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Darragh in 2008 rich list

UPDATE 12.15PM: THE credit crunch is beginning to bite – but not for two of the city's wealthiest businessmen who have been named in The Sunday Times rich list.

UPDATE 12.15PM: THE credit crunch is beginning to bite – but not for two of the city's wealthiest businessmen who have been named in The Sunday Times rich list.Colin Hill, the chief of Peterborough United Holdings Limited – the company which owns Posh's London Road stadium – is ranked joint 397th on the annual list, with a fortune of 200 million.

It puts Mr Hill (53), who has accumulated his wealth from car repossessions, financing and leasing, aircraft salvage, property and timeshare, and who also owns a 15 million mansion in Suffolk, is on a par with artist Damien Hirst, Police frontman Sting and Scottish Premier League club Hearts owner Vladimir Romanov.

Meanwhile, Posh owner Darragh MacAnthony's wealth dropped by 82 million in the last 12 months.

According to The Sunday Times, Mr MacAnthony's fortune fell to 68 million, compared to 150 million this time last year.

It means the 32-year-old Dubliner has slipped to joint 147th place on a list of Ireland's wealthiest people, but he is still ahead of singer-songwriter Van Morrison, former Formula One team owner Eddie Jordan and musician Katie Melua.

Mr MacAnthony formally acquired Posh in a 1 deal with Barry Fry in August 2007, assuming about 1.7 million in outstanding debts, loans and overdrafts.

Although Posh have gained automatic promotion to League One this season, the vast majority of Mr MacAnthony's wealth stems from his ownership of MRI Overseas Property, which helps people buy and sell property abroad in 18 different countries.

Elsewhere in The Sunday Times rich list, Freddie Johnston (72), who has shares in 318 Johnston Press newspapers, including The Evening Telegraph, was named as the UK's joint 701st wealthiest person, with a fortune of 115 million.

However, Mr Johnston has dropped 416 places compared to last year's list, when his annual earnings stood at 256 million.

Top of this year's rich list was steel magnate Lakshmi Mittal, with a fortune of 27.7 billion.

Peterborough's football entrepreneurs have some way to go before they can match Chelsea owner Roman Abramovich's colossal 11.7 billion fortune earned through oil.

Peterborough has previously been represented in the rich list in 1997 when city businessman and Pizza Express founder Peter Boizot was ranked in 461st place.

POSH owner Darragh Macanthony features for the second year running in the Sunday Times Rich list published yesterday.

Also in the list for the first time is Colin Hill, the man behind Peterborough United Holdings Ltd, which owns the London Road ground.

Full story - including the value of their fortunes - in Monday's Evening Telegraph

 

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