Financier Kenny boosts wealth by more than €30 million

Large increase in accumulated profits come after Kenny and business partner’s sale of Nua Healthcare

Ulric Kenny: the serial entrepreneur who co-founded Ion Equity, has been a mainstay on Irish rich lists over the years

Ulric Kenny, the financier, boosted his own personal wealth by more than €30 million in 2020.

New accounts filed for Tammisaari Limited, which is owned by Kenny and his wife Susan, show the firm recorded a €34.4 million profit in 2020, which boosted accumulated profits to €61.9 million. The new filings also show that cash at bank in Kenny’s firm has increased from €38,000 to €57.6 million.

The large increase in accumulated profits and cash ...