Showing posts with label Sir Tom Hunter. Show all posts
Showing posts with label Sir Tom Hunter. Show all posts

Tuesday, May 01, 2007

Well Done Sir Tom

TYCOON Sir Tom Hunter yesterday told of the responsibilities that go with becoming Scotland's first home-grown billionaire.

With an estimated fortune of £1.05billion, he has been named the wealthiest person in Scotland and joint 60th in the UK in this year's rich list.

Ayrshire-based Hunter, 45, sold his Sports Division chain to JJB Sports for £290million. He now devotes much of his time to charity work.

He said: "With great wealth comes great responsibility.

"I've been lucky enough that my first business made money through people in Scotland buying the trainers and so on that I was selling.

"It's only right, therefore, that we would want to give something back."

His Hunter Foundation and the Clinton-Hunter Development Initiative, formed with former US president Bill Clinton, made recent donations of almost £30million.

Last month, Hunter's property consortium took over housebuilders Crest Nicholson for £715million.

It followed the £311million takeover of Wyevale Garden Centres and £1.1billion paid for retirement home firm McCarthy and Stone.

Other Scots high on the rich list include Rangers supremo Sir David Murray (£750million) and Harry Potter author JK Rowling (£545million). The UK's richest person is steel tycoon Lakshmi Mittal, who is worth £19.25billion.