The Insider Rich List for the Midlands ranks 100 entrepreneurs from the Midlands based on their net worth. There are many familiar names and companies on the 2022 Rich List - like Lord Bamford and family, Sir Tony Gallagher and others - with the 2023 listing to be released in the coming weeks.
From Bet365 founder Denise Coates and her family to Walsall-born Frasers Group founder Mike Ashley - the Insider Media rich list not only ranks the wealthiest people, but also shows whether they have gained or lost some of their fortune. Similar to the Sunday Times Rich List this too is published annually. It will reveal who has been the top gainer or loser in the Midlands for the year 2022-23.
How Insider Media came up with the list
Insider Media said: “Our Rich List sets out to document the fortunes of the Midlands’ 100 wealthiest individuals and families. Private company stakes were valued on multiple of pre-tax profits of between eight and 12 times - or a occasionally with an equivalent quoted company or failing that by the prevailing prices in the sector.
“Where it was appropriate, companies and therefore family stakes are valued on the net assets of the business. All stakes in quoted companies were valued by taking the share price in the Financial Times in September 2022. We usually exclude salaries from our calculations, but do include dividends - which are often reinvested to buy assets.”
You can find the full list of 100 wealthiest people in the Midlands in 2022 via the Insider Media website. Here are the top 14 business leaders from the Midlands on the list:
5. John Bloor
2022: £2.079bn, 2021: £1.775bn - Bloor’s Triumph motorcycle brand is on full throttle. He sold 74,438 bikes in 2020-21 – 40 per cent more than in the previous year. The former plasterer bought the super brand and its old factory in 1983 for just £150,000. His two other businesses – housebuilder Bloor Homes and plant-hire venture Pickerings – have also been on good form. (Photo by CHARLY TRIBALLEAU/AFP via Getty Images) | AFP via Getty Images
6. Will Adderley and family
2022: £1.435bn, 2021: £1.95bn - Adderley is deputy chair of Dunelm. Father Bill started the soft furnishings giant as a market stall, selling curtain and slippers rejected by M&S. The family still owns 42.6%, which has struggled due to concerns about consumer spending and is now worth £681.6m, down £497.4m over 12 months. Adderley’s investment company WA shows £498.9m net assets, down £24.6m in a year. (Photo - Google Maps) | Google Maps
7. Tony Langley and family
2022: £1.350bn, 2021: £776m - Langley’s global conglomerate spans power generation, printing presses and industrial sites, employing 5,400 people across five continents. It ias based in Retford. (Photo - Langley Holdings plc) | Langley Holdings plc
8. Sir Tony Gallagher
2022: £1.25bn, 2021: £1.1bn - He sold his land business Gallagher Estates for £525m in 2017, retaining his commercial, retail and development operations. (Photo - Google Maps) | Google Maps