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Repair Windows errors before they cause bigger problemsFix Now →Scan for outdated or missing drivers - takes under a minuteDriver Scan →No current personal net-worth figure for Belfast businessman Michael Arthur Herbert was verified in the sources reviewed. The latest dated estimate located is €83 million for 2018, published by the Irish Independent in its 2019 Rich List profile. It is a historical media estimate, not a current valuation.
Which Michael Herbert is this?
This article concerns Michael Arthur Herbert, the Belfast businessman associated with Herbel Restaurants. Companies House lists him as an active director of Herbel Restaurants Limited, appointed on 9 December 1980, and records his birth month and year as May 1957 and his residence as Northern Ireland. Companies House officer records
What net-worth estimates have been reported?
The figures below are published estimates, not audited personal balance sheets. Their reference years, currencies and scope differ, so they should not be treated as a single continuous valuation series.
| Reference year | Reported estimate | Publisher and context |
|---|---|---|
| Around 2007 | Close to £190 million | The Irish News, in a 2014 report describing an earlier estimate. Read the report |
| 2013 | £75 million for Herbert and his wife jointly | The Irish News, 2014; this is a joint estimate, not an individual figure. Read the report |
| 2015 | €70 million | Irish Independent 2016 Rich List. Read the Rich List |
| 2016 | €72 million | Irish Independent 2017 Rich List. Read the Rich List |
| 2018 | €83 million | Irish Independent 2019 Rich List profile; the latest dated estimate located. Read the profile |
These reports document changing published estimates, but they do not establish Herbert’s present-day wealth or explain changes in a way that supports projecting a current figure.
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Why company and deal figures are not his personal net worth
Reporting has linked the Herbel business to KFC and Häagen-Dazs franchises, property holdings and development. Those activities help explain the business context behind media estimates, but company revenue, property values and acquisition prices are not interchangeable with an individual’s net worth.
- The Irish News reported that Herbel’s KFC trading income for the year to the end of 2012 was £27.15 million and rental income was £1.62 million. It also reported an investment-property portfolio of £25.8 million in accounts it described as from the prior year. These are company-level figures, not Herbert’s personal income or net worth. The Irish News report
- The Irish Times reported in 2016 that Lesley Herbert was the controlling shareholder of the Herbel group and noted that the accounts did not provide a complete picture of the wider franchise group’s finances. That limitation makes it especially important not to convert company accounts into a personal valuation. The Irish Times report
- Experian’s H1 2025 Northern Ireland MarketIQ report says Herbert Corporate Holdings, led by Michael Herbert, acquired NewRiver Retail Property Unit Trust No. 6, owner of the Abbey Centre in Newtownabbey, from NewRiver REIT for £59 million. That is the reported corporate acquisition price, not a valuation of Herbert’s personal wealth. Experian’s report
What can be concluded about his net worth?
The best-supported answer is that a current personal net-worth figure is unverified. The €83 million estimate refers to 2018 and was published by the Irish Independent in 2019; it should not be presented as a current figure. Earlier estimates vary by date, currency and whether they cover Herbert alone or him and his wife together.
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