14 Jamie & Juli­ette Oliver

Essex Life - - Richest 50 -

Me­dia & Res­tau­rants, £200m

A new £10m Lon­don home has been added to Jamie Oliver’s grow­ing prop­erty em­pire. The eight-bed­room house in the heart of Hamp­stead’s luvvie-land, com­ple­ments his £7m home three miles away in Prim­rose Hill and a coun­try manor near his child­hood home of Claver­ing. But the celebrity chef, whose lat­est Chan­nel 4 se­ries, Jamie’s Su­per Food, is be­ing aired, should have no trou­ble with the mort­gage. It was re­ported in June 2015 that Oliver was look­ing to sell a stake in his restau­rant em­pire to the 3i pri­vate eq­uity group that would value the whole op­er­a­tion at £200m. Jamie Oliver Hold­ings, the pub­lish­ing and TV arm of the celebrity chef’s busi­ness em­pire, ac­tu­ally saw its prof­its fall in 2013 from £9.8m to £6.2m. Lower book sales and a slow down in TV pro­duc­tion were blamed for the fall. Over at the sep­a­rate Jamie’s Ital­ian, which operates 39 res­tau­rants in the UK and nine in­ter­na­tion­ally, turnover rose to £101.8m though heavy in­vest­ment hit prof­itabil­ity and prof­its in 2013 fell by over a quar­ter from £7.8m to £5.6m. Start­ing to cook at the age of eight in his par­ents’ pub, the young Oliver en­rolled at West­min­ster Cater­ing Col­lege af­ter school and dur­ing the sum­mer worked at The Starr restau­rant in Dunmow. Fresh from col­lege he earned his stripes at An­to­nio Carluccio’s trendy Neal Street restau­rant in Covent Gar­den and quickly moved on to be­come as­sis­tant chef at Lon­don’s River Cafe, where he was spot­ted by a TV pro­ducer film­ing a doc­u­men­tary there. A string of cook books and TV pro­grammes fol­lowed. By 2012 he had shifted 10m books worth £126m. With the likely £200m val­u­a­tion of the busi­ness, Oliver should eas­ily be worth that sum with his prop­erty as­sets and the value of his brand name. His wife Jools’ busi­ness in­ter­ests in her Jool’s En­ter­prises (net as­sets nearly dou­bling in 2013 to £95,000) also bol­sters a £200m val­u­a­tion.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.