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Tim and Kit Kemp
Hotels
Rank 2017
275=
Worth
£450m
Rise/fall
£50m
The 10 boutique hotels and seven bars in London and New York owned by Tim Kemp, 71, and his wife, Kit, 60, have won design awards for their chic, quirky decor. In 1985 the couple set up their London-based operation, which includes the Charlotte Street hotel and New York’s Crosby Street and Whitby hotels. The Kemps’ parent company, Firmdale Holdings, turned in a post-tax loss of £8.6m in 2015-16. The latest accounts value their business assets at £337m compared with £388.9m the previous year after a change in accounting procedures. The Kemps reckon the operation is worth between £500m and £600m but we clip it back to £450m in line with the change in asset values.

Relative Values: Tim and Kit Kemp, the hoteliers behind Ham Yard and New York’s the Whitby