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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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Angle Lifeboat tasked to disabled yacht 22miles from St Ann’s head

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Image Credit - RNLI Penny Harris

ANGLE LIFEBOAT and her crew saw out April when they were tasked on 30th of April to a yacht 22miles from St Ann’s head.

Angle Lifeboat and her crew saw out April when they were tasked on 30th of April to a yacht 22miles from St Ann’s head.

The lifeboat was launched at 10:43pm to a 26ft yacht that had reported smoke coming from their engine compartment. The casualty vessel was 22 miles south west of St Ann’s with two crew onboard.

The lifeboat arrived on scene at 11:46pm. The on scene assessment was carried out and both crew were safe and well but the vessel would need to be towed to Milford Haven. The tow was set up and the casualty vessel was under tow at 11:56pm.

The conditions were perfect for the slow tow back which saw a beautiful moon rising and the early glow of dawn.

Lifeboat arrived at Milford and swapped the casualty vessel to an alongside tow to take it alongside in to the lock at Milford Marina where the casualty was safely tied up at 04:49am.

The lifeboat rehoused at 05:15am where she got her well deserved washdown and the crew headed home to get some sleep.

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Meet the Pembrokeshire Mower Doctor

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A NEW Pembrokeshire business is proving to be an inspiration for young people after its recent launch.

The Pembrokeshire Mower Doctor is the brainchild of Ewan Griffiths, who turned his dream into reality thanks to the advice and support of Cam Nesa.

The project aims to reduce the number of young people aged 16-24 who are not in education, training or employment.

Before signing up to Cam Nesa, Ewan was out of work and struggling for direction, and anxiety was preventing him from maximising his potential.

Throughout his journey with Cam Nesa, Ewan worked closely with youth worker Donna Wright to devise a plan that provided support and guidance to improve his confidence and self-esteem, and provide mechanisms for coping with anxiety.

In addition, the project provided Ewan with opportunities to gain qualifications and obtain information that would help him with starting his own business.

Ewan’s message to other young people is simple, “If you find yourself struggling, there is help.”

“Cam Nesa supported me in all aspects of my plan, and working with Donna was fantastic.”

“I would definitely encourage others to reach out for support.”

Donna Wright, who supported Ewan throughout his Cam Nesa journey, said that the launch of his new business is a great source of pride for Cam Nesa and Pembrokeshire Youth Service.

“Ewan has come on leaps and bounds, and it was his engagement and determination that has made his outcome with Cam Nesa so successful and inspiring”, she said.

“Congratulations Ewan on your achievements, and we all wish you good luck with your new business.”

The Pembrokeshire Mower Doctor provides repairs and servicing for mowers, strimmers, hedge cutters, and most agricultural engines, with the mobile service providing collection and returns.

For more information, search ‘Pembrokeshire Mower Doctor’ on Facebook.

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Milford Haven: Mount estate death not being treated as suspicious say police

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POLICE have confirmed that following a welfare visit to a property in Mount Estate, they discovered a male occupant, in his 30’s, in need of medical help.

Despite the best efforts of medical staff he sadly passed away on Sunday.

A spokesperson for the police confirmed to The Pembrokeshire Herald: “Dyfed-Powys Police attended a property at the Mount Estate, Milford Haven on Friday 30th April 2021, following a report of concern for the welfare of the occupier.

“A male was taken to hospital where he died on Sunday 2nd May 2021.

“The death is not being treated as suspicious.”

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