McNally tops Donegal Rich List with €517m

McNally tops Donegal Rich List with €517m
Paddy McNally, a former journalist from south Donegal who made his fortune seling advertising for Formula One racing, is Donegal’s richest man, according to the Sunday Times.

Paddy McNally, a former journalist from south Donegal who made his fortune seling advertising for Formula One racing, is Donegal’s richest man, according to the Sunday Times.

The 74-year-old, who once dated Sarah Ferguson also profited from property investments in the UK and Switzerland.

With assets of €517m, he ranks 17th in the Irish Rich List and 209th in the overall UK and Ireland Rich List.

Burnfoot based businessman Philip O’Doherty, who owns 80% of E&I Engineering, has joined the Sunday Times Rich list for the first time.

O’Doherty’s firm makes large industrial electronic switchgear systems, and he is estimated to have a current worth of €45m, putting him at 215th place in the Irish rankings.

Gaoth Dobhair singer Enya Ni Bhraonain, who has sold 70 million albums worldwide, is 88th in Ireland with €102M.

Riverdance founder Moya Doherty and her husband John McColgan were valued at €75M, placing them at 121 in the top 250.

Another south Donegal man Tim Kelly isn’t far behind in 124th place. Based in Harrow, England, where he runs his Kelly Group telecommunications company, he is estimated by the newspaper to be worth €73.

In joint 174th place is Vera McHugh who inherited a fortune from her husband Kevin in 2006. He was the owner of Atlantic Dawn, Ireland’s biggest fishing trawler. The Sunday Times says she’s worth €56M.

Across the border, the biggest earner on the list from Derry was actress Roma Downey who, when combined with the wealth her American television producer husband Mark Burnett, is estimated to be worth £295million. The Times has pointed out that her personal fortune is estimated to be in the region of £10million.

The pair have recently hit the headlines around the world with their co-produced miniseries ‘The Bible’ which broke the ratings records in the USA over the Easter period.

Derry songstress Nadine Coyle also makes it on the UK Young Rich List with a net worth estimated at £6m. The singer has just completed a successful tour with Girls Aloud, however the band have since announced their split. Nadine lives in California where she owns a bar in Orange County called Nadine’s Irish Mist.