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The £1.17 billion sale of the Meadowhall shopping centre in Sheffield in 1999 netted Eddie, 70, about £420m. We can see £517m of net assets in four Healey family companies. The jewel in the crown is the £500m Centro, Europe’s largest shopping centre in Oberhausen, Germany. Eddie is worth £1,150m. Malcolm, 63, sold the Hygena kitchens business in 1987, netting £200m. He went to America and repeated the operation, selling up for £800m. The brothers from Hull are worth £1.9 billion.
We still list the Healey brothers together as they both started out in their father's Hull-based DIY business. Eddie, 66, made his fortune from property deals and has shown his confidence in the market with a number of recent trades, including selling the Parkgate shopping complex at Rotherham for £260m and buying the Newport retail park for £60m. He is also developing a leisure complex outside Newcastle upon Tyne, buying a Hull retail park for £30m and working with Dave Whelan (qv) of JJB Sports in launching Soccer Domes, combined football-based leisure and retail ventures. Eddie may be a god in the property world, but he shuns the limelight. With fellow developer Paul Sykes (qv) he turned a derelict site outside Sheffield on the M1 into one of Britain's most valuable out-of-town retail centres. The £1.17 billion sale of the Meadowhall shopping centre in 1999 netted Eddie about £420m for his 60% stake (taking account of £470m debt in the sale price). As he has reinvested some of the Meadowhall proceeds and stripped out the Parkgate sale, we can see nearly £100m of net assets in half a dozen separate Healey family companies, including Stadium Holdings. In all, allowing for double counting on our part, Eddie should be worth £750m. Younger brother Malcolm, 60, built up and later sold the Hygena Kitchens business, netting £200m in 1987. He went to America and repeated the trick there, selling up for £800m. He has returned to Britain and now lives on a huge Yorkshire estate he acquired for about £40m. Despite one or two problems with further investments in kitchens, Malcolm is worth about £700m as shares in the Masco Corporation, the company that bought his American venture, have risen sharply and Healey took at least some of his proceeds in shares. Together the Healeys are worth £1,450m.
Rich people from North and East Yorkshire feature in the latest list of big money.
The Rich Report 2000, which appeared in the Mail On Sunday yesterday, features a list of the 300 people in Britain with the most wealth.
And coming in at number 21 and 22 are Robert Miller and Malcolm Healey, who both have local connections.
Robert Miller, who founded Duty Free Shoppers, then sold his majority stake, is said to be worth £1.05 billion. Boston-born, he bought his 32,000-acre Gunnerside estate in North Yorkshire for £9 million in 1994. Malcolm Healey, worth £925 million, lives in Florida and made his fortune from kitchens, and is the man who bought the Warter Priory estate in East Yorkshire.
At number 30, with a reported fortune of £710 million, is Sir Ken Morrison and family, founder of the supermarket chain, who lives at Myton, near Boroughbridge.
David Hood, is at number 43, with £505 million, much of it made by selling decoders for digital and satellite TVs. He lives at Littondale, near Skipton.
Malcolm Healey's brother, Eddie, at number 53 (fortune: £450 million), and Paul Sykes, at number 57, (£425 million), were the men behind the development of the Meadowhall Shopping Centre in Sheffield.
York-born Terry Sadler, who started life as a butcher's helper and newspaper delivery boy, and whose mother packed chocolates at Rowntree's. His company Bioglan is said to be worth £714 million, is in 88th place with £300 million.
Others featuring in the top 300 include York construction king Paul Shepherd and family (191st place with £150 million), former Wetherby kitchen furniture manufacturer George Moore and son Richard (226th place with £125 million) and Sir Richard Storey of Settrington, near Malton, and his sister Jacquetta Cator (258th place with £107 million).
How Idea was Launched: Malcolm, launched Humber Kitchens in 1976, determined to raise the standards and quality of British fitted kitchens. He had previously worked in the family's DIY business in Hull.
In 1981, he acquired the Hygena brand name. In 1987 he sold Humber kitchens to MFI, netting £200million.
Malcolm then went to America, and set up the Ohio-based, Mills Pride. The company is one of the biggest kitchen manufacturers in the US.
Malcolm, has also formed a new company in Britain, United Kitchens, with four other investors. The business sells kitchens via concessions in existing stores.
Earnings: In 1998, Malcolm paid £48million for the Water Priory estate in the Yorkshire Wolds.
Court Order Forces Sale of 12,000 Sq. Ft. Waterfront Villa in
Jupiter, Florida
Watch Sale, Bid On and Steal This Estate via Live Streaming
Internet Broadcast
Formerly Appraised at More than $7 Million, Bidding Starts at $4.5
Million
JUPITER, Fla.--(Business Wire)--
If you've ever had the desire to get a peek at the inside of a
billionaire's estate, or maybe even if you have the bucks to buy one,
now is your chance to get a look at, or even take a crack at not just
buying but actually stealing a luxury waterfront estate villa for
pennies on the dollar. During a live auction simulcast on the internet
via streaming video, a global audience will have a rare and unique
opportunity to witness, or even participate in the bidding and
potential purchase of a 12,000 square feet, 5 bedroom, 8.5 bath,
one-of-a-kind custom-designed Mediterranean-style estate home that was
originally built for the extended family of renowned British
Billionaire, Malcolm Healey.
Malcolm Healey
Billionaire Family Builds Breathtaking Estate Home
This stately home was originally built in 1998 for the British
billionaire family of Malcolm Healey, a kitchen-cabinet manufacturer
whose fortune was first made in the United Kingdom in the 70s, and
then again in the United States. Transferring his ideas, technology
and spirited entrepreneurship to America in the 80s, Healey founded
Middlefield, Ohio-based Mills Pride, another company of his that went
on to become one of the biggest kitchen manufacturers in the U.S. In
1999 Healey sold Mills-Pride to Masco Corporation of Taylor, Michigan
in a multi-billion dollar transaction. A few years later, Malcolm
Healey's son, Richard Healey, the primary resident of Villa Del Fiume
for whom the luxury estate was originally constructed, moved into his
new $23 million estate beach home not much farther away from this
original home.
| This site is for Malcolm Healey |
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Villa Del Fiume, Part Deux: The English Lineage Continues,
Attracting A Second British Family of Wealth
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