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Saturday26 July 2014

Zaha Hadid makes rich list for first time

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Architect included in Sunday Times survey alongside Norman Foster and James Dyson

Zaha Hadid has made the Sunday Times Rich List for the first time, with her personal wealth estimated at £37 million.

Hadid features in the extended list of the UK’s 2,000 wealthiest people, due to be published in full later this month. The threshold for entering the top 1000 is £70 million.

The Sunday Times described Hadid as “one of the great architects of the 21st century”. Zaha Hadid Holdings, the parent company which owns her architecture practice, saw profits rise to £4.1 million on £44.6 million turnover in 2009-10.

According to the list, the company is valued at £30 million while a separate design studio owned by Hadid is valued at £5 million after recording a profit of £878,000 on £1.2 million sales in 2009.

Past salaries and dividends add £2 million to her total wealth.

Norman Foster is the only other architect to make the list, keeping his place in the top 1000 but losing £18 million and falling 63 places from 394 to 457, with his overall wealth estimated at £168 million.

Engineer and entrepreneur James Dyson was revealed to have become a billionaire in the past 12 months, gaining £530 million to reach a total of £1,450 million and rising 18 places to number 43.

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