Source of Wealth:Retailing, Rugby Union
Former England international rugby union player and businessman, Steve Smith has a net worth of £30 million as of May 2012, according to the Sunday Times Rich List. The talented scrum-half, played for Sale and captained England between 1982-1983. He co-founded Cotton Traders clothing with Fran Cotton, another former England captain, in 1987. He later moved into rugby commentary with ITV as a co-commentator from 1991 to 2003. Cotton Traders has strong rugby links, supplying kit to the Barbarians, Leicester Tigers, Worcester Warriors, Sale Sharks and Newcastle Falcons. Profits soared at the Cheshire-based operation in 2010-11 to a record £4.3m on £69m sales. In 2011-12 profits should come in at £6m on £76m sales. Given its strong growth and expansion plans, the business is worth £80m and Smith has a £26.6m stake. Past salaries and other assets take him to £30m.
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