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Ireland's wealthy getting richer
RTE News (Dublin, Ireland) ^ | April 21, 2006 10:40 | RTE News

Posted on 04/23/2006 9:59:38 AM PDT by Murtyo

Anti-Poverty campaigner Bob Geldof is the surprise new entry into The Sunday Times list of Ireland's Richest Entertainers, new figures showed today.

The former lead singer of the 1970s band The Boomtown Rats takes fifth place in the table, sitting on top of a fortune worth €51m. According to compilers of The Sunday Times Rich List 2006, his shares in his television production company Ten Alps have soared and he also has a €29m stake in reality TV production firm Castaway Productions.

U2 scooped first place in the list and are now worth an enviable €690m. Digital and album sales plus box office receipts earned the band over €215m last year alone. The profits were split five ways with an equal share going to manager Paul McGuinness.

Riverdancer Michael Flatley takes second place with €551m after the huge popularity of his Lord of the Dance and Celtic Tiger shows. He has earned at least €196m from these performances with an additional €147m coming from the value of his brand. He also has substantial other investments and a valuable property portfolio with homes in Co Cork, London, France and the United States.

Overall, Ireland's super rich saw their wealth jump by 15% - one of the highest increases in ten years. Such has been the growth in wealth over the last 12 months that to get onto the list in the first place, a person needs net assets of €35m. That is €10m more than last year.

The Sunday Times says that very high profits in construction and property firms and a rebound in commercial property values produced the highest number of super rich and new entrants this year.

The increase was also helped by strong stock market growth and a rebound in the value of technology, communications and retail companies. Rapidly growing and profitable sectors - like recycling - are created a number of new multimillionaires.


TOPICS: Culture/Society
KEYWORDS: antipoverty; bobgeldolf; campaigners; ireland; rich; sundaytimesoflondon; superrich
Anti-Poverty campaigner Bob Geldof...a fortune worth €51m

Related artilce - http://www.timesonline.co.uk/article/0,,2091-2148127,00.html

1 posted on 04/23/2006 9:59:39 AM PDT by Murtyo
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To: Murtyo
His money now entitles him to tell everyone else how to live and how to think. Same for Bozo, I mean Bono.
2 posted on 04/23/2006 10:03:31 AM PDT by garyhope
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To: Murtyo
Ironic that they got rich telling me that I need to give my money to the poor, no?
3 posted on 04/23/2006 10:03:36 AM PDT by randog (What the...?!)
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To: Murtyo
I hate it when the class envy crap is pulled...the implication is that those mean old fat rich people are stepping all over the helpless poor.....please. The middle class and the poor are benefiting too, but shhhhh....we can't tell people that b/c otherwise the class envy button won't work.

Also, no mention as to WHY people are getting richer in Ireland! Perhaps it is because the wonderful non-socialist tax system in Ireland! The rest of the Europe should wake up and follow Ireland but nooooo, instead they will whine and try to bring Ireland down into their socialist cesspool.
4 posted on 04/23/2006 10:10:44 AM PDT by socialismisinsidious ( The socialist income tax system turns US citizens into beggars or quitters!)
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To: Murtyo; Happygal; Colosis; Black Line; Cucullain; SomeguyfromIreland; Youngblood; Fergal; Cian; ...
Anti-Poverty campaigner Bob Geldof is the surprise new entry into The Sunday Times list of Ireland's Richest Entertainers, new figures showed today.

Bob Geldof proved to be very good at eradicating his own poverty!!!

5 posted on 04/23/2006 4:10:33 PM PDT by Irish_Thatcherite (~A vote for Bertie Ahern is a vote for Gerry Adams!~| IRA supporters on FR are trolls, end of story!)
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To: Irish_Thatcherite

LOL! I don't care if people get rich, but rich people who use the poor for accessories are tacky.


6 posted on 04/23/2006 4:19:09 PM PDT by Tax-chick (Dump the 1967 Outer Space Treaty! I'll weigh less on Mars!)
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To: socialismisinsidious

Yep, Ireland has one of the lowest corporate tax rates in the world.


7 posted on 04/23/2006 4:21:02 PM PDT by Extremely Extreme Extremist (Remove card rapidly)
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To: Tax-chick

That is so true TC!! :)


8 posted on 04/23/2006 4:24:22 PM PDT by Irish_Thatcherite (~A vote for Bertie Ahern is a vote for Gerry Adams!~| IRA supporters on FR are trolls, end of story!)
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To: Irish_Thatcherite
his shares in his television production company Ten Alps have soared and he also has a €29m stake in reality TV production firm Castaway Productions

Well at least now we know why he's not in a band anymore - and here I was thinking it was lack of talent...

9 posted on 04/23/2006 6:25:25 PM PDT by slane
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To: randog

totally. I'm sure the guy could get by on 5m for the rest of his life and give 45m away to the poor.


10 posted on 04/23/2006 9:24:36 PM PDT by Murtyo
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To: slane

It could be Bob's facial hair....


11 posted on 04/24/2006 2:02:23 PM PDT by Irish_Thatcherite (~A vote for Bertie Ahern is a vote for Gerry Adams!~| IRA supporters on FR are trolls, end of story!)
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