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Hauling all the way to the bank

18th April 1996, Page 8
18th April 1996
Page 8
Page 8, 18th April 1996 — Hauling all the way to the bank
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Keywords : Haulage

by Karen Miles • Who says hauliers can't make money? The Sunday Times annual list of Britain's richest people puts 13 lorry fuelled fortunes into the top 500.

The road transport industry's most valuable pair—said to be worth £145m between them and joint 113th richest in Britain—are Peter and Michael Kane, who set up parcels company Business Post. The company's flotation in 1993 helped put their fortune slightly ahead of pop star Elton John and only slightly behind Amstrad and Tottenham Hotspur boss Alan Sugar.

Brothers Ronnie and Derrick Frost, who have run Hays with its distribution services business, rank second in haulage wealth with a joint holding of £110m. Their 145th Sunday Times ranking comes in with singer Mick Jagger.

Michael Jacobson and his family are estimated to be worth £78m; three million pounds more than deputy prime minister Michael Hese'tine. They made their fortune by founding parcels company ICS and selling it to its management.

Christian Salvesen founder Alastair Salve sen and his family C ome 204th, with their £75m fortune accrued from their Edinburgh-based distribution company.

At 212th, with £70m, is Steve Gibson who owns Teeside haulier Bulk Haul and doubles up as chairman of Middlesbrough football club.

Michael Sutton and his family, owner of tanker specialist Sutton and Son (St Helens), come in at 254th spot in the big bucks league which places them on a par with rock star Rod Stewart.

Bernard Holmes, the previous owner of car transporter Silcock Express, is said to be worth £55m while Richard Gabriel, who sold parcels company Interlink in the early 1990s, has £44m. That's just ahead of Raffaello Bacci's £43m—he is managing director of Salford Van Hire.

Jack Barnard and his family scrape home with a joint 459th ranking thanks to the value of their Suffolk-based haulage operation, Taylor Barnard. They are estimated to be worth £36m, which is Elm more than former racing driver Nigel Mansell.

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