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Earl of Iveagh who is leader of the Guinness family named East Anglia's third wealthiest person in The Sunday Times Rich List 2019

The Earl of Iveagh has been named the third richest person in East Anglia in The Sunday Times Rich List, with his wealth valued at £973million.

The 49-year-old drinks company tycoon, who is better known as Ned, leads the Guinness family, having inherited £62million of shares in the company.

The family stake in Diageo - which today owns the famous stout that carries the family name - is unpublished but is believed to be worth £310million.

Lord Iveagh unveiling a new 1940s Guinness sign in 2012.
Lord Iveagh unveiling a new 1940s Guinness sign in 2012.

Iveagh also leads the family's Burhill Group organisation, which operates 22 golf courses, and has £52.9million of assets in the both the Elveden Estate and the £400million Canada-based British Pacific Properties.

Topping the list is Swedish born Kirsten Rausing, who is said to be worth £12.256billion.

Some of the 66-year-old's wealth has come from her horse-racing roots, after breeding the last two winners of the Hong Kong Cup - Time Warp and Glorious Forever - at her Lanwades stud in Newmarket.

She has had 1,600 winners in the last 20 years and also owns 50 per cent of the British Bloodstock Agency which buys and sells racehorses for wealthy clients.

The main source of her wealth come from the Tetra Pak packaging giant, which her grandfather founded in 1951.

Kirsten and her two siblings now told all shares in the organisation.

Comparethemarket.com owner Douw Steyn, Ray O'Rourke, whose construction company worked on the London Olympic Stadium and Alfie Best, who wins the Wyldecrest Parks brand, also feature on the list.

The Sunday Times Rich List is compiled by Robert Watts. The complete list will be available to the paper’s digital subscribers and will be online at thesundaytimes.co.uk/richlist2019

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