BUSINESS

The Irish Sunday Times Rich List

TAGs: Dermot Desmond, gambling stock, Irish Sunday Times Rich List, JP McManus, Lee Davy, Limerick, Newmarket, Sandy Lane Hotel

The Irish Sunday Times Rich list sees five of the 250 richest men and women in Ireland coming from gambling stock in one form or another.

The Irish Sunday Times Rich ListHow did the gambling fraternity fair in the Irish Rich list?

Let’s find out shall we?

The highest ranked person who is involved in the gambling industry is the Irish businessman and race horse owner JP McManus.

The 63-year-old, hit the charts at No.12, with an estimated fortune of £550m. A good portion of that money was earned through his studs in Limerick and Newmarket, but he also has significant investments with John Magnier and Dermot Desmond, including 33% of the Sandy Lane Hotel in Barbados, where he also has a holiday home.

He has also made a mint as a foreign exchange trader from his base in Geneva.

Next we have the co-founders of Ireland’s most controversial bookmaker, Paddy Power.

David Power is ranked 39th with a £212m fortune, after The Times valued his 7.9% stake in the Irish funsters at £191m. Power stepped down as Director of the company just last year.

His former partner in crime, John Corcoran, weighed in with an appearance at No. 90, with an estimated fortune of £100m, £73m of which is staked in the Paddy Power business he set up with Power and Stewart Kenny.

During our review of the British Rich List there were two lottery winners, and we have a third hailing from Ireland.

Dolores McNamara has the honor of appearing in both lists after being born in Blackpool, and raised in Limerick. The 54-year-old, mother of six, won £79m in a 2005 Euro Millions draw, and she charts at 94 with an estimated fortune of £99m.

Last, but certainly not least, we have the former World Series of Poker (WSOP) Main Event champion Noel Furlong.

Furlong won a million dollars when he captured the most prestigious title in poker back in 1999 after overcoming a final table that included Alan Goehring, Padraig Parkinson, Erik Seidel and Huck Seed.

So that’s his fame out of the way, what about this fortune?

The 76-year-old, hits the charts with a 127th placing, and £70m fortune, courtesy of his £53m Dublin-based floor manufacturing firm Furling Investments.

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