UK: More porn, more corn for David Sullivan.

UK: More porn, more corn for David Sullivan. - Forget banking, insurance or even food retailing: porn is the business to be in. The salary hikes of Prudential's Mick Newmarch (up 43% to £543,673) or Tesco's Sir Ian MacLaurin (a £1 million rise to £1.4 mi

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Last Updated: 31 Aug 2010

Forget banking, insurance or even food retailing: porn is the business to be in. The salary hikes of Prudential's Mick Newmarch (up 43% to £543,673) or Tesco's Sir Ian MacLaurin (a £1 million rise to £1.4 million) exercise Fleet Street but no one speaks of how well soft-porn king David Sullivan has been doing.

Last year Sullivan earned the princely sum of £1.9 million, a 137% increase, which put him well ahead of Tiny Rowland and Lord Hanson in the high pay stakes. At that level he emerges as Britain's second highest-paid director behind Bill Brown, the £8 million a year Lloyd's underwriter.

What has Sullivan done to "deserve" such a pay increase? Owning moneyspinners like his main holding companies - Roldvale Ltd and Conegate - certainly helps. In 1989 they made profits of some £6.5 million. Sullivan's Sunday Sport newspaper operation produces another healthy whack, with profits of around £1 million a year. Who says porn doesn't pay?

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