A string of reputed names from the restaurant sector have retained their places on this year’s Sunday Times Rich List – but they don’t include Jamie Oliver.
The TV chef failed to make the cut for the first time in nine years, with the newspaper noting that his absence comes “after a year of closing restaurants and laying off staff”. Earlier this year he was forced to shut a number of Jamie’s Italian sites amidst reports the business had racked up debts of £70m.
When he appeared on the Rich List year last year, Mr Oliver’s wealth was estimated at £150m. This year the cut-off point to make it onto the list was £110m.
However, the restaurant sector was still well-represented on the annual rundown of the 1,000 wealthiest people in the UK.
Top of the pile was Ranjit and Baljinder Boparan, whose £746m fortune earned them 183rd place on the list. Although much of their wealth is generated from frozen food and food processing, Boparan Holdings owns Harry Ramsden’s, Cinnamon Collection and Giraffe Restaurants.
Richard Caring is the next highest ranked restaurateur on the list. The man behind London haunts such as the Ivy, Le Caprice and Sexy Fish has amassed a fortune of £650m, putting him in 207th place.
At number 380, with a fortune of £330m, are Adam, Samuel and Jonathan Kaye, architects of Britain’s casual dining boom over the past decade and currently best known for their association with Tasty Plc.
Their Rich List profile reads: “Tasty, which runs the Wildwood pizza chain and Dim T dim sum outlets, has seen a share price drop of more than 80% in the past year. The Kayes’ 40% holding is worth £3m. Adam, 49, and his brother, Sam, 46, founded the Ask brand, while his cousin Jonathan, 39, ran Prezzo, which was sold in 2015, serving up a £173m windfall for the family. We see £58.6m assets in property companies and the Everyman cinemas, of which the Kayes own 15%, also help to offset Tasty’s troubles.”
Eight places below them, with a fortune of £320m, is Marlon Abela. His portfolio includes three restaurants in the part of London known for hedge-funders and property tycoons, including two Michelin starred The Greenhouse. He owes his wealth to his late father, who ran airline caterer the Abela Group, part of which was sold in 2001 for £360m.
Concluding the troop of restaurant names on the list is Robert Earl (£302m), who built the Planet Hollywood restaurant chain, in 408th place, and Julian Metcalfe (£164m), founder of sushi chain and co-founder of Pret A Manger, who ranks 718th.
According to the Sunday Times Rich List, the 1,000 richest individuals and families have a combined wealth of £724 billion – a 10% rise on last year’s figure of £658 billion. The billionaire count has risen to 145, which is 11 more than last year.