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Paul Caddick Net Worth

Paul Caddick Net Worth

Net Worth: $225 Million

Statistics
  • Source of Wealth Rugby union, Construction
  • Nationality United Kingdom

About Paul Caddick

Retired British rugby player, Paul Caddick has a net worth of £150 million as of May 2012, according to the Sunday Times Rich List. His playing career was curtailed after he injured his neck when a scrum collapsed in 1980 but that was by no means the end of his involvement with rugby. Having started work as a site engineer in the 1960s, Caddick gained a degree in civil engineering and qualified as a chartered civil and municipal engineer. In 1979 he founded Caddick Group, a civil engineering business in Yorkshire, which has evolved into a property-to-construction group. In the year to August 2011 it made a £2.7m loss on £62.3m sales with net assets of £38m. Sixteen years ago Caddick became owner of Leeds CF&A, giving him ownership of Headingley stadium and in 1998 he was instrumental in forming the world’s first dual code partnership when Leeds rugby union club joined forces with Leeds Rhinos under the Leeds Rugby umbrella.

Caddick regularly attends Rhinos games with his children and grandchildren. In 2005 he agreed to sell the adjacent cricket stadium to Yorkshire county cricket club, who for the first time in their long history became owners of the iconic sporting arena. He chairs Leeds Rugby, in which Caddick Group has a 76% stake. The parent company has a roster of blue chip clients and was involved in the Trinity Quarter shopping centre in Leeds but in 2007 sold its share to its partner, the giant Land Securities property group. Caddick is also expanding fast in retirement homes through its Oakbridge Retirement Villages joint venture. The family and trusts own more than 90% of Caddick Group shares. Other private assets and sale proceeds brings Paul Caddick and family’s wealth at £150m.