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The North West of England boasts a formidable roster of wealth and entrepreneurial success, with its richest residents redefining the region's economic landscape.
North West Business Insider revealed which movers and shakers have made the Top 50 Rich List for the region. As we round out 2024, here are the 19 wealthiest individuals from the list, spotlighting the most influential figures, including owners of Home Bargains and Asda.
The full list of 50 can be found in the September issue of Insider, which is out now.
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13. 13. The Sheppard family (£975m)
A slowdown in the Chinese economy and higher energy costs has dented the performance of EMR, the Sheppards’ metal recycling giant. Profits plummeted from £102m to £1m in 2023. The Warrington-based business is one of the world’s largest metal recycling businesses, employing nearly 4,000 people and putting ten million tonnes of scrap metal back into the supply chain each year. | Google Maps
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14. 14. Matthew Riley, 50 (£825m)
Riley continues to grow his telecoms and IT services outfit Daisy Group, earlier this year buying Bournemouth-based 4Com for £215m. Nelson-based Daisy now employs more than 2,000 staff and is second to BT Group in the UK’s SME telecoms market. Although loss-making and laden with debt, the group should be worth £1.1bn. | National World
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15. 15. Tim Knowles, 59 (£734m)
Knowles’ FI Real Estate Management aims to develop his Botany Bay site, adding £1.3bn in value and creating 3,800 jobs. He plans a new logistics park near the M65 and manages £1.2bn in assets across the UK and Europe. His equity in six companies is worth £704m, with an additional £30m in property and £600,000 in wine, totaling £734m. | Neil Cross-National World
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16. 16. Mahmud Kamani and family, 59 (£675m)
Kamani missed a seven-figure bonus after Boohoo failed to meet sales and profit targets, resulting in a £159.9m loss for 2023-24. Shares have stalled. Kamani co-founded Boohoo in 2006 and still holds 23.8% with his family. Their property companies have assets of £23.1m, and their stake in LadBible’s publisher has increased by 44%. | Getty Images for bohooo