43= GENE WILL­SON

Essex Life - - RICHEST 50 -

Trans­port 2018: £70m 2017: £70m (48th)

Stansted-based Ti­tan Air­ways saw its prof­its fly nicely to £6m on record sales of £89.4m sales in 2016-17. The com­pany is run and largely owned by Gene Will­son, a qual­i­fied pi­lot. Ti­tan char­ters planes to a range of clients. It also owns Satel­lite Travel Group. About half the com­pany’s rev­enue comes from trans­port­ing mail and freight, but Ti­tan also op­er­ates a va­ri­ety of char­ters. Re­cent pas­sen­gers have in­cluded Premier­ship and na­tional foot­ball teams, rock groups and even roy­alty. With £38.5m net as­sets, Ti­tan is worth £65m. Will­son owns all but one spe­cial share. Div­i­dends take him to £70m.

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