Collapse of Irish banks wipes nearly 40% off personal wealth
Insurance magnate Sean Quinn suffered one of the biggest losses in wealth on this year's Sunday Times Rich List seeing his wealth fall by almost 40% to £2.3bn.
His family's fortune has dropped £1.44m (38%) to £2,295m, although they stay second on the overall Irish list.
Quinn lost more than £1bn on his stake in Anglo Irish Bank when it was nationalised in January.
The Belfast Telegraph reported that the loss was the largest among Ireland’s elite and lost Mr Quinn the title of richest person in Ireland. He remained the richest person in Northern Ireland.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
