Rich List 2006
BRITAIN IRELAND SCOTLAND YOUNG PEOPLE WOMEN
Sir David and Sir Frederick Barclay
RESULTS 2006 Ranking Worth Industry
24 £1,800m Media, retailing and property
The sale of The Scotsman last December raised £160m for the Channel Islands-based Barclay twins, 71. Earlier last year, they sold the 120 Littlewoods high-street stores to Primark for £409m while keeping hold of the company’s home shopping catalogue business. Their far-reaching empire, which has its roots in the London property market of the 1960s, embraces media, property, hotels and retailing. The Telegraph Group, which they bought in 2004 for £665m, made a profit of £31.5m on sales of £313m in 2004. March UK, which runs the home shopping business, made a £21m profit and showed £503m net assets in 2004-05. While the Barclays were valued at £1.2 billion by bankers undertaking a financial analysis of bidders for the Telegraph, the healthy profits allow us to add £600m this year.
RESULTS 2005 Ranking 33= Worth 2005: £1,200m