Surrey's Richest 50 2010 - 50 to 41

It may have been a tough year for the economy, but that doesn't seem to have had much of an effect on Surrey's millionaires

Originally published in Surrey Life magazine June 2010

It may have been a tough year for the economy, but that doesn’t seem to have had much of an effect on Surrey’s millionaires – in fact, many of them have even increased their fortunes. Here, we bring you our annual guide to the wealthiest people in the county, compiled by Philip Beresford, the writer of the Sunday Times Rich List

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50

Michael Tuke, 62, and family Health care�39m (NEW)

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Mike Tuke was a research assistant at Imperial College, London, when he helped set up Finsbury Orthopaedics in 1978. The Leatherhead-based company specialises in artificial joint replacements. Tuke was the majority shareholder in the business, which was sold in 2009 for an estimated �60m. After-tax he should be worth �39m.

47=

Pete Townshend, 65 Music�40m (no change)

In 2009, Peter Townshend was back on the road again with The Who. He also announced that he was writing a major new project, Floss, in the manner of Tommy and Quadrophenia, which could form the basis of a new Who album and a theatrical show. Meanwhile, his two companies, Eel Pie Recording Productions and Eel Pie Publishing, had around �4.7m of net assets in 2008-09. With housing assets as well, we value Richmond-based Townshend at �40m.

47=

Chris Ingram, 66, and family Media�40m (no change)

A WOKING boy through and through, Chris Ingram left school at 16 to become a messenger in an advertising agency. Within ten years, he was a director of a London agency, and in 1976 started his own operation, Chris Ingram Associates. A media buying agency, it was later re-named Tempus Group, and in 2001 was taken over by Sir Martin Sorrell’s WPP, netting Ingram nearly �63m. In 2003, he launched the Ingram Partnership with an initial investment reckoned to be �10m, but it closed in 2007. Ingram also has a �245,000 stake in Vitesse Media, a quoted online media group. Well-known locally, he maintains strong links with Woking Football Club, and his extensive art collection is currently on loan to the town’s art gallery The Lightbox. His family charity, The Ingram Trust, also supports several charities in Surrey as well as others further afield. Altogether, Ingram should easily be worth �40m after-tax.

47=

Kenneth Green, 64, and family Perfume and cosmetics�40m (last year �32m)

Having spent his entire career in the perfumery and cosmetics industry, Kenneth Green founded his own fragrance and distribution company in 1990, to help prestige companies deliver global products to local markets. Since then, Kenneth Green Associates has become one of the largest specialist distribution companies in the world. In 2008, the Weybridge-based operation made �3.6m profit on �48.8m sales and showed net assets of �16.4m. It is owned by Green and his family. We value the business at around �32m. The Green family also owns the separate Classic Beaute operation, worth around �6m on the back of a �982,000 profit on �6.6m sales in 2008. Past dividends and salaries should take the Green family to �40m.

44=

Alan Spence, 62 Leisure�45m (no change)

Alan Spence started out selling candyfloss at Chessington Zoo, later going on to work as a shipping agent in the City. At the age of 19, he started his own company, Britannic Shipping Services, before moving into the travel industry with Britannic Travel, which he sold in 2003 for �45m. Spence stayed in charge of the New Malden-based operation until 2008. He has now returned to his roots, running Regal Freight Solutions in Surbiton. He will easily be worth �45m after-tax. 

44=

Sir Michael Caine, 77 Films�45m (no change)

Oscar-winning actor Sir Michael Caine remains loyal to his hometown of Leatherhead, still supporting the town’s local drama festival every year and recently becoming a patron of the local theatre. born in South London, Caine was an evacuee during the war. After national service in Korea, he went on to work in the theatre and on television before landing a starring role in Zulu in 1963. But it was as Alfie, and later as Harry Palmer in the spy films, that he made his name. Caine emigrated to America in the 1970s, but he hankered for Britain and returned in the early 1980s, and is now happily settled in Leatherhead. Still starring in films today, in his latest movie, Harry Brown, he plays a pensioner who takes revenge for his friend’s death. He also has extensive business interests and earns �5m annually according to a survey of celebrity high earners in OK! Magazine. His past property deals and the like should take Caine to �45m.

44=

Dr Ceri James, 65Computers�45m (no change)

Computer consultant Ceri James co-founded the Admiral software firm above a Camberley coffee shop in 1979. The company grew rapidly after its 1987 flotation, and in 2000 was taken over in a �1.15 billion deal. In 2001, James’ stake in the business was worth �93m. We assume he sold some shares, and with previous sales, he would be worth �45m today. A keen rugby fan, he was a director of the London Welsh rugby club until 2004.

43

Jim Zockoll, 80Business services�47m (last year �45m)

Jim Zockoll, from Pittsburgh, began his career as a Pan Am pilot. However, while in London in 1963, he undercut a British company bidding to clear a blocked drain at his hotel, after flying in a machine from the USA, and Dyno-Rod was born. In 2004, the sale of the Surbiton-based company netted him �49m. He still has businesses that are run under The Zockoll Group, and in all should easily be worth �47m.

42

Albert Perry, 86, and familyProperty�48m (NEW)

Albert Perry started out as a 16-year old office boy for a firm of builders. Within 11 years, he was a director and went on to build a property empire, becoming chairman of the quoted company PSIT. Following a �247m takeover in 1997, Perry and his family collected �40m in cash. We add �20m for their Epsom-based farming, property and stud company, Cromwell Holdings. Other assets take them to �48m after-tax and re-investment of sale proceeds.

40=

Sir Cliff Richard, 69 Music�50m (last year �40m)

In 2008, Sir Cliff Richard celebrated 50 years in showbusiness with a flurry of activity, which included the release of his autobiography, a UK arena tour and a 50th anniversary hits album. This was followed by an equally active 2009, in which he undertook a major tour with the Shadows. Still with a base in Virginia Water, Richard also has a home in Barbados and spends time in Portugal, too, where he set up a commercial vineyard producing Vina Nova wine. His company, Balladeer, has paid out some �12m in salaries between 1999 and 2005, virtually all going to Richard. Yet, as he has never written his own songs, Richard has missed out on this lucrative income stream. But the royalty stream from his 250m record sales over the course of his career should easily give him wealth of around �50m.

Photo: Andy Newbold / www.andynewboldphotography.com

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