WEALTH
18
Mar, 2011
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.
Popular Articles
Response to Dept of Finance consultation paper on Contractors
The Departments of Finance and Social Protection issued a Consultation paper …
€90 Million Microfinance Scheme Open For Business
Have you been refused credit by the banks for loans of up to €250,000? The Mi…
AIB’s Big Drive for Small Business… Giving Credit or Paying LipService
AIB has launched a programme of supports aimed at helping startup businesses …