High Rollers

The Times of London just published its annual list of the 1,000 richest Britons (shown here). Not surprisingly, Charles and Maurice Saatchi are near the top, with a combined worth of $332 million, ranking them 110th.
More striking is the absence of WPP CEO Martin Sorrell. However, BBH’s three principals, John Bartle, Nigel Bogle and John Hegarty, all made the cut, thanks to their decision to sell 49 percent of their agency to Leo Burnett. Each has an estimated worth of $33 million, $29 million of which Burnett paid them.
The Saatchis saw their stake in Megalomedia fall by about $17 million to $42 million. That was offset by a rise in the brothers’ other assets, particularly their 40 percent stake in M&C Saatchi. In its second year, the agency made $1.6 million in profits on sales of $101 million, with The Times valuing the agency at more than $83 million.
The worth of Charles Saatchi’s art collection is at least $116 million, while the pair’s investment in Adidas rung up $42 million. Maurice Saatchi also bought 5 percent of Loot, worth $8 million. — Noreen O’Leary