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Who’s the richest in Wales?

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richmanSUCCESSFUL internet investments have made Sir Michael Moritz the richest person in Wales, according to The Sunday Times Rich List 2014. He is one of two Welsh billionaires included in this year’s Sunday Times Rich List, which is published in a special 116-page edition of The Sunday Times Magazine on May 18. 

Raised in Cardiff but now an American citizen, Moritz is the leading partner at Sequoia Capital, an American venture capital firm. Two key internet flotations of recent years made his name. First, an £8m stake taken in the early days of Google turned into $6.3billion after it was floated; and, second, Moritz repeated the trick with LinkedIn, where an initial investment of £2.85m rose to £912m at the time of its 2011 float. In the past year, Moritz’s wealth has soared by 50% (or £563m) to stand at £1.688billion. With his novelist wife Harriet Heyman he has recently given £18.2m to the University of California, San Francisco, to fund biomedical research PhD programmes. Sir Terry Matthews remains in second place on the Welsh Rich List and is the principality’s only other billionaire, this year worth £1,190m, a gain of £68m in the past 12 months. Best known in Wales for bringing the Ryder Cup to the country in 2010, hosted at his Celtic Manor Resort, near Newport, Matthews, 70, made his fortune in Canada, picking up £1billion from the sale of his Newbridge Networks computing business. He wants to build a convention centre at Celtic Manor and, through his Celtic House International company, invests in high-tech start-up businesses. Douglas Perkins, with his wife Dame Mary, head a Specsavers empire that now extends to 1,650 stores worldwide. Their son, John, is managing director of the operation, but the Guernsey-based couple has overseen huge expansion of the business. They both studied optometry at Cardiff University before opening an opticians in Bristol in the 1960s. They made £2m from an initial 23 outlets, which were sold in 1980. Specsavers was founded three years later and has grown rapidly since to record a turnover of £1.8billion in 2012-13. The 26th annual Sunday Times Rich List – the definitive guide to wealth in Britain and Ireland – is published on May 18 in a special 116-page issue of The Sunday Times Magazine, which profiles the 1,000 richest individuals and families in the UK and the wealthiest 250 in Ireland. The list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies. It excludes bank accounts, to which the paper has no access. The Sunday Times Rich List 2014 is compiled by Philip Beresford, the leading authority on British wealth, and edited by Ian Coxon. Information from The Sunday Times Rich List.

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Police investigate ‘Chinese government vehicle’ spotted near Puma Oil Terminal

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POLICE have confirmed that they are conducting “the appropriate enquiries” after a suspicious vehicle was spotted in the vicinity of Puma Oil Terminal on Saturday afternoon (Aug 8).

Following a tip off a Herald reporter was dispatched to the area, and saw a black Volvo SUV with three oriental looking males inside the vehicle. The vehicle had diplomatic number plates identifying that it belonged to the Chinese government.

However, a DVLA check suggested that the plates were registered to a BMW and not the Volvo they were displayed upon.

South Hook LNG security was notified as a precaution.

A police spokesman said: “Members of the public are advised to contact the police to report any suspicious activity or incidents.”

Both the UK and US governments are currently on alert following incidents of spying relating to key infrastructure, computer systems and state secrets by the Chinese authorities.

[The image used in this report is a computer generated artist’s impression.]

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Milford Haven Street Food Festival Returns To Waterfront This August

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MILFORD Haven Street Food Festival will be setting up camp at Milford Waterfront for the third year running to continue their Summer of street food tour, and with a brand new sponsor joining for the ride! Jubel Beer will be on hand fully loaded with refreshing fruity beers to serve all weekend long.

Street Food Warehouse and their team of feeders are heading back into town this bank holiday weekend, 28th – 30th August.

Cooking up a storm between noon – 10pm, the festival is split into three mouth-watering portions and is the only way to get you in the mood for summer and of course, fill you up to the brim on all of your favourite foodie delights.

You’ll need to grab your tickets beforehand, just make sure you come with an empty belly ready to taste new flavours – the world will really be your oyster. From smokin’ souvlaki to naughty nachos, mouthwatering Malaysian to chocolatey treats. Carnivores, veggies and vegans alike will be able to get their hungry hands on a range of Insta-worthy grub from all over the world!

Don’t worry, we haven’t forgotten that you’ll need something to tingle your taste buds and wash it all down with! Luckily, The Pop Up Bar Hire Company has got the whole weekend covered, offering all of your favourite beverages ranging from zesty Mojitos to ice-cold pints of Jubel Beer.

Two Lads Kitchen, Spicer’s Meat Wagon, Makasih and Chock Shop are just some of the street food vendors that will be attending the weekend, with many more both local and national vendors to be announced.

Come rain or shine, the event is completely free and family-friendly where you can get your hands on the most vibrant and high quality street food Milford Haven has to offer.

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Tenby: Police investigate overnight burglaries and theft

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POLICE are investigating two burglaries and a theft which occurred sometime overnight 9th/10th August in Tenby.

At approximately 2am this morning the RNLI lifeboat station, on Castle Hill, was broken into and money taken from the charity donation box.

Sometime overnight the padlock on the charity box for the Shipwrecked Mariners Society on Castle Square was broken and money taken from within.

Also overnight a window was forced open at the Denis Café, Castle Beach, and the till was missing. The till was later found with the money removed.

PC Garland said: “The three incidents are currently being linked. Having to close to deal with the clean-up of this type of incident is difficult for any business but especially so at this time. The two charities rely on donations to keep going and being a crew member of the Tenby Lifeboat I know what important work they due for the local community and for visitors who get into difficulty in the sea. I would appeal to anyone with any information to come forward and contact police.”

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