2. Joe Hemani – Westcoast
Rank: 265th (up from 289th year on year)
Estimated wealth: £531m
Rich celebrities eclipsed by his wealth: David and Victoria Beckham (£500m), Andrew Lloyd Webber (£500m)
The Westcoast founder saw his estimated wealth swell by £53m year on year to £531m, thrusting him to 265th in the pecking order.
Since last year’s list, Hemani has of course sold Westcoast to mainland European peer ALSO (although German arm Komsa was not included in the deal).
Hemani is also known for being Vice President of Chelsea Football Club.
Boasting total revenues of €4.2bn across its UK, French and Irish operations, Westcoast ranked top in IT Channel Oxygen’s recent 50 Must-Know Distributors rundown.
Westcoast’s acquisition by ALSO closed at the end of February following European Commission clearance.
The duo’s combined sales of around €15bn are a smidgeon below European market leader TD Synnex’s regional tally (its 2024 revenue and gross billings from the region stood at $19.6bn and $25.4bn, respectively).
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