York’s wealthiest family jump 100 places in the UK rich list

Who's in the money? Photograph: wallpaperflare.com
17 May 2020 @ 12.09 pm
| Business

The richest family in York got richer in the last year, new figures reveal.

Today (Sunday) saw the publication of the Sunday Times Rich List 2020 – and while many have taken a financial hit because of Covid-19, the Shepherd family have had a very profitable 12 months.

According to the Sunday Times experts, the York family is now worth £369 million.

That’s an increase of £107 million – or 40% – on last year’s figure.

It means they have jumped to 355th on the Rich List, up from 475 in 2019.

The Shepherd family built a very successful construction firm, and launched the groundbreaking Portakabin modular building system in 1961.

The Sunday Times reports:

  • In 2018 profits more than doubled to £38.7m and assets rose by nearly £23m to £212.2m at the £300m business, which paid a £10.7m dividend.

    We add the proceeds from the 2015 sell-off of the family’s original construction arm, dating from 1890, plus other wealth.

Other Yorkshire notables

Donald Shepherd launched Portakabin in 1961. Photograph: Portakabin

Other Yorkshire names on the Rich List include brothers Eddie and Malcolm Healey, who are up to 70th from 93rd with combined wealth of £2 billion.

Malcolm lives at Warter Priory in Pocklington and includes Wren Kitchens and eBuyer among his retail empire. Eddie developed Meadowhall with Paul Sykes.

They gave £1.1 million to the Conservative Party before last December’s General Election.

Paul Sykes himself is up six places to 183= with an unchanged fortune of £770 million. From Barnsley, he lived near Ripon but is now said to spend a lot of his time in Jersey.

Harrogate-based tech millionaire Peter Wilkinson drops one place to 340th in the Rich List, still with £390 million.