Gibson fortune ‘down £75m’ – Sunday Times

steve gibson

Middlesbrough FC chairman Steve Gibson has seen his wealth cut by a third in the last year, according to the latest Sunday Times Rich List.

The Boro supremo has dropped seven places to the 15th richest person in the North East, according the broadsheet paper’s new tables published this weekend.

It says Gibson, the majority shareholder in Gibson O’Neill Company Ltd – the parent company of Bulkhaul, Middlesbrough FC and Rockliffe Hall – has seen his personal wealth decrease by £75m, from £205m to £130m, since 2014.

Earlier this month, Boro’s annual statement of accounts for the year up to June 30 2014 showed the club lost £20.4m.

Meanwhile, Cleveland Cable Company brothers Alastair and Michael Powell have seen their wealth jump by another £52m to £412m – making them the fourth richest people in the region, according to the Sunday Times.

They trail Mark Fenwick and family (£650m), Sunderland FC owner Ellis Short (£1 billion) and Newcastle United owner Mike Ashley (£3.5bn).

The 2015 Sunday Times Rich List – the definitive guide to wealth in Britain and Ireland – is published on Sunday, April 26.

The 128-page special edition of The Sunday Times Magazine is the biggest issue of the Rich List ever published since it first appeared in 1989.

It charts the wealth of the 1,000 richest people in the UK and the 250 richest in Ireland.

The list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies. It excludes bank accounts, to which the paper has no access.

The complete list will be available to all the paper’s digital subscribers and will be fully-searchable online at


Regional rank2015 Regional rank2014 Name 2015  wealth Wealth increase/decrease National rank
1 1 Mike Ashley £3,500m Down £250m 22=
2 2 Ellis Short £1,000m No change 108=
3 3 Mark Fenwick and family £650m Up £150m 172=
4 5 Alastair and Michael Powell £412m Up £52m 260
5 4 Jonathan Ruffer £400m Up £20m 262=
6 6 The Duke of Northumberland £350m Up £10m 287=
7 7 Dame Margaret and Helen Barbour and family £320m Up £5m 319=
8 11= Duncan Bannatyne £187m Up £12m 527
9 9 Graham Wylie £185m No change 528=
10 10 Sting £180m No change 539=
11= 14 Stuart Monk and family £175m Up £18m 563=
11= 11= Sir Peter Vardy and family £175m No change 563=
13 16 Raj Sehgal and Sanjeev Mehan £150m No change 637=
14 15 Duncan Davidson and family £149m Down £6m 671=
15= 8 Steve Gibson £130m Down £75m 729=
15= 17 Philip Noble and family £130m No change 729=
17= 20 Phil Cronin and family £125m Up £35m 754=
17= New Alex Lamb and family £125m n/a 754=
19 11= John Reece and family £120m Down £55m 791=
20 19 William Rankin and family £102m Up £10m 935=


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