Top 17 richest Brits in drinks

12. John Apthorp and family

John Apthorp

Position 2018: 504

Position 2017: 452

Worth: £268m

Rise/fall: +£25m

Sources: Wine, Food

Mr Apthorp, 82, was a founding member and managing director of the family business of frozen food stores Bejam, eventually selling the chain to Iceland in 1989 for £70m. He also co-founded Wizzard Wines (now Majestic Wine), which his family has a £32.5 million stake in. The company announced a profit warning in September 2016 which led to a 25% decline in value of its shares, following its purchase of Naked Wines.

In March this year, Majestic announced it will close stores and rebrand as Naked Wines as it concentrates on its online business, despite CEO Gormley insisting the recently transformed Majestic business had “the potential to be a long-term winner”.

Apthorp previously sold £38m of shares in Majestic, which is now worth £197.3m, down nearly £133m in a year. His son Justin, 57, who sits on the board, sold a £2.5m holding last July.

Already an Officer of the Order of the British Empire (OBE), Apthorp was appointed Commander of the Order of the British Empire (CBE) in the 2014 New Year Honours for charitable services.

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