Sunderland owner Ellis Short has seen his fortune grow by £200million in a year - but there’s bad news for Newcastle United supremo Mike Ashley, who saw his own wealth cut by £1BILLION!
New figures compiled by The Sunday Times Rich List 2016, which is due to be published this weekend, show the last 12 months have been a contrasting period for the two football chiefs.
Mr Short, 55, now has a personal wealth of £1.2billion, which ranks him the 90th richest person in the country.
Through his London-based Kildare Partners private equity operation, the Missouri-born financier raised nearly £1.4billionn to invest in distressed property in 2014. He also owns Skibo Castle in Scotland.
Mr Ashley, 51, remains the richest man in the north east with a fortune of £2.43bn and is 45th overall in the country, despite a £1.07billion loss.
Shares at his Sports Direct business have almost halved in value since December, leaving his stake worth £1.25bn. Mr Ashley made £929m when Sports Direct floated in 2007.
Elsewhere, Sir Peter Vardy is equal 13th on the Wearside list, despite seeing his fortune fall by £5million to £170million.
Across the region, 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 in 1882 with its flagship store in London’s Bond Street following nine years later.
And Dame Margaret and Helen Barbour and family are up to seventh on the north east list, seeing a £15million rise in their wealth to £335million.
Middlesbrough chairman Steve Gibson has seen a 50% rise in his fortune from £130million to £195million.
Others on the north east list include musician Sting, entrepreneur Duncan Bannatyne and the Duke of Northumberland.