WEALTH

Written by Anthony Casey on March 18, 2011. Posted in News Round up

The Internet and new technologies are making some people vast fortunes – in Ireland too. In the Sunday Independent’s latest Rich List, many of the 40 new entrants have made their money in the tech sector.

Andrew Collins landed €25m-plus when he sold his stake in online insurance firm 123.ie last year. His partner Derek Richardson netted €37m. It was second time around for Collins, who had already made a killing when Cendant paid €60m to buy Needahotel.com five years ago.

Cartrawler’s Greg and Niall Turley and Curam’s John Hearne and Ronan Rooney were also big winners. Cyril McGuire sold Trintech for almost €100m. Taxback.com’s Terry Clune is also a new entrant.

Tags: Insolvency, Technology, Wealth