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RESULTS FOR 2009
Ranking: 1,477=
Worth: £38m
Down: £12m
Source of wealth: Metal trading
Amalgamated Metal Corporation is one of the top metal traders in the City. Based in Bishopsgate, it made a healthy £66.3m profit on nearly £850m sales in 2007. The company was the subject of a £200m management buyout in December 2003 from the German travel company TUI. Robbins, 48, an Amalgamated director, took part in the MBO and has a 10.5% stake in the parent company. Amalgamated Metal has a strong balance sheet and nearly £171m net assets, but with commodity prices crashing in the autumn, we value the business at £300m. That leaves Robbins’s stake at £31.5m. Past salaries lift him to £38m.
RESULTS FOR 2008
Ranking: 1,446=
Worth: £50m
Source of wealth: Metal trading
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