Graham Whateley, aged 67, is chairman of the Halesowen-based Cedar Group, a property investment firm he set up 37 years ago, and beneficiary of several trusts with net assets of around £45 million.
Cedar has commercial, industrial and retail and residential properties around the country including Bristol, Manchester, Edinburgh, Wolverhampton, Kidderminster, Sutton Coldfield and Bath. In addition it has mining, oil and residential interests.
He is also chairman of Local Shopping REIT PLC, the first independent real estate investment trust to be listed in the UK. He floated the company on the London Stock Exchange in May 2007. Local Shopping REIT is capitalised at £65 million. In the six months to March 2013 Local Shopping REIT made a loss of £1.5 million compared with a £3.3 million loss for the same period the previous year. The company owns 640 properties valued at £173 million with an annual rental income of £15.8 million.
He founded property company Castlemore Securities Ltd 39 years ago. The company had assets of £220 million before it fell victim to the downturn in the property market in 2009.
Until recently he was a non-executive director stockbroker Arden Partners which he floated on AIM in 2006. He provided the capitalisation for Arden from its foundation in 2002 till its flotation October 2007. Arden was responsible for floating 10 Indian energy companies and Grahame Whateley retains an interest in three of them.
He is also non-executive chairman of Castle Marinas which operates 9,000 berths on inland and coastal marina sites and is valued at £45 million.
Married with three children, he has homes in Worcestershire, the French Alps and Majorca. He is involved in many charitable activities, including support for the Duke of Edinburgh Outward Band scheme and Emmaus, a charity for the homeless.
He also supports Help for Heroes and cancer charities.
He is a keen supporter of Shellford Rangers, a youth football team in Halesowen for whom he supplies the kit. Both he and his wife Diane are enthusiastic racehorse owners.
Grahame Whateley has been absent from the Birmingham Post Rich List since the collapse of Castlemore. We make a conservative estimate for his re-entry.