How Rich Is Morrison? Uncovering The Wealth Of The Former Prime Minister

The Morrison family, heirs to the Morrisons supermarket chain, are among the wealthiest families in Yorkshire. Their combined fortune is estimated at £933 million, making them one of the top five richest families in the region. This wealth stems from the private equity takeover of the Morrisons supermarket chain, which benefited the children of Sir Ken Morrison considerably.

The Morrisons supermarket chain was founded in 1904 by William Morrison. The company grew rapidly and became a major player in the British grocery market. In 2021, the company was taken over by a consortium of private equity firms, including Clayton, Dubilier & Rice. This deal resulted in a significant windfall for the Morrison family, including Andrea Shelley, William Morrison, and Eleanor Kernighan.

The private equity takeover of Morrisons was a major event in the British retail sector. It highlighted the increasing influence of private equity firms in the UK economy and the growing trend of consolidation in the grocery industry. The deal also raised questions about the future of the Morrisons brand and its commitment to its employees and customers. However, it seems that the family, including the heirs to the fortune, have fared quite well from the takeover.