A record 177 billionaires live in Britain, which is going through a cost-of-living crisis. Among the top ten are Arena Racing Company owners and Kirsten Rausing
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The best thoroughbred racehorses don’t come cheap – and owners often fetch staggering amounts at the auctions.
But for a select group, a six-figure sum pales in comparison to their total wealth. For those looking for the next hot prospect, check out the latest release of The Sunday Times Rich List. The brothers behind one of Britain’s leading racecourse groups, as well as two heads of bookmaking firms, are among those who have amassed huge fortunes.
Here we take a look at five of the participants and their current interests in esports.
David and Simon Reuben and family £22.265bn (3rd)
The billionaire brothers own 16 racetracks and four greyhound tracks under the Arena Racing Company name. In the last year alone, her net worth has increased by £800million.
Dave Benett/Getty Images)
Despite this, they have fallen from second to third place in the list, overtaken by vacuum company giant James Dyson and his family (£23bn). Born in India, the Reubens started out as entrepreneurs. David started out with scrap metal, while Simon’s first foray was into carpets.
He made enough money to invest in real estate. Arena Racing, which operates courses such as Doncaster and Wolverhampton, was formed in 2012 through the merger of Arena Leisure and Northern Racing. With Saudi investors and Amanda Staveley, they also have a ten percent stake in Newcastle United.
Kirsten and John Rausing £12bn (9th)
2013 Max Mumby/Indigo)
Successful homebreeder Kirsten Rausing is ninth in the list with her brother Jorn. The Jockey Club member and her siblings each inherited a third of the Swiss packaging group Tetra Laval.
dr Rausing’s non-profit Alborada Trust is named after her two-time champion stakes winner, the 1998 three-year world champion. At the age of 15, The Mirror previously reported how she began her life in business and breeding racehorses.
Kirsten was instrumental in establishing a stud farm in Sweden and later established one in Ireland before settling in Newmarket in 1980. Earlier this year, Dr. Rausing, 69, covered the cost of the state-of-the-art CT scanner stud at Addenbrooke’s Hospital in Cambridge.
Alpinista is one of her best horses, having landed a hat-trick in Group 1, the highest level of the sport, in 2021.
Denise, John and Peter Coates £8.637 billion (17th)
Despite taking a £170million pay cut, Denise Coates is said to be earning more than anyone in the UK since last year’s Rich List. The 54-year-old founder of bookmaker Bet365 had a salary of £249.6million in 2020-21. And although it has been a difficult time for sport and fixture schedules during Covid-19, the Stoke firm increased revenue once lockdown ended.
Bet365, which started as an online betting site in 2001, is valued at around £7.1 billion. The Denise Coates Foundation, a registered charity, has given financial support to Oxfam and the Douglas Macmillan Hospice for Cancer Patients in Stoke.
Lord Bamford and family £4.32bn (42nd)
Luke Walker/Getty Images for the Starlight Children’s Foundation)
Lord Bamford is best known for his position at JCB, one of Britain’s most successful family businesses. As Chairman since 1975, he has been instrumental in the company’s extensive global expansion.
The 76-year-old Tory colleague sponsors key Cheltenham Festival races, the JCB Triumph Hurdle and other trials competitions throughout the National Hunt season. Lady Bamford started Daylesford Stud in 2000 with three broodmares and among her group race performers were Sariska and Tropbeau.
Horses running in their silk races won 15 times in 2016, their best tally to date, winning over £600,000.
The Queen £370million
The reigning monarch will be without a runner at this year’s Epsom Derby, which she is expected to attend. Racing’s flagship Classic is a big part of their Platinum Jubilee celebrations next month. Although her Thoroughbreds have not tried successfully for the big race, The Queen should have runners on the card.
In 2021 she celebrated her most successful year on the Flat ever with 36 winners. Records dating back to the 1980s show their runners banked just over £580,000 in prize money. Her best score to date came in 2019 with a total of 29 wins and she has seven on the board for 2022. Reach For The Moon, who was the Queen’s intended Derby horse before a training setback, will be fielded against Royal Ascot later in June.
He finished a promising second place on his campaign reappearance at Sandown.
https://www.mirror.co.uk/sport/horse-racing/wealthiest-people-racing-revealed-billionaires-27024056 The richest people in racing who have been revealed to be billionaires make the Sunday Times Rich List's top ten