Rich List 2012: No.40 - Sir Jack Hayward (£128m)
Wolves life president Sir Jack Hayward must be particularly pleased that his beloved football team is in safe hands under Steve Morgan. Sir Jack sold Wolves to him for £10 in 2007, on condition that he invest £30 million in the club.
It’s a promise that Steve Morgan has more than kept, with the improvements he is making to Molineux and its team, but some of Sir Jack’s family were less than happy with his decision, along with his decision to remove them from trusts he had set up.
Not for the first time, this sparked off an ongoing family feud. Sir Jack, 88, contests that since he put his children into the trusts he can also take them out.
In November 2010 Sir Jack, who lives mainly in The Bahamas, sold his 50 per cent stake in the Grand Bahama Port Authority – of which he is honorary chairman – for an undisclosed sum, believed to be around £80 million.
This will add to Sir Jack’s fortune, which includes homes in London and New York and an estate in the Highlands, as well as his Bahamas mansion which he shares with his American wife and a dozen or so rescue dogs.
