Moreton named as top earner

Posted on December 1st, by editor in Caring Times. No Comments

Southern Cross Healthcare founder John Moreton appeared 21st in the recent Sunday Times list of Britain¹s top 100 earners in the past year. Mr Moreton, who is estimated to have reaped £28.8 million in the year, appeared just below Britain¹s world champion boxer Lennox Lewis and pop idol creator Simon Fuller who were joint 19th and just above author J K Rowling of Harry Potter fame. Mr Moreton built up Ascot based Southern Cross to be Britain¹s third biggest operator of care homes before selling the company in August in a management buy-out for £80 million. Once £35 million of debt was stripped out, this left him with £28.8 from the Moreton family¹s 64 per cent stake in the company.

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