UK: Sainsbury's stake.

UK: Sainsbury's stake. - The Sainsbury supermarket family may have divided political loyalties but they should all be mourning the departure of Mrs Thatcher. Under her the family fortunes have prospered, and none more so than those of David Sainsbury him

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Last Updated: 31 Aug 2010

The Sainsbury supermarket family may have divided political loyalties but they should all be mourning the departure of Mrs Thatcher. Under her the family fortunes have prospered, and none more so than those of David Sainsbury himself. When Thatcher came to power on May 4 1979 the family's 39% stake in the group was worth some £119 million. Eleven and a half years later, on November 28 1990, it had risen to £1.7 billion.

Figures from Datastream, the city research group, show that on October 8 David's 22.5% stake in the business was worth £1,088 million. Subsequent profit taking by the city clipped £100 million from his paper wealth in the last weeks of Thatcherism. But as David Sainsbury leads a modest life he probably will not miss the money.

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