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How the young have swelled the rich list
Posted on Wednesday, April 21 @ 08:15:34 CEST by Macphisto
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(belfasttelegraph.co.uk) -- YOUNG, talented, self-made millionaires feature prominently on the Republic's swelling rich list.
One man under 30 who started from scratch to make it into the Republic's 'Young Rich' and the Top 200 Richest is movie actor Colin Farrell (28), whose wealth is now estimated at £20m. He earned almost £7m last year for film appearances.
The rising wealth of Ireland's rich has meant a person must have at least £22m to make it into the Top 200.
Footballers Damien Duff (25) and Robbie Keane (23), worth f£6m each, join Farrell on Ireland's 'Young Rich' list but are not wealthy enough to make it onto the main list, unlike Roy Keane (32) whose fortune grew £6m in the past year to £24m, according to the list compilers The Sunday Times.
Others on the young rich list include the four remaining members of Westlife, with a combined worth of £15m. Bryan and Kerry McFadden have £6m between them. Meanwhile, Ronan Keating ranks higher on the list with £8m.
Top of the Young Rich list are members of wealthy business families. Paul and Sean McMahon, aged 29 and 24, are number one, with a joint worth of £98m. With their older siblings Sharon and Brian, these four grandchildren of retailer Ben Dunne are worth £190m.
U2's Bono has made it on to two separate lists this week. U2 are number seven on the Irish Top 200 rich list, with a combined worth of £405m. Bono is also included in the Time magazine list of the global Top 20 'Heroes and Titans'.
Among the Irish women on the rich list are singer and composer Enya, now worth around £86m. Her latest credits include the Lord of the Rings soundtrack.
Anne Heraty (42), the only female chief executive of an Irish-quoted company, is on the list with husband Paul Carroll, with £17m.
Riverdance impresarios Moya Doherty and husband John McColgan continue to climb the list with a big increase in their wealth in the past year to £67m.
At the top of Ireland's rich list yet again is US tax exile John Dorrance, inheritor of the Campbell Soup empire. Worth £1,322m, he lives modestly in Dublin with his Finnish wife.
Businessman Sir Tony O'Reilly and wife Lady Chryss are second with an estimated £1,225m. His interests include stakes in Independent News and Media, Acron International, Waterford Wedgwood and Fitzwilton.
Financier Dermot Desmond, based in Gibraltar, is third at £805m. Newest member of the Irish billionaire club is Sean Quinn and his family, whose extensive interests include cement, insurance, hotels, pubs and glassmaking. He and his family saw a huge increase in their net worth in the past year to put their value at £744m.
Other members of the top 10 are airline magnate Tony Ryan and family (£660m); bloodstock breeder John Magnier (£484m); foreign exchange speculator and racehorse owner JP McManus (£360m); dance impresario Michael Flatley (£345m), and industrialist Martin Naughton (£300m).
The collective wealth of the Top 200 on the rich list increased by £3.2bn to £20bn, a 20% increase on last year, which seems to prove the adage that the rich get richer.
The world's richest is Robson Walton and his family, whose Walmart empire has given them a worth of some 80bn.
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