Rich List 2005
BRITAIN IRELAND SCOTLAND YOUNG PEOPLE WOMEN
Peter Cruddas and family
RESULTS 2005 Ranking Worth Industry
41 £930m Internet finance
Business is booming at CMC, the London-based financial group, and bankers are pressing for a flotation. As founder and owner, Cruddas, 51, will not go down this route until the company is worth £1.5 billion. CMC is a market leader in internet financial spread betting, trading in equities, indices, derivatives, commodities, oil and currencies. In 2004-05 the group made nearly £40m profit and bankers put a £900m valuation on the business. We add £30m for other wealth.
RESULTS 2004 Ranking 133= Worth 2004: £320m
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