Construction dominates self-made tycoon list

Grant Prior 12 years ago

Leading construction figures including Ray O’Rourke and Sir Anthony Bamford dominate a list of leading business people who have made their fortune without getting a university degree.

The self-made millionaires have built their fortunes following an apprenticeship or other practical qualification.

According to the City and Guilds Vocational Rich List five of the country’s top 20 self-made millionaires come from construction and made their way in the business world on their own merits.

In pole position is Sir Anthony Bamford, the JCB billionaire, who saw his family fortune shoot up to £2.15bn this year. He passed through an engineering apprenticeship.

Next in the rankings is Redrow’s chairman Steve Morgan, said to be worth £400m, followed by John Bloor who built his £385m fortune in house building and then went on the rebuild the Triumph motorcycle name.

Another house builder David Wilson is estimated to be worth £360m after selling his business, followed by contractor Ray O’Rourke who is estimated to have amassed a £315m personal fortune.

In fact 25 of the top 100 also come from property and construction.

Chris Jones, CEO and Director General of City & Guilds said: “Our latest Vocational Rich List proves you don’t need a degree to succeed.

“The List not only celebrates the success of Britain’s leading business men and women, but also serves as an inspiration to others to discover their talent and unlock their potential through vocational education and skills training.

Rank Name Background Weaith (£m)
1 Sir Anthony Bamford 2,150 Industry Staffordshire
2 Laurence Graff 2,000 Diamonds London (East)
3 John Caudwell 1,500 Mobile phones Stoke-on-Trent
4 Sir James Dyson 1,450 Industry Malmesbury
5 Sir Terry Matthews 1,043 Telecoms Newport
6 Jim McColl 570 Industry Glasgow
7 Trevor Hemmings 550 Property and leisure London/Lancashire
8 Sir David McMurty 450 Industry Dublin
9 Sir Arnold Clark 430 Cale sales Glasgow
10 Steve Morgan 400 Property and construction Liverpool
11 John Bloor 385 Industry Midlands
12 David Wilson 360 Construction Leicestershire
13 Ray O’Rourke 315 Construction County Mayo
14 Jack Tordoff 290 Car sales Bradford
15 David Hood 250 Electronics Shipley
16 Michael Clare 237 Property and retailing Beaconsfield
17 John Deer 210 Industry Wooton-under-Edge
18 Michael Oglesby 200 Property Scunthorpe
19 Peter Dawson 187 Truck details Milton Keynes
20 Ron Dennis 177 Industry and motor sports Woking

Latest news

Graham hospital site hut complex destroyed by blaze

Site offices ravaged by fire which took eight hours to get under control
4 hours ago

Mace wins £150m over-station job at Liverpool Street

Latest win from Aviva Investors and Allianz Real Estate following earlier Moorgate contract
5 hours ago

Buyers see brighter days ahead despite resi slump

"Construction can see a path through for better outcomes in 2023"
8 hours ago

Australian firm to buy £300m gigaplant backer Britishvolt

New owner vows to complete giant factory in Northumberland
12 hours ago

Project delays curb Ardmore growth ambitions

Refurb and housing specialist sees profit fall after challenging year of delays and supply chain failures
11 hours ago

Scaffolders and sparks strike at antibiotic plant

Engineering construction workers down tools in bonus pay row
11 hours ago

McAlpine bags £1bn Sellafield concrete structures deal

Contractor signs 17-year concrete structures and groundworks framework
21 hours ago

Moving in to new markets paying off for McLaren

Contractor carving out new niche as leading player in heavy refurbs
3 days ago

Heavy materials sales fall amid slowdown in starts

Light side product sales grow helped by pace of activity for refurbs and energy-efficient retrofits
11 hours ago

Plan to add retentions record to payment reporting law

Government consults on tougher reporting to include disputed invoices and retention policies
3 days ago

Morgan Sindall wins £88m Beckton DLR depot upgrade

Delayed work to start on Docklands Light Railway train maintenance depot in East London
3 days ago

Hare and Severfield win £250m Sellafield deal

Country's two biggest steelwork contractors secure 17-year framework
4 days ago

Max Steward returns to head up ISG’s Agility fit-out arm

Former ISG project director returns after three years to take up MD role
4 days ago

McLaren wins massive Portland House refurb

Construction to start this year on £380m revamp of 28-storey building in central London
4 days ago

Green light for £275m HS2 Midlands nerve centre

Trio of contractors battling it out to win huge new depot near Birmingham
4 days ago

Winners named for Government £10bn offsite framework

29 firms secure places on mega framework for schools, healthcare, defence and justice jobs
5 days ago

ISG, Amey and Costain now industry’s quickest payers – list

Average payment times from main contractors slip by a day
5 days ago

Staff at Outco Surfacing start looking for new jobs

Administration notice filed two years after acquisition of NMC Group
4 days ago

£4.75m building work provision tips Higgins into the red

Partnerships business counts cost of changes to building safety rules
4 days ago

John F Hunt snaps up London temporary works design firm

Demolition contractor buys geotechnical and structural engineering design specialist RKD Consultant
4 days ago

Vital Energi lands £13m package at Plumstead regen site

Specialist will start on site this summer helping to transform the former home of Arsenal FC
4 days ago

Galliford Try to start £14m Scunthorpe Market scheme

Firm will build NHS staff accommodation and offices in two phases
4 days ago

Vast £500m British Library expansion go-ahead

London Mayor still needs to give final nod to 800,000 sq ft extension at St Pancras site in London
6 days ago

Wates names new chief executive

Cork-born Eoghan O’Lionaird to join later this month
5 days ago

Keltbray director joins Barhale as North East chief

Mark Wood heads operations in Yorkshire and North East England
5 days ago

Major London City building green deep retrofit approved

St Bride’s Tavern near Fleet Street will be demolished for the building expansion
6 days ago

Gilbert Ash lands starring role in £38m Welsh theatre revamp

Contractor to start work this year on Theatr Clwyd upgrade
5 days ago

Property clients to ramp up spending on decarbonising

Survey reveals nearly half of property chiefs plan to speed up spending on net-zero programmes over next twelve months
5 days ago

Average self employed labour rates top £1,000 a week

Average weekly earnings reach high for skilled trades
6 days ago

BAM wins £49m Harrogate Convention Centre revamp

Local council hopes to sanction work start this autumn
6 days ago

Contractor services