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Familiar names make 2019 Rich List

Sunday Times' latest ranking features the likes of the Gudmundssons, Oughtreds and Shropshires

Familiar names make 2019 Rich List

Agust Gudmundsson

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Several food and fresh produce industry names have been included in the Sunday Times’ 2019 Rich List.

Icelandic brothers Agust and Lydur Gudmundsson, owners of prepared produce supplier Bakkavor, ranked 247th in this year’s list, with their fortune of £560m representing a drop of £140m on the year before. The pair made £158m from share sales after the operation floated in 2017, with the business now having a stock market value of £861m. The siblings own half the company and have other wealth.

The Oughtred family, which owns The William Jackson Food Group, came in at 569th place with a fortune of £210m, a £27m increase on the year before. That helped the family climb from 647th place in last year’s ranking. The group’s businesses include Abel & Cole, Wellocks and MyFresh, though it sold its famous Aunt Bessie’s brand last summer. Its chairman Nicholas Oughtred is great-great-grandson of founder William Jackson.

G’s Group owners John and Guy Shropshire have fallen over 250 places to 927th, with their fortune of £127m representing a £48m drop on last year’s figure. The Sunday Times said it valued the Shropshires on the £121.6m of net assets found in four family companies, as well as other wealth.

Adam and Jason Fuller and their family are a new entry in the Sunday Times Rich List, squeaking in at 978th position with an estimated wealth of £120m. The brothers are the fourth generation to run Leeds-based Fullers Food, which wholesales 25m+ cases of fruit, vegetables and other products to a range of retail clients. 

Elsewhere in the list Sir David Samworth and family, owners of Samworth Brothers, took 254th place with £540m, and Iceland founder Sir Malcolm Walker and family were 470th with £265m.

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