Steve Gibson adds £65m to his wealth in single year
The Boro chairman is now worth £195m, according to The Sunday Times Rich List 2016.
Steve Gibson, chairman of Middlesbrough FC, has seen his fortune rise by £65m in the last year, according to The Sunday Times Rich List 2016.
The Middlesbrough FC chairman's fortune has risen by 50% from £130m to £195m, which may come in handy should his team achieve promotion to the Premier League at the end of the season.
He has a £180m stake in the parent company behind the Teesside-based Bulkhaul tanker operation.
Newcastle United owner Mike Ashley, remains the richest man in the North East with a fortune of £2.43bn but shares at his Sports Direct business have almost halved in value since December, leaving Ashley's stake worth £1.25bn.
He started it with a £10,000 loan from his parents. Meanwhile, Ellis Short, the owner of Sunderland AFC, has seen his wealth grow by £200m in the past 12 months.
Through his London-based Kildare Partners private equity operation, 55-year-old Short raised nearly £1.4bn to invest in distressed property in 2014. The Fenwick retail fortune continues to grow with Mark Fenwick and family now standing at £700m, up £50m on last year.
The company opened its first department store in Newcastle upon Tyne in 1882 with its flagship store in London's Bond Street following nine years later.
Fenwick, 67, is a former manager of Roxy Music but now chairs the retail business which made a £30m profit on £298m of sales in 2014-15.
With £576m of net assets, the business is worth £600m. Peter Stephenson is the highest new entry in the Northeast Rich List. Like Gibson, he is a Teesside success story.
He founded and owns Able UK, the Billingham-based business that began life as a complex demolition concern.
Stephenson, 68, set the business up from home in 1966.
Today the operation is worth £200m and Stephenson and his family own all of it.
It has diversified into site reclamation and associated property development, as well as becoming market leader in decommissioning and recycling marine structures covering everything from oil and gas rigs to ships.