How he made his pile

Lord Hollick, Director of US private equity group KKR.

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Last Updated: 09 Oct 2013

Who is he? Former CEO of United Business Media, Hollick is an old hand at market research, film production, advertising and publishing. But more often than not, he's the one in the headlines - most recently over a proposed £250,000 retirement bonus, thrown out by shareholders.

How did he make his millions? Hollick joined Hambros in 1967, becoming its youngest-ever director. By 1978, he'd revived Vavasseur, a victim of the banking crisis, later developing it into what became UBM. He sold Express Newspapers Group in 2001 to porn baron Richard Desmond for £125 million. UBM paid him £1.44 million last year. His pension pot is worth £14.5 million.

The secret of his success? Hollick keeps an iron grip on the purse strings. In 1992, a year after he was made a Labour life peer, it emerged that he had paid top employees in gold bars to avoid National Insurance contributions.

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