Rich List 2006
BRITAIN IRELAND SCOTLAND YOUNG PEOPLE WOMEN
James Dyson and family
RESULTS 2006 Ranking Worth Industry
48 £1,050m Household appliances
Dyson, 58, can’t win ’em all. Last year he abandoned his loss-making Contrarotator washing machine, but sales of his bagless vacuum cleaner boosted 2004 profits at James Dyson Ltd from £39.6m to £78.9m. Adding Dyson’s £21.8m salary takes the profits to £100m. With the switch to lower production costs in Malaysia and sales booming in America — they quadrupled to £162m in 2004 — we value the business at £1 billion. Dyson owns it all. Past salaries and property assets such as his Gloucestershire mansion should add at least £50m. Dyson’s charitable foundation has given away more than £500,000 in the past year.
RESULTS 2005 Ranking 39 Worth 2005: £1,050m