Barbados Richest: Top 7 Multi-Millionaires from Barbados & their Net Worth in 2018

This article outlines the top 7 Richest Bajans and their net worth in 2018. Who really are the richest Bajans? Barbados is one of the tiniest island on the Caribbean and is a home to some of the world’s billionaires. Bajans are quite warm and very hospitable. They are among the top Caribbean islands who have the richest millionaires and billionaires properties. Rated as one of the best Caribbean islands the island is home to the Bajans. Barbados climate is quite friendly and serene to live in.

Richest Bajans and their Net Worth

7. Rihanna

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Estimated worth: $ 300 million

Robyn Rihanna Fenty(born 20 February 1988) is a Bajan singer, songwriter, actress, and businesswoman. Born in Saint Michael, Barbados and raised in Bridgetown, during 2003, she recorded demo tapes under the direction of record producer Evan Rogers and signed a recording contract with Def Jam Recordings after auditioning for its then-president, hip hop producer and rapper Jay-Z.

In 2005, Rihanna rose to fame with the release of her debut studio album Music of the Sunand its follow-up A Girl like Me(2006), which charted on the top 10 of the US Billboard 200 and respectively produced the successful singles “Pon de Replay”, “SOS” and “Unfaithful”.

In 2017, Rihanna launched cosmetic company Fenty Beauty under LVMH’s Kendo Brands. The partnership was worth $10 million and would see Rihanna release various beauty products.The first installment of Fenty Beauty was released on 8 September 2017 in stores and online, available in over 150 countries.

It included an array of products including foundations, highlighters, bronzers, blush compacts, lip glosses, and blotting sheets and was praised for its diverse range for all skin colours.Timemagazine named Fenty Beauty as one “The 25 Best Inventions of 2017”, citing the breadth of its range.

6. Kyffin Donald Simpson

Kyffin Simpson

Estimated worth: $400 million

Kyffin Donald Simpson is a Bajan businessman.

On his return to Barbados he worked in several industries including the retail sector. This prepared him for his future in the commercial world. Mr. Simpson has a natural affinity for people which endears him to everyone that comes into contact with him. His love of cars propelled him to take advantage of the opportunity to manage several gas stations in the early 1970’s and this provided a platform of development for the industry that he grew into. So when the door opened to own a small and failing Volkswagen and then Mercedes car dealership, he grasped the opportunity and made a success of it.

In 1976, Mr. Kyffin Simpson founded Simpson Motors and this has laid the groundwork for the group of companies that exists today and which represents such brands as Suzuki, Mitsubishi, Isuzu, Mercedes, Chrysler, Porsche, John Deere, JCB and Ingersoll Rand/Bobcat with a regional network from Bermuda in the north to Guyana in the south and from Central America in the west to Barbados in the East.

In 2005 Simpson Oil Limited (SOL), an affiliate of Interamericana Trading Corporation, headed by Kyffin Simpson made a buy-out of the retail and commercial fuel operations of Shell Antilles & Guiana’s Limited making it the largest independent oil company in the Caribbean. In 2006, SOL acquired Shell’s marketing and retail assets in Puerto Rico building this network even further.

In addition to being Chairman of the Simpson Group of Companies Kyffin Simpson has served as director and shareholder of several major corporations including a charter director of the First Caribbean International Bank. He is also a member of the Board of the prestigious Americas Society and Council of the Americas whose mission is to promote awareness of the political, cultural and economic challenges currently facing the Western Hemisphere.

5. Sir Charles “COW” Williams

Estimated worth: $600 million

Sir Charles was knighted in 2000 by the Queen of England for his outstanding contributions to Barbados’ development in construction, dairy farming, horticulture, agriculture and sports. He is a successful entrepreneur and local business mogul. His prowess as a businessman is well recognised both locally and regionally. He is a discerning procurer of real estate. Developments such as Apes Hill Club and the coveted Port St Charles attest to his ability to turn mundane properties into gold mines. He is a perceptive visionary who played a significant role in encouraging Chairman, Mr. Ralph Williams to invest in land in his youth.

Sir Charles Williams has been with Williams Industries from its inception and has provided the company numerous opportunities for sales and substantial growth through a myriad of development projects. He is the founder of C. O. Williams Construction, Barbados’ number one construction and quarrying operation company.

4. Michael Barry Tabor

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Estimated worth: $700 million

Michael Barry Tabor(born 28 October 1941) is a British businessman, bookmaker, gambler and owner of thoroughbred racehorses.

Tabor regularly appears on the Sunday Times Rich List of the richest people in Britain. In 2012 his fortune was estimated to be £550 million;two years previously the business magazine Management Today had suggested it was $2 billion.

In May 2014 Tabor assumed a 100% control of Victor Chandler International after Victor Chandler sold his interest in the firm.

His racing associations have also extended into other areas of business. With Magnier, Derrick Smith and J.P. McManus, Tabor is one of the co-owners of the luxury Sandy Lane hotel in Barbados.

In addition, Tabor, Magnier, McManus, and another Irish associate and Sandy Lane owner, Dermot Desmond, collectively owned 60 per cent of the Next Generation chain of fitness clubs sold to London & Regional Properties for around £200 million in 2006.

Tabor, Magnier, Smith, McManus and the currency trader Joe Lewis also own a large stake in the Mitchells & Butlers pub chain.

3. Dermot Desmond

Estimated worth: $1 Billion

Dermot Desmond started his career in finance at Citibank, and later worked for the Investment Bank of Ireland and PricewaterhouseCoopers.

In 1981 he founded NCB Stockbrokers, which became Ireland’s largest independent brokerage; he sold it for $39 million in 1994.

With the proceeds, Desmond started his own private equity firm, International Investment & Underwriting.

IIU now has stakes in travel software firm Datalex, Mountain Province Diamonds, Barchester Healthcare and Glasgow soccer club Celtic PLC.

2. JP McManus

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Estimated worth: $1 Billion

Born in Limerick, McManus began his business career at his family’s construction plant hire firm, and then became an on-course bookmaker at Limerick’s Markets Field greyhound track. He later moved into horse ownership and punting and laying horses on the advice of his associate Jimmy Hayes.

In 1982, he and his wife, Noreen, a former mental health nurse, bought Martinstown Stud on over 400 acres (1.6 km2) in County Limerick from the McCalmont family. McManus’s first horse was Cill Dara, which had been owned by the late Edenderry solicitor and gambler, Tim O’Toole. McManus is now National Hunt racing’s largest owner, with over 100 horses in training. In 2006, he built a €20 million residence next to Martinstown Stud. In 2013, he completed a €150 million home in Barbados

1. Eugene Melnyk

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Estimated worth: $1 Billion

Eugene Melnyk(born May 27, 1959) is a Canadianbusinessman who has resided in Barbados since February 1991. He is the current and sole owner, governor, and chairman of the Ottawa Senators professional ice hockey franchise of the National Hockey League (NHL).

He is the founder, former chairman and CEO of Biovail Corporation which was acquired by Valeant Pharmaceuticals. Canadian Business magazine ranked Melnyk 79th with a net worth of $1.21 billion on its 2017 list of Canada’s 100 wealthiest people.He is currently the richest resident of Barbados.

Article first published on”The Top Most 10 Of Everything”.

Notice:

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The African Heritage Foundation (AHF) invites you to support its 2019 Black History Month (BHM) Sankofa History Calendar Schools Initiative. The charity is in need of $2500 to complete the production of the calendars. To assist with raising the money needed the AHF is pre – selling the calendar. You are asked to support this initiative by paying for a calendar now and have it delivered or mailed to you at the beginning of the 2019. Calendars are $15 BDS or $7.50 USD.  To order your calendar and arrange payment please email the AHF at info@afrikanheritage.com, message us on our FB page https://www.facebook.com/AHFCaribbean/?ref=bookmarks or call/whatsapp 246 – 260 -4795.

For more details on the AHF’s Black History Month Sankofa History Calendar Schools Initiative please take a minute an click this link. Help us give African centered history a firm footing in our island’s schools.

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