Theatre impresarios Andrew Lloyd Webber, Cameron Mackintosh, John Gore and Leonard Blavatnik have been named among the UK’s richest people, in this year’s Sunday Times Rich List.
The year, both Lloyd Webber and Mackintosh have increased their total wealth, according to the Sunday Times’ annual list of the UK’s 1,000 richest people.
However, recent moves by multi-billionaire Blavatnik into theatre ownership and a new entry to the list mean Mackintosh is no longer the highest-placed figure in theatre.
Blavatnik, who bought the Theatre Royal Haymarket last year for £45 million and also owns Warner Music Group and investment firm Access Industries, is the highest-placed individual working in the theatre industry, at number four.
He has fallen one place in the past year, with his fortune decreasing by £889 million.
New to the list this year is Gore, with a fortune of £1.5 billion. British-born Gore has worked primarily in the US, producing, promoting and selling tickets for shows including Hamilton, Mean Girls, Dear Evan Hansen and Hello, Dolly!.
In 2008, Gore purchased Live Nation’s theatrical business in the US, and subsequently lost out to Ambassador Theatre Group in acquiring its UK operation the following year.
Now, the John Gore Organization includes companies such as the theatre website broadway.com, Broadway Across America, which presents touring theatre across the US, and discount ticketing site Broadway Box.
Gore is added to the Rich List following a year in which he has also became the Conservative Party’s biggest donor. He gave the party more than £1.5 million last year and £2.6 million since 2017.
Gore enters the list at 101=, with Mackintosh closely behind at 114=.
Mackintosh’s wealth grew by £100 million over the past year, the Sunday Times reported, to £1.28 billion.
Mackintosh’s operation recorded a 27% increase in turnover – to £168.4 million – despite falling profits at his main company following the restoration of the Victoria Palace Theatre.
The Sunday Times said it had increased the value of Mackintosh’s portfolio of West End theatres following the sale of the Haymarket to Blavatnik last year for £45 million, a cost far higher than had been expected.
As a result, Mackintosh improved his placing, up from 119 last year.
Lloyd Webber also moved up the list this year, from 185= to 173. His fortune grew by £80 million to £820 million, the Sunday Times said.
Other theatre figures on the list include Tim Rice, who is placed 772= with £153 million.