Saturday September 19, 2020

Tony O'Reilly: how the billionaire's fortune unravelled

Yesterday Tony O’Reilly had a judgement for €22.6 million entered against him by AIB. Barry J Whyte analyses the financial and business storms that have hammered the one-time billionaire.

Barry J Whyte

Chief Feature Writer

@whytebarry
24th June, 2014
“It’s the Lion in Winter,” said one person who worked with Tony O’Reilly.

Ten years ago, Tony O’Reilly was Ireland’s richest and most powerful businessman. On top of a controlling share of Independent News & Media, he had made tens of millions from his involvement in the flotation of Eircom. As a consequence of that and other canny deals, compilers of the annual Sunday Times Rich List had added a quarter of a billion to his net worth, bringing him up to nearly €2 billion....

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