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Several Suffolk business owners and families make Sunday Times Rich List 2016

Newmarket's Kirsten Rausing
Newmarket's Kirsten Rausing

A number of Suffolk business owners and families have made this year’s Sunday Times Rich List 2016.

Kirsten and Jorn Rausing remain top of the East Anglian Rich List with a fortune that remains at £8.7bn, putting them eighth nationally.

The Sunday Times East Anglia Rich List 2015
The Sunday Times East Anglia Rich List 2015

They have horse racing interests – Kirsten owns two Suffolk stud farms, including Lanwades, plus the Staffordstown Stud in Ireland.

But their fortune derives from the Switzerland-based packaging group Tetra Laval, which saw sales rise to £10.4bn in 2014.

Siblings Kirsten, 63, and Jorn, 56, are leading shareholders in the business, formed out of the merger of Alfa Laval and Tetra Pak. Their late father Gad built up Tetra Pak with his brother Hans in Sweden in the 1950s and 1960s.

London-based Jorn invested £26.5m in Ocado, the online retailer, a stake which is now worth £185m.

Major landowner the Earl of Iveagh and the Guinness family remain in third place on the East Anglian Rich List with a fortune put at £854m. The family estate at Elveden Hall, in Suffolk, is home of the biggest lowland farm in the UK. Its 22,500 acres produces mainly potatoes and onions.

The family retains a £200m stake in Diageo, which owns Guinness. It also has £44m of net assets in Elveden Farms and Burhill Estates, while in Canada, its British Pacific Properties owns 2,400 acres.

The owners of the Cheveley Park Stud in Newmarket, David and Patricia Thompson, have seen their fortune rise by £220m, a 45% increase in the past year, to now stand at £710m. Thompson, 80, founded the Hillsdown food group, which he sold in two tranches, netting around £290m.

Cheveley Park is run by his wife Patricia, 76. The couple retain stakes in food and retailing firms worth £210m. Their charity, the Thompson Family Charitable Trust, has assets of £113m and generated £7.9m of investment income for charity, while donating a further £4m last year.

Paul Day and family, who run Newmarket based haulier Turners (Soham) Ltd are at number nine in the East Anglia Rich List with a £255m fortune.

Meanwhile Bill, Tim and Pollyanna Gredley and family, founders of The Unex Group of Companies based in Newmarket are at number 12 in the list.

Other notable people in the list include estate agent Jon Hunt, worth £1.25bn this year, a rise of £64m.

Born in Colchester, Hunt sold his Foxtons estate agency chain for £375m at the height of the property boom.

Proceeds from that and a valuable commercial property portfolio propel him into the upper reaches of the Rich List. He is also branching out into the luxury serviced-office business with Dryland.

He recently won planning permission for a five-storey basement addition to his Kensington Palace Gardens property, in London. It will house his car collection and a tennis court.

Alfie Best is the highest new entry in the region, ranking 16th, with a fortune of £160m. A Romany, born at the side of a road in Leicester, Best has gone on to make his fortune from caravans.

He owns 44 caravans parks and his Essex-based Wyldecrest business has added 14 sites in the past year alone with acquisitions continuing. Not bad for someone who left school at 12 with poor reading and writing skills.

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