THE property billionaire behind the controversial Hulton Park development and his family are the fourth richest people in the North West, it has been revealed.
Bury born John Whittaker and his family are in the top five of The Sunday Times 2018 Rich List with their wealth increasing by £50m on last year making the Whittakers worth £2.25bn.
Bread-makers the Warburton family also feature in the the 20 richest people in the region, being placed 18, with a worth of £545 million, their was no change in their wealth on last year.
Mr Whittaker, 76, owns nearly 27 per cent of property group Intu, which has 20 shopping centres in the UK and Spain — including Manchester’s Trafford Centre, and is worth £2.25bn, up £50m on the last year. He is chairman of the Peel Group which want to develop the park despite opposition from campaigners.
Warburtons company chairman Jonathan Warburton and his cousins, Brett and Ross, assumed control of the business in 1991 following the retirement of their fathers.
The bakery was founded in 1876 by Thomas and Ellen Warburton and has been passed down through five generations of the family.
Number one on this list is The Duke of Westminster and the Grosvenor family, which have seen their fortune rise by £444m to a fortune of £9.964 billion.
Also featured on the North West list is musician Paul McCartney and Nancy Shevell with their wealth worth £820 million.
The combined wealth of the richest 20 in the Northwest stands at £32.175bn this year with a record 11 billionaires among them. Only one of the top 20 has seen their wealth fall in the past year, while between them they are worth £2.724bn more than they were in 2017.
Robert Watts, the Compiler of The Sunday Times Rich List, said: “Our Northwest Rich List is again led by the Duke of Westminster, but wealth creation in the UK is increasingly a story of self-made - rather than inherited - wealth.
“Fred and Peter Done, the Issa Brothers and Henry Moser all started out with little, worked ferociously hard and now sit on ten-figure fortunes. That’s the big difference we’ve seen over the 30 editions of The Sunday Times Rich List - wealth creation is now a story of self-made men and women.
“Technology is also playing a bigger and bigger part in making fortunes. In Mahmud Kamani and Matt Moulding the Northwest has produced two of the country’s most digital savvy retailers. We expect their wealth to climb in the years ahead - although the 27-year-old duke may take some catching.”
Visit thesundaytimes.co.uk/richlist2018.
http://www.theboltonnews.co.uk/news/16219526.RICH_LIST__Revealed_the_millionaires_of_Bolton/?ref=mrb&lp=1
Bury born John Whittaker and his family are in the top five of The Sunday Times 2018 Rich List with their wealth increasing by £50m on last year making the Whittakers worth £2.25bn.
Bread-makers the Warburton family also feature in the the 20 richest people in the region, being placed 18, with a worth of £545 million, their was no change in their wealth on last year.
Mr Whittaker, 76, owns nearly 27 per cent of property group Intu, which has 20 shopping centres in the UK and Spain — including Manchester’s Trafford Centre, and is worth £2.25bn, up £50m on the last year. He is chairman of the Peel Group which want to develop the park despite opposition from campaigners.
Warburtons company chairman Jonathan Warburton and his cousins, Brett and Ross, assumed control of the business in 1991 following the retirement of their fathers.
The bakery was founded in 1876 by Thomas and Ellen Warburton and has been passed down through five generations of the family.
Number one on this list is The Duke of Westminster and the Grosvenor family, which have seen their fortune rise by £444m to a fortune of £9.964 billion.
Also featured on the North West list is musician Paul McCartney and Nancy Shevell with their wealth worth £820 million.
The combined wealth of the richest 20 in the Northwest stands at £32.175bn this year with a record 11 billionaires among them. Only one of the top 20 has seen their wealth fall in the past year, while between them they are worth £2.724bn more than they were in 2017.
Robert Watts, the Compiler of The Sunday Times Rich List, said: “Our Northwest Rich List is again led by the Duke of Westminster, but wealth creation in the UK is increasingly a story of self-made - rather than inherited - wealth.
“Fred and Peter Done, the Issa Brothers and Henry Moser all started out with little, worked ferociously hard and now sit on ten-figure fortunes. That’s the big difference we’ve seen over the 30 editions of The Sunday Times Rich List - wealth creation is now a story of self-made men and women.
“Technology is also playing a bigger and bigger part in making fortunes. In Mahmud Kamani and Matt Moulding the Northwest has produced two of the country’s most digital savvy retailers. We expect their wealth to climb in the years ahead - although the 27-year-old duke may take some catching.”
Visit thesundaytimes.co.uk/richlist2018.
http://www.theboltonnews.co.uk/news/16219526.RICH_LIST__Revealed_the_millionaires_of_Bolton/?ref=mrb&lp=1
