- $1.15 billion
- LAST YEAR:
- RURAL (POULTRY, THOROUGHBREDS)
- 80. WIDOWED, FOUR CHILDREN
Bob Ingham is behind the Inghams Enterprises poultry business. It has been a busy year for the company, which has been integrating its April 2011 acquisition of Byron Bay-based Sunnybrand Poultry. That business had a turnover of about $100 million, processing 300,000 birds a week. Ingham Enterprises has grown from a small holding in western Sydney to become one of the nation’s biggest producers of meat and now employs more than 9000 people in more than 100 locations in Australia and New Zealand. Bob and his late brother Jack inherited
the business when their father Walter died in 1953. Back then it was an 18-hectare farm with 30,000 birds and 650 pigs. The brothers built the business on a growing appetite in Australia for white meat. At the same time, they turned their passion for horse racing into a successful throughbred stud and racing empire, Woodlands Stud, which was sold in 2008 for a reported $500 million to Dubai’s ruler, Sheik Mohammed bin Rashid al-Maktoum. Ingham is still racing horses and has been building up his stable since the Woodlands sale. He has also endowed a number of philanthropic initiatives, including the Ingham Institute for Applied Medical Research, which conducts research into cancer, brain science, mental health, cardiovascular disease, infectious and inflammatory diseases and population health. A new $50 million building for the institute, in the grounds of Sydney’s Liverpool Hospital, is due to open in late June.