Date Published 14 May 2018
The publication of the 2018 Sunday Times Rich List offers an insight into the roller coaster fortunes of the UK`s wealthiest property developers
As a taster, the paper has revealed the ten richest house builders in this year`s rundown, with John Bloor of Bloor Homes (and Triumph) topping the table after another mega successful year that saw his eponymous firm churn out another 3,000 homes at an average selling price of £300k.
The former plasterer is apparently now worth £1.858bn, nearly double that of second placed Steve Morgan, the Redrow chairman (who gave over £200m to his foundation last year in what`s thought to be the biggest single charity donation ever made in the UK).
Retirement housing specialists Clinton, Spencer and John McCarthy make up the top three, and all but one on the list posted significant gains during the 12 month period.
1: John Bloor, Bloor Homes, Triumph motorcycles, £1.858bn ▲ £404m (on 2017)
2: Steve Morgan, Redrow, £942m ▲ £111m
3: Clinton, Spencer and John McCarthy, Churchill Retirement Living, McCarthy & Stone, £635m ▲ £30m
4: David Wilson and family, Davidsons Developments, £603m ▲ £63m
5: Michael Shanly, Shanly Group, £512m ▲ £47m
6: Charles Gallagher and family, Abbey, Matthew Homes, £472m ▲ £60m
7: Tony Pidgley, Berkeley Group, £310m ▲ £25m
8: Stephen Conway and family, Galliard Homes, £300m ▲ £30m
9: James Wates and family, Wates Group, £265m ▲ £30m
10: Paul and Johnny Caddick and family, Caddick Group, £250m; no change.