DCSIMG

Edward Haughey is the area's richest man

By James Rogers

LORD Ballyedmond Edward Haughey is Ireland's ninth richest man with an estimated fortune of p568 million, according to the Sunday Times' Rich List 2010.

The Kilcurry-born former Colaiste Ris student has leapfrogged Martin Naughton to become this area's richest man.

Naughton, a former student in the De La Salle and the brains behind Glen Dimplex, was rated Ireland's 13th richest man in the Sunday Independent Rich Last last month, with an estimated p700 million fortune.

That put him three places clear of pharmaceutical giant Eddie Haughey, who is in charge of the Norbrook veterinary healthcare firm.However, according to the highly-respected Sunday Times list, 66-year-old Haughey is worth roughly p48 million more than what the Sunday Independent estimated with his Newry-based business having such a successful 2009 that his personal wealth rose by 60 million.

Lord Ballyedmond's fortune also makes him the 132nd richest person in the UK, putting him ahead of the likes of Sir Paul McCartney, Quay's in Newry owner Gerard O'Hare and even the Queen.

The Tory peer was confirmed as Northern Ireland's richest man and the third most successful person in the UK with an interest in pharmaceuticals.

No rich list can seem to put a firm figure on exactly how much Martin Naughton is worth though. Recently Forbes estimated his wealth at p1.09bn before the Sunday Independent scaled that down to p700 million for their rich list.

The Sunday Times has scaled Naughton back again with the 70-year-old rated as Ireland's 21st richest man with a personal fortune of p348 million.

That means he has slipped from being the area's richest man to its third richest after beef baron Larry Goodman (rated Ireland's 23rd richest by the Sunday Independent) came in in 20th place with an estimated personal wealth of p365 million.

Larry's son Laurence Peter Goodman, 28, has also been building up a small personal fortune by building the family's property portfolio with developments in Co Louth via 26 companies. These assets are worth more than 20 million.

Meanwhile, software developer George Moore, 58, who runs and owns much of the software firm Targusinfo, is rated Ireland's joint 54th richest person with a p150 million fortune.

George hit the big time when his software marketing firm NDS was sold for p80 million in 1990. He promptly bought Belleek Pottery with some of the proceeds before setting up another IT company called Targus. In 2005, TA Associates put p49 million into the company, valuing it at over p200 million.

Apart from a large stock portfolio, George has also invested in Donegal Parian china while his Ravensdale Investments owns properties in Central Europe.

Fyffes owner Neil McCann, now 86, came in at 135th on the list with an estimated p64 million fortune. Now retired his sons, Carl, 56, and David, 51, chair the company.

Meanwhile, former Louth star John Doyle and his brother Colm have been listed 17th in the rich list for people over 30. The duo, who work at their father Sean's Oxigen Environmental company, are worth p3 million.

 
 
 

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