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PRIVACY
Economic Development

Rich List 2010: 7 (-) Felix Dennis £580m (£750m)

Somewhere in the world, someone buys a Dennis Publishing magazine from a news stand every two seconds.

Somewhere in the world, someone buys a Dennis Publishing magazine from a news stand every two seconds.

Which is probably why Felix Dennis’s £85 million publishing empire is doing pretty well.

The credit crunch has taken its toll but the publishing company – which employs 400 people in the º£½ÇÊÓÆµ – still managed a £13 million profit in 2008.

And it continues to expand, becoming one of the country’s biggest multi-media enterprises as it builds both its print and digital presence. Recent acquisitions included global entertainment portal Kontraband which it bought from Diffusion Media. The company has also acquired the rights to distribute US title Men’s Fitness in the º£½ÇÊÓÆµ and Ireland.

Meanwhile Felix Dennis continues his love of poetry writing, having completed a nationwide poetry tour.

The tour coincided with the launch of a book of the eccentric Warwickshire millionaire’s poetry. It’s his fifth book of poetry and has been described as his most personal and revealing yet. Fans of his poems include Mick Jagger, Stephen Fry, Tom Wolfe, Dawn French and Jon Snow to name but a few.

Sales of his º£½ÇÊÓÆµ magazines are doing well, particularly The Week, which is valued at least £150 million, but also his men’s fitness and motoring magazines, and of course Maxim.

Meanwhile his web-based magazines are taking off in a big way, with Monkey, his digital men’s magazine launched early in 2007, breaking all records. Digital magazines iMotor and iGizmo have had promising starts.