The Sunday Times Rich List 2020: The Beerage in crisis?
I’ve criticised the rigour of the Sunday Times rich list before not least because the rich don’t often make it easy to understand how much they are really worth, all part of the joys of capitalism.
To be fair to the 2020 list however it is noted that while they had completed 800 valuations by February 2020 they have reviewed everything to try and capture the early impact of COVID-19. They note that the impact will be felt over some years and will certainly be greater than the financial crash of 2008 when 37% of the wealth of the rich had been wiped out in the 2009 list. That said they note that already the number of billionaires is down from 147 to 143. Crowdfunding anyone?
As in 2019 I’ve had a look through for members of the ‘Beerage’ (wealthy people associated with beer). I don’t reference below the several that have attained wealth through gin and whisky.
There aren’t that many but given my first para this isn’t hugely surprising. This isn’t an attempt to find out how many people have got seriously rich through beer. Rather it is a list of the seriously rich who are in the public eye who have got seriously rich through beer which is not quite the same thing.
This means that the list is idiosyncratic
Charlene De Carvalho-Heineken is at the top. She is 9th (down from 7th) on the rich list with a wealth of £10.3bn. That is down £1.7bn from 2019 but it was £11.1bn in 2018. So, er, cheers still, particularly in this case for the UK craft breweries where Heineken have a stake…
Next at 69 are Alejandro Santo Domingo and Lady Charlotte Wellesley. The latter is a descendant of Queen Victoria which may interest Perry Anderson and a certain strand of New Left Review thought. The former however was instrumental in selling SAB Miller to ABInBev. He still has a 1.7% holding which was worth £1.63bn in 2019 but has now dropped significantly to £1.14bn. Their overall wealth is valued at £2.031bn down from £2.835bn in 2019.
Meanwhile the Earl of Iveagh (Ned to you) and the Guinness Family are 158th on the list with a wealth of £906m down from £973m. The ST reports that the Guinness family have launched a new crazy-golf venture called bunkers…
Others are well down the list
Brewdog’s Martin Dickie is worth £228m and is 537th and James Watt by contrast has £262m and is at 495th on the list. The valuation of their wealth hasn’t changed since 2019 representing the difficulty of working out what exactly it is. A summary of a recent attempt by Private Eye to do just that is here:
https://kmflett.wordpress.com/2020/03/13/private-eyes-analysis-of-crafty-brewers-brewdog/
Tim Martin of Spoons is at 416 on the list down from 310th and is worth £311m which is £126m down from 2019 which itself was £11m down on 2018. It doesn’t look like Brexit was good for business for Tim after all. Perhaps collecting tins on the bar then?
David McMullen and family, the Hertford brewers are at 684 and worth £181m (up from £173m in 2019) even though COVID-19 has reduced the valuation of the brewery itself.
At 876 are Anthony Woodhouse and Family the owners of brewers Hall and Woodhouse and 200 plus pubs are worth £137m up from £134m in 2019
It still begs the question why at least some other regional brewers don’t feature.
It appears from this that there is still money in beer, brewing and pub ownership at least for some seriously wealthy individuals. It will be interesting to see what the 2021 List brings though..










