Brothers earn their Stripe as they join Irish rich list

Two brothers in their early 20s from Limerick have joined the list of the 250 richest people in Ireland.

Brothers earn their Stripe as they join Irish rich list

Patrick, 24, and John, 22, Collison have a €59m holding in their latest company, Stripe, which gains them a place in the Sunday Times Irish Rich List due to be published this weekend.

Stripe, a Silicon Valley-based company, makes online payments easier. Just over five years ago, the brothers shared a €3m windfall after they sold their fledgling internet company, Auctomatic.

The Sunday Times yesterday released details of 20 individuals or groups who are new entrants to its highly popular annual rich list.

Topping the list of the latest multimillionaires are another pair of brothers, Dublin-born doctors Joseph, aged 67, and James, 73, Sheehan. They co-founded the Blackrock Clinic in 1984 and Galway Clinic in 2004. Along with James Sheehan’s wife Rosemary, the brothers join the rich list at €181m, based on the €25m profit generated in 2010 and in 2011 between the two private hospitals in which they are the large shareholders.

Other investors in the Dublin hospital will also feature in Sunday’s list, including Larry Goodman, the beef magnate who featured prominently in the newspapers during the horsemeat scandal. The rich list’s authors revealed that his fortune has been placed at €613m.

The authors also revealed that a “fast fortune” had been made by Terry Clune, founder of the Kilkenny-based Taxback Group.

The 40-year-old debuts in the list at €52m. He started the business as a student, getting tax refunds for his colleagues from their summer jobs, and turned it into a global business.

“The transformation of the former Irish Glass Bottle company into Ardagh Packing Group, now one of the world’s largest packaging manufacturers, generated the highest number of new entrants to the list. These were former Irish government adviser Brendan Dowling, 66, Eddie Kilty, 64, and solicitor Houghton Fry, 67. They all have paper fortunes worth over €69m.”

Businessman turned sculptor Paddy Campbell, 70, of Campbell Bewley coffee group joined the list with wealth of €44m.

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