Page 8 - Yorkshire Rich List 2017

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The Duke of Devonshire £890m
2016
Position: 6 £880m
The 12th Duke of Devonshire – Peregrine Cavendish KCVO CBE DL, known to his friends as “Stoker” – owns the magnificent 33,000-acre Bolton Abbey estate in Wharfedale. His wealth is boosted by rising land prices.
He also chairs the Devonshire Arms Hotel Group, a chain of hotels around his North Yorkshire estate and his family seat – the neo-classical 297-room Chatsworth House in Derbyshire.
His Bolton Abbey estate takes its name from the ruins of the 12th century Augustinian monastery on the banks of the River Wharfe. The estate includes 84 farms, four Grade I listed buildings and 27 businesses. Bolton Abbey Hall, originally a gatehouse of the priory, was converted into a house by the Cavendish family and has Grade II listed status.
The estate was listed in The Domesday Book, and the abbey has been painted by Turner and Landseer, as well as inspiring a Wordsworth poem.
As well as the Bolton Abbey estate and the 36,000-acre Chatsworth estate, the Duke, aged 73,
owns the Lismore Castle estate in Co Waterford, Ireland.
He succeeded to the dukedom in 2004 on the death of his father, Andrew Cavendish who was married to Deborah Mitford. He a ended Eton and Exeter College, Oxford where he read history.
He is well known in horse racing circles and was chairman of Ascot Racecourse. He was also the first chairman of the British Horseracing Board and a former senior steward of the Jockey Club. He received the CBE for services to racing in 1997.
He collects modern British and contemporary paintings and sculpture and is a trustee of Sheffield Galleries and Museums Trust. Some paintings were sold to fund the £33m restoration of Chatsworth, but he still owns masterpieces by Rembrandt, Raphael and Van Dyck.
He is a trustee of the Wallace Collection and sits on the board of Sotheby’s. He is also the owner of Heywood Hill, a London bookshop.
He married Amanda Carmen Heywood- Lonsdale in 1967 and the couple have three children.
LANDED GENTRY: The Duke of Devonshire at the launch of the appeal for Buxton International Festival.
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Crispin Odey and Nichola Pease £800m
2016
Position: 5 £900m
East Yorkshire-born hedge fund manager Crispin Odey, despite bankrolling the “remain” campaign to the tune of £900,000, did well following the result of the Brexit poll, gaining £220m.
But the wheels came off quickly when his pessimistic forecasts of the state of the global and UK economies proved to be wide of the mark. The markets turned and his main fund plummeted in value.
Odey Asset management is clawing its way back to positive territory, but profits are inevitably down. In 2015 a weak European economy and
an unsuccessful bet on the movement of the Australian dollar also took their toll.
Crispin Odey, 58, is the founding partner and controlling shareholder of the fund which has assets of nearly £7bn under management.
He was brought up in the Grade II listed Hotham Hall, North Cave in East Yorkshire. He was educated at Harrow and Christ Church, Oxford where he graduated in 1980 with a degree in history and economics.
He qualified as a barrister before joining
Framlington fund management group and then on to Barings where he managed the Baring European Growth Trust.
He founded Mayfair-based Odey Asset Management in 1991, with George Soros as one of the original investors. He was one of the few fund managers who correctly anticipated the credit crunch in 2008, consistently warning about the dangers of debt and artificially inflated house prices.
His Northumberland-born wife Nichola Pease, 57, is a non-executive director at Schroders.
She was deputy chair of JO Hambro Capital Management until it was sold, resulting in a £26m windfall for her stake in the business. She is a member of one of the founding families of Barclays Bank and daughter of Yorkshire Bank chairman Sir Richard Pease.
Crispin Odey was briefly married to Rupert Murdoch’s eldest daughter Prudence. He enjoys wine, modern art, shooting and fishing and has homes in Chelsea and in the Forest of Dean village of English Bicknor.
HEDGING BETS: Crispin Odey, the hedge fund manager and founding partner of Odey Asset Management.
8 THE YORKSHIRE POST TUESDAY NOVEMBER 28 2017
www.yorkshirepost.co.uk
REX/SHUTTERSTOCK DAVID JOHN KING