2008: £106m (-£21m)
A revaluation of its properties in 2008 hit the bottom line of Folkes Holdings as the credit crunch bit. But the group still managed to make operating profits of £9.2m. Folkes, now in property and engineering, was taken private in 2002 through a £38.5m deal, leaving Folkes, 56, and his family with all the shares. It has over £52m net assets. In the current climate, it should be worth £55m. We add £30m for other assets.
Return to Estates Gazette Rich List 2009